Racefields legislation passed

Treasurer and Racing Minister Andrew Fraser said State Parliament has today passed legislation that will pave the way for the introduction of ‘race fields’ fees in Queensland.

“The Government had no choice but to introduce the legislation after New South Wales unilaterally implemented similar fees earlier this year,” Mr Fraser said.

“This legislation will allow a fee to be charged on all Queensland racing product,creating a level playing field with their counterparts in NSW.

“Without this legislation, our racing industry would suffer to the tune of millions of dollars.

“That’s not a price we’re willing to see them pay.

“Queensland’s racing bodies will determine what rate will be applied. NSW charges 1.5%, and I’d expect Queensland’s fee to be in that vicinity.

“As has been previously announced, the Bill will be retrospective to 1 September 2008. This will bring the operation of the ‘race fields’ legislation in line with NSW.

“Other states are simultaneously implementing legislation from 1 September.

“The revenue gathered from ‘race fields’ fees will go straight back into the racing industry.’’

Media Contact (Treasurer’s office): 3224 5982 or 3224 6361