00:00Liz Andrischke has been retraining retired racehorses for a decade.
00:06How you doing mate?
00:07You're enjoying your breakfast aren't we?
00:08A few weeks ago she had a dozen thoroughbreds on her property in central Victoria, but now
00:14there's just one.
00:15Last man standing.
00:16Because she says the financial support isn't there to continue.
00:20In the end you've just got to decide how much money can you keep taking from your family
00:23when you've got young kids and you know all these mouths to feed, come on.
00:29Liz Andrischke doesn't receive funding from Racing Victoria, but the ABC understands six
00:34stables have closed their doors recently or stopped taking in racehorses due to a lack
00:39of financial support.
00:41They won't speak publicly, but have told the ABC they're getting just $100 per month per
00:46horse.
00:48That's despite the industry pledging 2% of its prize money, or more than $5 million a
00:53year on equine welfare.
00:55That's the $5 million question isn't it, where does the 2% go?
00:59And how does it actually help?
01:00There's no accountability on how this money's being spent.
01:04Once the ABC started making inquiries, Racing Victoria sent an email to its members to address
01:10what it said are common misconceptions about the 2% funding, and announced it would give
01:15retrainers an extra $50 a month to help cover costs.
01:20The email said it was ultimately up to racehorse owners to transition their horses to a suitable
01:25home upon their retirement from racing.
01:28And that due to cost of living pressures, demand for retired horses is slowing and they're
01:33taking longer to rehome.
01:35But animal rights activists say that's Racing Victoria's job.
01:39It's incumbent on the racing industry here in Victoria to find homes for them and rehabilitate
01:44them.
01:45The Racing Integrity Commissioner declined to comment on whether it is investigating
01:49where the money set aside for horse welfare is going.
01:52Racing Victoria said it wouldn't be making any further public comment at this time.
01:58For more information visit www.racingvictoria.com
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