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Racing Queensland will extend the early payment option for owners and breeders seeking to register their 2018 foals as QTIS horses until December 31, 2019.
With many Queensland participants facing adversity through the lingering drought conditions across the state, RQ has opted to extend the initial deadline by a further two months, offering respite to those who may be financially impacted at present.
Earlier this month, RQ unveiled the QTIS registration process – click here to download the online form – which provides a discounted first payment of $385 (GST inc) if an early payment is made.
RQ CEO Brendan Parnell said the organisation was acutely aware that many of the industry’s owners and breeders were being impacted by drought.
"Almost two thirds of Queensland are presently drought declared," Mr Parnell said.
“Many of our participants in regional and outback Queensland have endured a series of challenges – from drought to bushfire already this year – and by extending the early payment deadline, we're trying to provide some respite for their cash flow.
“Ultimately, we – like the rest of Queensland - hope that spring brings an end to the terrible conditions many are suffering through.
While the early payment option exists, foals can still become QTIS registered horses if full payment is provided by 31 July 2020.
Click here for more information on the Queensland Thoroughbred Incentive Scheme.