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Racing Victoria moves to turnover-based product fee model

12th April 2012 10:09 am GMT

Following the lead of New South Wales, the Australian state of Victoria has confirmed it will adopt a turnover-based product fee model for horse racing, in place of its current funding model based on gross revenue.

Racing Victoria confirmed earlier today that it will move to a turnover-based product fee model based on 1.5 per cent of turnover, increasing to 2 per cent during the months of October and November when the popular annual Melbourne spring [...]

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