Racing Queensland chief executive Brendan Parnell has announced new breeding incentives.
Racing Queensland has released details of an expanded bonus scheme to coincide with the new breeding season.
To be known as QTISx it is an expansion of the existing QTIS bonus system which has pumped millions of dollars into the state’s racing industry.
QTIS is for Queensland-bred horses paid up for the scheme and QTISx will add bonuses on black-type and feature races conducted in Queensland.
In a statement on Sunday, RQ said the winners of QTISx bonuses would have the option of ‘doubling up’ their winnings through the redemption of a voucher which can be applied to selected Queensland yearling sales, including the Magic Millions and Capricornia Yearling Sale.
Next season QTIS registered horses will also be eligible for the QTISx bonuses
Group One bonus – A $50,000 bonus – or a $100,000 sales voucher which can be redeemed on a QTIS eligible horse at four prescribed Queensland sales – across eight Queensland Group One races;
Black-type bonus – A $10,000 bonus – or a $20,000 sales voucher which can be redeemed on a QTIS eligible horse at four prescribed Queensland sales – across 75 additional black-type races; and
Features bonus – A $10,000 bonus – or a $20,000 sales voucher which can be redeemed on a QTIS eligible horse at four prescribed Queensland sales – across 20 additional feature races nominated by RQ.
RQ will also provide breeders’ bonuses, with $10,000 for Group One races and $5000 for the remaining black-type races and features.
All QTISx bonuses are for winning horses only.
RQ’s chief executive Brendan Parnell said QTISx was the latest initiative in a highly regarded thoroughbred breeding incentive scheme which encouraged people to back Queensland, buy Queensland and breed Queensland.
RQ has also announced a number of QTIS enhancements for the new racing season.
For the first time, age restrictions on QTIS races for non-TAB meetings will be removed, having previously been restricted to five-year-olds and under.
RQ will also program four-year-old QTIS bonuses on selected open races in South East Queensland.