Prize Money Payments

UPDATE: From Tuesday 7 June, 2016 you may notice a change in the layout and appearance of your Remittance/ Recipient Created Tax Advice for prize money.

Due to Privacy Legislation, RV will no longer show other owner’s financial information on your remittance advice, instead it will show just your earnings and any deductions equal to your percentage share. The net amount paid to your nominated bank account will also be highlighted. A separate grid will show the total amount due for the ownership. The new changes apply only to ownerships where prize money is split- manager type payments will continue to use the existing format. If you have any queries on the new layout please contact Customer First on 9258 4258.

2019 Payment Dates

  Owner Stakes Payment Dates 2019 Payment Dates  
Batch Main Pay Date-Monies Available following day Cleared Swabs Pay Date Monies Available following day
Race Meetings Covered
536 Wednesday, June 5, 2019 Tuesday, June 25, 2019 27th-31st May 2019
537 Thursday, June 6, 2019 Tuesday, July 2, 2019 1st-2nd June 2019
538 Wednesday, June 12, 2019 Tuesday, July 9, 2019 3rd-9th June 2019
539 Wednesday, June 19, 2019 Tuesday, July 16, 2019 10th-16th June 2019
540 Wednesday, June 26, 2019 Tuesday, July 23, 2019 17th-23rd June 2019
541 Wednesday, July 3, 2019 Tuesday, July 30, 2019 24th-30th June 2019
542 Wednesday, July 10, 2019 Tuesday, August 6, 2019 1st-7th July,2019
543 Wednesday, July 17, 2019 Tuesday, August 13, 2019 8th-14th July 2019
544 Wednesday, July 24, 2019 Tuesday, August 20, 2019 15th-21st July 2019
545 Wednesday, July 31, 2019 Tuesday, August 27, 2019 22nd-28th July 2019
546 Wednesday, August 7, 2019 Tuesday, September 3, 2019 29th-31st July 2019
547 Wednesday, August 14, 2019 Tuesday, September 3, 2019 1st-4th August 2019
548 Wednesday, August 21, 2019 Tuesday, September 10, 2019 5th-11th August 2019
549 Wednesday, August 28, 2019 Tuesday, September 17, 2019 12th-18th August 2019
550 Wednesday, September 4, 2019 Tuesday, September 24, 2019 19th-25th August 2019
551 Wednesday, September 11, 2019 Tuesday, October 1, 2019 26th-31st August 2019
552 Wednesday, September 18, 2019 Tuesday, October 8, 2019 1st-8th September,2019
553 Wednesday, September 25, 2019 Tuesday, October 15, 2019 8th-15th September 2019
554 Wednesday, October 2, 2019 Tuesday, October 22, 2019 15th-22nd September 2019
555 Wednesday, October 9, 2019 Tuesday, October 29, 2019 22nd-29th September 2019
Group and Listed Races - Acceptance Fees
Racing Victoria Limited charges an ‘Acceptance fee’ for all acceptors in Group and Listed races.

The fee ranges between 0.5% to 1% of the value of the race plus Goods and Services Tax (GST).

Example:
Type Group 3
Race Value $150,000
19 Acceptances (16 final starters and 3 scratchings)
Acceptance fee =
0.75% of 150,000 = 1125 +112.50 GST = $1237.50
The amount of $1237.50 will be charged to the owner(s) of each runner.

For horses that finish in the first 8 race positions, the $1237.50 Acceptance fee will be deducted from the prizemoney total.

For horses that finish 9 to last, the $1237.50 will be charged via an invoice to the Managing Owner.

Fees for horses that are scratched from a Group or Listed Race

Should the scratching be accompanied by a veterinary certificate, the acceptance fee charge will be removed (i.e. there is no charge for this type of scratching).  However, if the horse is scratched without a veterinary certificate then a scratching fee equal to the Acceptance fee will be charged to the Trainer’s account, for example a $1237.50 scratching fee.
Information for Owners - Access Fee
What is the fee?

The charge is classified as an Access Fee. Access fees have been in place at most Victorian training venues for a number of years. 

The purpose of the fee is to ensure clubs can maintain their training tracks and re-invest back into training facilities through new projects and initiatives for the betterment of the club’s trainers, participants and owners.

Where does the money go?

Funds derived from the new Access Fees will be invested back into the facilities at your training venue.

How much is the fee?

• Racing Victoria on behalf of the Club will charge owners directly for the Access Fee.
• Racing Victoria on behalf of the Club will deduct the access fee off prizemoney earned for every starter
• No charge will be payable for horses that don’t earn prizemoney (>10 at professional meetings, or finish >8 at picnics)
• No charge will be payable for horses until they race and earn prizemoney (other venues charge their Access Fee every day the horse uses the facility, even if it doesn’t race for the campaign)

Is there a maximum charge per month?

There is not a maximum charge per month. The charge will depend on how many times a horse starts per month, and if that horse earned prizemoney.

Background Information

In consultation with Racing Victoria this is the first time the Access Fee has been charged through the stakes system. The fee is normally charged to the trainer, and the trainer will most definitely pass on the cost to the owner, either incorporated in the training fees, or as a separate item, ‘track access fee’ or ‘track maintenance fee’.  

It should be noted that both the ATA and TROA were consulted as part of the process.

For further information please contact: Owners Customer Service  1300 139 412
Update your Banking Details
Click here to update your Banking Details.
Please note
*Swab pay dates subject to late changes during carnival periods. Only cleared swabs paid on these dates.

T: 03 9258 4258

E: stakespayment@racingvictoria.net.au
  • Prize money will be paid each Thursday with funds available for participants on Friday mornings.
  • Payment will be made for prize money earned from Monday to Sunday in the week prior;
  • Earnings on Monday 1st to Sunday 7th = Paid on Thursday 11th
  • Earnings on Monday 8th to Sunday  15th = Paid on Thursday 18th
  • Meetings within the weekly payment cycle may vary for dates bordering the month’s end 
  • Prize money earned in races less than $100,000 will not be held pending swab clearance