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$80m "Redirected Wagering Tax" To Fund Qld Plan

Wednesday, 8th December 2010

Racing Queensland chairman Bob Bentley said implementation of the Industry Infrastructure Plan "would rely on securing funds from a number of sources including the $80 million in redirected wagering tax already committed by the Queensland Government, the scrapping of the proposed Logan greyhound facility & the sale of Albion Park Raceway". He said the plan "has been based on industry views about future priorities, after meeting with various clubs & stake-holders from all 3 codes throughout July. If the racing industry in this state is to succeed into the future, we must collectively shift our focus from internal to external. The industry must unite & pursue common outcomes & not continue to operate independently, in many cases competing with each other. The plan doesn't favour 1 code or 1 club over another; it ensures all clubs & codes work together to improve racing across the State." Bentley emphasised "for each of these proposed developments to take place, RQ & the club involved must be in a partnership arrangement. The partnership agreement will see RQ run the racing side of the business taking on all costs. The agreements will free up clubs to place greater focus on their members & driving revenue through non-race day activities." Bentley noted now the proposal document had been publicly released, an Industry Infrastructure Plan Working Group "would obtain further feedback via individual meetings with relevant industry & community stake-holders throughout the state". This feedback process "will be held over a 2-week period until December 22" & additional information provided during this process "will be used to finalise Racing Queensland Limited's Plan on or before December 31". This "will form the basis on which Racing Queensland Limited will seek to secure additional funding resources".

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