LNP Shadow Minister for Racing John-Paul Langbroek has called on the Premier to urgently step in to avert strikes on Cox Plate and Melbourne Cup days following failed negotiations between the industry and the Labor Government.
Mr Langbroek said it was time for the Premier to show support for the industry today by providing an iron-clad guarantee that the industry would receive income from the Point of Consumption Tax.
"There's just days until the planned strikes and so far the Labor Government has shown no interest in offering a fair deal to an industry contributes $1.2 billion to the Queensland economy," he said.
"Under Labor, Queensland has the highest Point of Consumption Tax in the country, and yet unlike other states, the government is refusing to offer a guaranteed stream of income from the tax to sustain the industry.
"These strikes are proof that the industry is losing confidence in a Labor Government that is happy to take revenue from them, but refuses to reinvest it into supporting the industry.
"The Racing Minister and Treasurer continue to drag their feet on this issue, so it's now up to the Premier to ensure that the racing industry isn't bled dry."
Mr Langbroek said it was vital for the Labor Government to support an industry that provides income to so many families.
"Just under half of the economic value racing generates in our state comes from the regions, and these are the places that will be some of the hardest hit Labor's lack of support for the industry," he said.
"I have been to country race meetings, most recently in Bowen, and there is no doubt that they provide a boost to businesses, tourism, and local morale, so it's vital that this industry is supported by the Labor Government.
"It's time for Labor to pull its socks up and ensure that Queensland racing is no longer trailing New South Wales and Victoria."