FROM THE PRESIDENT’S DESK

As members would be aware, the new Benchmark Programming and Handicapping model was introduced on 1 October 2009. At the time of launching, Racing NSW committed to conduct a comprehensive review of the new and innovative system in 2010. Following industry feedback some enhancements were made to the system which took effect on 1 November 2010.

For Country racing –

  • the reintroduction of Class 3 races
  • an increase to 59kg minimum topweight for handicap races to create a better spread of weights (maidens and 2yo’s excluded)
  • the introduction of win restricted races to separate multiple winners from lightly raced horses
  • a discretionary weight allowance of 0 to 3kg to be applied by handicappers for country horses competing in Metropolitan races.

For all sectors –

  • an extra 1kg allowance for 3yo’s in staying races against older horses 1800m+
  • the spreading of weights at Acceptance time if the top weights don’t accept for the race (Maidens and 2yo’s excluded)
  • the publishing of benchmarks for maiden horses after 10 starts (moved back from 3 starts)

At the time of announcing these changes Racing NSW committed to conducting a six month review of the overall system including the changes introduced.

Accordingly as the Association has been asked by Racing NSW to respond on behalf of members, I am writing to members to request their participating in responding to that request. For your information, Racing NSW has listed the following general points when calling for submissions: Please include in your response any statistics, comments or examples of your viewpoint. If you wish you can also provide general answers to the following 3 questions:

  • How has the system worked for you?
  • What parts of the system didn’t work?
  • What would you change?

If you are interested in contributing to the Association’s response, it would be appreciated if you could do so by either email nswroa1@ozemail.com.au or by facsimile (02) 9299 3212.

Please note that responses are required by 25 May 2011.

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ANNUAL GENERAL MEETING

As Members are now aware, the forty-sixth Annual General Meeting of the NSW Racehorse Owners Association Limited (ACN 000 498 859) has had to be postponed. I confirm that an election and a ballot is now required for the appointment of Directors of the Association as a result of responses to the Notice of Annual General Meeting.

Accordingly, the Annual General Meeting will now take place on Monday 30 May 2011. The time and the venue will remain the same for the Annual General Meeting, ie. 6.00pm in the Barbarian Room, 3rd Floor, The Rugby Club, Rugby Place, off 31A Pitt Street, Sydney.

I advise that the Association has received eight nominations for the six Director positions available and hence the reason for an election and ballot.

Current Directors who retire pursuant to Article 38(b) and offer themselves for re-election are John Vouris and Christopher Keogh.

Current Directors who have filled casual vacancies during the year and offer themselves for re-election pursuant to Article 44 are Peter Beer, Louis Mihalyka and Thomas O’Callaghan.

New nominations for position of Director are Bruce Cowell, Julia Ritchie and Judith Foley.

I advise that the relevant Ballot Paper and accompanying return addressed envelope have been sent. Instructions for voting are as follows:

1. Only six (6) directors are to be elected.
2. Strike out/erase the names of the two persons you do not want elected.
3. On the back of the enclosed envelope, print your name in block letters and quote your membership number.
4. Place this voting paper in the addressed envelope enclosed, seal it and post it to the address thereon, NSWROA, GPO Box 1506, Sydney NSW 2001

Votes will be counted at the Annual General Meeting of the Association on 30 May, 2011 and the result of the ballot will be announced at that meeting.

In order to assist with catering arrangements, it would be greatly appreciated if members attending the AGM could advise the office by either email nswroa1@ozemail.com.au or by telephone (02) 9299 4299.

Michael Inglis
Secretary

NB: Should members have any questions regarding the Annual General Meeting, please do not hesitate to contact myself on 0419 412 107.

CARRAZZO SYDNEY SEMINAR PREVIEW
– HOT TOPICS IN HORSE TAX

Over the many years I’ve been consulting to the horse industry, the NSW industry has easily been our greatest growth region – in fact I now consider myself an “honorary” New South Welshman, given how much time I now spend up there!

Accordingly, it’s always a pleasure to get up to Sydney and update the industry on the “hot topics” in horse taxation.

I’ll use this issue of the NSWROA Times newsletter to provide a sneak preview of what I’ll cover at the seminar and maybe you’ll consider a must to attend once you have worked through these topics.

