Sorry I was in a rush. What I meant to say was that if the Australian Exchange stopped or no longer offered racing there is no way Betfair UK would offer it due to the turnover tax. It would be too much trouble.

IMO I think that if the exchanges were to close then there would be a far bigger push politically to enforce the bookmakers to have a high minimum liability. The amount of turnover that would drop off because bookies would not take professionals bets would force the horse racing industry to back the punters demands for a higher minimum liability (or no liability).