A parliamentary question seeks details on the contractual differences between the 1996 TAB agreement and the proposed ABL agreement for TAB agents, focusing on remuneration and obligations. The Minister provides the documents and a table outlining the differences.

AnsweredQoN 630Legislative Council
Asked
20 August 2004
Portfolio
Racing and Gaming

QuestionView source ↗

(1) Will the minister table a copy of the 1996 TAB standard agreement that sets out the contractual obligations on remuneration and other relevant matters pertaining to the TAB and TAB agents, and a copy of the proposed ABL agreement between the TAB and prospective agents who are considering purchasing a currently managed TAB agency? (2) What are the relevant differences between each of these agreements? Hon NICK GRIFFITHS

AnswerView source ↗

(1)-(2) I thank the member for some notice of this question. I table the relevant documents and I seek leave to have incorporated in Hansard a table that sets out the relevant differences. Leave granted. The following material was incorporated in Hansard . 1996 Agreement ABL Term 10 Years 5 years with 5 year option Agreement Collective Non-collective Remuneration - Rate Base Fee Hourly Fee Terminal Charge 2.64 % Aggregated Turnover No Yes Yes 1.80% Pari-mutuel bets 1.50% Sportsbet Yes $400 p.w. Indexed No No Network Fee - Part Funding Buyouts No Yes - 1.00% Gross weekly commission Pubtab Compensation Scheme No Yes - first 2 years after establishment. Buyout Provisions - Payment to Agent as result of annual network review No Yes - 2.5 times annual commission less costs Performance Reviews No Yes - KPI’s - 6 monthly reviews [See paper No 2480.]
(2) What are the relevant differences between each of these agreements? Hon NICK GRIFFITHS replied: (1)-(2) I thank the member for some notice of this question. I table the relevant documents and I seek leave to have incorporated in Hansard a table that sets out the relevant differences. Leave granted. The following material was incorporated in Hansard . 1996 Agreement ABL Term 10 Years 5 years with 5 year option Agreement Collective Non-collective Remuneration - Rate Base Fee Hourly Fee Terminal Charge 2.64 % Aggregated Turnover No Yes Yes 1.80% Pari-mutuel bets 1.50% Sportsbet Yes $400 p.w. Indexed No No Network Fee - Part Funding Buyouts No Yes - 1.00% Gross weekly commission Pubtab Compensation Scheme No Yes - first 2 years after establishment. Buyout Provisions - Payment to Agent as result of annual network review No Yes - 2.5 times annual commission less costs Performance Reviews No Yes - KPI’s - 6 monthly reviews [See paper No 2480.]
Hon NICK GRIFFITHS replied: (1)-(2) I thank the member for some notice of this question. I table the relevant documents and I seek leave to have incorporated in Hansard a table that sets out the relevant differences. Leave granted. The following material was incorporated in Hansard . 1996 Agreement ABL Term 10 Years 5 years with 5 year option Agreement Collective Non-collective Remuneration - Rate Base Fee Hourly Fee Terminal Charge 2.64 % Aggregated Turnover No Yes Yes 1.80% Pari-mutuel bets 1.50% Sportsbet Yes $400 p.w. Indexed No No Network Fee - Part Funding Buyouts No Yes - 1.00% Gross weekly commission Pubtab Compensation Scheme No Yes - first 2 years after establishment. Buyout Provisions - Payment to Agent as result of annual network review No Yes - 2.5 times annual commission less costs Performance Reviews No Yes - KPI’s - 6 monthly reviews [See paper No 2480.]