New horse loss rules

Introduced in the 2009 Budget, these rules are aimed at making it more difficult for high income earners to be able to claim their horse losses immediately, given that a successful private ruling application is now required.

I’ll provide an update as to how the ATO are handling these ruling applications and pass on “tips” that will enhance your chances of a successful application.

Horse Tax Planning

We’ve just gone through an extended period of droughts, equine viruses, floods etc and there are tax concessions that can be used to reduce or defer tax and preserve working capital that invariably suffers as a result of these occurrences, of which I’ll discuss at length.

Superannuation funds can also be used to acquire necessary a horse business property due primarily to the change in the borrowing rules a few years ago, and we’ll be exploring the steps involved to make this happen and other related issues. I’ll also discuss what other horse assets a super fund can acquire.

Capital Gains Tax (“CGT”) and GST

Did you know there are special CGT rules relating to hobby owners and breeders and if proper structuring takes place CGT can be avoided on the sale of a horse?

I’ll also cover what items are included in the CGT cost base when a horse is sold – you won’t want to miss anything you are rightfully entitled to! The ATO released a document a few years ago on this topic which now greatly assists in this area.

We also discuss the core issues to do with GST, especially as to what the current registration rules are and some of the “silent” GST issues that affect horse owners and breeders.

Breeding property taxation

So many breeders with properties may “carve-off” some of their properties for sale, often with a significant profit purpose, e.g. future development. Do you know if this is subject to CGT and/or GST? How much will you pay? What costs can be included to reduce the profit?

Income tax issues surrounding the ownership of your breeding property are also raised, for instance how much of your property is subject to CGT when sold? How much interest can be claimed on a property loan?

Tax cases and Budget update

The landscape of the horse tax world is forever changing due to the principles that arise from the countless horse tax cases regularly decided. For instance, there was a landmark GST decision a few years ago called “Swansea”, the principles in this case making it far easier for otherwise “hobby” breeders to register for GST.

The Federal Budget is handed down only a month or so before the seminar, thus I always like to update the industry on what changes or proposals are relevant, for example, have the “write-off” rules changed? Are trusts going to be taxed differently? Are there now extra concessions for primary producers as a result of the recent floods etc?

This year we’ll also comment on the new project that the ATO have just embarked upon re the proper claiming of tax losses by what is known as SME, i.e. “Small Medium Enterprise”. Due to the vagaries of the racing and breeding industry, tax losses are very common, especially in the early years, thus the industry should always take special notice if the ATO launches special projects focusing on tax losses.

For the record, the ATO defines an SME as:

• High wealth individuals, including those in control of more than $30m in net assets.
• Wealthy Australians with net wealth of $5m to $30m
• Non-Profit and Government Organisations
• FBT across all market segments
• AN SME (Small to Medium Enterprise) is an enterprise with annual turnover of $2m to $250m.

Stock write-downs

Always a crowd pleaser at my seminars, there is so much to say about these special horse stock concessions (for stallions and mares), yet industry players (and their advisers!) seem to know so little about them, especially in relation to their proper application.

Now that we have new NCL loss rules for high income earners to deal with (see above), it is well worth discussing when applying these rules could be detrimental to a breeder’s tax position.

Horse Deductions

I work through a comprehensive list of deductions that every industry player should know about, always updated for recent developments.

50% Tax Break and Racing

These generous deductions relating to business plant were introduced in the midst of the GFC and are still relevant for the 2010 and 2011 tax years. How do they relate to the horse industry? Are the “big ticket” infrastructure items on a breeding property eligible for these concessions? Can racehorses attract this tax break? We work through these issues in detail.

Business v Hobby – what now?

The last 5-10 years has seen the ATO take an unprecedented interest in the horse industry, highlighted by a special industry audit, the introduction of the new NCL loss rules and an escalation in industry BAS verification activities.

These activities have certainly bought the issue of “Business v Hobby” into sharp focus and it’s been quite interesting to see how the ATO have reprioritised and changed the main “business” factors. It’s always well worth covering these at my seminars, especially for the many accountants who invariably attend.

