Victoria Opposition Leader Ted Baillieu
Millions In Unclaimed Dividends To Be Returned To Racing And Breeding Industries
Victor P Taffa
A Victorian Liberal Nationals Coalition Government would in its first term provide an extra $40 Million to boost Victorian Breeding Industries and improve racetracks, Coalition Leader Ted Baillieu said today.
Mr. Baillieu said a Coalition Government would allocate all of the unclaimed dividends collected each year by the State Government to the Victorian racing industries. Totalisator customers currently have six months to claim their winnings after which, it is returned to consolidated revenue.”
“Each year about $14 Million is taken from Victorian Punters by the State Treasury in the form of unclaimed dividends.” Mr. Baillieu said.
“These are winning TAB tickets which punters have lost or forgotten to claim within the required six month period.”
Mr. Baillieu said this money belonged to Victorian racing, not the State Treasury, and a Coalition Government would re-invest 100 % of unclaimed dividends back into racing.
“The Coalition will provide $10 Million to boost funding via the very successful VOBIS*, GOBIS and VICBRED schemes.” Mr. Baillieu said.
“These schemes promote and support the Victorian Thoroughbred, Greyhound and Standardbred Breeding Industries.”
“These breeding industries generate significant economic benefits and jobs across Regional and Rural Victoria.” Mr. Baillieu said.
Mr. Baillieu said $30 Million would be provided to improve Race Tracks, Facilities for Racing Patrons and Racing Infrastructure across the State.
“The Coalition strongly supports a vibrant and growing Racing Industry.” Mr. Baillieu said.
“We understand that racing contributes significantly to the Victorian economy and provides around 70,000 jobs, many in country Victoria.”
“Our initiative will boost our breeding industries and help improve Racing Facilities.” Mr. Baillieu said.
*VOBIS – Victorian Owners and Breeders Incentive Scheme, GOBIS – Greyhound Owners and Breeders Incentive Scheme, VICBRED – Standardbred Racing and Breeding Incentive Program