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QTIS DEADLINE LOOMS…
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As you would be well aware QTIS nominations for this season have been drastically reduced.
T
he changes to the Queensland Thoroughbred Investment Scheme (QTIS) is for the current registration of 2010 foals.
These changes were brought about by a meeting between Racing Queensland Limited and the Thoroughbred Breeders Queensland Association.
This revised scheme delivers total benefits of $8.01 million to eligible horses born from the 2010 breeding season. Horses born before this will continue under their original schemes.
The benefits include:
METROPOLITAN
$35,000 bonuses will be allocated to the two and three-year-old races at each Saturday and public holiday metropolitan meeting, with base prizemoney less than $100,000.
PROVINCIAL
$12,000 bonuses will be allocated to provincial TAB meetings.
METROPOLITAN MIDWEEK
$10,000 bonuses will be allocated to metropolitan midweek meetings.
COUNTRY
$5000 bonuses will be allocated to non-TAB meetings.
This means eligible two and three-year-olds will compete in applicable races for a minimum of $85,000 at metropolitan meetings, $27,000 at metropolitan midweek meetings, $22,000 at provincial meetings and $11,000 at strategic non-TAB meetings. Effective from September 1, 2012 will be the metropolitan midweek bonuses for two and three-year-old horses and country bonuses will also be lifted to $5000 for two, three, four and five-year-old horses. These two components are also effective for horses under the previous QTIS.
THREE-YEAR-OLD
$50,000 – Townsville
$50,000 – Rockhampton
$30,000 – Mackay
$30,000 – Cairns
$30,000 – Roma
TWO-YEAR-OLD
$50,000 – Townsville
$50,000 – Rockhampton
$30,000 – Mackay
$30,000 – Cairns
$30,000 – Emerald
Both Queensland bred and breedback eligibility will remain the only eligibility criteria.
The initial fee has already closed at the below fees:
• Queensland-bred – $350 + GST
• Breedback – $900 + GST
Those yearlings where a payment has not been received by October 1 can still be eligible for the scheme. As outlined below there is a two-tiered structure depending on whether the October registration was undertaken and whether the yearling is Queensland-bred, or eligible via the breedback component of the scheme.
Initial Payment:
Queensland bred: $350 +gst
Breedback: $500 +gst
No Initial Payment:
Queensland bred: $700 +gst
Breedback: $1400 +gst
Due to these changes the last payment deadline of June 30, 2012 has been extended until July 31, 2012.
You can access the registration form on the following link:
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