FROM THE PRESIDENT’S DESK

Haven’t we seen some fantastic racing at the Sydney Spring Carnival?  As is always the case at this time of the year, the cream has truly “risen to the top”, and this year is no exception to the rule.

My best wishes in particular to all members who have runners at the various Spring Carnivals.  I wish you every success at this wonderful time of year.

There has been a lot going on personnel wise within the industry this past month.  Mr Laurie Macri has been elected Chair of the Australian Turf Club (ATC) following the retirement of Mr Michael Crismale and Ms Trish Egan has been elected Vice-Chair.  On behalf of the NSWROA Committee, our members and myself may I take this opportunity to publicly congratulate Mr Macri and Ms Egan on their election to these prestigious roles and also to acknowledge the service Mr Michael Crismale has given to the ATC and the Sydney Turf Club over a nine year period in racing administration.  We wish Mr Crismale all the very best in his future endeavours.

Our Association has also seen some changes with our Vice President and Treasurer, Peter Beer and NSWROA Committee Member Francis Cook departing.  My thanks to both gents for their service to the Association and best wishes for the future.

May I also take this opportunity to advise members that Mrs Judy Foley has recently joined the NSWROA Committee.  Judy will be formally introduced to members in next month’s “A Quick Word With” column.

Racing NSW has released the 2017 dates for the wonderful initiative that is the Country and Provincial Championships – see item later in newsletter for further details.

Racing NSW have also just announced an Emergency Funding Relief Package for Southern, Central and Western Districts trainers and owners following a prolonged stretch of wet weather and storm damage.  Click here to view the relevant media release.

And in closing, the darling of the Sydney (and most probably Australian) racing scene Winx was named the 2016 Australian Horse of the Year on 29 September 2016.  Our congratulations to her owners.  Further details regarding this awards night will also appear later in the newsletter.

 

On behalf of our Members, NSWROA is grateful for the sponsorship and support of Tabcorp.

TABCORP, we’re committed to supporting the racing industry.

Tabcorp is Australia’s leading wagering and entertainment group. We pride ourselves on our commitment to the Australian Racing Industry through our support of organisations like NSWROA.

Tabcorp returned $735 million to the racing industry in FY14 contributions such as this help to ensure the preservation and improvement of the industry and its people.

Having a bet with the TAB lets you be part of the action by getting involved in the race or the game. You can bet at any of the widely distributed TAB retail outlets, online, by phone or at the track - it's your choice.

You can also enjoy the best features of the TAB when you’re out and about with our website or app. Compatible on all devices.

  • Fast, responsive data loading – makes for easy betting and up-to-date odds
  • Multi building so you can place multis faster
  • My Account functionality: Pending Bets, Account Balance, Bet history and Account Statements.

Click here to open an account now or to download the TAB App, visit tab.com.au on your mobile device.

If you have any inquiries or questions, please contact our friendly customer service staff on 133 390.

 

NIGHT RACING FUNCTION AT CANTERBURY – FRIDAY 25 NOVEMBER 2016

 

The Association will be conducting our last function for 2016, a night racing cocktail function at Canterbury Park on Friday 25 November 2016, to celebrate Christmas and the year that was and you are cordially invited.

As members who have previously attended our night racing functions will tell you, a fantastic time is had by all.

The function will take place in the Directors Room, which is situated right in front of the Winning Post, and has its own private lift entry and private tote facilities.

The cost of the function is $88.00 per person which includes free admission to the track, a race book and a mouth watering cocktail menu.

If you are interested in attending, please complete the booking form and return to the NSWROA office by Friday 18 November 2016 by:

      Email:              nswroa1@ozemail.com.au
      Facsimile:         (02) 9299 3212
      Post:                GPO Box 1506, Sydney NSW 2001

We look forward to seeing you on the night.

 

COUNTRY RACING UPDATE

The President has referred to good news about the Country Championships increase in prizemoney and the Emergency Funding Relief Package.

