The New Improved Racing Queensland 2015 - ? - Qld Gallops - Racehorse TALK harm-plan

Racehorse TALK



The New Improved Racing Queensland 2015 - ? - Qld Gallops - Racehorse TALK

Author Topic: The New Improved Racing Queensland 2015 - ?  (Read 256837 times)

0 Members and 2 Guests are viewing this topic.

Offline gunbower

  • Group3
  • User 2463
  • Posts: 692
« 2018-Apr-20, 09:04 PM Reply #1650 »
What a stunning appointment ? His background is with Sky Channel and Tatts. They would have to be two of the most under achieving organizations one could possibly think of. They cant be serious in Queensland can they be ?

Online Arsenal

  • VIP Club
  • Group 1
  • User 194
  • Posts: 14542
« 2018-Jun-03, 01:48 PM Reply #1651 »
A bad bet for racing
EDITORIAL
THOROUGHBRED, greyhound and harness racing in Queensland is at a crossroads.

The unpalatable route will consign Queensland racing to an amateurish, boorish second-rate operation.

Cynics in the southern states are already laughing at the Eagle Farm debacle and our lack of prizemoney and infrastructure vision.

Under the scenario being played out now, if we thought Fine Cotton was the worst scandal to hit Queensland racing, wait until the Palaszczuk Government signals correct weight. Like many before him, Racing Minister Stirling Hinchliffe is a dud.

He has no idea, and is the second worst racing minister in Australia behind the lamentable Martin Pakula, the Victorian who presided over the greatest doping scandal in the sport’s history. But at least Victoria invests in prizemoney and new facilities.

The problem is simple. The Queensland Government is prepared to take the taxation it earns from gamblers betting on the horses, dogs and trots, but it won’t reinvest it to keep the industry viable.

It’s all take and no give.

Let’s take the greyhound industry as an example. This week 10 years ago to the day, the Bligh government closed the Gold Coast Greyhound Racing Club at Parklands to make way for a new hospital. Nothing wrong with that. Then her treasurer Andrew Fraser announced that Greyhounds Queensland would get $10 million in compensation to build another track. The Pentecostal church nearby would get $3.6 million and the Salvation Army about $2 million to relocate. Guess what?

The Pentecostals and the Salvos got their money but a decade later, the greyhounds have received a big, fat doughnut. Nothing. Zip.

Now we have an industry in southeast Queensland with two tracks, both antiquated, and neither do anything for the welfare of greyhounds.

Where is the money, Minister Hinchliffe? Where is the money for a new state-of-the-art thoroughbred racing facility on the Gold Coast so the tourist strip can host night meetings, and take the burden off Doomben and Eagle Farm? Where is a new harness facility so Albion Park can be redeveloped by the industry to give it a long-term fiscal return?

The Eagle Farm debacle has made Queensland a laughing stock. And now the Palaszczuk Government is about to make us even less competitive by introducing a consumption tax on corporate bookies at double the rate being introduced in NSW and Victoria.

The Point of Consumption (PoC) tax will be on every dollar of revenue, and will be levied in addition to product fees, GST and company tax. It will make Queensland one of the world’s highest taxing jurisdictions for punters.

The likely scenario is that the new tax will be levied against corporate bookies at 15 per cent, despite both NSW and Victoria agreeing on 8 per cent. Corporate bookies will simply shun Queensland racing and their enormous marketing and prizemoney support will be withdrawn.

Why would they support a government that doesn’t support them?

The worst thing about this new PoC tax is that nobody in government will guarantee that the proceeds – as much as $40 million – will go directly back into racing.

Once again, punters and the industry are being played for mugs. If the consumption tax is introduced at 15 per cent, surely all monies raised should go back into the beleaguered industry. This is where Minister Hinchliffe has no idea. He refuses to even talk about the consumption tax, saying it’s a Treasury issue.

Mr Hinchliffe should be banging on the table at Cabinet, advocating not only an 8 per cent tax, but also for all revenue to go back into racing.

Where’s the advocacy? Where’s the passion?

For example, Ladbrokes, since its inception in 2013, has continually supported and invested in Queensland, adding more than $30 million annually to the economy. It employs more than 300 people, contributes millions to Racing Queensland, and supports Queensland sport with sponsorship of the Broncos and the Bullets and before that, the Roar and the Titans. The Sunday Mail understands that if the Government does not follow the Victorian lead, Ladbrokes will need to reconsider its investment in Queensland.

At the very least, Ladbrokes will need to shift its sponsorship and marketing spend out of Queensland to jurisdictions where a competitive wagering product is offered.

This will redistribute revenue from the Queensland racing industry at a time when it’s at its lowest ebb, and is already struggling to compete with NSW and Victoria. It is astounding that the Queensland Government would even consider a further impediment to the sustainability of Racing Queensland.

South Australia, which has a 15 per cent consumption tax, is reviewing that figure after corporate bookies essentially abandoned the state.

This all comes on top of an extraordinary decision by Racing Queensland in 2014 to strike a product agreement with TattsBet, probably the worst deal in Australian racing history.

The Albion Park redevelopment is crucial so Racing Queensland can use the money it receives in annual rent to run its business and reduce its reliance on state funding.

The Government will point to a recent $15 million prizemoney announcement for country racing, which is a good thing. But it’s a drop in the ocean for an industry that employs thousands of people, generates billions of dollars in wagering revenue and, in many cases, is the lifeblood of the local township.

The Palaszczuk Government has a clear choice. It can continue the mediocrity or it can aim up and give the racing industry a much-needed funding boost to build new tracks and ensure its future sustainability.

Racing Queensland needs certainty – and it needs more money. Corporate bookmakers need a level playing field.

