Racing identities Bob Bentley and Bill Ludwig and eight other former Racing Queensland board members have been referred to the corporate watchdog.

Ten former Racing Queensland (RQ) board members have been referred to the corporate watchdog following an inquiry into the management of the industry.

Attorney-General Jarrod Bleijie said on Saturday that it would be up to the Australian Securities and Investments Commission (ASIC) to decide whether further action is taken.

The move comes less than a month after the Queensland Racing Commission of Inquiry delivered its findings to the government and made scathing findings about the conduct of former RQ chairman Bob Bentley and former RQ board member Bill Ludwig.

Commissioner Margaret White recommended Mr Bentley and Mr Ludwig be referred to ASIC.

A key allegation is that the men may have breached their duties by failing to resolve a deal between RQ and gambling giant Tattsbet.

That issue is currently before the Supreme Court in Brisbane, with RQ alleging it’s owed up to $130 million by Tattsbet in access fees paid by corporate bookies.

Justice White also recommended eight other racing identities be referred to the watchdog for investigation.

They are former RQ board members Tony Hanmer, Bob Lette, Brad Ryan, Wayne Milner, and Kerry Watson and former RQ executives Sharna Reid, Malcolm Tuttle and Paul Brennan.

Lawyers for Mr Bentley, Mr Ludwig, Mr Hanmer and Mr Milner last week released a four-page response to the inquiry’s findings.

They claim the $3 million inquiry failed to investigate a number of significant management issues and the government “conveniently cut off” the terms of reference for the inquiry in April last year.

They say the Queensland attorney-general’s description of Racing Queensland pre April 2012 as “the dark days of racing” shows an unbalanced reading of the commission’s 488-page report.

The response states that “wild accusations” about millions and millions of dollars being spent by Racing Queensland on certain projects had not been substantiated.