In relation to the Championships, it is indeed pleasing that the heat prizemoney has been raised to $150,000.00.  Also included in the announcement was that all Showcase Meetings, of which there will be 30, a $40,000 maiden will be staged and that race will be restricted to horses trained in the Country.  This is not only innovative, but a great boost for country owners.  The precise handicapping conditions have not yet been finalised.

Likewise, just how the emergency funding will be distributed is also still being finalised and we will follow this closely in order to ensure that owners receive their fair share of the funding that is available.

 

RACING NSW COUNTRY 2016-2017 FIXTURE CARD

 

An electronic copy of the Racing NSW Country 2016-2017 Fixture Card is now available to members.  Click on image to access.

A limited number of “hard copy” Fixture Cards are also available.  If you would like a “hard copy” of the card, simply contact the office and same will be sent to you by mail.

The Racing NSW Country 2016-2017 Fixture Card is brought to you with the compliments of Gow-Gates Insurance Brokers.

 

CARRAZZO CONSULTING UPDATE: ATO RELEASE UPDATE ON LATEST RACEHORSE AUDIT



Back in March this year, Bill Mavropoulos of our office issued a general release advising that the ATO has warned Accountants that they intend to request information from insurance providers in relation to capturing the ownership of ‘lifestyle’ assets including boats, planes, cars and, not surprisingly, racehorses.

That release was a little short on detail as the ATO had not formalised their strategy, but we did promise that we would update the industry when further information came to hand. Well I’m back for this very purpose as the ATO have now issued a document titled ‘Lifestyle Assets Data Matching Program Protocol’, which goes into greater detail re this project, to the extent that it names the insurers it will be approaching and what “asset value threshold” (i.e. sum insured) of the racehorse data it will be collecting.

To put it bluntly, this data matching project should be a warning for wealthy racehorse owners that, with greater compliance resources, the ATO means business and that getting their tax affairs in order is highly recommended (refer ‘risk’ areas below) as many who have insured their interest in a high cost racehorse can be expected to be caught up in this project.

 

Overview
The ATO will obtain information on insurance policies for certain ‘lifestyle’ assets, including marine vessels, enthusiast motor vehicles, thoroughbred racehorses, fine art and aircraft.

In the words of the ATO, “…this data will improve our profiling of taxpayers and provide a more comprehensive view of their assets and accumulated wealth.” In simple English, they want to find out about the income, wealth and tax compliance of rich guys who race horses!

This data matching program will allow the ATO to identify and address a number of taxation ‘non-compliance’ areas, including:

  • Asset betterment - taxpayers accumulating or improving assets but not including sufficient income in their taxation returns to show the financial means to pay for them
  • Income tax and capital gains – owners disposing of horses and not declaring the revenue and/or capital gains on those disposals. This applies to those in a horse business and ‘hobbyists’
  • GST - taxpayers may be purchasing assets for personal use through their business or related entities and claiming input tax credits they are not entitled to
  • Fringe benefits tax - taxpayers may be purchasing assets through their business entities, but apply those assets to the personal enjoyment of an associate or employee giving rise to a fringe benefits tax liability
  • Superannuation funds - self-managed superannuation funds may be acquiring ineligible racehorses that are being put to their own ‘personal use’
  •  

How the data will be used
The data that the ATO gathers will not be used to directly initiate compliance activity, but it will be made available to designated ATO officers to assist in their profiling of taxpayers selected for audit and review activities. The existence of an insurance policy for a racehorse may prompt the ATO officer to “pursue a particular line of enquiry”.