You are welcome to contact Paul Carrazzo if you wish him to clarify or expand upon any of the matters raised in this article. Contact details for Paul appear under.

DISCLAIMER: Any reader intending to apply the information in this article to practical circumstances should independently verify their interpretation and the information’s applicability to their particular circumstances with an accountant specialising in this area.

PAUL CARRAZZO CPA
CARRAZZO CONSULTING CPAs

22 BLACKWOOD ST, NORTH MELBOURNE VIC 3051
TEL: (03) 9329 7044
FAX: (03) 9329 8355
MOB: (0417) 549 347
E-mail: paul.carrazzo@carrazzo.com.au
Web Site: www.carrazzo.com.au

NSWROA RACE SPONSORSHIP AT MURRUMBIDGEE TURF CLUB’S
WAGGA WAGGA GOLD CUP CARNIVAL

As members might recall as part of the Association’s commitment to support our country colleagues, NSWROA sponsored the NSW Racehorse Owners Association Maiden Handicap over 1000 metres on Town Plate Day – May 5 which was the second day of the Murrumbidgee Turf Club’s Wagga Wagga Gold Cup Carnival.

The event was taken out by Amarli (Bold Expectation-Scarlett Ribbon) who is co-owned by NSWROA member Mr J Middleton with the filly’s trainers Barbara Joseph and Paul Jones. Amarli scored by 1.8 lengths from Boggle (Tobougg(IRE)-Light Opera) with Chunkytown (Seidnazar-Chinky Bella) a further 2 lengths back in third position.

Amarli salutes in the NSW Racehorse Owners Association Maiden Handicap

The 2011 Gold Cup Carnival was run over 3 days commencing on 17th April with Prelude Day, followed by Town Plate Day on 5th May and concluding on 6th May with Cup Day.

NSWROA members were well represented during the Carnival and I am pleased to say that they recorded quite a few wins. Those winners were:

• Prelude Day
- Universal Pack who is co-owned by Mr M Snow

• Town Plate Day
- Amarli who is co-owned by Mr J Middleton
- How Much My Love (NZ), the winner of the Town Plate, who is co-owned by Mr A Cardy
- Ultimate Gaze co-owned by NSWROA President Ray McDowell, NSWROA Vice President & Treasurer John Vouris and Mrs Ann Vouris and former Committee Member Mr M Yates

• Cup Day
- Manjenine who is co-owned by NSWROA Life Member Mr M Whitby
- Strictly Business who is co-owned by Mr A Cardy; and
- Lycra Lass who is co-owned by Mr J Keough and Mr J Clark.

Our congratulations to all.

The winner of the feature race of the Carnival, the Listed Wagga Gold Cup, was Voice Commander (Commands-Voice Mail) who is trained by Nick Olive. World Wide and Ironstein took out the minor prizes.

Hereunder a photo of the presentation of the NSW Racehorse Owners Association Maiden Handicap.

WEDNESDAY ACCEPTANCES FOR SYDNEY SATURDAY RACE MEETINGS TO CONTINUE

Racing NSW has announced the continuance of Saturday metropolitan race meetings accepting on Wednesday mornings for a further six months.

The continuance is a result of the success of a recent trial which saw acceptances brought forward from 9am Thursday to 9am on Wednesday for all NSW metropolitan race meetings.

Racing NSW compiled a report of the outcomes of the trail which has been reviewed by RICG (Racing Industry Consultation Group) who have agreed to support the Racing NSW initiative further.

The times for Saturday metropolitan race meetings continue as follows until the next review on 30 November 2011:-

Acceptances: 9am Wednesday
Gear changes: 12 noon Wednesday
Jockey declaration: 12 noon Wednesday

WINNERS ARE GRINNERS

A WINNER – there are no better words for an owner to hear!

As members are aware, as part of our membership renewal process, NSWROA requested members to forward the names of their racehorses in order for us to acknowledge their racing triumphs in our publications.

The listing under comprises wins recorded in New South Wales as well as Australian black type successes which are recorded in bold type.

