Centralised Stakes Payments Update

As advised in May, GRNZ is currently undertaking a project to centralise the payment of prize money/stakes from our Wellington Office.

GRNZ’s original advice was that the centralised payment of all prize money would start from 1 August 2018. We have revised the start date for Centralised Stakes Payments. The payment of stakes centrally will now start on 1 November 2018.

The payment of prize money centrally means changes for trainers, owners, managers and Clubs. We are also making changes to the GRNZ computer database so that the information about the percentage of prize money received by each party is recorded, and the payment is made automatically to the right people.

These are significant changes and it’s critical that they are correct. The new implementation date of 1 November ensures that the computer system is thoroughly tested and GRNZ is satisfied that payments are made correctly.

We will continue to provide updates on the project progress and are keen to ensure that they involve interested trainers, owners and managers in making sure that the project is a success.

The revised key dates for completion of the stakes agreement forms will be advised as soon as possible to ensure there is adequate time for their completion and return. In the meantime, it is important that trainers, owners and managers continue to communicate with each other the percentage of prize money each is to receive.

Posted on 14/06/2018 12:25:05 PM

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