In the interests of accuracy, the stake for this years NZ Cup is in reality $549,062.50. This more accurate figure is arrived at by deducting the $10,062.50 each entrant will pay to enter the race from the gross stake. Of course this amount will be refunded to the owners after the race making the acceptance fee an exercise in futility. Paying money to enter the race and getting it back after can surely not be counted as real winnings.
The amount of g.s.t. included in the fee is $1312.50. If the Cup was run for a stake of $550,000 with no acceptance fee owners would collectively save $19,687.50,