Queensland thoroughbred racing bodies are reportedly ready to strike following a point of consumption tax funding announcement by the state government.
The state’s point of consumption tax (POC), which was rolled out on October 1, dictates that bookies will be hit with a 15 per cent tax on revenue generated by Queensland-based punters.
The tax is expected to generate $70 million in its first year alone, but the thoroughbred industry in the sunshine state is unhappy with how the yields from the POC tax will be divided.
The Courier Mail reported that a letter will be sent to Queensland Premier Annastacia Palaszczuk, Racing Minister Stirling Hinchliffe and Treasurer Jackie Trad proposing an intention to take industrial action at Doomben, Gold Coast and Toowoomba on Cox Plate day (October 27) and Melbourne Cup day (November 6).
The letter cites a “lack of both financial and emotional interest” in the Queensland racing industry.
“We have taken the approach that discussion and negotiation is no longer viable, and that the only way we can make our point is unfortunately through industrial action which is being requested vocally by our participants,” the letter reportedly reads.
“We formally advise the Queensland government of our total dissatisfaction with the lack of both financial and emotional interest in our industry, a concern that has been ongoing for many years but reached an all-time high with the recent announcements on the distribution of the point of consumption tax.”
The letter echos the sentiments of high profile Queensland racing identities.
Leading trainer Robert Heathcote said the POC tax threatens to leave the state behind.
“We are falling further and further behind NSW and Victoria. There is a real danger the industry here will become a second-rate backwater unless we act,” Heathcote told AAP.
“The whole industry has been dealt a raw deal for too long. We have to fight and I will be there in the forefront.”
Following Heathcote’s comments, trainer Bryan Guy took to Twitter to vent his frustrations.
“It’s a shame the (Queensland government) has pushed the industry this far. For years the (Queensland Racing) industry has been a hard working tax payer for the state but now in our time of need they turn their backs on the industry.” Guy tweeted.
It’s a shame the @QldGov has pushed the industry this far. For years the @racing_qld industry has been a hard working tax payer for the state but now in our time of need they turn their backs on the industry. The industry has gone well past the crossroads and needs help
— Bryan Guy (@BryanGuyRacing) October 4, 2018
Betting Site will keep updated as the saga continues.
Victoria to ban bonus bets at online bookmakers from May 26
Sportsbet sees the funny side of $5m election gaffe
NSW sanctions multiple bookmakers over illegal bonus offers
Best AFL Round 7 Same Game Sportsbet multi tips – Geelong vs...
2019 AFL Round 7 betting – Western Bulldogs vs Richmond odds &...
2019 AFL Round 7 betting – GWS Giants vs St Kilda odds...
2019 AFL Round 7 betting tips – Collingwood vs Port Adelaide odds
Libs makes ground in 2019 Australian federal election betting markets