Page 4150 - Week 13 - Thursday, 10 November 1994
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Following the extensive restructure of the racing and gaming operations within Victoria and the subsequent listing of TABCORP Holdings Limited, (the privatised Victorian TAB) it is conceivable that TABCORP may move to adjust the level commission deducted from its totalizator pools as a competitive strategy to increase turnover.
Rather than a permanent reduction in the level of commission, TABCORP may use a strategy of reducing the deduction rate to promote a specific-bet type or particular race meeting to encourage increased turnover.
Such a strategy would enable TABCORP and other participants of the SuperTAB linked pools to provide a flexible and competitive alternative to the racing products offered by the NSW TAB and Queensland TAB.
The Government and ACTTAB must be in a position to have the flexibility to participate in such moves otherwise valuable opportunities to obtain a competitive edge and increase turnover will be lost.
If the legislative base does not provide the strategic flexibility to participate in these initiatives, ACTTAB would be forced to withdraw from the linked pool when variations to SuperTAB deduction rates occur
If a permanent reduction in commission rates was proposed, it would be a commercial decision of ACTTAB and the Government to determine if ACTTAB would remain in the linked pool arrangement.
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