JBBA incentive bonus

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November 26, 2018

Incentive Bonus for Japanese-bred horses that win in Singapore or Malaysia

The JBBA  will provide an Incentive Bonus to the owners and trainers of Japanese-bred horses that win in Singapore or Malaysia during the period of January 1 2019 to March 31 2020 according to the following conditions:

Objectives

  1. To promote and publicise Japanese-bredhorses and Japanese auction sales in Singapore and
  2. To create awarenessamong owners and trainers and make Japanese auction sales more

Bonus Scheme

    1. Conditions for Payment
      1. The horse must be a Japanese-bred and have a record of being sold at a Japanese auction.
      2. Payment of the bonus will be made on behalf of the JBBA by the Singapore Turf Club for horses based in Singapore and by the Penang Turf Club for horses based in Malaysia (Penang, Perak or Selangor).
      3. The horse must be based with one of the Singapore, Penang, Perak or Selangor Turf Clubs (hereinafter referred to as “the 4 Turf Clubs”).
      4. The horse must officially be based with a trainer based at one of the 4 Turf Clubs at least one month before its win or since registration.
      5. In the event of a dead-heat for first place among two or more horses that qualify for the bonus, the bonus amount will be shared equally among these horses.
      6. A horse that is disqualified from the race will not be eligible for the incentive.
      7. The incentive bonus will not be applicable to races confined to home-based horses at the 3 Malaysian Turf Clubs (Penang, Perak or Selangor).
      8. The incentive bonus will also be applicable to cross-border races when Singapore horses go over to participate in Malaysia or vice versa.
      9. The trainer/owner of the horse must submit the bonus claim form to the Singapore Turf Club for horses based in Singapore and to the Penang Turf Club for horses based in Malaysia (Penang, Perak or Selangor) within a month from the date of the race.
      10. If the horse is not the subject of any inquiry, the JBBA will pay the bonus within one month of the claim form being submitted.
      11. A horse may win a maximum of two bonuses during its lifetime. For the avoidance of doubt, two bonuses for any single horse shall be the maximum, regardless of any change in owner, trainer, affiliated Jockey Club/Turf Club or registered horse name.
    2. Applicable Time Period and Type of Race
      1. The bonus will be applicable to races held in Singapore/Malaysia during the period of January 1, 2019 to March 31, 2020.
    3. Bonus Amount Details for Owners
      1. For horses that win in Singapore, a bonus of S$ 30,000 per race will be paid to the owner.
      2. For horses that win in Malaysia (Penang , Perak or Selangor) , a bonus of RM30,000 per race will be paid to the owner.
      3. Claims for the Incentive Bonus shall be paid based on the order of the date and time of race.
    5. Bonus Amount Details for Trainers
      1. For horses that win in Singapore, a bonus of S$15,000 per race will be  paid to the trainer.
      2. For horses that win in Malaysia (Penang, Perak or Selangor), a bonus of RM15,000 per race will be paid to the trainer.
      3. Claims for the Incentive Bonus shall be paid based on the order of the date and time of race.
  2. Temporary Bonus Measure in Consideration of Rule Change (2018 only)
    1. If a horse belonging to one of the 4 Turf Clubs that has already won the Incentive Bonus once wins one or more  races in  Singapore/Malaysia  during the period of April, 2018 to December 31, 2018, the horse will be eligible to receive up to one more Incentive Bonus during said period as follows:
    1. For wins in Singapore:
      • S$20,000 Incentive Bonus to the Owner
      • S$10,000 Incentive Bonus to the Trainer
    2. For wins in Malaysia
      • RM20,000 Incentive Bonus to the Owner
      • RM10,000 Incentive Bonus to the Trainer
  4. Other Conditions
    1. The maximum number of Incentive Bonuses that will be paid for horses that win during the period  of January 1 2019 to March 31 2019  will be 10 each in Singapore and Malaysia.
    2. Incentive Bonuses for horses that win during the period of Aprill, 2019 to March 31,2020 will be paid within and up to a set amount determined solely by the JBBA. Once the total of the Incentive Bonus payments reaches the allotted amount, payment of the bonus for the applicable period will
    3. Once payment of the bonus has finished, or in the event the number of bonuses reaches the maximum number stipulated in a.above, bonuses for any wins occurring thereafter during the period  will not be carried over and awarded the following year or thereafter.
    4. The set total bonus amount determined by the JBBA will not be disclosed.
    5. The JBBA reserves the right to terminate or postpone this scheme at any time without assigning any reason the reto , including but not limited to the situations stipulated in a. or b.
    6. In the event of any dispute, the decision of the JBBA shall be final.