The ACT Government is making a substantial investment in Canberra’s clubs to help diversify their business models away from gambling based revenue to models that support our community.
The Gambling Legislation Amendment Bill 2019 introduced to the Legislative Assembly today creates a Diversification and Sustainability Support Fund.
The Government expects this fund to generate $2 million over 2019-20 made up of contributions from clubs matched dollar for dollar by the Government.
“The fund will be made up of contributions from club licensees based on the number authorisations held at the venues, providing an incentive for unused authorisations to be divested,” Minister Ramsay said.
“Clubs are places that support their local communities through sport, culture, and through social connections and are not just places to gamble.
“The establishment of this fund will help raise the capacity of clubs to look to a sustainable long term future.”
The contribution rate for the first 99 authorisations held at a club venue will be $20 per month, rising to $30 per month for each authorisation over this.
The establishment of the Diversification and Sustainability Support Fund continues the Government’s implementation of the Pathway to 4,000 Gaming Machine Authorisations and responds to the ACT Club Industry Diversification Support Analysis report prepared by Neville Stevens AO in 2018.
“This is another example of this government’s commitment to support clubs to strengthen and diversify their businesses, so they can continue their important contribution to the life of our community,” Minister Ramsay said.
- Statement ends -
Section: Gordon Ramsay, MLA | Media Releases
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