Daily News Archive

Search nearly 75,000 unique Daily News articles.

Daily News Subscription

ARB Delays Official Response To PC Draft

Thursday, 22nd October 2009

Australian Racing Board chief executive Andrew Harding noted: "Central to the Productivity Commission's draft proposals for reform is a finding that without mechanisms to prevent 'free-riding' there is a real risk to the longer-run viability of the racing industry, which would have detrimental consequences for the communities where racing plays a key role. Moreover, the Commission finds that such a decline would also adversely affect consumers of wagering & racing products. The ARB welcomes those findings." However Harding added: "These are complex matters & the ARB will not comment on the Commission's proposals until there has been an opportunity for the Board's Directors to adequately consider the contents of the document & the full implications of the Commission's proposals for Australian Racing. Importantly the recommendations that have been published by the Commission are in draft form only, so there is an opportunity for the industry to produce cogent reasons & supporting evidence for any variations to the draft findings that are considered necessary." The Commission is holding public hearings on its draft inquiry report in late November/December, with its final report to be delivered to the Government by 26 February 2010.

« Previous
Return to
22nd October 2009 News
Next »