Review of the Registered Clubs Industry in NSW - Clubs NSW

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Executive Summary websites, including publicising CDSE-funded projects on club websites and in annual reports. 80 8 That ClubsNSW encourage smaller clubs below the CDSE threshold to participate in a CDSE local committee process. 80 9 That the Office of Liquor, Gaming and Racing (OLGR) provide greater support for local CDSE committees through an annual conference for committees and provision of support materials on issues such as priority-setting, decision-making and conflict resolution procedures, and information to clubs on valuing in-kind contributions. 81 10 That the CDSE Scheme guidelines be amended to: 83 – advise that a market value approach should be used to value the provision of inkind CDSE 83 – include a more comprehensive explanation of in-kind valuation. 83 11 That ClubsNSW encourage clubs to measure, record and report on their social contributions to their members and to ClubsNSW, by developing a Best Practice Guideline on reporting social contributions. 84 Chapter 6 Strengthening the financial viability of the registered clubs industry IPART recommends: 12 That any future changes in Government policy affecting the revenue stream from gaming machines be preceded by consultation with the clubs industry to determine the likely impact of the proposed changes. 89 Chapter 7 Improving clubs’ financial reporting and performance benchmarking IPART recommends the following to improve financial reporting and benchmarking in the registered clubs industry: 13 That a standardised reporting format or formats for financial management accounts be prescribed in the Registered Clubs Regulation 1996 for clubs with annual gaming machine revenue of less than $5 million and that: 112 – Clubs be granted an exemption from this requirement only if they can show that their existing reporting format for financial management accounts can produce the necessary business efficiency and financial viability measures to submit to the Club Viability Panel. 112 – The standardised format may vary, with different requirements for clubs with annual gaming machine revenue less than $1 million and those with annual gaming machine revenue between $1 million and $5 million. 112 14 That the Club Viability Panel (see Recommendation 26) be asked to develop and recommend the standardised reporting format(s) to the Minister for Gaming and Racing. 112 10 IPART Review of the Registered Clubs Industry in NSW
Executive Summary 15 Once the standardised reporting format(s) have been approved by the Minister, that: 112 – Clubs with annual gaming machine revenue of less than $5 million be required to submit one set of financial management accounts in their current format to the Club Viability Panel. 112 – The Club Viability Panel undertake a high-level review of these financial management accounts to determine whether the club already complies or is exempt from the requirement to use the standardised reporting format on the grounds that its existing format can produce the necessary business efficiency and financial viability measures. 112 16 Where clubs are required to adopt the standardised reporting format, that those with annual gaming machine revenue of less than $1 million be given two years to comply, and those with annual gaming machine revenue between $1 million and $5 million be given 18 months to comply. 112 17 That clubs which have difficulty complying with the requirement to adopt the standardised reporting format due to resource constraints be eligible to apply for funding via the Club Viability Panel to make the necessary changes. 112 18 That all clubs monitor the following business efficiency measures: 116 – Gaming revenue as a percentage of total club trading revenue. 116 – Wages as a percentage of total gaming revenue. 116 – Net contribution as a percentage of total gaming revenue. 116 – Revenue per gaming machine. 116 – Departmental revenue as a percentage of total trading revenue. 116 – Departmental gross profit as a percentage of departmental revenue. 116 – Departmental wages as a percentage of departmental revenue. 116 – Departmental net contribution as a percentage of total departmental revenue. 116 – Total club wages as a percentage of total trading revenue. 116 19 That all clubs measure the following financial viability measures: 116 – EBITDARD %. 116 – Working capital surplus/(deficiency). 116 – Operating cash flows/working capital deficiency. 116 – Operating cash flows/borrowings. 116 – Capital expenditure/operating cash flows. 116 20 That the Club Viability Panel be asked to develop and recommend to the Minister for Gaming and Racing a suite of business efficiency and financial viability measures appropriate for clubs with annual gaming machine revenue of less than $5 million, using the measures outlined in Recommendations 18 and 19 as a starting point. 121 Review of the Registered Clubs Industry in NSW IPART 11
Page 1: Independent Pricing and Regulatory
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Page 6 and 7: Contents 6 Strengthening the financ
Page 9 and 10: Executive Summary Executive Summary
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Page 13 and 14: Executive Summary Therefore, IPART
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Page 17: Executive Summary List of Recommend
Page 21 and 22: Executive Summary 29 That ClubsNSW
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Page 27 and 28: 1 Introduction 1 Introduction Over
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3 Understanding the social contribu
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4 Measuring and reporting on club c
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5 Refining the Community Developmen
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6 Strengthening the financial viabi
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8 Establishing a Club Viability Pan
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10 Helping clubs better understand
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11 Making it easier for clubs to am
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12 Making it easier for new clubs t
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13 Removing unnecessary regulatory
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14 A framework for a management pla
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A Terms of reference A Terms of ref
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A Terms of reference The proc
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B Terms of reference checklist Term
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C List of submitters, roundtable pa
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D Gambling expenditure and problem
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E IPART’s methodology for recordi
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F ACG’s approach to measuring the
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G ClubsNSW - steps to establishing
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G ClubsNSW - steps to establishing
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Glossary and Abbreviations Glossary
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Review of the Registered Clubs Industry in NSW - Clubs NSW

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