05 Jul 066 Horse racing industry mailoutThe ATO advises that horse racing is one of the industries identified by it as a high-risk sector of the cash economy. A national mailout to stablehands, track-riders and trainers in the thoroughbred racing industry in June and July 2006 will outline the compliance strategies used by the ATO, including its data-matching program. The mailout is being undertaken jointly by the ATO and principal racing authorities in each state. The information will be included with annual licensing renewals.
For a copy of the ATO advice and more information, go here