Accordingly, hereunder are the lucky NSWROA members who had winners in April 2011:

 
Owner Meeting Horse
G Altomonte Kembla Brightest
A Cardy Canberra Court Connection
  Goulburn Alshain (NZ)
Ms R Charlton Goulburn Reigning Rhythm
A & Mrs K Chrysiliou Taree Miss January
  Tuncurry Miss January
J Clark Hillston Molong Road
F & Mrs C Cook Canterbury (2) Life of the Party
    Needwood lad (GB)
Ms S Coward Goulburn Reigning Rhythm
B Cowell Wagga Bella Ballerina
F Crews Hawkesbury Tullamore (NZ)
M Crismale Kembla Zakumi
Mrs B Cummings Canterbury Hard Liquor
K Delforce Gosford Grabyahcat
P de Vries Randwick Darci Be Good (NZ)
B English Canberra Eye of the Needle (NZ)
C English Canberra Eye of the Needle (NZ)
W Estephan Randwick Jackpot Queen
M & Mrs E Frankel Wagga Spinalong
G & Mrs K A Fraser Randwick Sacred Choice
Mrs K Fraser Goulburn Reigning Rhythm
Gooree Pastoral Company Randwick Needs Further
  Rosehill Swift Alliance
J Grady Goulburn Reigning Rhythm
K Griffith Goulburn Reigning Rhythm
G Harvey Gosford Mossamine
  Morphettville Kittens
  Randwick Hatton Garden
J Janiak Grafton (2) Bondit
    Shrewd Target
C Kemp Goulburn Reigning Rhythm
Mrs D Kepitis & P Kepitis Newcastle Casula Gal
R M Lapointe Hawkesbury Go With The Flo (NZ)
Laurel Oak Bloodstock Canberra Eye of the Needle (NZ)
  Goulburn Reigning Rhythm
R & M Lazarus Muswellbrook Sutton Queen
  Scone Sutton Princess
R K Lees & L Hoyle Casino Monching
  Murwillumbah (3) Eye Might (NZ)
    Renmark
    Waterbury
His Excellency Nasser Lootah Newcastle Darya Ye Noor
C Malicki Goulburn Reigning Rhythm
R McDowell Canberra Ultimate Gaze
S McGowan Goulburn Reigning Rhythm
J Middleton Canberra (3) Mambo Flyer
    Pray To God
    Skateboard
  Goulburn So Pretentious
L Mihalyka Canberra Eye of the Needle (NZ)
  Goulburn Reigning Rhythm
N Moraitis, AM Grafton Wise and Wary
P Morrison Kembla Olinoor
Mrs J Moses Kembla Tapakeg
J Moufarridge Goulburn Reigning Rhythm
A Moulding Tamworth Strands of Joy
  Taree Bindifield
J A Munro Canberra (2) Crown Time
    Dancing Time
Mrs J Murray Canberra Eye of the Needle (NZ)
Dato Tan Chin Nam Canterbury Pegembak
  Rosehill Do You Think
M Notaras Goulburn Reigning Rhythm
Patinack Farm Racing Syndicate Canterbury Honourable Aussie
  Morphettville Isopach
R Pegum Randwick (2) My Kingdom of Fife (GB)
P Richards Goulburn Reigning Rhythm
J Rippon Goulburn Sharland
Ms J Ritchie Canterbury Pegembak
G Rogerson Canterbury My Sabeel (NZ)
  Hawkesbury Campinas (NZ)
  Gosford Mossamine
B Rutter Canterbury Carved in Stone
Sheikh Mohammed Canberra Pale
  Canterbury (3) Chart
    Detours
    Forfeiture
  Gosford Embarrassed
  Hawkesbury Kanzan
  Hawkesbury Mascareri
  Kembla (2) Peck
    Zachary
  Newcastle (2) Interpret
    Kiev
  Randwick (3) Anise
    Helmet (2)
  Rosehill Sepoy
R Smith Canberra Eye of the Needle (NZ)
M Snow Wagga Universal Pack
B Speering Goulburn Reigning Rhythm
J Strachan Goulburn Reigning Rhythm
D Swan Goulburn Reigning Rhythm
O P Tait Randwick Hood
Ms M Tesoriero Wagga Bella Ballerina
R Thomas Goulburn Mademoiselle Denon
J Tucker Goulburn Reigning Rhythm
J & Mrs A Vouris Canberra Ultimate Gaze
  Wagga Bella Ballerina
M Walcott Canberra Skateboard
T W, Mrs D, J W & Miss H Wallace Wyong Social Rank
P Webb Canterbury Valour
G Williams Gosford Rockaway Star
G & Mrs V Williams Queanbeyan Nineveh's Wish
Mrs V Williams Goulburn Reigning Rhythm
M Yates Canberra Ultimate Gaze
 

