Newspaper article Gympie Times, The Qld.

Race Industry Wants Its Share of PoC Tax

Newspaper article Gympie Times, The Qld.

Race Industry Wants Its Share of PoC Tax

Article excerpt

TURF TOPI

CS

BARRY FITZHENRY

Queensland Racing

THE Queensland Racing industry is apprehensively awaiting a decision by the Palaszczuk Government over the Point of Consumption tax.

This tax, at 15 per cent on wagering in Queensland, is due to begin on October 1 with about $71 million in revenue involved.

As yet the Government has not divulged if some of this money will go to the racing industry or all into government coffers. RQ has been negotiating with the Government to obtain a share of the PoC tax money, which it views as vital to the future of all three racing codes in Queensland.

New South Wales

THE NSW Government has granted about $40 million to the three racing codes in its state resulting in massive prize money increases across the board in NSW from the reported $25 million going to their racing industry.

Sydney metropolitan races will carry total prize money of $125,000 from September 1 with horses down to 10th place to receive a minimum of $3500.

Country TAB races are to be funded at $22,000 ($11,200 to winner) with a minimum of $500 for horses finishing down to 10th. In addition, strappers receive 1.5 per cent of prize money won by their charges. A $1.3 million race, the Kosciusko, has been instituted for country-trained NSW gallopers to be run on the same day as the $13 million Everest at Randwick.

Obviously unless the Queensland Government supports the Racing Industry by granting it some funds from the PoC Tax, racing in this state could face a grim future with horses, trainers and jockeys likely to head south of the border.

Jockey Gary Geran received a nine-day suspension on a charge of careless riding in Race 5.

Geran, on Environmental, was found to have allowed his mount to shift in near the 1300m mark, interfering with This is Livin'. …

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