Tasracing has launched an industry consultation paper under the title 2020 And Beyond.

CEO Dr Eliot Forbes said Tasracing would be implementing a new five-year strategic plan next year and it was vital industry participants had their say on its content.

“Following the stakes reset earlier this year, it is important that we quickly move to identify and implement strategies that will build industry confidence,” he said.

“Tasracing will also need to address infrastructure issues following a period of limiting non-essential projects for cash flow purposes.”

Dr Forbes said the consultation paper has outlined key trends and suggested some possible strategies.

“We are encouraging industry participants to provide a written response for each strategy, including general comments and answers to specific questions posed,” he said.

“It is true that the racing industry locally and nationally is facing many challenges, but at the same time there are exciting opportunities available to us because of our increasingly connected digital world.”

Following the release of the consultation paper this week, usual quarterly industry forums will be held in November and December which will provide an opportunity for meeting attendees to provide feedback

Written submissions are invited from all interested stakeholders and will be accepted up until 5pm on 6 January 2016.

Feedback received during the consultation process will be considered and discussed with shareholders.

The Tasracing Corporate Plan 2017-2021 will be released in July 2016.