Review of the Registered Clubs Industry in NSW - Clubs NSW

More documents

Recommendations

Info

E IPART’s methodology for recording and valuing clubs’ social contribution E.1.2 Measurement of representative club type contribution IPART’s valuation used data from ACG’s survey of clubs to aggregate representative club contributions. As discussed above, indirect contributions are acknowledged qualitatively rather than quantitatively. Volunteer hours do not include those associated with the provisions of facilities and services valued in the total direct inkind contributions term. IPART’s valuation involved the following steps: 1. Developing representative club types (RCTs). IPART used 40 RCTs to represent the variations of four club types (bowling, golf, RSL and other), five commonly used size categories (which use gaming machine revenue (GMR) as a measure of club size) and either a country or metropolitan location. For example, RCTs were developed for country-based bowling clubs that generate between $200,000 and $1m GMR and metropolitan-based RSL clubs that generate between $5m and 10m GMR. The number of RCTs was selected by balancing whether there were enough clubs sampled within a category and also whether combing categories would aggregate the contributions to a level where the number/type of facilities were not consistent with IPART’s observations. 2. Calculating the value of direct cash contributions made by each RCT. IPART divided the total cash contributions made by the number of clubs surveyed in each RCT. 3. Calculating the value of the direct in-kind social contribution made by each RCT for the provisions of community infrastructure and facilities. IPART undertook the following four steps: a) identifying market prices for each of the facilities provided by clubs b) identifying the sale prices for each of the facilities provided by clubs c) identifying the number of community facilities, such as bowling greens, meeting rooms, billiard tables, etc, provided by each RCT category d) applying equation 1, and using club numbers in each RCT sample to estimate each RCT’s ‘typical’ per club provision of community facilities. 4. Summing the value of direct cash contributions and direct in-kind contributions for each RCT to obtain an estimate of the total value of club contributions for each RCT. 5. Scaling up the result of the total social contribution for each RCT based on appropriate statistical weightings to obtain a value for the total industry social contribution. 240 IPART Review of the Registered Clubs Industry in NSW
E IPART’s methodology for recording and valuing clubs’ social contribution IPART notes the following issues concerning this methodology: Market values for different products differ based on factors such as location, type and quality of product. Therefore, where appropriate, IPART developed a range of market values for metropolitan and country facilities. Market values cannot be estimated for some club-provided facilities. IPART recommends that no market values be attributed to these products and the contributions associated with them be acknowledged qualitatively. Club sale prices and annual sale quantities have not been collected by ACG as part of the survey. IPART therefore recommends an alternative calculation of direct in-kind social contributions. The following sections explore how IPART has accounted for these difficulties. E.1.3 Overcoming measurement difficulties with a representative club type contribution Market values differ based on location, type and quality of product IPART observed that the market prices of club-provided facilities vary based on location, type and quality of service. Ideally, there would be a survey of market prices for each of the facilities to develop an understanding of the distribution of market prices. Given that this was not practical, IPART accounted for these differences by reporting a range of market values for each of them. IPART obtained market prices for a sample in both metropolitan and country locations for each of the facilities. For some products (for example, tennis courts), very little difference was observed and thus similar market prices have been applied to metropolitan and country locations. Based on this sample, IPART developed a high and low