Last chance for Labor to support the racing industry

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Business Business & Economy Money & Finance Political Queensland Government


The Palaszczuk Labor Government has until close of business today to offer a fair deal to the racing industry or see more unprecedented state-wide TAB racing strikes in addition to tomorrow's Cox Plate Day.

LNP Shadow Racing Minister and Surfers Paradise MP John-Paul Langbroek joined with the Gold Coast Turf Club today to make a last-ditch plea to the Labor Government to provide a guaranteed stream of revenue from the Point of Consumption Tax to the industry.

"Annastacia Palaszczuk must come out today and provide an iron-clad guarantee that the industry will receive revenue from Labor's Point of Consumption Tax as is done in Victoria and New South Wales," Mr Langbroek said.

"The Labor Government will make $367 million from the racing tax over the next four years but will only excuse Racing Queensland of some debt and provide a one-off infrastructure fund, with absolutely nothing on offer for the gallops.

"Racing stakeholders such as the Gold Coast Turf Club don't take these strikes lightly, in fact, tomorrow's strike will cost the club around $300,000 with more planned for Melbourne Cup day.

"The Racing industry involves over 40,000 people Statewide, injects $1.2 billion into Queensland's economy, and has a profound impact on regional communities throughout our State, and yet Labor is bleeding them dry.

"Labor has dragged their heels on this issue, and now we're seeing the dire consequences of their inaction."

Gold Coast Turf Club Chairperson Brett Cook said the unprecedented strikes were necessary given the impact that the lack of investment will have on the racing industry.

"The racing industry is in crisis and we need the Government to understand our problems," Mr Cook said.

"A part of this new racing tax revenue needs to go back into the industry for prize money.

"This is about grassroots prize money and the fact this state is getting left in the barriers."

LNP : Liberal National Party :
PO Box 940, Spring Hill QLD 4004, Queensland Wide
07 3844 0666
07 3844 0388
LNP :  Liberal National Party
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