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MEDIA RELEASE
Treasurer
The Honourable Andrew Fraser
12/11/2008
'Race fields' legislation introduced to Parliament
The Bligh Government has moved to protect the future of racing in Queensland with the introduction of 'race fields' legislation into State Parliament today.
Treasurer Andrew Fraser said it was an important step forward for the racing industry.
"Since New South Wales committed to introducing 'race fields' legislation earlier this year, the Bligh Government had no option but to follow the same path," Mr Fraser said.
"The legislation will allow Queensland's racing bodies to charge wagering operators a turnover-based fee for using Queensland racing product.
"The Queensland industry itself will determine the rate applied, but I expect it to be similar to NSW, where the charge is 1.5%.
"As has been previously announced, the Bill will be retrospective to 1 September 2008. This will bring the operation of the 'race fields' legislation in line with NSW.
"The revenue gathered from 'race fields' fees will go straight back into the racing industry.
"Without this legislation, the Queensland racing industry could lose millions each year.
Mr Fraser said the State Government had taken into account the recent High Court decision in the relation to the Betfair v West Australian Government case.
"It is important that any legislation does not discriminate against operators on a geographical basis. All wagering operators, whether based in Queensland or licensed elsewhere in Australia, will be required to gain approval to offer betting on Queensland races."
QUEENSLAND Racing web news: October 12
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