Ann: Trading Update, Cost Initiatives & Sydney Strategic Review, page-575

Yep fair enough, it may go through unchanged anyway. That may not be the worst thing in the world if SGR finally knew where it stood, was able to restructure its debts as necessary and make suitable changes to its business model. SGR is still in a position where it has positive EBITDA and money in the bank from its capital raise and asset sale, so it has some time to address the above.

However considering how utterly easy it would have been to have this pass NSW Parliament at any point in the past 6 months, the fact that they haven't - or haven't even announced a date for a bill to be put forward - is somewhat telling. The previous Liberal Govt didn't give a toss about what SGR thought of it so why should the current NSW Labor government?

Implementation would include various things - when it kicks in, how much they pay and when in the year they do so, it they can claim some money back in other ways (as casinos can in Victoria) - that would make things better or worse for SGR.