FROM THE PRESIDENT’S DESK

I am very pleased to highlight in my column this month, a wonderful new bonus scheme for racehorse owners – CanBOBS.

CanBOBS, an initiative of the Canberra Racing Club, commenced on 1 September 2011 and will pay a $5,000 bonus to eligible race winners at Thoroughbred Park.

Horses eligible for the Racing NSW BOBS scheme will be eligible for the CanBOBS bonus which will be funded by the Canberra Racing Club (CRC) with no additional fee required for owners. How good is that? This provides us, as owners, with a great incentive to race with the CRC for a significant boost to our potential prizemoney.

Eligible owners will receive a $4,625 bonus on top of the race prizemoney, the winning trainer will receive $250 and the Australian Jockeys Association $125 from the $5,000 bonus.

For winning a $14,000 race, eligible horses will return $13,725 to their owners, $9,100 from prizemoney and $4,625 from the CanBOBS bonus. It should be noted that paid up two-year-olds in the 2010/2011 BOBS Scheme are eligible for CanBOBS as three-year-olds in the 2011/2012 season.

Our congratulations to the CRC for this fantastic initiative which will not only provide greater returns to owners, but also strengthen racing at Thoroughbred Park.

To view a flyer for CanBOBS click here. For further information regarding CanBOBS, either visit the Canberra Racing Club website at www.thoroughbredpark.com.au or telephone the CRC office on (02) 6204 0000.

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IF YOU BET WITH A CORPORATE BOOKIE, CHOOSE LUXBET.COM

^ClubXtra Terms and Conditions apply, click here. Max $2,000 ClubXtra bonus per day. ClubXtra bonus must be turned over at odds of $1.90 or higher before you can withdraw the ClubXtra bonus from your Luxbet account. *Bonus Bet Terms and Conditions apply, click here. Offer available until cancelled by the Promoter. The Bonus Bet must be wagered as a single bet on a Fixed Odds market with a dividend of greater than $1.50 per $1 bet. If the Bonus Bet returns a winning dividend, those winnings (excluding the Bonus Bet stake) will be credited to your Luxbet account. Your Initial Deposit and any winnings accrued from the Bonus Bet must be turned over at least once (x1) on bets with a dividend of greater than $1.50 per $1 bet (the Minimum Turnover Threshold) within 90 days before any withdrawals from your account will be processed. If the Minimum Turnover Threshold is not met within 90 days of receipt of the Bonus Bet, the Bonus Bet (if not already used), or any winnings already accrued from the Bonus Bet, will be withdrawn from your Luxbet account. Must be over 18 years. Due to legislative restrictions, VIC and QLD residents are not eligible to receive the Bonus Bet. Maximum of one (1) Bonus Bet of $100 per account. Think! About your choices. Call your state based Gambling Help services on 1800 858 858. In NSW call Gambling Help on 1800 858 858 or visit www.gamblinghelp.nsw.gov.au In WA visit www.gamblinghelponline.org.au Gamble responsibly.

TAX TIPS FOR HORSE BUSINESS DISRUPTIONS

It’s fair to say that the past few years have thrown up some enormous challenges to anyone trying to run a primary production business in regional Australia.

These challenges go beyond financial and economic upheavals such as the GFC, the stronger dollar and constant volatility on global share markets. What I’m talking about are the dreaded “natural disasters” that periodically disrupt the businesses of primary producers, e.g. viruses, droughts, floods and bushfires.

It’s not well known that our tax laws contain concessions that help victims of these disruptions to cope financially through these difficult periods. It makes the job of an Accountant that little bit more rewarding when we can pass on and apply these concessions, too.

This article will outline and discuss the concessions and a few tax tips that I consider most relevant for horse owners and breeders caught up in these circumstances. Even if you can’t use them when preparing your 2011 tax return, I’m hoping you can tell a friend or two who needs some welcome good news after all that nature has thrown up to him or her recently.

