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Breeders Back R&D Levy

Friday, 9th August 2013

The Australian Electoral Commission (AEC) has announced strong support from voters in respect to the Thoroughbred Research, Development & Extension levy with a clear majority of 67.9% in favour of the proposal. Thoroughbred Breeders Australia (TBA) president Trevor Lobb was buoyed by the positive outcome and commented, "We are delighted with the results.  The strong yes vote means TBA will now prepare the required formal submission to the Minister for Agriculture, Fisheries and Forestry." The AEC issued ballot papers on July 15 and the count was conducted at the Melbourne Office of the AEC after the ballot closed on August 8. The plus result now paves the way for the proposal to be eligible for government consideration, where, if approved by the Minister for Agriculture, Fisheries and Forestry, would mean the Australian Government would match the levy dollar for dollar. Together with voluntary donations from the Thoroughbred racing sector, the intention is to provide a more secure Thoroughbred R&D fund in the vicinity of $1 million per annum, allowing crucial investment in R&D projects encompassing the production of more commercial yearlings, improvement in reproductive techniques and the management of exotic diseases. The planned operative day for the levy is August 1 2014 with the proposal necessitating a charge of $10 per mare covered (paid by the stallion owner) and $10 per mare returned per season (paid by the broodmare owner).

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