A COMMISSION of Inquiry will look into the Queensland racing industry under the former Labor government.
Attorney-General Jarrod Bleijie says serious allegations had been raised over the past few weeks.
"We heard almost daily more allegations of more money being thrown around by the former Labor government and the former bosses of Queensland racing," he said.
"There is no use-by date for justice."
He's concerned Contour Engineers won tens of millions of dollars in work, however only one job went to tender.
There have also been reports the former government approved more than $20 million in payments to the company in its final days.
The inquiry, which starts on July 1, will run for three months and cost $3 million.
The commission has been directed to examine the tender process, whether there were conflicts of interest at Racing Queensland, the renegotiation of contracts of senior staff, and the $20 million paid to Contour Engineers two days before the Labor administration went into caretaker mode.
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