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Aushorse Proposes Changes To NSW BOBS


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 49. Aushorse Proposes Changes To NSW BOBS

15/05/2003 

Aushorse has provided “a comprehensive proposal to the NSW Thoroughbred Racing Board to substantially enhance BOBS 2006.” Aushorse BOBS sub-committee chairman Antony Thompson explained: “We see our proposal, which has significant modifications to the existing incentive scheme, as a starting point to achieve the TRB’s stated primary objective of encouraging participation in racing in NSW & increasing the interest & viability of racehorse ownership in NSW. But we believe the TRB must fully pursue opportunities for State Government involvement & contribution, as well as commercial opportunities such as the sale of sponsorship & naming rights, & a skins or jackpot element to the bonus, or an increase in bonus payments from the proposed surplus.”

 

A significant feature of the Aushorse proposal is to include broodmare owners, whose nomination fees will ultimately replace fees currently payable by racehorse owners to ensure eligibility. Thompson noted: “In other states we’ve seen a tremendous willingness by broodmare owners to participate in incentive schemes & we believe this element of our proposal has the potential to further enhance our industry in NSW, by encouraging broodmare owners to raise their foals here.” (May 14)

Aushorse Proposal In Detail
The Aushorse proposal suggests a foal born in 2004, sired by a stallion whose progeny are eligible for BOBS, is to be eligible for nomination by the breeder/nominator, with a breeder/nominator fee to replace the owner nomination fee, & to be split into 2 categories:


(a) NSW Raised: If the foal resides in NSW for 6 continuous months during the period (which commences when the foal was born & expires on 1 February 2006), a $330 (inc GST) nominator’s fee is payable by 1 February 2006 for a 2004 foal.


(b) Raised Interstate or Overseas: If a foal by a BOBS nominated stallion does not reside in NSW for 6 continuous months during the period (which commences when the foal was born & expires on 1 February 2006, a $1,100 (inc GST) nominator’s fee is payable for a 2004 foal by 1 February 2006. Under this amendment:


racehorse owner nominations would cease once breeder nominations take effect in BOBS 2006;
stallion nominators would contribute an estimated $1.83 million to BOBS 2006 & would receive 20% of the bonus (an increase from 12.5% offered in BOBS 2003);


the racehorse owner would not have to make any payment to participate in the scheme & would receive 52.5% of the bonus, or about $4.2 million;


the broodmare owner/nominator would pay either $330 or $1,100 (less than Super VOBIS) & would receive 20% of the bonus, as well as an extra $900,000 available under the Aushorse black type race element of the proposal.

 

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