 

Insurers approached for policy data
In a quite unprecedented move, and to illustrate the greater compliance powers now available to them, the ATO have publicly released the names of the insurers it will be approaching to collect data, these being:

  • Affinity Equine Insurance Solutions
  • AIG Australia Ltd
  • Allianz
  • AON
  • Associate Marine Insurance Agents Pty Ltd
  • Australian Alliance Insurance Company Ltd
  • Catlin
  • CGU Insurance
  • Club Marine Ltd
  • Comminsurance
  • GIO General Insurance
  • IAG
  • Insurance Australia Ltd
  • Insurance Manufacturers of Australia Pty Ltd
  • QBE Insurance (Australia) Ltd
  • RAA
  • RACWA
  • RACQ Insurance Ltd
  • RACV
  • Shannons
  • Suncorp Metway Insurance Ltd
  • Wesfarmers General Insurance Ltd
  • Westpac
  • YOUi
  • Zurich

If you’re curious as to whether you are caught up in this latest project, the ATO have advised insurers that they can notify their clients of their participation in this program and provide them written materials to assist with this.

In terms of privacy, the insurers have been advised to update their privacy policies to note that personal information is disclosed to the ATO for “data matching purposes”.

 

Data fundamentals
Data will be sought from the above insurers for racehorses insured for greater than $65,000.

The ATO will be obtaining information from the above insurers for the 2013-14 and 2014-15 financial years.

In relation to individual racehorse owners, the ATO will be seeking:

  • Given and surname(s) (if more than one name on the policy)
  • Date of birth(s)
  • Addresses (residential, postal, other)
  • Australian business number (if applicable)
  • Email address
  • Telephone numbers

For non-individuals (e.g. companies or trusts), the ATO will be seeking:

  • Legal and trading names
  • Addresses (business, postal, registered, other)
  • Australian business number and/or Australian company number
  • Contact name
  • Contact phone
  • Contact email address

Policy details

  • Policy number
  • Policy inception date
  • State date of current policy
  • End date of current policy
  • Total value insured
  • Purchase price of the property insured
  • Registration number or identification number of the property
  • Insurance category
  • Description of the property insured
  • Physical location of the property

 

Number of records
As we indicated in our initial release, the ATO anticipate obtaining records of more than 100,000 policies, many of which will be held by individuals.

 

Please contact Paul Carrazzo on 03 9982 1000 if you wish for him to clarify or expand on any of the matters raised in this article.

 

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.

 

Prepared by:

PAUL CARRAZZO CPA
CARRAZZO CONSULTING CPAs
801 Glenferrie Road, Hawthorn, Vic, 3122
TEL:   (03) 9982 1000
FAX:   (03) 9329 8355
MOB: 0417 549 347
E-mail: paul.carrazzo@carrazzo.com.au
Web Site: www.carrazzo.com.au

 

WINX WINS 2016 AUSTRALIAN RACEHORSE OF THE YEAR AWARD

Following on from her win as the TAB.com.au NSW Champion Horse of the Year at the 2016 NSWROA Racing’s Night of Champions in August, Winx has now been awarded the 2016 Australian Racehorse of the Year Award in a glittering ceremony at the Four Seasons Hotel in Sydney on 29 September 2016.

Winx polled 59 of the 60 votes from a national media group to take out the prestigious award.  Winx was also successful on the night in the Champion Middle Distance Racehorse of the Year category.

In a stellar 2015/16 racing season, Winx won each of her seven starts (which included 5 Group One wins and 2 Group Two wins) and has now maintained that unbeaten sequence this season to reach 12 straight wins.

The full 2016 category winners on the night were:

Award

Winner

Australian Racehorse of the Year

Winx

Bart Cummings Award (most G1 wins by a trainer)

Chris Waller

Group 1 Jockey of the Year

Hugh Bowman

Champion 2YO of the Year

Capitalist

Champion 3YO Filly of the Year

English

Champion 3YO Colt or Gelding of the Year

Tarzino (NZ)

Champion Sprinter of the Year

Chautauqua

Champion Middle Distance Racehorse of the Year

Winx

Champion Stayer of the Year

Preferment (NZ)

Sire of the Year

Street Cry (IRE)

Champion Jumper of the Year

Zanteco


Our congratulations to all award winners.

 

INDUSTRY UPDATES

Hereunder for the interest of members are some recent industry items:

2016 NSW Country and Provincial Racing Awards
The 2016 NSW Country and Provincial Racing Awards were conducted at the Sheraton on the Park, Sydney on Friday, 30 September 2016 before a large crowd.

