Full time Equivalent Employment

FULL-TIME
EQUIVALENT
EMPLOYMENT

There are more than 159,000 individuals directly involved in thoroughbred racing nationally. As outlined earlier, this is a statistical construct that takes into consideration participants, volunteers and employees (full time, part time, casual and contractor).

In 2016/17, the economic activity generated by the thoroughbred racing industry directly sustained 32,801 full time equivalent positions in Australia. In addition to the direct employment impact, the activities of the thoroughbred racing industry also help to sustain a further 39,136 FTE jobs in support industries. Therefore, the total direct and indirect employment impact generated by thoroughbred racing was 71,937 FTE jobs.

The thoroughbred racing industry relies on a large amount of part time and casual labour. Further to that, it employs a large number of people in roles that are not plentiful in the marketplace (such as activities relating to training and breeding). The FTE positions that are sustained by thoroughbred racing resulted in more than $5,016.5 million in wages and salaries for the people employed directly as well as those employed in

other down the-line industries that receive increased demand as a result of racing. Some examples of the other industries that are stimulated by racing include; veterinary, feed, retail, tourism, accommodation, transport and construction.

TAXATION IMPACT

The thoroughbred racing industry Industry generates more than $800 million in taxes from its racing, wagering and business activities. In total, state governments directly receive more than $530 million in taxes from sources including; gaming taxes, wagering taxes, employee taxes, land taxes and stamp duty.
The federal government receives more than $269 million in taxes from income taxes and retained GST. Under the federal government fiscal equalisation policy, much of this is returned to the states The following chart illustrates the breakdown of these taxes for state and federal governments:
STATE
TAXES
FEDERAL
TAXES
TOTAL
Victoria
$233,685,977
$92,152,196
$325,838,174
New South Wales
$184,602,287
$85,299,837
$269,902,124
Queensland
$38,087,508
$45,368,592
$83,456,100
South Australia
$11,958,525
$14,402,204
$26,360,729
Tasmania
$1,359,539
$3,843,125
$5,202,663
Western Australia
$40,899,670
$14,824,003
$55,723,674
Australian Capital Territory
$5,818,927
$9,227,988
$15,046,915
Northern Territory
$13,756,821
$4,774,149
$18,530,969
TOTAL
$530,169,254
$269,892,094
$800,061,348