Wednesday, 28 November 2012 - 4:46pm
I'm having a hard time believing that the revenue from coin-operated light switches figured very prominently in the Group Cex Club's calculations here.
The overwhelming incentive for clubs to support so-called "intra-clubs" is the pokie tax rebate rort, aka. ClubGRANTS. The parent club works out how much pokie tax it doesn't want to pay, invoices it's intra-clubs for that amount - ostensibly for the services it provides to them - and immediately "donates" the money back. The NSW government then obligingly deducts the pretend value of these "donations" from the club's pokie tax bill.
It's a neat little swindle, but sadly it does have it's limits, and in this case it turns out not to be worth $50,000. Sorry, snooker players; you've outlived your usefulness.