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Tabcorp Holdings Limited and its subsidiary UBET Qld Limited have been served by Racing Queensland over POC tax related fees.

Tabcorp, UBET and Racing Queensland were unable to come to an agreement in regards to the calculation of fees following the introduction of point
of consumption tax in Queensland which has prompted Racing Queensland to make a claim with the Supreme Court of Queensland.

Tabcorp said they intend to defend its position vigorously.

Tabcorp’s media release:

Tabcorp Holdings Limited and its subsidiary UBET Qld Limited (together the Company) have been served this afternoon with a statement of claim by Racing Queensland.

Racing Queensland is seeking damages and other relief under two arrangements, including the principal document governing the arrangements between Racing Queensland and UBET Qld Limited. The claim has been lodged in the Supreme Court of Queensland.

The Company understands that the dispute relates to the calculation of fees following the introduction of point of consumption tax in Queensland.

The Company is currently reviewing the issues raised and the relevant legal claims made by Racing Queensland and will update the market in due course. Pending further analysis and review the Company expects to defend its position vigorously.

 
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