estimate range of market values. IPART notes that these values do not necessarily reflect the absolute low and high values for these facilities, but are likely to reflect the average low and average high prices for a typical club-provided facility. IPART calculated and reported a total value based on the midpoint of the ranges estimated. Market values cannot be estimated for some club facilities For a variety of club-provided facilities, IPART was either unable or did not consider it appropriate to estimate a market value on a per facility basis. These facilities are listed in Table E.1. Review of the Registered Clubs Industry in NSW IPART 241
Page 1:
Independent Pricing and Regulatory
Page 4 and 5:
© Independent Pricing and Regulato
Page 6 and 7:
Contents 6 Strengthening the financ
Page 9 and 10:
Executive Summary Executive Summary
Page 11 and 12:
Executive Summary estimated the val
Page 13 and 14:
Executive Summary Therefore, IPART
Page 15 and 16:
Executive Summary However, IPART al
Page 17 and 18:
Executive Summary List of Recommend
Page 19 and 20:
Executive Summary 15 Once the stand
Page 21 and 22:
Executive Summary 29 That ClubsNSW
Page 23 and 24:
Executive Summary 46 That ClubsNSW
Page 25 and 26:
Executive Summary 60 That OLGR deve
Page 27 and 28:
1 Introduction 1 Introduction Over
Page 29 and 30:
1 Introduction 1.1.2 Review’s foc
Page 31 and 32:
1 Introduction 1.2 Other reviews an
Page 33 and 34:
1 Introduction 1.3 The structure of
Page 35 and 36:
2 The registered clubs industry in
Page 37 and 38:
Page 39 and 40:
Page 41 and 42:
Page 43 and 44:
Page 45 and 46:
Page 47 and 48:
Page 49 and 50:
3 Understanding the social contribu
Page 51 and 52:
Page 53 and 54:
Page 55 and 56:
Page 57 and 58:
Page 59 and 60:
Page 61 and 62:
Page 63 and 64:
Page 65 and 66:
Page 67 and 68:
Page 69 and 70:
Page 71 and 72:
Page 73 and 74:
Page 75 and 76:
Page 77 and 78:
4 Measuring and reporting on club c
Page 79 and 80:
Page 81 and 82:
Page 83 and 84:
Page 85 and 86:
Page 87 and 88:
5 Refining the Community Developmen
Page 89 and 90:
Page 91 and 92:
Page 93 and 94:
Page 95 and 96:
6 Strengthening the financial viabi
Page 97 and 98:
Page 99 and 100:
Page 101 and 102:
Page 103 and 104:
Page 105 and 106:
Page 107 and 108:
Page 109 and 110:
Page 111 and 112:
Page 113 and 114:
Page 115 and 116:
Page 117 and 118:
7 Improving clubs’ financial repo
Page 119 and 120:
Page 121 and 122:
Page 123 and 124:
Page 125 and 126:
Page 127 and 128:
Page 129 and 130:
Page 131 and 132:
Page 133 and 134:
Page 135 and 136:
8 Establishing a Club Viability Pan
Page 137 and 138:
Page 139 and 140:
Page 141 and 142:
Page 143 and 144:
Page 145 and 146:
Page 147 and 148:
Page 149 and 150:
9 Improving corporate governance Th
Page 151 and 152:
9 Improving corporate governance 9.
Page 153 and 154:
9 Improving corporate governance Bo
Page 155 and 156:
Page 157 and 158:
Page 159 and 160:
9 Improving corporate governance wh
Page 161 and 162:
9 Improving corporate governance Ne
Page 163 and 164:
9 Improving corporate governance IP
Page 165 and 166:
9 Improving corporate governance Ch
Page 167 and 168:
9 Improving corporate governance es
Page 169 and 170:
9 Improving corporate governance Re
Page 171 and 172:
9 Improving corporate governance 9.
Page 173 and 174:
10 Helping clubs better understand
Page 175 and 176:
Page 177 and 178:
Page 179 and 180:
Page 181 and 182:
Page 183 and 184:
11 Making it easier for clubs to am
Page 185 and 186:
Page 187 and 188:
Page 189 and 190:
Page 191 and 192:
Page 193 and 194:
Page 195 and 196:
Page 197 and 198: 11 Making it easier for clubs to am
Page 205 and 206: 12 Making it easier for new clubs t
Page 215 and 216: 13 Removing unnecessary regulatory
Page 221 and 222: 14 A framework for a management pla
Page 223 and 224: 14 A framework for a management pla
Page 225: 14 A framework for a management pla
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 247: E IPART’s methodology for recordi
Page 251 and 252: E IPART’s methodology for recordi
Page 253 and 254: 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
Page 263 and 264: G ClubsNSW - steps to establishing
Page 265 and 266: Glossary and Abbreviations Glossary
show all

Review of the Registered Clubs Industry in NSW - Clubs NSW

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?