NZQA Expiring unit standard
12627 version 4
Page 1 of 5
Title
Seek raceday rides, be interviewed, and manage financial
transactions in thoroughbred racing
Level
3
Purpose
Credits
12
This unit standard is for people who want to either ride or
become licensed trainers in the thoroughbred racing industry.
People credited with this unit standard are able to: seek
raceday acceptances in thoroughbred racing; seek raceday
rides in thoroughbred racing; be interviewed in pre-race and
post-race situations in thoroughbred racing; describe facilities
for financial transactions and maintain raceday records in
thoroughbred racing; establish and evaluate a personal budget;
and identify the business function, financial record system
components, accounting and taxation requirements, and
insurances suitable for a self employed jockey.
Classification
Equine > Thoroughbred Racing
Available grade
Achieved
Explanatory notes
1
Information on apprenticeship requirements and the New Zealand Rules of Racing
are obtainable from New Zealand Thoroughbred Racing Inc, PO Box 38386,
WELLINGTON MAIL CENTRE, Telephone 04 576 6240 or at
http://www.nzracing.co.nz/About/RulesOfRacing.aspx.
2
All work practices must meet the obligations required under the New Zealand Rules
of Racing. New Zealand Thoroughbred Racing Inc. is empowered under the Racing
Act 2003 to ensure compliance with the New Zealand Rules of Racing.
3
For this unit standard the practical assessment evidence must be provided in the
context of a commercial business operation under normal working conditions.
4
Legislation relevant to this unit standard includes but is not limited to – the Income
Tax Act 1994, the Wages Protection Act 1983, the Credit Contracts Act 1981, the
Injury Prevention, Rehabilitation, and Compensation Act 2001, the Health and Safety
in Employment Act 1992.
Outcomes and evidence requirements
Outcome 1
Seek raceday acceptances in thoroughbred racing.
Primary Industry Training Organisation
SSB Code 101558
 New Zealand Qualifications Authority 2016
NZQA Expiring unit standard
12627 version 4
Page 2 of 5
Evidence requirements
1.1
Fields obtained from racing club secretaries are relevant to the carded race
meeting.
Range
1.2
fields are obtained by – facsimile, telephone, email, internet.
Horses are identified from within fields which suit the individual in terms of riding
weight and allowance.
Outcome 2
Seek raceday rides in thoroughbred racing.
Range
by telephone, in person.
Evidence requirements
2.1
Identification of trainers who have horses in a race is matched with the
handicap designated to the individual seeking raceday rides.
2.2
Information obtained from the trainer is relevant to the horse and the race.
Range
facts, opinions, horse’s characteristics.
2.3
Information obtained from the trainer regarding the horse and the race is
clarified and confirmed in a professional manner.
2.4
Feedback provided to the trainer regarding the horse and race is given in a
professional manner.
Outcome 3
Be interviewed in pre-race and post-race situations in thoroughbred racing.
Range
interviews are with the – trainer, owner, media.
Evidence requirements
3.1
Dress and behaviour are appropriate to the interview situation and the occasion.
3.2
Responses to interview questions are relevant to the question in terms of
information and opinion, and given in a clear and concise manner.
3.3
Questions are clarified in a clear and concise manner.
3.4
Voice modulation, tone, eye contact, and posture are appropriate to the
formality of the interview situation.
Primary Industry Training Organisation
SSB Code 101558
 New Zealand Qualifications Authority 2016
NZQA Expiring unit standard
12627 version 4
Page 3 of 5
Outcome 4
Describe facilities for financial transactions and maintain raceday records in thoroughbred
racing.
Evidence requirements
4.1
Description of financial accounts is in terms of those which are relevant to the
individual’s personal and work situation.
4.2
Short-term and long-term investments are described in terms of those which are
suitable for the individual.
4.3
Explanation of the New Zealand Thoroughbred Racing Inc. trust account in
relation to riding fees and the system for withdrawing from and closing the
account is in accordance with the New Zealand Rules of Racing.
4.4
Calculation of stake earnings is in accordance with percentage received.
