Review of the Registered Clubs Industry in NSW - Clubs NSW

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E IPART’s methodology for recording and valuing clubs’ social contribution E IPART’s methodology for recording and valuing clubs’ social contribution The terms of reference require IPART to review the existing contribution of the registered clubs industry to the provision of social infrastructure and services. The terms of reference also require IPART to develop a methodology to identify and record the value of such provision both now and in the future. Under IPART’s recommended approach, the total value of this provision is calculated as the sum of the following components: Direct, cash contributions made to charities, community and sporting related activities. Direct, in-kind contributions through provision and maintenance of community and sporting facilities and infrastructure (eg, bowling greens, gyms, tennis courts as well as meeting rooms and other venues). Contributions from club volunteers for activities not accounted for in direct inkind contributions. As discussed in Chapter 4, IPART’s methodology acknowledges indirect contributions qualitatively rather than quantitatively. E.1 Methodology for recording the provision of social infrastructure and services E.1.1 An overview of the proposed methodology ClubsNSW currently publishes the results of a four-yearly socio-economic impact study (SEIS) conducted by the Allen Consulting Group (ACG) on its behalf. The SEIS collects information from registered clubs through a comprehensive industry survey. The ACG uses this information for various analyses, including an assessment of industry contribution. ClubsNSW has provided IPART with data from the ACG survey to calculate its own estimate of the value of the clubs industry’s contribution to the provision of social infrastructure and services. 238 IPART Review of the Registered Clubs Industry in NSW
E IPART’s methodology for recording and valuing clubs’ social contribution IPART recommends that the value of the clubs industry’s direct social contribution be calculated according to the following expression. Total direct social contribution = Total direct cash contributions plus Total direct in-kind contributions through provision of club facilities plus Total contributions from volunteers not accounted for in direct in-kind contributions IPART recommends a market value based approach to determine the value of direct in-kind contributions. This approach focuses on the opportunity cost in revenue a club foregoes through its provision of these contributions. It calculates the difference between the commercial or market value of the product, less the price charged by the club, to determine the club’s direct social contribution. Where a club provides the product at no charge, the commercial or market value represents the total direct social contribution. The equation below illustrates how the market value approach is applied: MV X – SP X = SC X where: MV X represents the market value of product X SP X is the club sale price for product X SC X represents the measure of direct in-kind social contribution for the provision of product X. Review of the Registered Clubs Industry in NSW IPART 239
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Independent Pricing and Regulatory
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© Independent Pricing and Regulato
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Contents 6 Strengthening the financ
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Executive Summary Executive Summary
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Executive Summary estimated the val
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Executive Summary Therefore, IPART
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Executive Summary However, IPART al
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Executive Summary List of Recommend
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Executive Summary 15 Once the stand
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Executive Summary 29 That ClubsNSW
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Executive Summary 46 That ClubsNSW
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Executive Summary 60 That OLGR deve
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1 Introduction 1 Introduction Over
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1 Introduction 1.1.2 Review’s foc
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1 Introduction 1.2 Other reviews an
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1 Introduction 1.3 The structure of
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2 The registered clubs industry in
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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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7 Improving clubs’ financial repo
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8 Establishing a Club Viability Pan
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9 Improving corporate governance Th
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9 Improving corporate governance IP
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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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Page 229 and 230: A Terms of reference A Terms of ref
Page 231 and 232: A Terms of reference The proc
Page 233 and 234: B Terms of reference checklist Term
Page 235 and 236: C List of submitters, roundtable pa
Page 241 and 242: D Gambling expenditure and problem
Page 243 and 244: D Gambling expenditure and problem
Page 245: D Gambling expenditure and problem
Page 249 and 250: E IPART’s methodology for recordi
Page 255 and 256: F ACG’s approach to measuring the
Page 261 and 262: G ClubsNSW - steps to establishing
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Page 265 and 266: Glossary and Abbreviations Glossary
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Review of the Registered Clubs Industry in NSW - Clubs NSW

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