In a massive win for owners, breeders and trainers in Queensland, the popular Queensland Thoroughbred Incentive Scheme (QTIS) will remain virtually unchanged.
The Thoroughbred Breeders Queensland Association (TBQA) welcomes the decision by RQ to maintain the scheme with the key components remaining.
• All 2YO and 3YO QTIS races conducted within Qld will carry the full QTIS bonuses of $35,000, $12,000, $10,000 and $5,000 for their respective meetings. This means that Saturday metropolitan racing in Queensland will be amongst the most rewarding in the country; with colts and geldings eligible to claim prizemoney of almost $63,000 for winning whilst fillies will be racing for a winners cheque of over $75,000 every single week.
• FILLIES BONUS provides the winning 2YO and 3YO fillies with a 50% increase to all standard QTIS bonuses. This is applicable on all QTIS races and for the winner and both placegetters.
• BREEDERS BONUS - Breeders will receive an equivalent of 6 per cent of the winner’s QTIS bonus for all QTIS races in Queensland for progeny of Qld based stallions. This is applicable to 2YO and 3YO racing and will include the progeny of every Queensland based stallion. This is another boost to the industry, as the Breeders Bonus is no longer restricted to only nominated stallions. It is now open to every Queensland stallion.
The loss of QTIS bonuses on 4yo racing will have a very minimal impact, as this was previously on only a handful of selected 4yo races and the loss of restricted QTIS races will also affect a relatively small number as there were only 11 of these programmed annually.
“I applaud this decision by Racing Queensland and CEO Ian Hall, and I am thrilled that they are demonstrating support for our industry,” said TBQA President, Basil Nolan.
“We thank them for listening to our case, and maintaining a strong foundation to grow racing in Queensland.”
Mr Hall told the TBQA that RQ shares our view that the QTIS scheme is a key driver, not only to maintain breeders in the state, but also to encourage ownership of Queensland horses for increased returns.