Another feature in the Newsletter is the 2010/2011 NSWROA Member’s Black Type Honour Roll which acknowledges the success of members in the black type arena.

The Honour Roll, as at 30 April 2011 is as follows:

 

2010/2011 NSWROA Members Black Type Honour Roll
Current to 30 April 2011

Race Name Horse Owner
G1 MRC Underwood Stakes So You Think (NZ) Dato Tan Chin Nam
G1 AJC Flight Stakes Secret Admirer J & Mrs T Muir
G1 AJC Spring Champion Stakes Erewhon Sheikh Mohammed
G1 MRC Yalumba Stakes So You Think (NZ) Dato Tan Chin Nam
G1 MVRC W S Cox Plate So You Think (NZ) Dato Tan Chin Nam
G1 VRC L K S Mackinnon Stakes So You Think (NZ) Dato Tan Chin Nam
G1 VRC Myler Classic Sacred Choice G M Fraser & Mrs K A Fraser
G1 WATC Railway Stakes Gathering Patinack Farm Racing Syndicate
G1 MRC Blue Diamond Stakes Sepoy Sheikh Mohammed
G1 ATC Chipping Norton Stakes Danleigh K & Mrs R Leonard
G1 ATC Coolmore Classic Aloha G Harvey
G1 ATC Golden Slipper Stakes Sepoy Sheikh Mohammed
G1 ATC Sires Produce Stakes Helmet Sheikh Mohammed
G1 ATC Doncaster Handicap Sacred Choice G & Mrs K Fraser
G1 ATC Champagne Stakes Helmet Sheikh Mohammed
G1 ATC Queen Elizabeth Stakes My Kingdom of Fife (GB) R Pegum
G2 AJC Warwick Stakes Metal Bender (NZ) D Fuller
G2 MRC Memsie Stakes So You Think (NZ) Dato Tan Chin Nam
G2 VRC Let's Elope Stakes No Evidence Needed Patinack Farm Racing Syndicate
G2 STC Research Stakes Trim Sheikh Mohammed
G2 STC Premiere Stakes Hot Danish A E Curtis
G2 AJC The Shorts Hot Danish A E Curtis
G2 VRC Blazer Stakes Palacio de Cristal G Harvey
G2 MVRC Moonee Valley Gold Cup Precedence (NZ) Dato Tan Chin Nam
G2 ATC Southern Cross Stakes Sister Madly Mrs B Cummings
G2 ATC Light Fingers Stakes Obsequious Sheikh Mohammed
G2 ATC Apollo Stakes Melito J & D Rippon
G2 ATC Surround Stakes Parables Sheikh Mohammed
G2 ATC Todman Stakes Smart Missile Gooree Pastoral Company
G2 ATC Magic Night Stakes Altar Sheikh Mohammed
G2 ATC Ajax Stakes Pureness G Altomonte
G3 AJC Missile Stakes Love Conquers All N Moraitis, AM
G3 AJC San Domenico Stakes Obsequious Sheikh Mohammed
G3 AJC Silver Shadow Stakes Parables Sheikh Mohammed
G3 AJC Up and Coming Stakes Blackball Sheikh Mohammed
G3 MRC Naturalism Stakes Rainbow Styling (NZ) N Moraitis, AM
G3 MRC Tranquil Star Stakes Divorces Sheikh Mohammed
G3 STC Gloaming Stakes Retrieve Sheikh Mohammed
G3 MVRC JRA Cup Precedence (NZ) Dato Tan Chin Nam
G3 AJC Bill Ritchie Handicap Drumbeats Sheikh Mohammed
G3 AJC Craven Plate C'Est La Guerre G Rogerson
G3 MRC Norman Robinson Stakes Retrieve Sheikh Mohammed
G3 VRC Lexus Stakes Maluckyday (NZ) N Moraitis, AM
G3 MRC Blue Diamond Prelude (C&G) Sepoy Sheikh Mohammed
G3 MRC Hyderabad Stakes Beaded Sheikh Mohammed
G3 TRC Hobart Cup Bid Spotter G Rogerson & G Harvey
G3 VRC C S Hayes Stakes Bullbars Sheikh Mohammed
G3 VRC PDF Food Services Stakes Aloha G Harvey
G3 ATC Sweet Embrace Stakes Shared Reflections Gooree Pastoral Company
