Racing Qld calls forum as reform plan rolls on

A FORUM for all three racing codes has been scheduled for next month as Racing Queensland works with the government on reforms for the industry as part of the next wave of funding emanating from last year’s point of consumption tax negotiations.

The government committed $26 million to the thoroughbred industry, and subsequently additional funding for greyhound and harness racing, in October last year.

The first $19 million was injected immediately, but the remaining $7 million per annum (and a similar portion for the other codes) is subject to the industry making significant reform to ensure its ongoing viability.

Racing Minister Stirling Hinchliffe said he believes there is a “renewed feeling of confidence in the industry” following the recent prizemoney increases and the return to racing at Eagle Farm.

The minister wants to “build on this momentum”, he said.

“I’m pleased that racing participants have recognised the need for industry reform,” Mr Hinchliffe said.

“I’ll be hosting an industry forum next month with racing participants from all three codes that seeks to build on these positive developments.

“I’m confident that we can reach consensus on further reforms that need urgent consideration to position the racing industry for the future.

“Potential reforms include increased TAB meetings and changes to the training track subsidies, along with improved governance measures and constitutional arrangements for race clubs.”

The sustainability of the racing industry was a key negotiation point when thoroughbred representatives met with government in October.

There has been some heated debate between clubs and Racing Queensland on how the new order will look, with funding to clubs one of the big sticking points.