Chairman’s Report: June 2022

The QTOA has welcomed the recent racing tax reform announcement by the State Government and has made moves to ensure it plays a role in discussions relating to how the proceeds will be spent by Racing Queensland.

A new 5% racing levy will be introduced to the state’s Point of Consumption Tax (POCT), which will rise from 15% to 20% as of December this year.

Racing Minister Grace Grace said other benefits of the industry reforms include a further injection of $50 million from Tabcorp to cater for future racing infrastructure needs, and a one-off payment of $100 million to Racing Queensland.

Read the full announcement here

From the QTOA’s perspective, the racing tax reform is a win for the industry and the QTOA will ensure it plays role in how the proceeds are returned to the industry.

The QTOA has spoken with Racing Queensland about being part of the discussion on how the added investment is spent.

There has been suggestions of prizemoney increases, support for Country Racing and one-off meetings so we are keen to see exactly what this entails.

The announcement was a timely one as the QTOA Board recently agreed to write to Racing Queensland to ask them to instigate a full review of the allocation of the Queensland Racing Prizemoney, right across the state.

We believe the review will be a vital process to engage with all owners who racehorses in Queensland, on the best ways to incentivise owners, and for owners to provide feedback to the key stakeholders in Queensland.

As part of the review, QTOA will engage with owners and members through face-to-face forums, online surveys and at Race Meetings across the state, on the best ways to support and grow ownership over the next 10-20 years.

Some of the QTOA Members feedback over the past 6 months includes:

  • Metro Prizemoney Vs Regional Prizemoney – With more Owners in Regional QLD, have we got the mix right?
  • What happens to prizemoney when Race Meetings are abandoned, or a race dropped due to insufficient starters?
  • Do we need to pay down to 8-10th when sometimes there is less than that in the field?
  • Can prizemoney be allocated/budgeted across the state in hub/areas allowing owners, trainers, clubs to get their fair share?
  • Are we spreading prizemoney too far across too many race meetings?
  • How do we look to continue to retain owners in Queensland when prizemoney is down on other states?
  • Can Owner Groups be set up in each hub/area to provide a more constant/live communication channel?

While some of the above may already in place, QTOA believe that a fully integrated (Clubs, Trainers, Owners) review would allow all parties the ability to steer racing in Queensland forward.

In doing so, we would need as many owners as possible to sign up to QTOA, at www.qtoa.com.au, to allow for a more streamlined communication through this process. 

Regional Cups to take centre stage over the next 3 months

After a highly successful Queensland Racing Carnival from April 30 -2 July, the focus quickly turns to the Regional and Country Cups with a number of regional events taking place over the next few months.

As part of the Country Cups, QTOA will be out talking to owners about the importance of a united front and what is important for owners, including having our say on the new POC announcement made in June.

It is important that we continue to support these regional and country race meetings and QTOA will look to host a number of supporting events around these days.

A breakdown of these Race Days include:

  • July 9 – Rockhampton Cup
  • July 23 – Mackay Cup
  • July 23 – Bundaberg Gold Cup
  • August 6 – Townsville Cup
  • August 27 – Cairns Cup
  • September 10 – Cairns Amateurs
  • September 17 – Pink Ribbon Cup
  • September 24 – Toowoomba Cup

If you would like to know more, please get in contact with our CEO Ben Mannion on ceo@qtoa.com.au

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