Tradition has never really been respected or appreciated in NZ racing, especially not in recent years. Every week we see races in Australia with time honoured names, and races named after famous horses. In NZ most of our races tend to have locality names, Auckland Cup etc. Very few names like The Stradbroke, in NZ. Some races had prestige through their name rather than the stake, but most have now been let to disappear; Haldon Plate at Riccarton, McLean Stakes at Wingatui, even the Chalmers at Trentham - I know it still exists in name only.
I am always appalled that there are no races in the SI named after Grey Way, Show Gate, Phar Lap etc. That would never ever happen in Australia. Canterbury Belle is probably the only SI horse to be recognised in "recent" years.