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 activities by,
The scheme commenced operation at the beginning of the 1999/2000 Racing Season and the following table illustrates how much it’s grown!
|Season||Sub's Rec'd||Bonuses Paid|
The following rules must be satisfied for a horse to be eligible to participate in the Westspeed Incentive Scheme.
The Breeder begins the process during a horse's yearling (one year old) season by lodging a Westspeed Breeder Nomination ($550). In doing so, the breeder
The Owner of breeder nominated yearlings who wish to be in the scheme can choose between two levels of participation.
There is no obligation upon the owner of a breeder nominated yearling to participate in Westspeed and should they elect not to do so, the horse will remain a “Breeder Only” nomination and only that portion of the bonus will be paid in the event of eligible wins.
The owners of yearlings which have not been breeder nominated do not have the option of Westspeed participation at any level.
Westspeed runners which are competing for bonuses will be denoted via one of the following logos next to their name in the race book.
The following Westspeed Bonus Schedule will apply in 2012/13.
|Westspeed Bonus Schedule|
|Bonus Level||Advertised Race Stake||Breeder's Bonus (B)||Standard Owner's Bonus (S)||Extra Owner's Bonus (X)|
|Tier 1||$40,000 - $99,999||$5,000||$15,000||$22,500|
|Tier 2||$17,000 - $39,999||$2,500||$7,500||$7,500|
|Tier 3||$7,500 - $16,999||$1.250||$3,750||$3,750|
|Tier 4||< $7,500||$625||$1,875||$1,875|
The connections of participating gallopers will receive the aforementioned bonuses for wins in the following races conducted in W.A.
The connections of any Westspeed galloper which records its first career win at four years of age in a West Australian race which is less than 1800 metres in distance, but which is TAB covered and for which the total advertised stake money falls within the parameters defined above, shall receive a bonus of half of the amount relevant to the race, as described in the above table.
From the beginning of the 2012/13 Racing Season, trainers and riders of Westspeed winners will also be beneficiaries of the scheme. They will receive a bonus of 6% and 3% respectively, of the total bonus awarded to the connections (breeder/owner) of all Westspeed winners.
It should be noted that trainer and rider bonuses are not sourced from the existing breeder and owner pool of funds but from a separate RWWA funded pool.
There are several ways in which a yearling can become a Westspeed participant.
A breeder offering an eligible yearling for sale at a public auction and intending it to be a Westspeed lot, can state that wish on the Sales Nomination Form.
If accepted for the sales, this horse then carries the Westspeed logo in the sales catalogue and for all such lots which are sold, the breeder's nomination fee ($550 inc. GST) is deducted from the sale proceeds by the Sales company and forwarded directly to RWWA. Purchasers of all such yearlings then have the option to nominate them for the Owner's aspect of the scheme using the forms attached to this web page. It should be noted however that,
Eligible yearlings which have been sold or acquired privately, either as yearlings, weanlings or in utero, are also eligible for nomination to the scheme. They can be nominated via the forms attached to this web page, which should be completed and forwarded to RWWA along with the appropriate payment, by the advertised closing date.
- It should be remembered however that a yearling must be breeder nominated in order for the owner to have the option of participating and the registered breeder of the horse, as per the Australian Studbook, must be given first option to lodge that breeder nomination. Should an owner wish to participate with an eligible yearling which has not been breeder nominated, the registered breeder can be contacted by RWWA and given the option to either,
Breeders are also welcome to consider Westspeed participation with any eligible yearlings which they are intending to retain and race. Obviously any such yearlings that are breeder nominated can also be owner nominated and for breeders looking to retain stock for future breeding purposes, the following Westspeed conditions relating to leased horses may be most relevant.
The entity which breeder nominates a yearling for Westspeed remains unchanged throughout its career and therefore receives that portion of all bonuses won throughout its career, regardless of how many times the horse may change ownership or be the subject of a lease arrangement.
In the event of a fully nominated Westspeed galloper being sold, the rights to Owner's Bonuses automatically transfer to the new ownership entity identified on the relevant “Transfer of Ownership Form” effective from the date of transfer as stipulated on said form, irrespective of who paid the original Owner's Nomination Fee.
If a fully nominated Westspeed galloper is subsequently leased out, the original owner (lessor) retains the right to the owner's portion of any bonuses won during the period of the lease, i.e. lessees do not receive any portion of the Westspeed bonus. It is permissible for the parties to a specific lease to negotiate an alternative arrangement to this re Westspeed and include it in the “special clauses” however RWWA will continue to pay the full owner's bonus to the lessor who should then deal privately with the lessee to satisfy the conditions of the lease.
The level of support the scheme has enjoyed within the local industry has facilitated a dramatic rise in bonus levels since the 2003/04 Season, as indicated below.
|History Of Westspeed Bonus Levels|
|1st Tier||2nd Tier||3rd Tier||4th Tier|
|Top Westspeed Winners (as at 1/8/2012)|
|3||For Your Eyes Only||8||$30,000||$100,000||$130,000||2006|