This proposal has 3 components.

Component 1 would place a temporary levy of 1% on all betting turnover related to commercial horse racing with effect from 1 July 2022 to 30 June 2024.

Component 2 would establish a taskforce within the Department of Agriculture, Water and the Environment over a period of four years from 1 July 2022.

The taskforce would be responsible for:

• designing and implementing a national ban on commercial horse racing, including the shutdown of all commercial horse racing activities
• developing a plan to transition commercial horse racing facilities to open green spaces
• developing a transition plan for workers currently employed in the industry to transition out of the industry and find new work
• assisting in the rehabilitation and rehoming of horses
• designing and implementing a levy on all wagering related to horse racing.

Component 3 would commence from 1 July 2022 and would:

• end intensive factory farming in Australia by:
  • banning cage egg production and sow stalls
  • enforcing free range standards for all animals
  • improving food labelling laws to help identify free range and cruelty free products.
• provide transitional funding to assist workers impacted by the end of intensive factory farming.

The total amount of transitional funding provided would be equivalent to the net impact from Components 1 and 2.