Split prize money payment scheme for harness racing owners

21 June 2022 | RQ Media
Logo

Racing Queensland has today introduced a split prize money system to assist owner partnerships.

Prize money can now be sent directly to each individual owner under a payment distribution system that will ease the burden on harness racing syndicate managers.

Under the new disbursement scheme, RQ can pay each owner their percentage of harness racing prizemoney into their chosen account.

It comes following a successful trial of the system by Harness Racing New South Wales, which was developed by Racing Information Services Enterprise (RISE), that started in January.

Racing Queensland’s Senior Harness Racing Manager David Brick said it was an opt-in system that would save harness racing syndicate managers or owners from having to double handle payments. 

“The system has been successfully trialled in NSW and will be a great tool for syndicate managers who will no longer have to redistribute prizemoney,” he said.

"Existing owners or syndicates, who want prize money to be continued to be paid into a common or joint bank account, need not do anything."

The ‘managing’ owner of a syndicate will need to initiate split payments through an online portal called Harnessweb and provide bank details of all owners.

Any request for prize money to be dispersed proportionally to separate bank accounts will be sent to connections to be ratified.

All owners must accept the request for split payments to be approved.

“This is a safety net to ensure all owners can check their details and their percentage of ownership to ensure there are no data entry errors,” he said.

“It will make managing a syndicate or even a small group of owners, less stressful.”

Click here for more information on Harnessweb, and to create an account. 

Click here to access RISE's self-help guide.

 

Related News

1 July 2025
Gelding Procedures - Notification to HRNSW
HRNSW Stewards remind Trainers and Owners of their obligations to notify HRNSW or Stewards following a gelding procedure being performed. Australian Harness Racing Rules (AHRR) 100 and 100A state the following: AHRR 100. (1) A person who has a horse gelded or submits it to a medical, surgical or other...
1 July 2025
25/26 Stallion Registrations
Stallion registration for the 25/26 breeding season (1 September 2025 to 31 August 2026) is now open with Harness Racing Australia (HRA) and closes on 31 October 2025. Late fees apply. DO I NEED TO REGISTER MY STALLION? Registration is not automatic. A person intending to stand a stallion in any given...
26 June 2025
What to do if you've been involved in a breach
Hacking schemes can be incredibly complex. Your details can still be compromised even after your best efforts to protect your personal and banking information. Noticing an unusual transaction or log-in activity is unnerving, but it’s important that you take action to reduce the impact. Three things...
26 June 2025
How to protect your personal information
It’s never been more critical to lock down your data. Choosing to safeguard your information in advance could save you a lot of unnecessary stress later. With cyber-attacks impacting people all over Australia every day, now’s the time to check in on how you’re protecting your personal...
17 June 2025
Owner split prizemoney capability on all Victoria races from July 1
Sharing horse ownership will become easier to manage with Harness Racing Victoria introducing split prizemoney capability for owners on all Victorian races from July 1, 2025. When actioned, the self-service payment system will enable prizemoney to be automatically split among ownership group members,...
Click for more