G3 ATC Randwick City Stakes Saint Encosta Patinack Farm Racing Syndicate
G3 ATC T L Baillieu Handicap Do You Think Dato Tan Chin Nam
G3 ATC Star Kingdom Stakes Swift Alliance Gooree Pastoral Company
G3 ATC Kindergarten Stakes Anise Sheikh Mohammed
G3 ATC Carbine Club Stakes Needs Further Gooree Pastoral Company
G3 ATC Royal Parma Stakes My Kingdom of Fife (GB) R Pegum
G3 SAJC Chairman's Stakes Kittems G Harvey
LR VRC Aurie's Star Handicap Elusive Touch P Silvestro & M Continibali
LR MRC Quezette Stakes Panipique Ramsey Pastoral Company
LR AJC Toy Show Quality Hcp Illuminates G Harvey
LR STC Premier's Cup Snow Alert Stratheden Stud
LR WRC Mona Lisa Stakes Brasileira Sheikh Mohammed
LR AJC Dulcify Quality Handicap Yulalona Sheikh Mohammed
LR AJC The Nivison Marquardt (NZ) Patinack Farm Racing Syndicate
LR AJC NSW Breeders Plate Smart Missile Gooree Pastoral Company
LR AJC Angst Stakes Lovemelikearock Mrs B Cummings
LR VRC Doncaster Stakes Territory Sheikh Mohammed
LR VRC Maribyrnong Trial Stakes Sepoy Sheikh Mohammed
LR VRC Superstable Stakes Gathering Patinack Farm Racing Syndicate
LR SAJC Hill Smith Stakes Kittens G Harvey
LR AJC City Tattersalls Club Cup Maluckyday (NZ) N Moraitis, AM
LR AJC Governor Macquaire Cup Celts Sheikh Mohammed
LR GRC Geelong Classic Milestone Sheikh Mohammed
LR MVRC Arrow Training Services St. Zubbaya Sheikh Mohammed
LR VRC Lexus Hybrid Plate Palomares Sheikh Mohammed
LR VRC Bundaberg Distilling Co St. Tagus Patinack Farm Racing Syndicate
& G Harvey
LR VRC Myer Spring Fashion Stakes Backgammon Sheikh Mohammed
LR HRC Ladies Day Cup Kanzan Sheikh Mohammed
LR MRC Summond Stakes Happy Hippy Patinack Farm Racing Syndicate
LR MRC Merson Cooper Stakes Dinner Date G Harvey
LR STC Festival Stakes Dysphonia Sheikh Mohammed
LR STC Christmas Cup Bellagio Wynn D Farnham
LR AJC Razor Sharp Handicap Swift Alliance Gooree Pastoral Company
LR MRC Lord Stakes Aloha G Harvey
LR Tattersalls Club Cup Spinney Sheikh Mohammed
LR MRC Doveton Stakes First Command L Macri
LR STC Canterbury Classic Pinwheel Sheikh Mohammed
LR TRC Elwick 2YO Stakes Chinchilla Sheikh Mohammed
LR TRC Hobart Guineas Ludka Sheikh Mohammed
LR MRC Blue Diamond Preview (C&G) Sepoy Sheikh Mohammed
LR MRC Chairman's 2Y0 Stakes Atomic L Macri
LR VRC Talindert Stakes Anevay A Gow-Gates
LR SAJC Queen Adelaide Stakes Chinchilla Sheikh Mohammed
LR ATC Triscay Stakes Kiss From A Rose Gooree Pastoral Company
LR VRC TAB 50th Birthday Stakes Launay Sheikh Mohammed
LR CRC Canberra Guineas Kudakulari (NZ) Dato Tan Chin Nam
LR CRC National Sprint Lebrechaun W Estephan
LR ATC Sky High Stakes Older Than Time Gooree Pastoral Company
LR ATC Epona Stakes Galizani Patinack Farm Racing Syndicate
LR ATC N E Manion Cup Bid Spotter G Rogerson & G Harvey
LR TOOTC Toowoomba Cup Humma S Iskander
LR ATC Fernhill Handicap Darci Be Good (NZ) P de Vries
LR HRC The Darley Crown Kanzan Sheikh Mohammed
LR SAJC Oaklands Plate Isopach Patinack Farm Racing Syndicate

