Wa­ger­ing taxes cut worth cheer

Mt Druitt - St Mary's Standard (East) - - SPORT - Ray Thomas

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.

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