Page 1039 - Week 03 - Thursday, 10 March 2016

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b. As at February 2016, the Canberra Greyhound Racing Club had 151 members and eight full-time equivalent employees consisting of: two full-time staff; 20 casuals; and local contractors for steward, veterinarian, vision and accountant services.

c. The Memorandum of Understanding (MoU) between the Government and local racing industry sets out the shared principles and objectives that guide the relationship between government and industry. In signing the MoU, the racing clubs agreed to maintain strong integrity in their organisations, and to continue to conduct their activities in line with the requirements of relevant ACT legislation and the racing rules established by the peak bodies of each racing code. The MoU is intended to provide assurances to the Territory of the ongoing viability, integrity, governance, accountability and efficiency of the local racing industry.

Key performance indicators are prescribed under clause 7 of the MoU. Key indicators include:

efficient administration, promotion and maintenance of racing activities;

maintenance of integrity services including, but not limited to, adherence to the Australian Rule of Racing, Local Rules of Racing, the Racing Act 1999 (ACT) stewarding services and drug detection;

provision of optimum quality services and facilities to encourage participation by participants and spectators;

coverage of local and interstate race meetings through TAB agencies, quality or race meetings, stake monies and overall promotion to maximise the interest of offcourse investors;

specific opportunities taken to increase returns from wagering on racing activities; and

optimisation of external income streams.

The Government is considering options to formalise reporting against the key performance indicators as part of developing multi-year contractual arrangements with the industry in line with clause 8 of the MoU.

d. The allocation of budget funding, including funding support to the racing clubs, is governed by provisions set out under the Financial Management Act 1996 (the Act). Financial Delegations established under the Act provide for the authorisation of persons to commit and approve expenditure. The Act and its subordinate legislative instruments, such as the Financial Delegations, ensure that government budget appropriations are prudent, fiscally responsible, contribute to achieving budget priorities and achieve value for money.

e. Information is not collected on the percentage of government funding that contributes to staff remuneration or benefits.

Taxation—revenue and costs
(Question No 669)

Mr Smyth asked the Treasurer, upon notice, on 11 February 2016:


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