Overview
- The government’s funding withdrawal aligns with the expiry of a 20-year Tasracing deed that initially provided about $27 million annually.
- Trainers and club officials have condemned the decision as a political ploy and warned it will undermine livelihoods of some 6,400 people.
- Crossbench MPs have threatened to withhold support for the minority Liberal government unless the phase-out plan is reversed.
- A parliamentary transition committee, advised by Racing Integrity Commissioner Sean Carroll, will oversee the wind-down and the RSPCA has warned rehoming 828 greyhounds will be an enormous task.
- An independent PBO analysis estimating Victoria could save $451.6 million over 10 years by ending subsidies has intensified calls for a national review of racing funding.