The Government will study the report, conducted by Roger Beale, for the next few weeks before releasing it and the Government's response publicly.

Federal Minister for Agriculture, Tony Burke, said he appointed the panel in February to conduct "an independent and wide-ranging review" of Australian quarantine and biosecurity.

"The panel spent considerable time talking with farmers, importers and exporters, transport operators, governments, environmental groups and other interested parties to get a full range of ideas on Australia’s quarantine and biosecurity arrangements," Mr Burke said.

"The report is a critical step in ensuring Australia’s quarantine and biosecurity system is as effective as possible."

It's delivery to Government comes just days after the horse industry was scared by a false alarm thought to be a positive test to equine influenza.

Fortunately after a second test, the sample was found to be negative and the industry was spared any similar devastation triggered by last year's outbreak which crippled all corners of the horse industry and brought racing, breeding and all other horse sports to a standstill.

"All the tests for equine influenza at the quarantine station have now concluded and the advice is that all horses from Eastern Creek are free of equine influenza," Mr Burke said last week.

"While those involved in quarantine must always remain vigilant, those who love the races can now get on with enjoying the Spring Racing Carnival."

Mr Burke said since the horse flu outbreak last year the Government had made it clear that close monitoring and strict enforcement of quarantine procedures was paramount and "that is unchanged".