What great results! Congratulations to all! Don’t forget to forward the names of your racehorses to the NSWROA office.

BOBS & BOBS EXTRA UPDATE

One of the challenges of owning a racehorse is keeping track of the paperwork, knowing when deadlines are approaching and making sure that appropriate entries and payments are made on time.

That applies particularly to BOBS and BOBS Extra.

Some owners leave it to their trainers to enter horses for BOBS, others prefer to do it themselves, and on occasions we find both owner and trainer entering the same horse. Better that, and better to be certain, than to miss out altogether!

That’s why, even with a few months to go till the deadline, I urge owners to fill out the BOBS nomination form now and make sure we receive it (together with the $660 fee) before entries close on 1 September. You’d be surprised at how many owners put it off, and forget about it for a while, and then finish up paying a late entry fee of $5500!

You also need to think about BOBS Extra, because entries for that close on the same day – 1 September – and there is no late entry fee for BOBS Extra. The fee for BOBS Extra is $840, so for a total of $1500 your horse can win BOBS bonuses as a 2- and 3-year-old, and then BOBS Extra bonuses from the day it turns 4YO.

There are owners who tell me they have no way of predicting whether the horse will still be racing as a 4YO or whether it will be able to win over 1600 metres or longer. Of course there will always be racehorses that surprise by performing successfully in a way quite contrary to their pedigree or family history.

But the $840 for BOBS Extra is a tiny gamble to take in the context of all the other expenses an owner will incur, and the potential rewards are great.

This is the first season in which Racing NSW has paid bonuses for BOBS Extra and it’s confined to 4YOs. In 2011-12 it will include 4YOs and 5YOs, then 6YOs will be added in 2012-13, and so on. BOBS Extra will simply grow in value, year by year.

Already in the current racing year we have paid $580,000 in BOBS Extra bonuses, while the BOBS bonuses for 2010-11 have topped $5 million.

It doesn’t matter if your horse is racing in the metropolitan area, at provincial or country meetings, or even if it’s restricted to the picnic races – with bonuses available at every track and every meeting, owners simply can’t afford the risk of not nominating their horses for BOBS. Eligibility depends simply on the sire being a stallion based in NSW and entered in the scheme.

So beat the rush and avoid late payment fees. Enter BOBS now! Nomination forms can be downloaded from the Racing NSW website www.racingnsw.com.au or we can send them by mail or email.

For further information please contact John Gatfield, BOBS Executive Officer, Racing NSW on telephone: (02) 9551-7574.

SYDNEY CUP DAY LUNCHEON

Sydney Cup Day, the last day of the Sydney Carnival, dawned as yet another wet day in town. The Australian Turf Club did not have much luck with the weather for the Randwick leg of the Sydney Carnival with only one fine day - Derby Day, perhaps especially for World Champion Galloper Black Caviar.

The weather however did little to impact on the occasion for NSWROA. As members are aware, each year the Association holds a Sydney Cup Day Luncheon and each year, members and guests get together to join us for one of our favourite events.

The day commences with pre-luncheon drinks in the Kingston Town Room before moving into the Vista Room for a sumptuous buffet luncheon.

Our Master of Ceremonies was the very talented Frank Coletta from Network Ten, who did a masterful job keeping everyone updated and entertained (not only at our function but also as the on-course announcer) and we extend our sincere thanks to him.

