Question regarding conditions attached to the allocation of additional funds to the racing industry following a reduction in Totalisator Agency Board (TAB) tax. The Minister's answer confirms the expectation that the tax reduction would increase stakes paid.

AnsweredQoN 70Legislative Council
Asked
23 May 2001
Portfolio
Racing and Gaming

QuestionView source ↗

I refer to the minister’s answer yesterday relating to the reduction in the Totalisator Agency Board tax from five per cent to 4.5 per cent. Were any conditions attached to the way in which the allocation of the additional $4 million to the racing industry was to be spent? Hon N.D. GRIFFITHS

AnswerView source ↗

The reduction in turnover tax was expected to have, and is having, an impact on the stakes paid. That is the wish of the Government and that is what the industry is responding to.
Hon N.D. GRIFFITHS replied: The reduction in turnover tax was expected to have, and is having, an impact on the stakes paid. That is the wish of the Government and that is what the industry is responding to.
The reduction in turnover tax was expected to have, and is having, an impact on the stakes paid. That is the wish of the Government and that is what the industry is responding to.

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