Mr. McGrath questions the Minister on guarantees to the racing industry regarding funding post-TAB privatisation. The Minister claims the industry received a very generous outcome, exceeding initial expectations.

AnsweredQoN 723Legislative Assembly
Asked
9 October 2018
Portfolio
Racing and Gaming

QuestionView source ↗

TAB —
PRIVATISATION
723. Mr J.E. McGRATH to the Minister for Racing and Gaming:
I have a supplementary question. Is
the minister saying that the government has given the racing industry a guarantee
that it will be no worse off in funding for prize money for the next three
years?

AnswerView source ↗

We went into the negotiations with
the industry players requesting that the industry be no worse off, but they got
well in excess of no worse off, to the extent that the Treasurer was grinding
his teeth next to me when we were doing the press conference earlier today.
This is not no worse off; it is not a little bit more than no worse off; this
is a really good outcome. It is the most generous distribution of revenue from
the point of consumption tax in the country. It is a wonderful outcome for the
industry. Once the member looks at the detail, I am absolutely certain that he
will love it. He will be on board, and I hope that he can convince his
colleagues in the upper house of the importance of the racing industry and the
35 000 jobs that are derived from it, because the sooner we get both of these
bills through, the better the industry will be.

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