Indicative NZ Thoroughbred Funding Policy to clubs for 2012/2013 Season
(Compared to 2011/2012 Funding Policy)
Note that elements of the below, including the exact NZRB and NZTR funding and charging mechanisms remain work in progress and could be subject to be further change. All aspects of the Funding Policy will also remain subject to confirmation of funding from the NZRB and the final decision of the NZTR Board on 26 July 2012.
2011-2012 Funding Stream | 2012-2013 Funding Model (Indicative) | Stakes Matrix (from 1 March 2012) | Unchanged at present (applies to full season) | Group and Listed minimums (from 1 March 2012) | Unchanged (applies to full season) | Iconic and 3 year old classic race funding of $800,000 across 7 races. | Same amount of total funding ($800,000) proposed to be reallocated across 10 total races run at the same clubs, to make returns to owners on these races more transparent. | Per meeting funding based upon Meeting type, $15k for Premier and Feature, $16.5k for Tier 2 Feature and Industry (from 1 March 2012) | Increased to a flat Meeting Fee of $16,500 for all meetings. | $7.85 million on-course funding paid to clubs on the basis of relative on course totalisator and on-course racing fixed odds betting sales, including intertrack. Overall on-course funding equivalent to approximately 20%. | 17% on-course funding paid to clubs on the basis of relative on course totalisator and on-course racing fixed odds betting sales, including intertrack. | Carnival Racing Support $160k x 5 Carnival events. | $100k x 5 Carnival events. | No Venue Category based payments | Payment of Venue Minimum Standard support of $3,500 per meeting conducted at Strategic venues and $1,500 per meeting conducted at Significant venues (see table overpage) | Special Interest Funding ($100k) | Same amount to be paid, not yet allocated. NZTR will consider all applications received by 5 September. Clubs will be expected to at least match any additional stakes funding provided | Jumping meeting support funding $2,500 and jump race stakes schedule. | Unchanged, some jumps race meeting, race and stake alterations. | Income from nomination and acceptance charges to owners for Group and Listed/early entry races paid to clubs. | Unchanged. | $50 + GST nomination fee for all non Group and Listed races paid to NZTR. | Unchanged at this time. | 0.75% acceptance fee for Rating 75 races and above and a 0.75% scratching fee for races below R75 paid to NZTR. | Unchanged. | NZRB servicing charges (On-course, Trackside and Radio) absorbed by NZTR Funding Policy. | Unchanged at this time. | NZTR race meeting administration charges (Racing Bureau, Handicapping, Registrations, IT) absorbed into NZTR expenses. | Unchanged at this time. | Strategic Training Centre funding subsidy | Unchanged | Cost of swabbing attendants, veterinarian and stenographer subsidised by NZTR. | These officials to be employed directly and their costs covered by the RIU. NZTR subsidy to clubs to be removed. | Cost of starting veterinarian paid by clubs. | This official
