Review of the Registered Clubs Industry in NSW - Clubs NSW

8 Establishing a Club Viability Panel
8.4.1 Facilitating clubs’ transition to standardised reporting format
As discussed in section 7.1, IPART recommends that the Club Viability Panel
develop a standardised reporting format or formats for clubs’ financial management
accounts, and recommend this format to the Minister for Gaming and Racing
(Recommendation 15).
Once approved, clubs with annual gaming revenue of less than $5 million would be
required to use the format (Recommendation 14). To help with the transition to the
new formats, these clubs would be required to submit a set of financial management
accounts in their current format to the Panel so it can determine whether this format
is consistent with the new standardised format, can produce the same outcomes and
is therefore exempt, or whether the club is required to change to the new format
(Recommendation 16).
Both developing the standardised reporting format, and assessing clubs’ current
reporting format would be ‘one-off’ tasks for the Panel.
8.4.2 Producing industry benchmarks and communicating them to the industry on
an annual basis
As discussed in section 7.3, IPART recommends that the Panel undertake the
following activities in relation to benchmarking:
Developing and recommending to the Minister for Gaming and Racing a suite of
business efficiency and financial viability measures (Recommendation 20), which
clubs with annual gaming machine revenue of less than $5 million would be
required to report annually (Recommendation 21).
Receiving annual data from the clubs on these measures. (Clubs themselves will
be required to calculate the measures and submit them to the Panel; the adoption
of the standardised reporting format will facilitate this calculation)
(Recommendation 21).
Using the data submitted by clubs to calculate industry-wide benchmarks for each
measure, and segment these benchmarks by club size, type and location to allow
clubs to compare their performance with ‘like’ clubs (Recommendation 22).
To communicate the benchmarks, IPART considers that the Panel should:
Issue an automated report to each participating club indicating how its
performance on each measure compares to the rest of the industry. This report
would not include any analysis of the implications of the club’s performance.
Publish a table of industry-wide benchmarks including any segmentation by club
size, type and location.
While developing and recommending the suite of measures would be a ‘one-off’ task
for the Panel, the benchmarking and communication process would be undertaken
on an annual basis.
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