MaltedMilkshake Posted September 10, 2018 Share Posted September 10, 2018 I’m interested to hear from learned yarners with their take on this issue. I’m reading this should be implemented by Taxinda in her term as PM. Could this have been a trade off for monies need by WP to implement various recommendations in the Messara Report. Of course, the major segment that will be hit by this will be the traders (which I’m not too sorry about) ...and I’m thinking why Messara didn’t protect this area when compiling the report. Quote Link to comment Share on other sites More sharing options...
Reefton Posted September 11, 2018 Share Posted September 11, 2018 (edited) they have indicated it is off the table but if it came in and you made a dollar on a horse you would be up for it(assuming you breached thresholds of course - they are not going to chase you for tax if you sold at a $1000 profit - might be different if you made $100000) Not entirely sure what that has to do with the Messara report? Edited September 11, 2018 by Reefton Quote Link to comment Share on other sites More sharing options...
MaltedMilkshake Posted September 11, 2018 Author Share Posted September 11, 2018 I think there are some parallels here...nowhere does JM mention a tax on exported horses that can go back to racing, .but when the CGT is implemented that will capture significant amounts, considering what horses to Asia/Australia are sold for... I heard on radio (Jack Petley) that the kind of money Nicholas Bishara was offered for his Zed filly was in the region of $600,000....so that’s just the tip of the iceberg... so I’m thinking why wouldn’t this have been ringfenced by JM in order to ensure these funds go back to racing...because as it now appears, these funds will go into general coffers for wastage on other Government expenditure... Quote Link to comment Share on other sites More sharing options...
curious Posted September 11, 2018 Share Posted September 11, 2018 Not sure why racing should get the CGT on horse sales. Every other industry would claim the same treatment wouldn't they? 1 Quote Link to comment Share on other sites More sharing options...
MaltedMilkshake Posted September 11, 2018 Author Share Posted September 11, 2018 That’s what I’m saying....why wouldn’t those CGT revenue been part of WP deal with the Govt? At least for a few years...it would be the industry funds supporting the industry...? The industry could then show the Govt it is a worthwhile and viable cause in which to invest... Quote Link to comment Share on other sites More sharing options...
Reefton Posted September 11, 2018 Share Posted September 11, 2018 Well the press in the last couple of days has made it clear - no CGT Quote Link to comment Share on other sites More sharing options...
Reefton Posted September 11, 2018 Share Posted September 11, 2018 2 hours ago, MaltedMilkshake said: That’s what I’m saying....why wouldn’t those CGT revenue been part of WP deal with the Govt? At least for a few years...it would be the industry funds supporting the industry...? The industry could then show the Govt it is a worthwhile and viable cause in which to invest... You may as well forget about significant government assistance for the racing industry - they are not going to give racing dosh while they have nurses teachers and other public servants squealing for money. Contrary to the rosy picture everyone seems to paint of Aussie racing there is an awful lot of Government assistance involved in the boom going on racing wise. And when National inevitably get back in here they are going to have to tighten the belt considerably to get the economy sorted out again so no hope there either(and they are hardly going to have a sympathetic ear for Winston's cronies are they?) Quote Link to comment Share on other sites More sharing options...
MaltedMilkshake Posted September 11, 2018 Author Share Posted September 11, 2018 I have to agree...it was always my source of despair that this government would not put a cracker in when Taxinda has taken on, personally, the portfolio of fixing child poverty....so that’s why I thought a few smart people (oxymoron, I know) could have traded of CGT from racing to fund necessary improvements....at least for a set period until industry could be self funding... Yes, there are some real issues facing people in Victoria...lack of meetings, especially on Saturday, no one wants to race on the synthetics, the discrepancy in prize money between NSW & VIC ...is all about to hit the fan. Racing Vic operating costs are 45% higher than RAcing NSW... big industry players are now starting to speak up about the state of things...so here’s hoping there will be a change of Government down there by the end of the year and VIC can be competitive again...because as it currently stands, there is not a lot of incentive to race horses there. Quote Link to comment Share on other sites More sharing options...
Hedley Posted September 11, 2018 Share Posted September 11, 2018 "no one want to race on the synthetics"....and we're getting THREE of them Lol they're crap surfaces and i won't be betting on them ..many horses don't like them either 1 Quote Link to comment Share on other sites More sharing options...
Reefton Posted September 11, 2018 Share Posted September 11, 2018 2 minutes ago, Hedley said: "no one want to race on the synthetics"....and we're getting THREE of them Lol they're crap surfaces and i won't be betting on them ..many horses don't like them either one suspects this whole thing could easily turn into a disaster. Especially with the involvement of the idiots in Wellington and the idiots in Petone However since they intend to rip my club off I will not have one ounce of sympathy 1 Quote Link to comment Share on other sites More sharing options...
curious Posted September 11, 2018 Share Posted September 11, 2018 10 minutes ago, Hedley said: "no one want to race on the synthetics"....and we're getting THREE of them Lol they're crap surfaces and i won't be betting on them ..many horses don't like them either I think they might be a useful option for training and possibly jumpouts. Shouldn't be used for anything else though. Virtually all the ones installed in the US have been ripped out. 2 Quote Link to comment Share on other sites More sharing options...
Hedley Posted September 11, 2018 Share Posted September 11, 2018 Our Summer Sun will stuff them..mark my words 1 Quote Link to comment Share on other sites More sharing options...
Dark Beau Posted September 11, 2018 Share Posted September 11, 2018 Hedley, I couldn’t agree more with you. It will be a waste of millions, 50+ at a minimum and that’s without the massive maintenance costs, until they decide that they are an unmitigated disaster. 1 Quote Link to comment Share on other sites More sharing options...
curious Posted September 11, 2018 Share Posted September 11, 2018 1 hour ago, Hedley said: Our Summer Sun will stuff them..mark my words That's why they have to be re-waxed and then fully replenished every few years. The worst part about it though is that when subjected to higher temperatures they generally become slower, their consistency changes, and injury rates increase from what I've read. I really don't understand where the bright idea to install three of them emerged from. 1 Quote Link to comment Share on other sites More sharing options...
Dark Beau Posted September 11, 2018 Share Posted September 11, 2018 Tony Pike, as President of the Trainers Association has certainly been leading the charge in the north and Michael Pitman in the south. Who it is for Awapuni, I don’t know but I suspect that it is Alastair Robinson, CEO of RACE. Quote Link to comment Share on other sites More sharing options...
MaltedMilkshake Posted September 11, 2018 Author Share Posted September 11, 2018 6 hours ago, Hedley said: "no one want to race on the synthetics"....and we're getting THREE of them Lol they're crap surfaces and i won't be betting on them ..many horses don't like them either The only trainer you can follow with confidence on the synthetics is HH & Dabernig...I think they must have the same kind of synthetic track at Lindsay Park....smart people Quote Link to comment Share on other sites More sharing options...
curious Posted September 11, 2018 Share Posted September 11, 2018 6 hours ago, MaltedMilkshake said: The only trainer you can follow with confidence on the synthetics is HH & Dabernig...I think they must have the same kind of synthetic track at Lindsay Park....smart people http://www.prorideracing.com/tracks/lindsay-park Quote Link to comment Share on other sites More sharing options...
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