RACING AND WAGERING WESTERN AUSTRALIA —
INDUSTRY FUNDING
922. Hon COLIN HOLT to the minister representing the
Minister for Racing and Gaming:
I refer to Racing and Wagering Western
Australia's distribution to the racing industry.
(1) Can the minister please provide a breakdown of the
budget projections of funding sources for the distribution of $182.3 million
to the racing industry in 2020–21 from —
(a) WA TAB profits;
(b) race field fees;
(c) the point-of-consumption tax;
(d) cash reserves; and
(e) other activities, and please
define each activity?
(2) How much was
distributed to the industry in 2019–20, and could the minister please
provide a breakdown of the funding sources for this distribution, including the
amount from —
(a) WA TAB profits;
(b) race field fees;
(c) the point-of-consumption tax;
(d) cash reserves; and
(e) other activities, and please
define each activity?
Hon
ALANNAH MacTIERNAN replied:
I thank the member for the
question. The following information has been provided to me by the Minister for
Racing and Gaming.
(1) Apart from
race field fees and point-of-consumption tax, the level of detail requested by
the member is not publicly reported, as detailing previous budget allocations
or projected budget allocations that fund the distributions to the level of
detail requested would disclose competitive and commercially sensitive
information about the WA TAB, which operates in a highly competitive
environment, and therefore would potentially compromise the WA TAB's
competitive position.
(2) As race field fees and point-of-consumption tax
are provided in Racing and Wagering Western Australia's annual report, which will be tabled in Parliament
this year, I can advise that the total industry funding for 2019–20
was $162 million. Noting that the figures are from the unaudited year and are
subject to change, the amount is made up of $25 million in point-of-consumption
tax receipts and $93 million in race field receipts, along with additional
funding from a combination of profits made by WA TAB and other funding sources.