The principal objectives of the Company are –

(a) to perform its functions and exercise its powers so as to be a successful business by –

(i) operating in accordance with sound commercial practice as efficiently and effectively as possible; and

(ii) maximising the sustainable return to the State in accordance with the Company's business plan; and

(b) to promote the development of an efficient and effective racing and breeding industry; and

(c) to promote Tasmanian racing within the State and nationally, to encourage wagering on Tasmanian racing and to attract sponsorship income; and

(d) to perform any functions conferred by any other Act.