The Country recipients of the 2016 awards were:

Award

Winners

Simon Nivision Special Achievement Award

Ian Giffin (Wellington)

Country Horse of the Year

Clearly Innocent

Country TAB Race Club of the Year

Murrumbidgee Turf Club

Community Race Club of the Year

Walcha Jockey Club

Outstanding Achievement Award

Moree Race Club (The Chopper Cup)

Country Trainer of the Year

Brett Thompson

Media Award

John Scorse (SKY)

Country Jockey of the Year

Greg Ryan

Country Apprentice Jockey of the Year

Samantha Clenton

Special Recognition Awards

Barbara Joseph
Geoff Newling

The Provincial recipients of the 2016 awards were:

Award

Winners

Ted McCabe Provincial Recognition Award

Peter Norrgard

Provincial Horse of the Year

Lucia Valentina (NZ)

Provincial Trainer of the Year

Kris Lees

Provincial Jockey of the Year

Brenton Avdulla

Provincial Apprentice Jockey of the Year

Andrew Adkins

Our congratulations to all.

 

Country & Provincial Championships dates released
Racing NSW has announced the dates for the 2017 Country and Provincial Championships with the Northern Rivers region, represented by the Clarence River Jockey Club, having the honour of staging the first Country Championship race on Sunday 12 February 2017 whilst Wyong Race Club will conduct the first Provincial Championship race on Thursday, 23 February 2017.  The 2017 Finals of the two series will be held during The Championships at Royal Randwick Racecourse on Saturday 1 April (Country) and Saturday 8 April (Provincial).

2017 Country Dates are:

Date

Venue

Distance

Region

Sunday 12 February

GRAFTON       

1400m

Northern Rivers

Saturday 18 February

GOULBURN

1400m

South East

Sunday 19 February

DUBBO           

1400m

Western

Sunday 26 February

TAREE

1400m

Mid North Coast

Sunday 5 March

SCONE            

1400m

Hunter & North West

Sunday 12 March

WELLINGTON

1400m

Central Districts

Sunday 19 March

ALBURY

1400m

Southern Districts

Sunday 26 March

MUSWELLBROOK

1280m

‘Wild Card’

Saturday 1 April

ROYAL RANDWICK

1400m

FINAL

2017 Provincial Dates are:

Date

Venue

Distance

Thursday 23 February

WYONG

1350m

Thursday 2 March

HAWKESBURY

1400m

Wednesday 15 March

GOSFORD

1200m

Thursday 23 March

KEMBLA GRANGE

1400m

Wednesday 29 March

NEWCASTLE

1400m

Saturday 8 April (FINAL)

ROYAL RANDWICK

1400m

 

Important Stewards Notice - Dual Acceptances
The Board of Racing NSW recently introduced an amendment to LR42(1), that now requires all horses that hold a dual acceptance for races at the same race meeting, to be withdrawn from additional races by 5pm on acceptance day, so that each horse only holds an engagement in one race.  The amendment, effective 1 October 2016, was introduced to balance the competing interests of owners and trainers to ensure they are provided with the opportunity to select the most suitable race for their horse to compete in and punters to ensure that certainty is provided when bets are placed subsequent to final fields being declared. LR42 now states;
LR 42. (1) The trainer of any horse accepted in more than one race at the same NSW race meeting, must by no later than 5:00pm on the day of acceptances for such meeting, elect which engagement the horse will fulfil by withdrawing the horse from all other engagements at that meeting, except where the horse is an emergency runner in an alternate race.

 

BOBS & BOBS EXTRA UPDATE


Update by Mark Brassel, Racing NSW Media, Communications & Website Manager

 

GODOLPHIN YOUNGSTER JORDA MADE AN AUSPICIOUS DEBUT, BANKING A $20,000 BOBS BONUS FOR CONNECTIONS IN HER GIMCRACK STAKES VICTORY

Jorda, an unraced daughter of Exceed and Excel, captured the third successive Gimcrack Stakes win for Godolphin by cruising away to a three-quarter of a length win for James McDonald in the Listed event.