 

Master of Ceremonies – Mr Frank Coletta

 

Food Wonderous Food

The Sydney Cup Day Luncheon has various competitions being held throughout the day including the Best Hat, Best Tie and of course the very popular Tipping Competition. Another feature on the day is the presentation of the Most Elegant Woman award. This is the second occasion this award has been presented and the lucky winner this year was Kim Tymoc. Karenne Pfeiffer from Perri Cutten kindly adjudicated on this award.

The Best Hat Competition, another highlight on the day, saw Kylie Pride selected as the winner by Sharon Lenton from Sharon Lenton Events.

Rounding off the “Best Of Competitions” was the Best Tie category with Mrs Frances Greene taking on the very hard task of selecting the winner of this competition. They say ladies fashion events are hard to judge but the gentlemen at the function truly excelled and in a very closely contested event, Mr George Tymoc was announced as the winner.

Congratulations to all winners and our thanks to the sponsors of the Awards Perri Cutten and Sharon Lenton Events.

 

Kylie Pride (centre) – the winner of the Best Hat Competition with Karenne Pfieffer from Perri Cutten (left) and Sharon Lenton (right)

 

Kim & George Tymoc with Kim &
Christopher Norton

The most popular competition on the day was without a doubt the Tipping Competition. To assist our guests, we were most fortunate to have the best in the business - Tony Brassel, Ken Callander, Ashley Johnson (representing Henry Noonan Top Odds Racing and Sports) and Max Presnell as our Guest Tipsters for the afternoon. Henry Noonan was also kind enough to provide bookmaking services for the function.

Our thanks to all the gentlemen and congratulations to Mrs Trish Ryan-Yates, the winner of the competition.

 

Ashley Johnson & Ken Callander “queueing up” with their selections

 

Tony Brassel, Frank Coletta & Ray McDowell

     
 

Max Presnell

 

NSWROA Executive Officer Sharon Hunt “keeping the ledger” for the competition

     
 

Trish Ryan-Yates the winner of the Tipping Competition with Ray McDowell

 

Luncheon Display

Speaking of winners our congratulations to the guests on Table 4 who made a “clean sweep” of the prizes in the Raffle:-

  • Warren Chalker took out the first prize, a $500 gift voucher from Bowermans Office Furniture;
  • Ted & Vicki Humphreys won second prize, a gift voucher for a day at the races for 4 people in the Panorama Dining Room at Royal Randwick; and
  • Wade Gudgeon collected third prize a bottle of Moet & Chandon Imperial Champagne.

Our thanks to Mr Bryan Rutter from Bowermans Office Furniture and the Australian Turf Club for donating first and second prizes in the raffle and also to Mrs Reiko Sekiguchi for drawing the raffle prizes.

I would also like to take this opportunity to thank Australian Turf Club Chairman Mr John Cornish and Chief Executive Officer Mr Darren Pearce for addressing our guests and also to other members of the ATC Committee who called in during the afternoon.

And lastly my thanks to Caroline Taylor for kindly taking photographs of the function for us.

Hereunder are a few “happy snaps” from the day.

 

Happy winners Wade Gudgeon and
Warren Chalker

 

Mrs Reiko Sekiguchi who kindly drew the
prizes for the raffle

     
 

Michael Larmer (back row) with Peter & Michelle Ashton and Roswitha & Harald Gnoyke

 

John Kingsmill and Jane Pitman


DISEASE IN HORSES DUE TO INSECT BORNE VIRUSES

In April 2011, the Department of Agriculture, Fisheries and Forestry in conjunction with State and Territory departments of primary industries
and the Australian Animal Health Laboratory issued a fact sheet
regarding Disease in Horses due to Insect Borne Viruses.

To view a copy of the fact sheet click here.

GENERAL

If you have you recently moved, changed your postal address or obtained an email address, it would be greatly appreciated if you could contact the office in order for our records to be updated.

Yours in Racing
Ray McDowell, President
17 May 2011

 

NSW Racehorse Owners Association • GPO Box 1506, SYDNEY NSW 2001
Ph: 9299 4299 • Fax: 9299 3212 • E: nswroa1@ozemail.com.au • W: www.nswroa.com.au