TAB up for sale

What they promised

“we won’t be selling utilities as has been speculated, so there won’t be a sale of the Water Corporation or Western Power or Verve or the TAB”

- Colin Barnett 25 September 2013 6PR

What they say now

“In line with our announcement at last year’s Budget, we will continue to pursue the sale of the TAB”

- Mike Nahan 14 May 2015

24 Jul 2015 - The Liberals are breaking their promise not to sell off the TAB..

In 2013, following the loss of the State’s AAA credit rating, the Liberals told West Australians, “we won’t be selling utilities as has been speculated, so there won’t be a sale of the Water Corporation or Western Power or Verve or the TAB”.

However it was quickly overturned in the Budget speech in May 2014 when new Treasurer Mike Nahan said “The Government’s continuing ownership of the Perth Market Authority, the TAB and the Water Corporation’s assets, such as its wastewater treatment plants, will also be reviewed.”

In the 2015 Budget speech the Treasurer confirmed  that:

 “In line with our announcement at last year’s Budget, we will continue to pursue the sale of the TAB”.

Numerous industry figures from other states have warned of the consequences of privatising state-owned bookmakers on government finances and local racing industry jobs. 

Robert Roulston the chairmen of the Victoria’s peak thoroughbred racing body was reported in The West Australians as being the latest interstate industry figure to warn WA against privatising the TAB. The West Australian 7 February 2015

Furthermore, there has been controversy over the expected price the TAB will be sold for, ranging from the Premier’s initial prediction to Parliament of $1b to WA Treasury’s estimate of less than $200m. The West Australian 13 April 2015
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