Workers compensation subsidy

Friday 3 March 2023

Dear Thoroughbred Trainers

I am pleased to advise that the Tasracing Board has approved a workers comp subsidy for this financial year

Key points as follows –

Similar principle to last financial year, i.e. a maximum subsidy pool that will be split pro-rata as determined by the total combined eligible premium value
Maximum pool payable this financial year is $250k (we estimate this well equate to apprx 40% subsidy)
Trainers running mixed businesses (e.g. breeding, farming) will be asked to provide an accountant’s letter stating the percentage of their workers comp premium attributable to training
Upward premium adjustments relating to last financial year but received after 30 June 2022 will be eligible for this year’s subsidy

Tasracing will send a more detailed letter to all thoroughbred trainers over the coming weeks that will outline the application and assessment process

Thank you

Andrew Jenkins
CEO Tasracing