GOVERNMENT MOVES TO BOLSTER VICTORIAN RACING
Source: Victoria. Minister for Racing. Media Release
"The Brumby Labor Government will introduce amending legislation to Parliament soon to further protect Victorian racing industry revenue, Deputy Premier and Racing Minister Rob Hulls said. Mr Hulls said the amendment followed a recent Supreme Court decision in which TAB Ltd challenged the legality of Racing Victoria Ltd (RVL) and Greyhound Racing Victoria to charge fees in accordance with a formula based on gross revenue.“As a consequence of this recent Supreme Court decision, uncertainty has been created about the way in which Victorian racing charges wagering operators for betting on our racing,” Mr Hulls said.“The Government will be removing any uncertainty to make clear its policy intention that anyone who profits from Victorian racing makes a reasonable contribution towards the costs of putting on the show.”Mr Hulls said the legislation would be introduced as soon as possible and would ensure racing codes could charge a fee for the use of race fields based on a commercial formula.“The amending legislation will apply from 4 September 2008, when the relevant provisions commenced in the original race fields legislation which was pioneered by this Government and followed by all other states,” Mr Hulls said."