Racing Queensland is set to increase the base riding fee by $40 per ride between 2018 and 2021.
Racing Queensland is set to increase the base riding fee by $40 per ride between 2018 and 2021. Sean Teuma

Racing QLD ups fees after an $8m increase in prize money

RACING Queensland has just entered into a three-year agreement with the Queensland Jockeys' Association, following an increase in prize money for the industry.

Through the agreement they will increase the base riding fee across our state.

Having agreed to an 11 per cent increase last year, Racing Queensland has said they will double down on their commitment over the next term.

The base riding fee is set to rise by $40 per ride between 2018 and 2021.

In addition, Racing Queensland will also lift the maximum weekly benefit applicable under the workers' compensation insurance policy over the term of the agreement.

This comes just days after the Queensland Government announced an $8 million increase in prize money for the state's racing industry.

Racing Queensland Chief Operations Officer Adam Wallish said this agreement was the culmination of a positive and collaborative approach to negotiations between Racing Queensland and the Queensland Jockey Association.

"Not only does it provide certainty and surety to both parties over the next three years, it acknowledges the outstanding service provided by our jockeys across the state on a weekly basis,” Mr Wallish said.

"It is well known how difficult it is to be a jockey - they make enormous sacrifices to be at the coalface of our sport - so we're pleased to be able to work hand-in-glove with them on this matter.”

In recent times, Racing Queensland has delivered a range of positive initiatives including $18 million in additional prize money, as well as the introduction of prize money distribution down to tenth place at TAB meetings.

Queensland Jockey Association President Glen Prentice welcomed the agreement on behalf of his members.

"We're pleased to have reached a positive outcome with this three-year agreement with Racing Queensland on riding fees and other benefits payable to our 210 members,” Mr Prentice said

"We believe the agreement appropriately recognises the contribution made by jockeys to racing in this state. The Queensland Jockey Association appreciated Racing Queensland's positive approach to the negotiations.

"We believe the outcomes to be fair and reasonable and our members look forward to continuing their contribution to the resurgence of racing here in Queensland.”