Gaming machines. Smoking bans. Gaming taxes. These factors alone have significantly affected the operations and growth of our clubs, both positively and negatively.
the rules are changing. competition is intense. what do you do?
PKF’s specialist advice will keep you informed. We help you understand the requirements and challenges of today’s club land. We assist in making your growth positive by addressing and responding to changes before they happen.
What we do
Our team have practical experience and technical know-how to develop plans for where the industry is headed - and how it affects your club. We know what’s around the corner and what it means for you.
Our services include audit, accounting, taxation and consulting. We can assist you with business planning, feasibility and operational reviews, market analysis, economic and social impact assessments and statutory compliance.
Market analysis and financial assessments
With the clubs and gaming industry now so competitive, PKF can provide a review of a club’s competitors and assess potential developments. This involves independent reviews of venue operations, industry standards and financial projections. We will show you where your club fits in relation to the others. We also take into account economic and social factors - changes to legislation and that can have on the local and wider community.
Licence applications
Government regulations throughout Australia require clubs to provide a qualitative and quantitative analysis on the impact of liquor and gaming applications. This can be quite a process. PKF can help by taking you through all the necessary requirements and make sure your licence application is approved.
Business planning
When it comes to business planning, we can assist you with providing to your stakeholders a clear direction for the business. This includes the facilitation and documentation of planning sessions.
To provide you with the best service and advice we often work in conjunction with other PKF specialist teams:
- Audit and Assurance for assistance with corporate governance issues, code of conduct, corporations act, accounting and audit.
- Business Reconstruction and Insolvency Solutions for assistance with future amalgamations and restructure.
- The Indirect Tax team who are currently providing detailed advice to a number of major clubs.
Our experience
Our team have many years experience in providing services to the clubs industry. This ranges from small bowling and cultural clubs, to medium size RSLs and Memorial Clubs, right through to large sport and recreational clubs.
PKF has also completed a detailed review of the New South Wales Club Industry on behalf of the New South Wales Premier’s Department and the Registered Clubs Association.
The role of PKF in this assignment was to conduct the following procedures:
- Preparation and distribution of a detailed survey form to all New South Wales Registered Clubs.
- Establishment of a database of all relevant information.
- Detailed reporting on survey findings inclusive of statistical analysis, community impact studies, and financial effect analysis of the proposed gaming tax increase.