1. Insurance Recoveries for loss of livestock can be spread over 5 years

If a taxation breeder receives an insurance recovery for a loss of ‘‘live stock’’ or for a loss of trees by fire, the tax act provides the breeder with an election to spread the assessment of that income over five years. However, the election is available only if the relevant live stock or trees are held as assets of a ‘‘primary production business’’.

N.B. This concession is not available to those who conduct a “stand-alone” racing activity, without any associated breeding.

Example

Peter has his breeding property in Toowoomba and lost his prized broodmare in the recent QLD floods.

The mare was insured for $200,000 and these proceeds were duly received in March 2011. Peter’s cash-flow has been severely affected by the floods and he has little appetite for paying tax on this income until he can get some yearlings to the sales in the next few years.

To lessen the tax impact, Peter elects to spread his insurance recovery over 5 years, i.e. $200,000/5 yrs = $40,000 p.a. Accordingly, $40,000 was returned in FY 2011 and in each of the next four tax years.

2. Insurance received re destruction of a building is treated as capital proceeds

Many business related buildings were been destroyed as a result of the recent floods, bushfires etc.

The insurance recovered as a result of these occurrences are not returned as income in the year received, instead they are treated as the capital proceeds on the disposal of these assets.

Where an asset, or part of an asset is lost or destroyed, any proceeds received by a taxpayer under an insurance policy in respect of the loss or destruction are taken to be amounts of money received "as a result of or in respect of" the disposal of the asset or part of that asset. N.B. If an asset, or part of an asset was acquired before 20 September 1985, no part of the proceeds received in relation to that asset or part of that asset, would be subject to Capital Gains Tax (CGT).

Similarly, where a motor vehicle is lost or destroyed, any insurance recovery will be consideration in respect of the disposal of that motor vehicle, and so not subject to CGT.

Example

A breeding company acquires ownership of a newly constructed building on 1 July 1986.

The cost base of the building is $10 million and the building is treated as a separate asset for CGT purposes.

The building was subsequently destroyed by fire and the breeder lodged a claim under an insurance policy. At the time of acquisition, the taxpayer entered into an insurance agreement that would cover the taxpayer for the replacement cost of the building. The replacement cost at date of destruction is $18 million.

The insurance payout of $18 million is taken to be the consideration on disposal of the building and, thus, is not 100% assessable in the year received.

“Roll-over relief” under section the CGT act may be available where a replacement asset is acquired with the insurance proceeds, i.e. the CGT cost base of the replacement asset is reduced by the profit on disposal of the building. In the above scenario, the profit would be $8 million ($18 million insurance proceeds less $10 million cost base).

3. Insurance received for assets that are part of a “Small Business Depreciation Pool”

Many smaller breeders claim depreciation using the small business depreciation pool.

For the record, a Small Business Entity (SBE) is a tax business with generally less than $2m aggregated turnover p.a.

If in the event of insurance received for the destruction of assets, note:

• The pool balance is reduced by the extent of insurance received. Thus a profit or loss on the items destroyed need not be made when the insurance is received; and

• If the sum of the insurance received of assets disposed of during the income year exceeds the pool closing balance for the year, the excess is subject to taxation.

Example

Janet the breeder lost valuable sheds in the 2009 VIC bushfires.

The closing depreciation pool balance of her business at 30 June 2009, was $12,500. Insurance received for her sheds was $30,000. Accordingly, $17,500 ($30,000 less $12,500) is taxable income to the business in the FY 2009.

4. Assets subject to “Roll-Over Relief” due to destruction

As noted above in a CGT context, “Roll-over relief” occurs where profits on disposal of assets, e.g. where insurance proceeds exceed the written-down value of asset, can be deferred. In relation to a business asset, this is where the profit is offset against the cost of the replacement asset, instead of being declared as income immediately.

