TAB to be sold off

Southern Gazette (South Perth) - - Front Page -

THE State Gov­ern­ment will sell the State-owned TAB and use the pro­ceeds to re­tire debt and fund ma­jor new projects.

This was de­tailed in the State’s 2015-16 Bud­get, an­nounced last week.

Pre­mier Colin Bar­nett sup­ports the sale. “The de­ci­sion to pur­sue a sen­si­ble pro­gram of as­set sales will en­able the Gov­ern­ment to build new in­fra­struc­ture to sup­port growth with­out putting fur­ther pres­sure on the State’s fi­nances,” he said.

Trea­surer Mike Na­han said while the 2014-15 State Bud­get showed a pro­jected op­er­at­ing deficit of $1.3 bil­lion, this would fall to $788 mil­lion when the Fed­eral Gov­ern­ment’s $499 mil­lion for road in­fra­struc­ture flowed to the State.

“This is a good out­come for West­ern Australia. We will build the For­rest­field line, we will get the rolling stock and re­duce debt,” he said.

Bel­mont MLA Glenys God­frey said she would not sup­port the sale.

“I am yet to be con­vinced that the sale of the TAB is in the best in­ter­ests of the rac­ing in­dus­try in West­ern Australia, con­sid­er­ing that the main rea­son for its ex­is­tence is to guar­an­tee in­vest­ment into rac­ing in­fra­struc­ture,” she said.

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