A major consolidation of the Australian racing industry's assets is underway with the Australian Racing Board (ARB), Racing Information Services Australia (RISA) and the Australian Stud Book (ASB) merging to form a new national body “Racing Australia.” The consolidation of the industry's key assets has been supported by all eight State and Territory Principal Racing Authorities (PRAs) which are the shareholders of both the ARB and RISA.
The ASB has been acquired from its joint owners the Victoria Racing Club (VRC) and Australian Turf Club (ATC) by RISA as a prelude to its integration with Racing Australia. The consolidation of the databases of the ASB and RISA will significantly enhance integrity as well as lead to greater efficiencies and cost savings to the industry.
ARB Chairman John Messara AM said the Stud Book would retain its unique identity into the future and be bolstered by a breeders' advisory committee for the first time.
Said Messara: “The keeper of the Stud Book, Jacqueline Stewart, leads a very good team and we look forward to working with her to strengthen and expand the role and functions of the Stud Book in the interests of breeders and racing alike. The custodianship of the Stud Book by the VRC and ATC over 103 years has seen it take its place as one of the most innovative and respected stud books in the world.”
The legal and financial steps needed to establish Racing Australia will be progressively implemented over coming months with an official commencement date for the new entity of March 31, 2015. In the meantime, it will be business as usual for the three organizations as IT and management systems are integrated and cost savings identified.
“Bringing the registries, information and rules under the one umbrella makes perfect sense,” RISA Chairman Charles Macek said.
“Whilst the PRAs continue their current role of policy implementation and regulation, they have united to form Racing Australia to strengthen integrity oversight and industry efficiencies.” he said.
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