Racing Australia Annual Report 2016

RACING AUSTRALIA ANNUAL REPORT 2016

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ABOUT RACING AUSTRALIA

RACING AUSTRALIA LIMITED –

THE COMPANY

In September 2014 Racing Information Services

Australia Pty Ltd (RISA) purchased the assets of the

Australian Stud Book (ASB) and the shares in capital of

Australian Genetics Testing Pty Ltd (AGT).

Subsequently on 13 April 2015, RISA along with its

assets the ASB and AGT merged with the Australian

Racing Board (ARB) to form one entity named

Racing Australia Pty Ltd. On 18 September 2015,

Racing Australia Pty Ltd ultimately converted from

a proprietary company to a public company named

Racing Australia Limited.

The primary objective of the Company is to encourage

and promote the Thoroughbred industry which includes

the following:

a) adopting, administering and amending the Australian

Rules of Racing and the Rules of the Australian

Stud Book;

b) ensuring the integrity of Thoroughbred breeding

in Australia by maintaining the officially published

records of Thoroughbred bloodlines in Australia in

the form of the Australian Stud Book contemplated by

the Australian Rules of Racing;

c) establishing and conducting a national consolidated

Racing Materials and information services business to

service the Australian horse racing industry and other

users of horse Racing Materials, including:

(i) developing a consolidated national uniform and

standard system for the collection, processing,

storage, dissemination and protection of

Racing Materials;

(ii) establishing and maintaining participation in such

a consolidated national uniform and standard

Racing Materials system by the Principal Racing

Authorities and all others integral to the successful

conduct of such system; and

(iii) developing procedures to maximise the integrity,

and minimise duplication and data cleansing

costs, with respect to all Racing Materials

collected, processed and disseminated in the

conduct of such a system;

d) maintaining information regarding the ownership

and identity of Thoroughbred racehorses for racing

in Australia and for export including acting as the

Registrar of Racehorses contemplated by the

Australian Rules of Racing;

e) to conduct an efficient low-cost operation; and

f) the allocation of surplus funds by way of grants to the

Principal Racing Authorities in accordance with the

principles of allocation set out in the Racing Australia

Constitution for the purposes of encouraging and

promoting horse racing in each of the States and

Territories of Australia under the control of the various

Principal Racing Authorities.