In short, yes, a breeder is able to obtain Roll-over relief for an asset which was involuntarily destroyed by fire, flood etc. provided the following conditions are satisfied:

• The asset was not a pooled asset under the “Small Business Entity” (SBE) regime or as part of a low-value pool for non-SBE taxpayers; and

• The taxpayer acquires a replacement asset within the required times.

Example

Big Breeder Pty Ltd, who does not qualify as a “Small Business Entity”, had a float destroyed in the Victorian floods of 2011.

Insurance proceeds received in FY 2011 was $20,000, the written-down value of the float at time of destruction was $5,000, thus a profit on disposal of $15,000 was realised.

A replacement float was acquired for $30,000, within only 3 months of the event, well within the 12 month required time frame, which commences on 30 June 2011.

Instead of Big Breeder having to declare the $15,000 as a profit in FY 2011, what it does instead is to reduce the cost base of the new depreciable asset to $15,000 ($30,000 cost less $15,000 profit on the destroyed asset).

5. Assets that can be written-off immediately

In many instances, business plant and equipment is not insured and no proceeds are received.

Where this occurs, the tax “written-down” value of the asset can be immediately written-off, this being an immediate deduction in the tax year this occurs.

However, it should be noted that only a “non-SBE” can take advantage of this concession as they are not be eligible to use “pooling” for their business assets.

Example

Big Breeder Pty Ltd chooses not to insure any of its “on-farm” motor bikes.

All of these bikes were “written-off” as unrecoverable after the VIC floods.

The tax written-down value of its bikes at the date of destruction was $25,000. As no insurance was received, an immediate $25,000 deduction can be claimed for these assets in that tax year.

6. “Loss of income” insurance is assessable to the breeder

Where insurance payments are received to replace lost income, the proceeds are assessable to the breeder (e.g. business interruption insurance which generally provides cash flow until business profits reach what they were before the fire, flood etc.).

7. Dealing with the destruction of trading stock

a) Can a horse be written-off if no proceeds received?

A breeder is entitled to claim a deduction for the cost of trading stock destroyed.

The deduction is obtained via the movement in the opening and closing stock provision.

b) Tax profits from “forced” disposal of stock

Under the tax act, where a primary production business is forced to dispose of or destroy livestock, the breeder may be entitled to concessional treatment in relation to any resulting tax profit, as follows:

• spread the tax profits over 5 income year; or

• defer the tax profit and offset it against the cost of replacement stock over the subsequent 5 income years.

This relief relates to the forced sale of livestock, and differs to the relief re spreading insurance recoveries over 5 years, which relates to the death of livestock.

However, this election will not be available where the business is sold following the natural disaster.

Example - spreading the tax profit

Breedco's yearlings have to be destroyed because of the recent Hendra virus.

The insurance proceeds of the forced disposal are $250,000 and the tax profit is $150,000. Breedco elects to spread the tax profit over five years. Breedco’s assessable income in the disposal year includes an amount of $130,000 in respect of the disposal. This amount is arrived at by reducing the proceeds of $250,000 by the tax profit of $150,000 and adding an amount of $30,000 (i.e. 20% of the tax profit of $150,000). For each of the four income years following the disposal year, Breedco must include an amount of $30,000 in its assessable income.

c) Closing stock value method can be altered

The golden rule of stock accounting is that opening stock should always equal closing stock and nothing has changed in this regard.

However, this does not stop a breeder from changing the year end accounting stock valuation method.

For instance, if market selling value has been used in the past, this can be altered to use either the special “write-off” or “cost” closing stock valuation methods. This strategy would help immensely in reducing taxable income in a particular tax year, something that would be most welcome if you’ve been a victim of a natural disaster.

Example

Stockco was severely affected by a new outbreak of EI virus that swept through the Hunter Valley, leading to many of its prized yearlings being withdrawn from the 2012 Easter sales. However, good money was made on foals sold at the earlier Magic Millions QLD sales. Tax profit for the year is $350,000.

