Racing Industry

In reply to Ms HILDYARD (Reynell) (26 July 2019). (Estimates Committee A)

The Hon. C.L. WINGARD (Gibson—Minister for Police, Emergency Services and Correctional Services, Minister for Recreation, Sport and Racing): I have been advised of the following:

The conditions of the grant offer relate to governance reform.

The three racing codes must ensure that they have a skill-based, independent board. A directors selection panel must be formed comprising five members, three of which are endorsed by the government. The Directors nominated by the directors selection panel will be referred to the Minister for Recreation, Sport and Racing for endorsement.

The codes must also review their governance practices against accepted governance frameworks, like those published by the Australian Institute of Company Directors and ensure that their board documentation, processes and practices are consistent with these best practice guidelines.