Bathurst's Mount Panorama motor racing circuit would be allowed to host five events each year instead of the two now permitted under legislation introduced to NSW Parliament.
The proposed changes to the Mount Panorama Motor Racing Act 1989, introduced on Tuesday night, would significantly boost tourism and the regional economy, NSW Tourism Minister Sandra Nori said.
"In the past four years, the NSW and Commonwealth governments, and circuit owner Bathurst Regional Council, have invested $24 million in developing the facilities at Mount Panorama," she said.
"Allowing up to an extra three races each year will enable Bathurst Regional Council to get maximum return on this major investment for the region."
Mount Panorama currently contributes an estimated $27 million annually and 630 jobs to the regional economy, Ms Nori said.
The bill also contains increased penalties for unsafe or foolish acts.
Bathurst MP Gerard Martin supported the bill.
source -
http://news.ninemsn.com.au/article.aspx?id=147655