A Bill was introduced into State Parliament on 15 May that will enable the sale of the Western Australian TAB.
The Bill includes a historic reform package for the Western Australian racing industry. In addition to being significant beneficiaries of the point of consumption tax, the sale of the TAB will ensure the industry receives the same operational funding levels, as well as 35 per cent of sale proceeds set aside for a dedicated racing infrastructure fund.
"This will ensure the sustainability and prosperity of the industry into the future," Racing and Gaming Minister Paul Papalia said.
The introduction of the Bill follows extensive and constructive consultation between the Government and industry, including metropolitan and regional forums, and takes into consideration 107 written submissions in response to a discussion paper released last year. Once the Bill is passed, the Government will commence the sale process.