59 / 86
RACING AUSTRALIA ANNUAL REPORT 2016
| 57
Your directors present their report, together with the
financial statements on the consolidated entity (referred
to hereafter as the ‘consolidated entity’) consisting of
Racing Australia Limited (referred to hereafter as the
‘company’ or ‘parent entity’) and the entities it controlled
at the end of or during the year ended 30 June 2016.
DIRECTORS
The names of each person who has been a director
during the year and to the date of this report are:
RNSW Nominated Director and Chairman
John Messara AM
TRSA Nominated Director and Deputy Chairman
Frances Nelson QC
James Watters – Alternate Director
RV Nominated Director
David Moodie
RQ Nominated Director
Ian Hall (Resigned 31/03/2016)
Steven Wilson AM (Appointed 01/04/2016)
Samuel Adams - Alternate Director (Appointed 27-04-2016)
RWWA Nominated Director
Robert Pearson
John Yovich - Alternate Director (Appointed 09/09/2015)
TRNT/CRC/Tasracing Nominated Director
Desmond Gleeson
Company Secretary
Myles Foreman
Directors have been in office since the start of the financial
year to the date of this report unless otherwise stated.
DIRECTORS REPORT
Racing Australia Limited
| ACN 105 994 330 and Controlled Entities | Annual Report for the Financial Year Ended 30 June 2016
PRINCIPAL ACTIVITIES
The consolidated entities principal activity in the course
of the financial year was the provision of racing materials
services and products to the state based Principal Racing
Authorities and race clubs of Australia and the supply of
field and form products to Racing Australia’s commercial
and retail customers, officially recording the ownership
details and naming of Thoroughbred racehorses for
racing in Australia and for export, the maintenance,
accuracy, quality and integrity of the Australian Stud
Book, and the administration of the Australian Rules of
racing and the rules of the Australian Stud Book.
The Thoroughbred Trainers Service Centre Limited
provides low cost industry based horse syndication
services under the conditions of an Australian Financial
Services Licence (AFSL).
Australian Genetics Testing Pty Ltd conducts equine
research and related genetic research and testing
required for the completion and publication of the
Australian Stud Book.
SHORT TERM AND LONG TERM OBJECTIVES
Industry Services
– To be a valued independent provider
of innovative low cost services to the Racing Industry
throughout Australia by aligning Racing Australia’s
strategic direction to the core objectives of the Principal
Racing Authorities, Racing Clubs and Industry Participants.
Industry Database
– Racing Australia is the official
Thoroughbred racing industry organisation responsible
for the compilation of race fields and form and the
maintenance of race results across Australia.
Industry Processes
– Maintain and build upon 'one
process one system’ using the Single National System
as the catalyst.
Industry Copyright
– Protect the industry’s Racing
Materials from ‘commercial leakage’ and maximise
returns to the industry from the supply and copyright
licensing of Racing Materials.
Rules
– Administer and amend the Australian Rules of
Racing and the Rules of the Australian Stud Book in
adherence to world's best practice standards of integrity
and animal welfare.
Government
– Foster strong working relationships at the
political and departmental levels, including participation
in government/industry partnerships, ensuring that the
Commonwealth and State Governments are at all times