❓ Hon Jim Chown questions the Treasurer regarding the privatisation of the TAB, specifically its estimated value, potential buyers, and restrictions favouring national buyers. The Treasurer declines to disclose the estimated value but provides general information about potential bidders and the sale process.
AnsweredQoN 923Legislative Council
QuestionView source ↗
TAB —
PRIVATISATION
923. Hon JIM CHOWN to the minister representing the
Treasurer:
(1) What is Treasury's
estimated value of the TAB now that it is going to be privatised?
(2) Who are the likely purchasers of
the TAB?
(3) Will there be
any restrictions on the sale of the TAB to give priority to national buyers
over international buyers who may be interested in submitting a purchase tender
once the legislation has passed through the Parliament?
PRIVATISATION
923. Hon JIM CHOWN to the minister representing the
Treasurer:
(1) What is Treasury's
estimated value of the TAB now that it is going to be privatised?
(2) Who are the likely purchasers of
the TAB?
(3) Will there be
any restrictions on the sale of the TAB to give priority to national buyers
over international buyers who may be interested in submitting a purchase tender
once the legislation has passed through the Parliament?
AnswerView source ↗
I thank the honourable member for
some notice of the question.
(1) The
government will not be disclosing what it believes the TAB is worth, as this
would clearly not be in the state's or the racing industry's
best interests.
(2) It is
expected that the bidder field will include existing wagering operators that
have experience in the Australian market. The government will assess bidders on
their capability and capacity to operate the TAB in the long-term interests of
the racing industry.
(3) The
government will run an open market process that is compliant with Foreign
Investment Review Board processes.
some notice of the question.
(1) The
government will not be disclosing what it believes the TAB is worth, as this
would clearly not be in the state's or the racing industry's
best interests.
(2) It is
expected that the bidder field will include existing wagering operators that
have experience in the Australian market. The government will assess bidders on
their capability and capacity to operate the TAB in the long-term interests of
the racing industry.
(3) The
government will run an open market process that is compliant with Foreign
Investment Review Board processes.
Explore WA Government Data
Search the full archive in the free dashboard, or query programmatically via API.
Explore more
Government Gazette
Appointments, regulatory notices, planning changes.
Hansard
Debates, questions, speeches and sentiment.
Tabled Papers
Reports and documents tabled in Parliament.
Committees
Committee profiles and recent reports.
Regulations
Subsidiary legislation with filters and summaries.
Bills
Proposed laws and parliamentary progress.
Acts
Current WA legislation and summaries.
Explanatory Memoranda
Bills with EMs (text/PDF) available.
Members
MP profiles, party breakdown and rankings.
Pollie Rankings
Data-driven rankings across 19 categories.
Amendment Chains
Track how schemes and regulations evolve over time.