Godolphin had previously been successful in the Royal Randwick race with Calliope (2015-James McDonald, $1.90 favourite) and Calaverite (2014-Sam Clipperton, $21).

Jorda was sent out the $1.95 favourite on the back of an impressive barrier trial win at the same course.  And the filly didn’t disappoin=t, being parked in the one-out one-back position by McDonald.  Once the hoop stoked up the filly at the 300m, Jorda quickly ran past the leaders and although running greenly over the concluding stages, the youngster outclassed her opponents.  “This is a lovely filly and she does everything right,” McDonald said afterwards.  “She's clean-winded and is bombproof.  “She still has plenty of growing to do; imagine when she grows and fills out because she moves like a panther.  She really covers the ground and possesses a beautiful stride.”

The Peter & Paul Snowden-trained three-year-old Niccolance jumped to the lead of the BOBS Bonus Scoreboard following his second straight win earlier this month.  After claiming a $10,000 BOBS bonus at Rosehill Gardens, the Nicconi colt led throughout to score well under 59kg at Royal Randwick on a Saturday with Koby Jennings riding, thereby netting a $20,000 bonus for his owners.

 

BOBS BONUS LEADER BOARD

Horse Sire Bonus Money Bonuses
NICCOLANCE Nicconi $30,000 2
SOFIN Casino Prince $25,000 2
DOWDSTOWN CHARLIE Myboycharlie (Ire) $20,000 1
EVACUATION More Than Ready (USA) $20,000 1
JORDA Exceed And Excel $20,000 1
KHAN Exceed And Excel $20,000 1
LUIZA I Am Invicible $20,000 1
MOQUEEN Uncle Mo (USA) $20,000 1
MY GIULIANO Choisir $20,000 2
SEZANNE More Than Ready (USA) $20,000 2
SUPER MAXI Redoute's Choice $20,000 2
SUSPENDERS Snitzel $20,000 2
ACATOUR Sebring $15,000 2
OCULIST Al Maher $15,000 2
VELADERO Medaglia D'oro (USA) $15,000 2

 

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 September 2016


Owner

Meeting

Horse

G Altomonte

Randwick

Fabrizio

G Bachell

Wyong

Boaz

R J Balding

Muswellbrook

Pandeia

R S Balding

Muswellbrook

Pandeia

B & Mrs L Bryant

Canberra

Fox Tales

 

Kembla

Fox Tales

J Camilleri

Hawkesbury

Bella Vino

Mrs C Cook

Randwick (2)

Foxplay (2)

F & Mrs C Cook

Rosehill

McCreery (GB)

 

Wyong

Scooner (USA)

J & Mrs P Cornish

Kembla

Diddums

F Crews

Hawkesbury

Balboa Park (NZ)

Emirates Park

Kembla

Intueri

Godolphin

Canterbury

Painted Firetail

 

Hawkesbury

Grincheux

 

Kembla (5)

Bryneich

 

 

Chicago Stomp

 

 

Grincheux

 

 

Honeywine

 

 

Ozark

 

Newcastle

Bezel

 

Newcastle

Chetwood

 

Randwick (3)

Hartnell (GB)(2)

 

 

Hauraki

 

Rosehill (3)

Allergic

 

 

Astern

 

 

Impending

 

Rosehill

Morton's Fork

 

Wyong

Fitou

 

Wyong (3)

Cottage

 

 

Submissive

 

 

Thar

M Gordon

Warwick Farm

Doc Holliday

G Harvey

Randwick

Felines

Ms L Ingham

Warwick Farm

Fine Mist

Mrs C Irwin

Moree

Rubymay

R Kemister

Rosehill

Heavens Above

Mrs D Kepitis

Randwick

Winx

 

Warwick Farm

Fine Mist

M & Mrs E Kowalczuk

Taree

Jemily

W Lanham

Hawkesbury

Concessions

K Maloney

Goulburn (3)

