Introduction:

Racing and Wagering Western Australia (RWWA), ,maintains and supports the Westspeed Incentive Scheme as a means of fostering and promoting local thoroughbred breeding and racing actiovities.

Benefits of these schemes include:

• Potential to increase the financial rewards associated with owning and racing a locally bred horse and therefore encourage owners to remain in the industry longer and possibly extend the level of their investments.

• Encouragement for local breeders to source quality sires and/or dams in order to develop well bred progeny and improve Western Australian bloodlines.

• Provide breeders with the opportunity to access an on-going revenue stream from the yearlings they’ve previously sold, via their racing performances.

• Maintenance and possible growth of local support industries, eg farriers, veterinarians, feed merchants, product suppliers etc.

The W.A. Turf Club introduced the Westspeed Incentive Scheme at the beginning of the 2000/2001 racing season. Since then the WATC/RWWA have paid bonuses totalling in excess of $15.7 million to participants in the scheme. In the 2008/09 Racing Season bonus payments in excess of $4.22 million were distributed to owners and breeders

How Does Westspeed Work?

Eligible horses are nominated for Westspeed during their yearling season and can earn the full bonus, as detailed in the table below, for wins in the following races conducted in W.A.

      1. All TAB covered races for 2 and/or 3 year olds with an advertised stake of less than $100,000.

      2. TAB covered All Aged Maiden Events won by a Westspeed nominated 2 or 3 year old.

      3. TAB covered events over 1800metres or more, with an advertised stake of less than $100,000, which are won by a Westpeed    

       nominated 2, 3 or 4 year old.

What are the Returns to Owners?

The following Westspeed bonuses currently apply to all two and three year old races.

Which Yearlings are Eligible?

The following rules must be satisfied for a horse to be eligible to participate in the Westspeed Incentive Scheme.

• A yearling must be a product of a sire standing in W.A. at the time the dam is served, or,

• A yearling can be the product of any sire provided the dam,

  1. was owned by a West Australian breeder at the time the yearling was conceived, or

  2. carrying that foal at the time she was purchased by a W.A. breeder.

   

How Do I Enter?

There are several ways in which a yearling can become a participant in Westspeed.

1. A breeder/owner may enter a horse privately. The nomination fee (breeder) is $550 (inc GST) and the declaration fee (owner) is $1100 (inc GST).

2. A breeder may enter a horse for the breeder's portion of the bonus only. This scenario is likely to occur when a horse is sold privately and the new owners do not wish to make the $1100 declaration payment. In this situation if the horse goes on to win a Westspeed race, the breeder will receive the breeder's bonus however the owners, because they have not paid the declaration amount, will not receive a Westspeed Bonus payment. Note: A horse must be breeder nominated for the owner to have the option of declaring for the Owner's Bonuses.

3. A breeder nominates his horse for Westspeed on the Magic Millions Premier/Autumn Yearling Sale Nomination Form. If accepted for the sales, this lot then carries the Westspeed logo in the sales catalogue and Magic Millions deduct the breeders nomination fee from the proceeds of sale. Purchasers of yearlings with the Westspeed logo then have the option to pay the Owner's Declaration fee direct to RWWA subsequent to the sales. Any yearlings which go through the yearling sales as non Westspeed nominated horses, cannot be nominated for the scheme subsequent to the sales. Any yearling showing the logo in the catalogue but passed in or any yearling not accepted for the sales can be nominated as per 1. above. 

From the 1/08/2009 a bonus of half the amount detailed in the following table will be awarded to the connections of participating gallopers in the event of them,

.   1. Recording their first career win as a two or three year old in a TAB covered race with an advertised stake not exceeding $99,000, which is not restricted ti their own age group ( excluding All Aged Maidens).

    2. Winning their first career race as a four year old, provided the race in question is a TAB covered event with an advertisied stake of less than $100,000.

    For more information contact Racing and Wagering W.A. on (08) 94455280

Westspeed: Rules and Conditions

Westspeed Incentive Scheme Rules and Conditions (PDF 55KB)