NZ racing nomination fee drop to save $1.2m a year

The removal of a $50 fee for to a greater extent than or less race nominations inwards New Zealand is expected to relieve racehorse owners to a greater extent than than $1.2 1000000 a year.

New Zealand Thoroughbred Racing (NZTR) has removed the $50 nomination fee from all races below rating 75, from March 1. There volition hold upwardly no nomination or credence fees for horses that nominate, convey as well as showtime inwards all maiden, rating 65, non-black-type two-year-old, three-year-old, four-year-old, as well as exceptional weather races.

NZTR Chairman Matthew Goodson said: “This conclusion follows the New Zealand Racing Board’s (NZRB) rattling welcome annunciation of an growth inwards its forecast net turn a profit for FY13 as well as a projected growth inwards distributions to the 3 Racing Codes of $135 1000000 (from $134 million), as well as continues our phased novel construction of racing as well as prizemoney, which nosotros started inwards March 2012, designed to maximize champaign sizes for domestic as well as international wagering across the week, as well as to encourage ownership.”

Neil Oldfield, President of the New Zealand Thoroughbred Racehorse Owners Federation (NZTROF) expressed his please as well as support, on behalf of owners, for this initiative.

“The NZTR Board must hold upwardly congratulated for next through on their stated intent to take nomination fees for these races as well as to cut owners costs, as well as the NZRB Board for increasing its profitability as well as pay-out to the industry,” he said.

“New Zealand Thoroughbred Racing has delivered on its aim, fix out inwards its 2013-15 Business Plan, to cut possessor costs past times supporting to a greater extent than or less elements of costless racing.”

The alone fees payable for maiden, rating 65 as well as non-black-type two-year-old, three-year-old, four-year-old, as well as exceptional weather races are equally follows:

• $57.50 (including GST) non-acceptance fee when a nominated Equus caballus does non convey for the race;
• $57.50 (including GST) non-acceptance fee as well as a scratching fee equivalent to 0.75% (plus GST) of the sum prizemoney for that degree of race when a Equus caballus accepts only scratches earlier statement of the rider;
• $57.50 (including GST) non-acceptance fee as well as a scratching fee equivalent to 0.75% (plus GST) of the sum prizemoney for that degree of race, addition a rider’s appointment fee of $57.50 (including GST) when the passenger has been declared for a horse, which is later scratched, provided that the passenger is non later declared for to a greater extent than or less other Equus caballus inwards the same race.

 

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