Irish Horseracing Industry Act, 1994. Thoroughbred Foal Levy (Amendment) Regulations, 2004
Statutory Instruments
Source: Statutory Instruments

num: 1
paragraphs: Citation and Commencement.
num: 2
paragraphs: Amendment of Thoroughbred Foal Levy Regulations, 2000.
IRISH HORSERACING INDUSTRY ACT, 1994.
THOROUGHBRED FOAL LEVY (AMENDMENT) REGULATIONS, 2004.
Horse Racing Ireland, in exercise of the powers conferred upon it by Section 38A of the Irish Horseracing Industry Act, 1994 (as amended by Section 5 of the Horse and Greyhound Racing Act (Betting Charges and Levies) Act, 1999), hereby makes the following Regulations:
num: 1
paragraphs: Citation And Commencement.
(a) These Regulations may be cited as the Thoroughbred Foal Levy (Amendment) Regulations, 2004;
(b) These Regulations shall come into effect on the 1st day of January 2004.
num: 2
paragraphs: Definitions.
“The Principal Regulations” when used in these Regulations means the Thoroughbred Foal Levy Regulations, 2000.
num: 3
paragraphs: Amendment to the Principal Regulations.
(a) Regulation 3 of the Principal Regulations is hereby amended by deleting Regulation 3(d) and by inserting the following subsection in its place:
(d)
Nomination Fee Range
Rate Band
Levy Payable Per Foal
€
€
up to 1,000
A rate
num: 34
paragraphs: 00
1,001 to 2,500
B rate
num: 67
paragraphs: 00
2,501 to 7,000
C rate
num: 134
paragraphs: 00
7,001 to 12,000
Standard rate
num: 202
paragraphs: 00
12,001 to 33,500
D rate
num: 336
paragraphs: 00
33,501 and upwards
E rate
num: 538
paragraphs: 00
(b) Regulation 3 of the Principal Regulations is hereby amended by deleting Regulation 3(a) and replacing it with the following new Regulations 3(a)—
“(a) The owner of a thoroughbred foal born in the State, requiring to register such foal, shall register it in the stud book maintained by Weatherbys Ireland GSB Limited. The owner shall pay, at the time of application for registration through its offices of the foal in the stud book, a levy to Horse Racing Ireland.”
(c) The Principal Regulations are hereby further amended as follows:-
“(a) by deleting the words “Weatherbys Ireland Limited” in the definitions of “Registered Stallion” and “the stud book” in Regulation 2(a) and by inserting the words “Weatherbys Ireland GSB Limited” in their place;
(b) by deleting the words “Weatherbys Ireland Limited” in Regulation 4(a) and by inserting the words “Weatherbys Ireland GSB Limited” in their place;
(c) by deleting the words “Weatherbys Ireland Limited” in Regulation 4(b) and by inserting the words “Weatherbys Ireland GSB Limited” in their place;
GIVEN under the Seal of Horse Racing Ireland this 28th day of November, 2003.
DENIS BROSNAN,
Chairman
Horse Racing Ireland.
RAYMOND A. HORAN,
Secretary
Horse Racing Ireland.
I hereby consent to the above regulations.
JOHN O'DONOGHUE, T.D.,
Minister for Arts, Sport and Tourism.
Dated this 26th day of February, 2004.
EXPLANATORY NOTE.
(This note is not part of the Instrument and does not purport to be a legal interpretation).
Neither the Foal Levy nomination fee ranges nor rates payable have been changed since the introduction of the Thoroughbred Foal Levy Scheme in 2000.
The conversion of the nomination fee ranges and rates payable to their euro equivalent occurred automatically in 2002.
It is now considered appropriate, for ease of reference and operation, to reclassify the nomination fee ranges and amend the rates payable. The resultant changes to the rates payable represents an inflationary increase of 5% on the rates set out in the Thoroughbred Foal Levy Regulations 2000.
The amendments also provide that all thoroughbred foals born in Ireland requiring registration must be registered in Ireland.