(1)-(2) I thank the member for some notice of this question. I table the relevant documents and I seek leave to have incorporated in Hansard a table that sets out the relevant differences. Leave granted. The following material was incorporated in Hansard . 1996 Agreement ABL Term 10 Years 5 years with 5 year option Agreement Collective Non-collective Remuneration - Rate Base Fee Hourly Fee Terminal Charge 2.64 % Aggregated Turnover No Yes Yes 1.80% Pari-mutuel bets 1.50% Sportsbet Yes $400 p.w. Indexed No No Network Fee - Part Funding Buyouts No Yes - 1.00% Gross weekly commission Pubtab Compensation Scheme No Yes - first 2 years after establishment. Buyout Provisions - Payment to Agent as result of annual network review No Yes - 2.5 times annual commission less costs Performance Reviews No Yes - KPI’s - 6 monthly reviews [See paper No 2480.]
I table the relevant documents and I seek leave to have incorporated in Hansard a table that sets out the relevant differences. Leave granted. The following material was incorporated in Hansard . 1996 Agreement ABL Term 10 Years 5 years with 5 year option Agreement Collective Non-collective Remuneration - Rate Base Fee Hourly Fee Terminal Charge 2.64 % Aggregated Turnover No Yes Yes 1.80% Pari-mutuel bets 1.50% Sportsbet Yes $400 p.w. Indexed No No Network Fee - Part Funding Buyouts No Yes - 1.00% Gross weekly commission Pubtab Compensation Scheme No Yes - first 2 years after establishment. Buyout Provisions - Payment to Agent as result of annual network review No Yes - 2.5 times annual commission less costs Performance Reviews No Yes - KPI’s - 6 monthly reviews [See paper No 2480.]
Leave granted. The following material was incorporated in Hansard . 1996 Agreement ABL Term 10 Years 5 years with 5 year option Agreement Collective Non-collective Remuneration - Rate Base Fee Hourly Fee Terminal Charge 2.64 % Aggregated Turnover No Yes Yes 1.80% Pari-mutuel bets 1.50% Sportsbet Yes $400 p.w. Indexed No No Network Fee - Part Funding Buyouts No Yes - 1.00% Gross weekly commission Pubtab Compensation Scheme No Yes - first 2 years after establishment. Buyout Provisions - Payment to Agent as result of annual network review No Yes - 2.5 times annual commission less costs Performance Reviews No Yes - KPI’s - 6 monthly reviews [See paper No 2480.]
The following material was incorporated in Hansard . 1996 Agreement ABL Term 10 Years 5 years with 5 year option Agreement Collective Non-collective Remuneration - Rate Base Fee Hourly Fee Terminal Charge 2.64 % Aggregated Turnover No Yes Yes 1.80% Pari-mutuel bets 1.50% Sportsbet Yes $400 p.w. Indexed No No Network Fee - Part Funding Buyouts No Yes - 1.00% Gross weekly commission Pubtab Compensation Scheme No Yes - first 2 years after establishment. Buyout Provisions - Payment to Agent as result of annual network review No Yes - 2.5 times annual commission less costs Performance Reviews No Yes - KPI’s - 6 monthly reviews [See paper No 2480.]
1996 Agreement ABL Term 10 Years 5 years with 5 year option Agreement Collective Non-collective Remuneration - Rate Base Fee Hourly Fee Terminal Charge 2.64 % Aggregated Turnover No Yes Yes 1.80% Pari-mutuel bets 1.50% Sportsbet Yes $400 p.w. Indexed No No Network Fee - Part Funding Buyouts No Yes - 1.00% Gross weekly commission Pubtab Compensation Scheme No Yes - first 2 years after establishment. Buyout Provisions - Payment to Agent as result of annual network review No Yes - 2.5 times annual commission less costs Performance Reviews No Yes - KPI’s - 6 monthly reviews [See paper No 2480.]
Base Fee Hourly Fee Terminal Charge
Base Fee Hourly Fee Terminal Charge
Hourly Fee Terminal Charge
Terminal Charge
No Yes Yes
Yes Yes
Yes
1.50% Sportsbet Yes $400 p.w. Indexed No No
Yes $400 p.w. Indexed No No
No No
No
Part Funding Buyouts
Payment to Agent as result of annual network review
[See paper No 2480.]

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