June 24, 2008

Australian racing interests put the cost of the country's equine influenza outbreak at $A1 billion.

The Australian Racing Board (ARB) estimate does not include the cost of eradication efforts and support to the industry given by the government in the wake of the outbreak which began in August last year.

The ARB says the $1b estimate results from:

On top of that, the federal government has so far spent more than $A342 million eradicating the virus and in financial assistance to individuals, organisations and businesses.