Wagering taxes cut worth cheer
THE Baird Government has agreed to cut wagering taxes in a move that will eventually increase NSW racing industry revenues by more than $80 million a year.
Racing NSW has long argued for wagering taxation parity as the NSW Government tax rate is $3.22 for every $100 wagered while tax rates interstate are considerably less.
In Victoria, the State Government takes only $1.28 for every $100 wagered on racing.
The new scheme begins on January 1, 2016, with planned tax cuts each year to eventually provide parity with Victoria in 2019-20.
Racing NSW intends to use the revenue to increase minimum prizemoney and to reduce costs to owners. TESTING YOUNGSTERS THE Rosehill meeting on Saturday features the Significant Stakes, an apt name because this event is significant as it is run over 1900m, the longest distance juveniles will start over this season.
Sydney trainers have requested some two-year-old races over 1600m and further to test the stamina of their emerging young stayers.
The Significant Stakes prove a good form reference for the new season threeyear-old races like the Group 1 Spring Champion Stakes run over 2000m in October. COUNTRY FAVOURITE THE country cups circuit takes in Moruya racetrack on Sunday with the Bateman’s Bay Cup (1425m).
The feature meeting also includes the Bateman’s Bay Flying (1010m) and the Bateman’s Bay Juvenile (1010m). FILE THIS ONE AWAY MY tip for Rosehill on Saturday is the Greg Hickmantrained Private Secretary. This mare was a brilliant winner at Randwick last start and she is effective on wet or dry tracks.