Racing Australia Annual Report 2018

RACING AUSTRALIA ANNUAL REPORT 2018 | 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 2018. Directors The names of each person who has been a director during the year and to the date of this report are: Position Directors Appointed Resigned TRSA Nominated Director and Chair Frances Nelson QC RNSW Nominated Director Russell Balding AO Peter V’landys AM – Alternate Director RV Nominated Director Greg Nichols Mike Hirst – Alternate Director 25 July 2017 20 November 2017 Brian Kruger – Alternate Director 21 November 2017 RQ Nominated Director Steven Wilson AM Eliot Forbes – Alternate Director 21 March 2018 Simon Stout – Alternate Director 22 March 2018 13 May 2018 Brendan Parnell – Alternate Director 14 May 2018 RWWA Nominated Director Robert Pearson Jefferey Ovens – Alternate Director TRSA Nominated Director James Watters – Alternate Director TRNT/CRC/TR Nominated Director Dean Cooper Company Secretary Myles William Maurice Foreman 4 December 2017 Matthew Orr 4 December 2017 Directors have been in office since the start of the financial year to the date of this report unless otherwise stated. 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). On 23 April 2018, Racing Australia Limited established the Equine Genetics Research Centre (EGRC) in Scone to undertake DNA profiling, diagnostic testing and research and development primarily for the thoroughbred racing industry, but also extending to other breed societies. The EGRC is an International Society of Animal Genetics (ISAG) accredited laboratory achieving rank 1 with 100% genotyping accuracy. Rank 1 is necessary to allow parentage verification of Thoroughbreds for the International Stud Book Committee. Short Term and Long Term Objectives Racing Australia’s Vision • To be Australia’s favourite sport. • To conduct the world’s best races. • To be the world’s leading Thoroughbred Racing Industry. Core objective Leverage existing assets further and identify new commercial opportunities. Core functions • National Rules • National Integrity • National and International Advocacy • National Coordination • National Research and Analysis • Identify and Maximise Best Practice • National Efficiency/Back Office • Recognise and reward excellence in the industry • Communicate our role • Seek to identify emerging issues including Animal Welfare and provide leadership via a common policy approach including minimum standards. DIRECTORS’ REPORT