The Thoroughbred Breeders Queensland Association (TBQA) has reached agreement with Racing Queensland on an exciting new QTIS scheme to be introduced on August 1, 2012.

“The revised scheme is a hybrid model consisting of benefits of both the QTIS and QTIS 600 schemes,” TBQA chairman Basil Nolan said.  “The new scheme will offer benefits of $9.255 million, with bonuses of $45,000 for two and three-year-olds in standard metropolitan races, $15,000 bonuses on provincial races and $5000 bonuses on country races.

“The benefit of this scheme is that the increased bonuses are afforded to eligible horses during their full two and three-year-old seasons.  Additionally, a restricted race series worth $380,000 has been implemented throughout regional Queensland with these races showcased across two and three-year-old racing.

“This agreement is a great result for the Queensland racing and breeding industries with eligible horses competing for $95,000 in standard two and three-year-old metropolitan races,” Nolan said.  “There has never been a better time to invest in the Queensland breeding industry.”

Further details relating to the new scheme will be available early next week.