South Australia no longer under the Turnover Charge!

[Naffman]

I just checked the turnover charge states in Australia and I found South Australia has changed its model and abandoned the Turnover Charge This is great news for Aussie traders, especially with Betfair and Qld getting into a little scuffle (check the Australian thread). I am going to email Betfair just to verify this SA news because I'm surprised there was no announcement of this as it is quite significant news. Anyways, hope this helps people.

[spreadbetting]

Thanks for highlighting that , I have software that omits those tracks can now change it

They've taken those tracks off the Turnover charge pages , quite a lot of tracks too

https://www.betfair.com.au/helpcentre/t ... racks.html

[xitian]

Any idea what they mean by 13% of gross revenue though?

[Naffman]

I think that is what Betfair pays out of the 6.5% commission we give them. So 13% of the 6.5% goes to racing SA. Just received confirmation that SA abandoned the turnover charge on 1st July. Time for Morphettville tomorrow!

[xitian]

Ah, I see. That's what Betfair pays! I should have read the top of the page properly!

That makes a lot more sense now. Thanks.

[Naffman]

I have also seen NSW have got ridden of the turnover charge for greyhound racing, hopefully this is a sign of things to come.

[Wyndon]

As a consequence of my dabbling with Aussie racing, I've just received a turnover charge warning form Betfair. I've no wish to have be saddled with an unknown charge each week. I know you can check individual races under the Rules section, but are the tracks without turnover charge listed any where in full? Are trading volumes significantly less on these tracks?

[spreadbetting]

Here's a list of the tracks, no idea on volumes all mine is automated

http://www.betfair.com.au/helpcentre/tu ... racks.html

[Naffman]

This is a page you could use to help you each day -http://www.betfair.com.au/helpcentre/tu ... racks.html

If you trade most days you will start remembering where every track is located and it should be easier to manage the TC.

[Wyndon]

Many thanks to both.