Without the cash-flow from the Easter sales, Stockco requires options to reduce its tax profit for FY 2012. Martin the accountant finds that many of the mares have been valued @ market value as at 30 June 2011. By valuing these mares @ cost as at 30 June 2012, the closing stock value of the mares is reduced by $150,000 and tax profit is also reduced by this amount to $200,000 ($350,000 less $150,000).

8. Issues re withdrawing funds from a Farm Management Deposit (FMD)

The FMD provisions are contained in the tax act and broadly enable an eligible taxpayer to defer the income tax on taxable primary production (breeding) income from the income year in which a FMD deposit is made (i.e. a deduction is available for such a deposit) until the FMD deposit is repaid (i.e. this amount is included in taxable income in the year of withdrawal).

However, a FMD deposit (or part thereof) loses its status as a FMD where it is withdrawn within 12 months of the deposit date. In these circumstances, a partial withdrawal of an FMD means that only the residual deposit amount qualifies as an FMD, provided the remaining amount is $1,000 or more and provided that it stays in the account for at least 12 months.

The implication for a FMD withdrawn within 12 months is the no deduction is available for the deposit (and taxpayers will need to request an amended assessment where this rule effects a deduction claimed in the prior income year).

TAX TIP - Farm Management Deposits withdrawn in exceptional circumstances

However, as an exception to this, a deposit retains it status as an FMD even if it is withdrawn within 12 months where the taxpayer is in an area the Minister Of Agriculture, Fisheries and Forestry has declared an “exceptional circumstances” area. In this regard, FMD deposit holders have until three months after the year of income of the withdrawal to obtain an “exceptional circumstances” certificate from the relevant state authority.

Example

Vanessa is a Victorian breeder who has a long history as a successful breeder and in the FY 2008 made $450,000 profit from her activities.

To reduce her breeding profit for FY 2008, before year end she deposits $200,000 under the FMD scheme, this reducing her taxable income to $250,000 ($450,000 less $200,000).

Only a few months later, the bushfires destroy her property and she now has urgent need for part of that $200,000 FMD cash to help her in the rebuilding process.

Accordingly, she withdraws $100,000 of her FMD in March 2009.

Under the general FMD rules, she must go back to the ATO and reduce her 2008 FMD deduction by $100,000, increasing her 2008 taxable income to $350,000.

However, as the Minister of Agriculture, Fisheries and Forestry has declared her breeding property to be in an “exceptional circumstances” area, and she has obtained her certificate within 3 months of the end of the tax year, she is still eligible to claim that $100,000 withdrawal is a deduction in 2008. This $100,000 withdrawal is declared as income in FY 2009, the year of withdrawal.

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

A TRIP DOWN MEMORY LANE AT THE GUNSYND MUSEUM

Our good friend and NSWROA member, Mr Graham Caves, has kindly prepared for the interest of members, the following item on a recent visit to the Gunsynd Museum.

*   *   *   *   *

If you are ever out in north western New South Wales or South Western Queensland, in the vicinity of the border town of Goondiwindi (pronounced Gundawindy), don’t pass it by.

Apart from being a pretty little town on the banks of the Macintyre River it is also home to the GUNSYND MUSEUM.

Gunsynd is an immortal of the Australian turf, one of the greatest milers we have seen and certainly one of the most popular champions Australia has had.

Back in the early seventies he ruled the roost. He won the Epsom and Doncaster Handicaps, the Toorak Handicap, the Cox Plate, Chelmsford, Rawson Stakes (twice), George Adams (Emirates Stakes), Futurity, Queen’s Plate, Queen Elizabeth Stakes (twice), Hill Stakes, Colin Stephen Stakes, Caulfield Stakes, Blamey Stakes and the Autumn Stakes, 29 races in all, and retired as the greatest prizemoney earner in Australian history.

