On July 1, 2001, Queensland Racing went live with the Centralised Prizemoney System (CPS). The system provides for the invoicing for race day costs and payment of prizemoney and riding fees to all Racehorse owners, Trainers and jockeys for all race meetings throughout the state.
Payment of Prizemoney
The weekly payment cycle is from Monday to Sunday. Payments for each cycle are electronically transferred on a Thursday evening and can be accessed from your bank account on Friday morning.
The prizemoney shall be distributed as follows, in relation to a horse placed first, second, third, fourth or fifth:
When the prizemoney for a placing is greater than $300:
85% Owner
10% Trainer
5% Jockey
When the prizemoney for a placing is less than $300:
90% Owner
10% Trainer
The distribution of a prizemoney payment to a trainer or jockey shall be in addition to any training or riding fees incurred during the week of racing. |
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