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 V SF is the annual market value per single facility. Market values for the provision of gymnasiums were estimated by multiplying the average gym membership (Australian figure available only) with the market value for annual participation, where IPART’s estimated market value is equivalent to the annual sum of revenue generated per gymnasium. This is expressed through the equation: (2) ( AM FA x MV AP ) = V G where: AM FA is the average gym membership size (as reported by Fitness Australia) MV AP is the market value for annual participation (ie, annual gym membership) V G is the annual market value per gymnasium. Market values for the provision of billiard tables were estimated based on an assumption of 20 hours of usage per table per week and an observed hourly market rate for billiard table use. IPART estimated the annual market value for a billiard table by multiplying the weekly usage for a table by the hourly market rate, accounting for the 52-weeks in a year. The estimated market value is equivalent to the annual sum of revenue generated. This is expressed through the equation: (3) WU PT x HR x 52 = V BT where: WU PT is the estimated usage per table per week HR is the hourly market rate V BT is the annual market value per billiard table. Market values for the provision of meeting rooms/entertainment halls and accommodation were estimated by multiplying the ABS room occupancy rate with the market value for the meeting/motel room rate (based on three star accommodation for motel rooms), accounting for the 365 days per year. The estimated market value is equivalent to the annual sum of revenue generated per meeting/motel room. This is expressed through the equation: (4) OR ABS x MV RR x 365 = V PR where: OR ABS is the ABS room occupancy rate MV RR is the market value room rate 244 IPART Review of the Registered Clubs Industry in NSW
E IPART’s methodology for recording and valuing clubs’ social contribution V PR is the annual market value per room. The resulting low, midpoint and high market values are shown in Tables E.2 (metropolitan values) and E.3 (country values). Table E.2 Estimated market value of club facilities – metropolitan Market value per facility ($’000) Facility Low Midpoint High Bowling green 30 45 60 Gym 558 1,059 1,560 Sporting field 14 57 100 Golf course 1,589 2,868 4,147 Swimming Pool 258 314 369 Tennis court 10 16 22 Squash court 12 20 29 Billiard table 6 6 6 Meeting room/hall 41 84 126 Entertainment venue/hall 41 84 126 Accommodation 26 37 48 Table E.3 Estimated market values of club facilities – country Market value per facility ($’000) Facility Low Midpoint High Bowling green 7 14 22 Gym 558 1,059 1,560 Sporting field 4 45 85 Golf course 68 142 216 Swimming Pool 74 210 347 Tennis court 10 16 22 Squash court 12 20 29 Billiard table 6 6 6 Meeting room/hall 46 57 69 Entertainment venue/hall 46 57 69 Accommodation 17 27 37 Review of the Registered Clubs Industry in NSW IPART 245
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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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10 Helping clubs better understand
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11 Making it easier for clubs to am
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Page 201 and 202: 11 Making it easier for clubs to am
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Page 215 and 216: 13 Removing unnecessary regulatory
Page 221 and 222: 14 A framework for a management pla
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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 247 and 248: E IPART’s methodology for recordi
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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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