Although the only time he set foot in Goondiwindi was during his farewell tour after his retirement, he was owned by four businessmen from the town and became known as “The Goondiwindi Grey”.

Today, the town still celebrates his celebrity and its tourism is based heavily on his fame.

There has always been a display dedicated to him in the town’s tourist information centre but a couple of years ago this display was expanded and extended to a museum of some 60 square metres, covering two rooms full of memorabilia and records of his career on the turf.

One of the most impressive displays is a wall of photos of all his wins, all 29 of them … but, wait, there are 30 photos!! Ah, they have included his gutsy Melbourne Cup third.

There are trophies to see, his Futurity, Cox Plate and Doncaster trophies amongst them. His Hall of Fame Certificate, his owner Bill Bishop’s private scrapbooks, sets of both colours he carried in his career, an original oil painting and much more.

Keeping the visitors entertained, videos of his race wins are playing in a corner with television commentary from the leading racecallers of the day.

On sale in the complex are mementos of your visit in the form of Gunsynd keyrings, stubby holders, spoons, tea towels, puzzles, a book, posters, rulers, pens in his racing colours and more.

Walk around the town and you will see references to the champion. Call in at the Victoria Hotel, a grand restored edifice, once the property of one of Gunsynd’s owners, and have a look at its Gunsynd wall.

No, you mustn’t take the bypass, you must stop for a look at Goondiwindi.

BOBS & BOBS EXTRA UPDATE

When entries for BOBS and BOBS Extra closed early this month we’d received more nominations than ever before – around 2800 horses entered for BOBS, and a remarkable 37% of those in BOBS Extra as well.

As the entries came in by mail, by fax and by email, it was obvious that owners are much more aware now of how BOBS works and of the information required on the forms. Comparatively little time has been taken up this year by the pursuit of correct breeding or contact details, or payment information.

So there’s a big “thank-you” from Racing NSW to all those owners who lodged BOBS entries well before the closing date, with forms filled in accurately.

Do take a look at your cheque or credit card account, however, and make sure that we have processed your payment. If you’re in any doubt, give us a call or send an email because mistakes can happen and we have had a few owners adamant that entries have gone astray in the mail. We don’t want anyone missing out on BOBS bonuses - so please do check if you suspect your entry hasn’t reached us.

With 77 two-year-olds nominated, first season sire Casino Prince tops the list of stallions, followed by More Than Ready (USA), Redoute’s Choice, Lonhro, Encosta de Lago, Wonderful World, Fastnet Rock, Flying Spur, Husson (Arg), Exceed And Excel and Choisir.

The response this year to BOBS Extra has been terrific. For the first time entries have gone past the 1000 mark, as owners and trainers realise that it’s worth thinking about having horses race on past their juvenile years and tackle races of 1600 metres and further.

The BOBS Extra bonus added exceptional value to the Coffs Harbour Gold Cup (1600m) in early August. The winner was the 5-year-old gelding Brave The Way, the only runner in the event eligible to win a BOBS Extra bonus. Because total stakes money for the Cup came to $70,000 there was a $20,000 bonus available, on top of the $45,500 payable for running first – giving the horse’s connections a bigger than ever reason to celebrate!

During August 15 BOBS Extra bonuses were won, worth $136,250. Nine were won by 4YOs, six by 5YOs. Seven of the winners were maidens and one of those was a 5YO, proving yet again the value of BOBS extra in rewarding owners who are patient with slower maturing gallopers.

It won’t be long before many owners start thinking about the yearling sales and casting their eyes over potential purchases. If you win a BOBS bonus in the meantime, remember you can forego the cash payment and we’ll double to value if you spend it on another BOBS Eligible yearling.

If you’ve Doubled-Up a BOBS bonus already, you have two years in which to redeem it, or it becomes null and void. From 1 August the Double-Up option is no longer available for a BOBS Extra bonus – that now has to be taken in cash.

