Racing NSW and the Veterinary Practitioners Board have held a series of discussions on an alternative to licensing of veterinary practitioners by Racing NSW.
A Memorandum of Understanding is currently being finalised and the parties are committed to reaching an agreement by the end of January 2014.
In order to allow those negotiations to continue, Local Rule 82C and the licensing process will be suspended until the end of January 2014.
In another new industry development, Federation of Bloodstock Agents Australia (FBAA) members will be identified when purchases are made on behalf of their clients at sales conducted by Inglis and Magic Millions.
The Federation of Bloodstock Agents Australia was formed in 1988 to maintain, improve and develop the standards, status and services of Bloodstock Agents throughout Australia and to present and promote the views of its members.
Right now, there are 27 member firms which are available to assist in the sale and purchase of bloodstock as well as assisting in matters pertaining to bloodstock valuations, consultancy, management, matings advice, insurance, and other related matters.
The 2014 Gold Coast Magic Millions yearling sale saw 12 FBAA Members purchase 27 yearlings for a total of $4.08 million.