Why should we play second fiddle to NSW and Victoria on anything?ENDS

Whoever the editorial writer is he omitted to mention that Parklands was a dual facilty for harness and greyhounds while justifiably going into bat for the dishlickers he neglected to mention Harness racing got zilch when the GCHRC was kicked out so for that omission I'm going to give him The Wooden Spoon Award..there's a couple of other contradictory statements which I'll give him a pass on .


Giddy Up :beer:

Offline JayDee

  • class1
  • User 2614
  • Posts: 11
« 2018-Jun-06, 12:58 AM Reply #1652 »
The future for racing in QLD just continues to decline in a way where I now question its ability to ever recover. And for christ’s sake can we as an industry just recognize once and for all that the post of racing minister in modern times is only ever in a figurehead capacity. Factional favours within both political parties (especially the ALP) just delivers our industry dud after dud. So much so they haven’t had enough power to order a pen from stationary without a permission slip. So let’s as an industry call out the real power brokers at the government coal face like Jackie Tradd etc. Our media representatives need to apply pressure to these individuals and industry representatives need to bypass the hapless Hinchliffe. And for once in a lifetime the industry as a whole must unite to argue the case. In my opinion it’s unite and fight or move South.

Offline PoisonPen7

  • Group 1
  • User 55
  • Posts: 19302
« 2018-Jun-06, 08:55 AM Reply #1653 »

He's had a few jobs in a short time you would think he wouldn't be up for the job unless his package is a lot better than he was getting from Tatts......the last time I looked the UBET guy in QLD was on a high six figure earn and Parnell was a few steps ahead of him and he'll be on a lot more than Darren Condon......has a big task ahead if he is able to help put RQ out of the doldrums he'll earn whatever it is they offered.


Media guy. The politicians love putting media people in these roles. They can share their obsession with telling everyone how well something is going when it clearly is not.

And Arsenal points out, not a pillar of vocational stability is he?

I suppose we should give him a  fair go. If he masters the balancing act of not surrounding himself with "yes men" and at the same time being able to delegate to people who can make an informed decision he might make a good leader.  :bulb:

Online Arsenal

  • VIP Club
  • Group 1
  • User 194
  • Posts: 14542
« 2018-Jun-13, 09:37 AM Reply #1654 »
Fears point of consumption tax may prove untimely hurdle for wagering
TRENTON AKERS
 
THE State Government will forge ahead with plans to slug the wagering industry more than $350 million in a move that could see global giants move their products interstate.
The State Budget yesterday revealed Treasurer Jackie Trad would ignore pleas from the racing and wagering industry to implement a point of consumption tax at 8 per cent instead of a “ludicrous” 15 per cent. The budget also revealed the scope of the tax would be widened to include all wagering operators, not just those who offer online services.
Racing industry leaders Victoria have implemented a similar tax at 8 per cent with NSW to reveal their amount as early as today.
Ladbrokes Australia CEO Jason Scott said the tax would see the wagering giant pull sponsorship and promotions from Queensland products, throwing the Government’s ambitious projections into doubt with turnover expected to dive as a result.
“We have been supportive of Queensland and the Queensland racing industry for some time now,” he said.
“In Queensland we employ 360 staff, sponsor the Brisbane Broncos and sponsored the Brisbane Bullets last season. We will redirect our marketing spend and make Queensland racing less of a priority.”
The government, however, left open the door for funds from the tax to flow back into the industry with the budget revealing Racing Queensland could receive compensation.
Initially projected to pull in just $30 million a year, the point of consumption tax is expected to net $71 million in the upcoming financial year after its implementation on October 1. It is then projected to jump to between $96 million and $101 million over the following three years.
***********************************************************************************************************************************************************************************************************
Tax a mixed bag for racing
NATHAN EXELBY
RACING EDITOR ANALYSIS


PLEASING: Brendan Parnell.

THE Government yesterday left the window open for racing to secure its share of the Point of Consumption tax but any windfalls could be offset by wagering providers baulking at Queensland’s now formidable tax rate.

Modelling has the tax delivering the Government a tick over $70 million in 2018-19, increasing to $101 million by 2021-22. But how Queensland’s tax can justify being almost twice the rate of Victoria’s remains anyone’s guess.

After Victoria announced its 8 per cent POC price last month, key wagering service providers gave an undertaking to continue their support of the racing industry.

The extent of the fallout for Queensland racing could hinge on what rate NSW goes with, an announcement on which is expected any day, but bookmakers have warned their returns to industry will be drastically reduced by a rate of 15 per cent. The example of South Australia (which went in at 15 per cent last year) proves that to be the case.

The other burning issue for Queensland racing is what part of POC receipts – if any – government directs back to the industry.

Weekend speculation suggested there would be nothing in a POC for racing, but that stance had seemingly softened, based on statements made in the budget paper.

It said Government was consulting with racing “regarding appropriate measures, including support for the industry”. Racing Queensland chief executive Brendan Parnell said the decision to defer the introduction of the tax to October 1 provided an opportunity for RQ to engage the Government on how the taxation revenue would best support Queensland racing and the community.

“It’s pleasing to see the Government is listening carefully to the issues raised by all industry stakeholders on how POC tax receipts on racing could be applied to benefit the industry and to enhance racing’s economic and social contribution to the state,” he said.

“We believe that a tax on racing should be used to fund racing, as a tax on sport should be used to fund sport. RQ looks forward to continuing to work with our Racing Minister and the Treasurer on this critical issue.”

The campaign run by the racing industry – albeit at the very stroke of midnight – has clearly made some impression on Government.

Now, it has been given a lifeline to lobby further before the deadline.

It’s not overstating the point to suggest the success or failure of that campaign will go a long way to determining the fate of Queensland’s three racing codes.


Giddy Up :beer:



BACK TO ALL TOPICS
Sitemap