Finally this month, we still have ample supplies of the BOBS 2014 Sire Guide available, free of charge, to anyone who wants a copy. It lists the stallions paid up for BOBS for this 2011 breeding season, but also contains the answers to any questions you may have about BOBS or BOBS Extra.

Requests for the Sires Guide or any other questions can be sent by email to jgatfield@racingnsw.com.au or phone (02) 9551 7574.

 

ANNUAL SYDNEY RACING INDUSTRY GOLF DAY

A reminder to all Racing participants and enthusiasts, the Annual Sydney Racing Industry Golf Day is to be conducted on Monday, 26 September 2011 at the St Michael’s Golf Course at Little Bay. The Event Ambassador is Malcolm Johnston.

Registration is from 0800 for 0845 tee-off. The cost is $140 per person which is inclusive of a round of golf, electric carts, prizes and luncheon event. The Ambrose competition will play for the ARCC Perpetual Shield.

For more information call Reverend Colin Watts 0409 571 163, email colin@arcc.org.au or visit the Australian Racing Christian Chaplaincy website www.arcc.org.au.

2011 RACING’S NIGHT OF CHAMPIONS

Our thanks to all who attended 2011 Racing’s Night of Champions. What a night!

As advised previously, as a small gesture to say thank you to members who purchased tickets to our flagship event, a post event draw was conducted to win two FREE TICKETS to the 2012 Racing’s Night of Champions.

I am very pleased to announce that Michael Kissane was the winner of the draw. Our congratulations to Michael.

My thanks to NSWROA Life Member Mr Noel Bracks who officiated at the draw which was conducted in the NSWROA office on Wednesday, 14 September 2011.

I advise that Photo Galleries from 2011 Racing’s Night of Champions now appear on the NSWROA website www.nswroa.com.au.

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 August 2011:

 
Owner Meeting Horse
K Albert Coffs Harbour Untouchable Adam
J Allen Wagga Senor Dash
M Angelos Canterbury Just The Tonic
  Rosehill Just the Tonic
Miss C Backhouse Wyong Oh So Stunning
P Brennan Grafton Black Katana
G Bunt Canberra Kanskje
L Cohen Rosehill Aeronautical
F Cook Rosehill Foreteller (GB)
N Couper Canterbury (2) Tiger Tees (NZ) (2)
  Randwick Tiger Tees (NZ)
B Cowell Sapphire Coast Let's Tell A Tale
Miss M Crawley Wyong Oh So Stunning
F Crews Canterbury Silent Reward
Mrs B Cummings Rosehill Emerald Downs
C Dawson Hawkesbury Al's Pride *
  Wyong Dal Rommel (NZ) *
P de Vries Rosehill Darci Be Good (NZ)
H Dyball Rosehill Home On A Wing
Mrs V Everson Lismore Storm Fabulador (ARG)
J Fleming Forbes Spectacular Iam
  Gulargambone Spectacular Iam
M & Mrs E Frankel Gundagai Teishatell
W & Mrs S Gavenlock Taree Petticoat General
Gooree Pastoral Company Gosford Sandhurst
  Hawkesbury Dreams and Desires
  Rosehill Smart Missile
  Rosehill Sweetest Melody
  Warwick Farm Essence of Success
G Harvey Gosford Sovereign Debt
  Hawkesbury More Than Irish
  Rosehill The Warrior Woman
  Wyong Glucksburg (NZ)
A & Mrs J Hodgson Scone Zabelka
M Hohos Cessnock Monaco
  Newcastle Monaco
R & Mrs Y Hyatt Gundagai You're On
  Narrandera You're On
M Inglis Sapphire Coast Let's Tell A Tale
S Iskander Muswellbrook Elstrata
K & Mrs E Jenkins Canberra Winning Tiger
R Kemister Muswellbrook Rock Alert
R & M Lazarus Muswellbrook Sutton Power
HE Nasser Lootah Scone Nafisah
L Macri Canterbury The Blues
J R Mallam Randwick Pteryon
K Maloney Canterbury Houston Benefactor
B McGilvray Scone Conch
J Middleton Goulburn Virtuoso
Dato Tan Chin Nam Newcastle  Zahar
Miss K Nivison Bathurst He's No Mendican
Patinack Farm Racing Syndicate Moonee Valley Kneeling
  Randwick Renewed Vitality
  Warwick Farm Pane in the Glass
R Pegum Goulburn Junee Boy (NZ)
Ms J Ritchie Rosehill Home On A Wing
Sheikh Mohammed Canterbury (3) Detours
    Secession
    Trapunto
  Caulfield Sepoy
  Hawkesbury (3) Boston Tea
    Moravany
    Uncommon
  Rosehill (2) Bereft
    Raspberries
  Warwick Farm (2) Pinwheel
    Skytrain
  Warwick Farm (2) Ambidexter
    Radar
D Skinner Muswellbrook Stirring Emotion
  Narromine Stirring Emotion
M & Mrs B Stapleton Casino Great Leap Forward
Ms L Stedman Wyong Dal Rommel (NZ) *
P Stubbs Tamworth Falzzon
F & Mrs S Tagg Rosehill Altius
Ms M Tesoriero Sapphire Coast Let's Tell A Tale
H W Truscott Randwick Hot Stash
N & Mrs A Vass Canterbury Silent Reward
J Vouris Sapphire Coast Let's Tell A Tale
P Webb Newcastle Done Nothin' Wrong
  Randwick Kabuki Kiss
M Whitby Kembla Heza Playboy (NZ)
G Williams Goulburn Queen Commander
S Woodcock Canberra Island Bel
* Footnote: Both Al’s Pride and Dal Rommel (NZ) were also successful in July 2011.
 

