curious

Extra to what?

Page 29of 167RULES OF RACINGPART IAPPLICATION, INTERPRETATION AND DEFINITIONSAPPLICATION101(1)These Rules shall apply to all Races, Race Meetings and all matters connected with racing, and shall apply to and be binding on:(a)NZTR; (b) all Clubs and Club Committees; and agents, employees and officers of every such Club;(c) all Licensed Persons and others working in or about any racing stable, or in connection with the management, care, control or superintendence of racehorses and their training and riding;(d)all Owners, lessees and any persons comprising or having a legal or beneficial interest (either directly or indirectly) in an Owner, lessee or Legal Ownership Entity that is an Owner or lessee, or in a Legal Ownership Entity that has a legal or beneficial interest (either directly or indirectly) in an Owner or lessee under these Rules, and the Racing Manager, as applicable, thereof;(e)all persons seeking admission to or attending any Racecourse on which any Race Meeting is held;(f)all Horse Breeders;(g)every person who in any manner directly or indirectly, by himself or any other person on his own behalf or on behalf of any other person, does or attempts to do any act or thing for the purpose of securing any right, benefit or privilege which he or any such other person is not entitled to receive under these Rules, or to evade any disability of any kind imposed on him or any such other person by or under these Rules;(h) every person who aids, abets, counsels or procures a breach of these Rules (and such person shall be liable to the same penalty as is provided for the actual breach);(i)every person who so acts as to bring himself within the purview of these Rules; and(j)all Judicial Committees and Appeals Tribunals.

Perhaps RITA funded them anyway despite no pokie income.

Maybe. I can see how clubs that had meeting payments in say June last year but not this year may have been eligible.

That does seem a bit odd. Did you check GRNZ? The problem is we don't know what payments RITA were making to the codes during the Covid period if any.

Presumably that means they didn't meet the 40% year on year reduction in revenue requirement?

Can't remember. Around 2012 I think. It is deemed a training and trials facility by NZTR which won't support a race date.

I agree. And despite the tragic nature of the outcome, the severity of any offence can not really be judged by that.

Yeahh the committee gets out there, puts it back and polishes it up overnight.

Definitely. And it's self-cleaning at no cost.

Some do. There's a giant natural water walker down there too.

Didn't hear any whips cracking. Probably in the thud thud range. Looking over the rail they were just cutting into it a bit but no clods flying.

Probably just build it on piles might work.

Yes

Saw a few gallops there this morning. You could hear them coming from the top of the straight, admittedly on the outside rail.

Not going by what Treasury's due diligence reported at the time of the budget bailout package. Additional recommendations 1 note that this initiative will address the identified Racing Industry Transition Agency (RITA) funding requirements through to 31 July 2020; 2 note that the support package for RITA is based on the assumption that its lender, ASB Bank Limited (ASB), will formally agree to continue its current debt support for RITA; 4 note that the Department of Internal Affairs will report to the Minister of Finance and Minister for Racing to seek approval of any conditions associated with the grant to RITA and to any next steps; 5 note that due diligence on the RITA has confirmed that there were significant commercial and ownership issues that existed prior to COVID-19, and that the long-term commercial viability of RITA may be in question unless significant reforms are made; 6 note that RITA is likely to require further additional support in the future to position the industry for recovery,

17 July 2020 New Zealand Thoroughbred Racing (NZTR) announced today that stakes levels for the 2020/21 racing season will return to those in the 2019/20 season pre-COVID. “The NZTR Board met yesterday and I am pleased to advise the wider industry that our stake levels were determined for the coming season,” NZTR CEO Bernard Saundry said. “It is our intention that stakes levels will remain consistent with the pre-COVID levels, however we need to be aware that we continue to operate in an uncertain environment.” “As an industry we need to be cognisant of the continuing uncertainties that COVID-19 has brought about and be nimble enough to make adjustments if required,” Saundry said. “As a code we will work closely with the TAB to address any variations that may occur during the upcoming season,” he said. “At the same time though, we need to provide encouragement for our owners, and we will be continuing with two initiatives introduced during our return to racing period in the new season.” NZTR introduced payment back to 14th place and no nomination or acceptance fees for those horses which started at the return to racing meetings, as an acknowledgement of the difficult times experienced by owners during the lockdown period. Both will continue from 1 August. On the programming front, August and September will see the return of Maiden, 3YO and R65 races. Programmes will still include Open Entry races to maximise opportunities for horses, however this will be reviewed throughout that period. “NZTR acknowledges the support of the government and the Racing Industry Transition Agency (RITA) during these difficult times as we navigated the lockdown and post-COVID environment while also negotiating the passage of the Racing Industry Bill,” Saundry said.

No. They "vest in the racing code with which the club was registered" under the Act.

They never will. As I understand it if the assets are transferred under the legislation it is to the codes?

Could we re-cultivate that here?

What locals? The ones on the piss?

Meeting News Programmes for Aug and Sept 2020 Please find attached the programmes for the first two months of next season for both Islands. Although not confirmed it is expected that stakemoney will be at a similar level as that raced for last season. A programming guide will be sent out later this month. Please click here to view NI programming chart Please click here to view SI programming chart

Interesting that you mention revenue per horse. That's a far better estimate in my view of how we are doing stakes wise in my view especially when comparing with Oz etc. i.e. total stakes available p.a./number of individual horses. That's what really matters to owners. Reduced stakes and reduced opportunities as you suggest may also realign the horse numbers to the opportunities and available tracks.

Might be about right with the reduction in distributions to $140m?

No. Despite that and the duty relief, net loss after distributions which are static has gone from -15m to -16m for the half year and this was pre-Covid.