Racing Australia Annual Report 2017

Racing Australia Annual Report 2017 | 51 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 2017. DIRECTORS The names of each person who has been a Director during the year and to the date of this report are: Directors RNSW Nominated Director and Chairman John Messara AM (Retired 31-12-2016) TRSA Nominated Director and Chair Frances Nelson QC (Deputy Chair Resigned 13-4-2017, Appointed Chair 13-4-2017) RNSW Nominated Director Russell Balding AO (Appointed 1-1-2017) (Appointed Deputy Chair 7-4-2017) Peter V’landys AM – Alternate Director (Appointed 3-5-2017) TRSA Nominated Director James Watters – Alternate Director RV Nominated Director David Moodie (Resigned 19-12-2016) Bernard Saundry (Appointed 19-12-2016) (Resigned 31-12-2016) Greg Nichols (Appointed 31-12-2016) RQ Nominated Director Steven Wilson AM Samuel Adams – Alternate Director (Resigned 21-8-2016) Eliot Forbes – Alternate Director (Appointed 22-8-2016) RWWA Nominated Director Robert Pearson John Yovich – Alternate Director (Resigned 29-7-2016) Jefferey Ovens – Alternate Director (Appointed 5-9-2016) TRNT/CRC/TR Nominated Director Desmond Gleeson (Resigned 29-11-2016) Dean Cooper (Appointed 30-11-2016) Company Secretary Myles Foreman (Appointed 13-6-2006) 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 2017 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, 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 political and departmental levels, including participation in government/industry partnerships and ensuring that the Commonwealth and State Governments are at all times aware of the views and objectives of the Australian Thoroughbred Racing Industry.