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

The Honour Roll for the 2011-2012 season is as follows:

 

2011/2012 NSWROA Members Black Type Honour Roll
Current to 31 August 2011

Race Name Horse Owner
G2 ATC Warwick Stakes Pinwheel Sheikh Mohammed
G3 ATC Silver Shadow Stakes Pane in the Glass Patinack Farm Racing Syndicate
G3 ATC Run To The Rose Smart Missile Gooree Pastoral Company
LR ATC The Rosebud Aeronautical L Cohen
LR MRC Vain Stakes Sepoy Sheikh Mohammed
LR ATC Show County Quality Skytrain Sheikh Mohammed
LR MVRC William Crockett Stakes Kneeling Patinack Farm Racing Syndicate

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

CORPORATE MEMBERSHIP – QANTAS CLUB

Members are reminded that the Association has a corporate membership scheme for The Qantas Club.

This means that as an NSWROA member you are eligible to obtain a substantial discount when joining the Qantas Club.

As a Qantas Club member you will be welcome in Qantas Club, Qantas International Business Lounges, partner airline and association airline lounges worldwide. So whether you’re travelling for business or leisure, you can look forward to a more comfortable pre-flight experience. Other Qantas Club benefits at the airport include dedicated check-in, smarter check-in, priority baggage, extra check baggage allowance, discounts on Qantas Meeting Room rates etc.

Please note that you must be a Frequent Flyer member, and quote the NSWROA membership number which can be obtained from the NSWROA office.

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
16 September 2011

STOP PRESS – MATTHEW TALBOT HOMELESS SERVICES RACE DAY – 8 OCTOBER 2011

Matthew Talbot Homeless Services will be conducting a Race Day Luncheon in the Grand Pavilion at Rosehill Gardens Racecourse on 8 October 2011.

This year’s Race Day will raise funds to support the “Our Lady of the Way” refuge for women, a special work of the St Vincent de Paul Society.

Tickets are priced at $150 per person or $1,500 for a table of 10.

For more information or bookings email events@vinnies.org.au, telephone (02) 9568 0243 or visit the website www.vinnies.org.au.


 

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