psyc

Oooops or OOOOuch?

You too understand wrong. That is what you want to believe. The cancelled lease has never been signed, ergo it is still a contractual document.

Yes, would love to hear from the trainer.

Correct if both or all parties sign then the ownership is transferred. I am talking about cash transactions designed to avoid tax or conceal fraudulent behaviour. I would like to see a sales and purchase agreement mandatory for ownership details to be transferred. Signed by all stakeholders including agents. Full disclosure so that no one gets ripped off and no tax evasion or fraud occurs. Surely this would be the "aboveboard" approach.

Be careful what you think or assume. I know a lease that has only the husband signed and not the wife even though they have joint ownership. The lease is in dispute and the NZTR have upheld the lease at their discretion. If you read the rules they are entitled to do this. Why?

What if both parties have not signed the lease? NZTR under their rules have the discretion to decide what ever they want regardless of law regarding contracts. Check the rule book

How is it a transaction can take place with 5 or 6 zero's with no sales and purchase agreement and NZTR will transfer the ownership????? As a governing body should part of their responsibility be the tracking of sales and ownership of horses and leases??? According to the Rules of Racing they have complete discretion so why do thy not take due diligence to monitor these transactions??? I am not certain but the Fraud Act puts responsibility on governing bodies to identify and monitor exchanges of this type?? In fact I think the Fraud Amendment Act has stated a timeline of 2019?? Correct if I am wrong? In my opinion as a layman NZTR is remiss in this area. I have spoken with a representative ( a Lawyer) from NZTR who informs me these things have not been looked at or updated since the 1970's. Is that how you run a modern business??? Poor buggers, I guess they will want more money to bring the operation into this century. If an organisation does not proactively takes measures to meet legal requirements (Fraud Act) then are they condoning poor behaviors of people in the industry??

Why are you pleased Pam? Do you lease horses and look forward to ripping off poor ignorant owners like me. Don't worry has had plenty of warning about me going public. For me it seems the easiest form of redress is to make it public otherwise he hides and still does not pay. Is that what you do Pam?

If you knew how to use the interweb it is not hard to find out my name. Go to NZTR website and search horse name.He delivered the horse home and it has been grazing here for 12 months still under a lease agreement. I have checked with NZTR and I am entitled to charge grazing whilst the lease is still registered with them. He wants to cancel the lease, we said no unless he also cancels the lease on our other horse he has. NZTR informs he cant have it both ways.He is convivial enough whilst he is on the winning side. When hes not he turns into a nasty bully utilizing his sons lawyering skill to intimidate and coerce. As a consequence I will never lease out another horse and tell everyone I know the same. This is only my opinion?

The debt is $6000 would be happy to take $5000. Anyone want to collect money? . And he has another horse of mine, Pop Star Princes. He owes $6000 agistment on "Just Twiggy".

Why take a lien when I own the horse he has leased???? So my options are sell the debt or small claims?? Should I name him publicly and shame him into paying his debt?? I could shame him sooo badly on social media??? I am sick of what people get away with through anonymity.

Lawyers cost too much. The trainer has been a bully to me and if I sell the debt I dont care what happens once I get my money. I neglected to mention his son is a lawyer. That is why the legal system is a waste of time. My understanding is that NZTR or the RIU could take away his license?? But at this point they are not interested in helping. I have only a small number of horses and little knowledge around this matter. I am asking for advice not criticism, can you help? Bye the way there are legitimate agencies that will buy the debt. Or are you a gangster? I bring to a public forum because I want a public discussion on this. How many people are in the same boat? What do you mean fairly average behaviour IMO? I thought the average person pays there bills???

What is the best option when a trainer owes several thousand dollars on a lease for agistment??? Have tried NZTR, RIU and email address on lease form for outstanding debt. Have informed the trainer if debt now outstanding for up to 12 months is not paid I will go public. This is the start. I am prepared to sell the debt to a collector.

Someone out there got a facebook page to own a racehorse as friends no need for a syndicate. lol.

My contribution is also decades, in fact generations, my family has donated land to a race track still operating today, but unlike you, I keep myself updated with technology and best practice based on research. There is an old saying, believe nothing of what you hear and only half of what you see. Time for old fellas like you to swallow some humility and hand over the reins. That is if you can entertain the idea that you don't know everything?

So how is paying to read TI online different. Save some trees. And your are a presumptuous fool. A Gen X couldn't spell presumptuous. You are most likely a baby boomer, not unlike all the grey hair brigade that have sucked the life out of the industry by only serving their own interests instead of what is good for the industry. Please tell how an outdated format is useful? But I do agree that children should learn on paper with pencils if for no other reason than being creative because this form of learning is on its way out. Stop thinking of how good it was for you and accept that we live in an ever changing world.

Has anyone given thought to how the Anti Money Laundering Act and Amendment 2017 will impact the industry. The NZRB has about 12 months to comply with the legislation that specifically targets the racing industry. I find it amazing that a sale can go through without any paper work. How is this not condoning corruption. The NZTR and NZRB are so far behind with regulations that if one thinks about it, it becomes embarrassing. Why is it that a lease holder is recorded as an owner? Does anyone care?

Point taken

Judging by the table presented after all the expenses Mr Myers most likely still lost money, but that is not the point.Never mind the pedigree, if you go and look at all his animals, and the same for Waikato Stud, you will notice that they all have a reason for being there. These are mostly horses that will not make it into the K1 or K2 sale. So they quit them and put time and effort into the good ones. That is not to say that one can not pick up a bargain. I think the best buy of the entire sale was Sir P buying back his own broodmare for $150K. Will end up being a bargain.

If the penalties were tough enough they would stop it. As an owner I would rather pay the fine for my jockey and let the record state that I won the race and collected the prize money. I wonder how much revenue could be gained from video watching and fining jockey's, trainer's and owners. They are all culpable?

In this age of electronic media why would I pay for a printed publication? Building costs, paper, labour all pricing is to do with economics, marketing and profit. All this debate is pretty redundant. Either you pay it or you don't. Often prices go up just before something leaves the market because the manufacturer can't make enough out of it? For the price of a year's subscription to TI you can buy a laptop or notebook and find it all on the internet. The NZTR website is an excellent resource. You can also watch the trials, replay races and look up your favourite pedigrees in full colour, it's true, I have seen it myself and no bogey man like my mother told me if I watch it too much.

So the trainer screwed her?

Isn't hindsight wonderful for you? It was her maiden run, 2nd and 18 pts. No choice but to run her in age races as the trainer stated. Still believe there should be a cap on rating points. I bet if you had a horse that ran 2nd 12 times you would be upset you couldn't get a win with the weight? Rogie had a horse that that happened to.

The only people employed in this industry are there for one of two reasons, 1. They love horses and 2. They are immigrants hired for cheap labour (O'Sullivans). Also, unless you are "connected" or have money behind you, you are going nowhere. This is of course, a generalization.

Might as well punting on the races can be a nightmare unless you know something that no one else does?? I imagine the trials will be even worse with so many horses there for education?