Thoroughbred R&D Levy Proposal
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All Thoroughbred breeders are being encouraged to attend levy seminars scheduled across Australia in May and June this year, at which a proposed statutory R&D levy will be presented for discussion. Levy information kits will be posted early April to all 8,500 registered Thoroughbred breeders and TBA and state breeding association members for their consideration and input. In summary Thoroughbred B
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Locked Bag 3
Randwick, NSW
2031
General information
The Rural Industries Research and Development Corporation (RIRDC) has been the major contributor to the Horse RD&E Program since its inception in 1995. However, from 1 July 2013 RIRDC can no longer match dollar-for-dollar current horse industry voluntary contributions of which 80% has come from the Thoroughbred sector. Prior attempts to introduce an equitable statutory levy, whereby owners from all horse sectors contribute, have failed. We remain one of the few primary industries of significance that does not yet have a statutory levy to fund essential RD&E projects.
Industry must now develop a more secure and sustainable funding base, and a statutory levy paid by all registered Thoroughbred breeders is the most equitable way of sharing the costs and benefits of such work particularly as the Australian Government will only match industry’s contribution dollar-for-dollar if a statutory levy is supported by Thoroughbred breeders.