Brulee

 

 

Deer Mountain

 

 

Fabvier

 

Moonee Valley

Voodoo Lad

Mrs M McLeish

Randwick (2)

Foxplay (2)

W & Mrs R Mula

Flemington

Kentucky Miss

 

Warwick Farm

Countess Marinov

Dato Tan Chin Nam

Goulburn

Clear Ripples

 

Kembla (2)

Nassak (NZ)

 

 

Savvan (NZ)

 

Wyong

Dependable

I Patrick

Hawkesbury

Balboa Park (NZ)

Mrs E Pond

Hawkesbury

Meiner Freccia (JPN)

D Ramage

Goulburn

Clear Ripples

 

Kembla (2)

Nassak (NZ)

 

 

Savvan (NZ)

 

Wyong

Dependable

Mrs M Smith

Cessnock

One Stryke

 

Nowra

Bogie

 

Scone (2)

One Stryke

 

 

Royal Reggie

J L Thompson

Scone

Solicitation

T & Mrs D Wallace, J & Miss H Wallace

Scone

Archibald

W & Mrs L Watkins

Kembla (2)

Coco Rio

 

 

Love Takes Over

M Whitby

Newcastle

Miss Elly May


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 2016-2017 season is as follows:


NSWROA Members
2016/2017 Black Type Honour Roll
Current to 30 September 2016

Category

Race Name

Horse

Owner

G1

ATC The Golden Rose

Astern

Godolphin

G1

ATC George Main Stakes

Winx

Mrs D Kepitis

 

 

 

 

G2

ATC Warwick Stakes

Winx

Mrs D Kepitis

G2

ATC Run To The Rose

Astern

Godolphin

G2

ATC Furious Stakes

Foxplay

Mrs C Cook, Mrs M McLeish

G2

ATC Chelmsford Stakes

Hartnell (GB)

Godolphin

G2

ATC Tramway Stakes

Hauraki

Godolphin

G2

ATC Tea Rose Stakes

Foxplay

Mrs C Cook, Mrs M McLeish

G2

ATC Hill Stakes

Hartnell (GB)

Godolphin

G2

ATC Stan Fox Stakes

Impending

Godolphin

 

 

 

 

G3

ATC Toy Show Quality

Pearls

Godolphin

G3

MRC The Heath 1000 Stakes

Redzel

J N Allen

G3

ATC Concorde Stakes

Felines

G Harvey

G3

ATC Kingston Town Stakes

McCreery (GB)

F & Mrs C Cook

G3

ATC Sheraco Stakes

Heavens Above

R Kemister

G3

NJC Cameron Handicap

Chetwood

Godolphin

G3

ATC Colin Stephens Quality

Allergic

Godolphin

 

 

 

 

LR

MRC Regal Roller Stakes

Voodoo Lad

K Maloney

LR

HRC Rowley Mile

McCreery (GB)

F & Mrs C Cook

LR

WRC Mona Lisa Stakes

Fitou

Godolphin

LR

MVRC Chandler Macleod Stakes

Voodoo Lad

K Maloney

LR

VRC Cap D'Antibes Stakes

Kentucky Miss

W & Mrs R Mula

 

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

 

SHOWCASE MEETING – SCONE – FRIDAY, 14 OCTOBER 2016

Scone is the venue for the next Showcase Meeting to be held on Friday, 14 October 2016.

The exciting eight event card has a BOBS Bonus available on all races.

The feature race of the day is the Glenbawn Handicap an open race to be conducted over 1400 metres.

All eight races on the program have $30,000 in prizemoney on offer.

For further details regarding this meeting visit the Scone Race Club’s website at www.sconeraceclub.com.au.

 

GENERAL

Have you have recently moved, changed your postal address or obtained an email address?

If so, it would be greatly appreciated if you could contact the office in order for our records to be updated accordingly.

Yours in Racing
Ray McDowell
President

14 October 2016

 

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