HRA Members have today approved the following amendments to the Australian Handicapping Rules (“Handicapping Rules”):
• Definition 2.12 – Graduation Race; and
• Definition 2.22 – Stakemoney
Definition 2.12 – Graduation Race
The stakemoney threshold for a Graduation Race will increase from “not exceeding $3,500” to “not exceeding $4,500”.
The Australian Handicapping Rules, Definition 2.12 will now read:
2.12 Graduation Race
A race with stakemoney greater than $2,000 but not exceeding $4,500.
Definition 2.22 – Stakemoney
The purpose of this amendment is to both clarify and provide certainty as to the treatment of various bonuses and if they are to be included, or excluded, as a part of Stakemoney.
The Australian Handicapping Rules, Definition 2.22 will now read:
2.22 The total Prizemoney specified in the published conditions of a race excluding GST when applicable which:
- includes float rebates time incentives and unconditional bonuses (including cash and the retail value of vouchers, credit, goods and or services); and
- excludes trophies and conditional bonuses (including breeding scheme and Industry Association or Club Membership bonuses where a fee is applicable to be eligible for that bonus).
State Controlling Bodies (SCB’s) will each determine dates of effect for their individual jurisdictions, but it is not expected to be a particularly lengthy implementation period.
For further information, please contact:
Andrew Kelly on 03 9227 3000
Ends.