4.5
Race records maintained in the racing diary are in accordance with
apprenticeship requirements for thoroughbred racing.
Range
must include – date, venue, name of horse, name of rider, race
results, race conditions, stakes.
Outcome 5
Establish, revise, and evaluate a personal budget.
Evidence requirements
5.1
Identification of sources of income and expenditure is in accordance with the
individual’s personal situation.
Range
5.2
includes but is not limited to – variable income, fixed and variable
expenditure.
The budget balances, is realistic and meets the individual’s goals.
Range
goals may include but are not limited to – leisure, savings, other
business activity.
5.3
Options available to manage additional expenditure are identified, and budget is
revised in accordance with the selected option.
5.4
Adjustments required to maintain a balanced budget are identified through
evaluation.
Outcome 6
Identify the business function, financial record system components, accounting and
taxation requirements, and insurances suitable for a self-employed jockey.
Primary Industry Training Organisation
SSB Code 101558
 New Zealand Qualifications Authority 2016
NZQA Expiring unit standard
12627 version 4
Page 4 of 5
Evidence requirements
6.1
The business function of a jockey is identified in terms of provision of services.
6.2
Two sources of assistance with financial matters are described in terms of
services provided.
Range
6.3
Financial record systems and components are identified and explained in terms
of how they meet the needs and activities of a jockey.
Range
6.4
includes but is not limited to – registration, threshold, rate, return
periods, tax invoices, returns, accounting basis, calculating GST,
payment and refund process, interest and penalties.
Taxation requirements for a jockey are identified and payment strategies
determined in accordance with the Income Tax Act.
Range
6.7
may include but are not limited to – cheque, savings and
investment accounts, lending facilities, money transfer services,
bank fees, overdraft facilities and fees, interest rates, related
services, lease, hire purchase, outright purchase, business loan.
GST requirements for a jockey are identified and explained in accordance with
legislation.
Range
6.6
may include but is not limited to – business/personal, receipts,
payments, invoicing, cashbook, drawings.
Banking services and financial options are identified and explained in terms of
how they meet the needs and activities of a jockey.
Range
6.5
may include but are not limited to – bankers, accountants,
business advisors, Inland Revenue, government or local body
agencies that provide business mentoring.
may include but is not limited to – cycles, ACC, provisional tax,
terminal tax.
Description identifies jockeys’ business and personal risks, describes the
insurance options available, and explains their benefits.
Range
may include but is not limited to – accident insurance, income
protection insurance, car/house insurance, life insurance, lifestyle
protection insurance, health insurance.
Replacement information
Primary Industry Training Organisation
SSB Code 101558
This unit standard has been replaced by unit standards
29176 and 29177.
 New Zealand Qualifications Authority 2016
NZQA Expiring unit standard
12627 version 4
Page 5 of 5
This unit standard is expiring. Assessment against the standard must take place by
the last date for assessment set out below.
Status information and last date for assessment for superseded versions
Process
Version Date
Last Date for Assessment
Registration
1
26 November 1997
31 December 2020
Review
2
25 September 2003
31 December 2020
Review
3
17 October 2008
31 December 2020
Review
4
15 October 2015
31 December 2020
Consent and Moderation Requirements (CMR) reference
0018
This CMR can be accessed at http://www.nzqa.govt.nz/framework/search/index.do.
Please note
Providers must be granted consent to assess against standards (accredited) by NZQA,
before they can report credits from assessment against unit standards or deliver courses
of study leading to that assessment.
Industry Training Organisations must be granted consent to assess against standards by
NZQA before they can register credits from assessment against unit standards.
Providers and Industry Training Organisations, which have been granted consent and
which are assessing against unit standards must engage with the moderation system that
applies to those standards.
Requirements for consent to assess and an outline of the moderation system that applies
to this standard are outlined in the Consent and Moderation Requirements (CMR). The
CMR also includes useful information about special requirements for organisations wishing
to develop education and training programmes, such as minimum qualifications for tutors
and assessors, and special resource requirements.
Primary Industry Training Organisation
SSB Code 101558
 New Zealand Qualifications Authority 2016