Prize Money & Subsidies – Manly 16ft Skiff Sailing Club

DAILY PRIZE MONEY

16ft Skiffs
Start $280 + Finish $280 = $560
Capped at 30 Race Days. Maximum of $560/Race Day. Multi-Race Days are $140 Start/Finish.

13ft Skiffs
Start $85 + Finish $85 = $170
Capped at 30 Race Days. Maximum of $170/Race Day. Multi-Race Days are $42.50 Start/Finish.

16ft SKIFF ANNUAL PRIZE MONEY

Club Championship
1st $3,000
2nd $2,000
3rd $1,000

Prizemoney is also awarded for each of these multiple heat events:
Point Score Scratch
Short Point Score Scratch
Long Point Score Scratch
Point Score Handicap
Short Point Score Handicap
Long Pointscore Handicap
1st $1,000
2nd $750
3rd $500

13ft SKIFF ANNUAL PRIZE MONEY

Club Championship
1st $1,000
2nd $500
3rd $250

SUBSIDIES & ADVANCES

16ft Skiff

New Boat*

A new boat (subject to availability) is eligible for a Subsidy and Prize Money Advance (Advance) under the following conditions:

A $21,000 Subsidy will be provided by the Club (approximately 25% of the new skiff value)
An applicant may apply for a $14,500 Advance in Prize Money (approximately 1 year’s Prize Money) to assist with the purchase
If required, further Advances to assist with the purchase will need an application to the Board and approval will depend on circumstances

Used Boat**

An applicant may apply for a $14,500 Advance in Prize Money (approximately 1 year’s Prize Money) to assist with the purchase
If required, further Advances to assist with the purchase will need an application to the Board and approval will depend on circumstances

13ft Skiff

New Boat

A new boat (subject to availability) is eligible for a Subsidy and Prize Money Advance (Advance) under the following conditions:

A $6,750 Subsidy will be provided by the Club (approximately 25% value of a new boat)
An applicant may apply for up to $8,700 in Advance Prize Money (approximately 2 years in Prize Money) to assist with the purchase
The remaining balance of the boat to be paid up front by the buyer

Used Boat**

An applicant may apply for a $4,350 Advance in Prize Money (approximately 1 year’s Prize Money) to assist with the purchase
If required, further Advances to assist with the purchase will need an application to the Board and approval will depend on circumstances

Flying 11

New Boat

A new boat (subject to availability) is eligible for a Subsidy under the following conditions:

A $5,500 Subsidy will be provided by the Club (approximately 25% value of a new boat)
Buyer must match the $5,500 Subsidy up front
Remaining 50% of the balance of the boat to be paid back in full up front or within a maximum of 2 years by Direct Debit

Manly Junior

New Boat

A new boat (subject to availability) is eligible for a Subsidy under the following conditions:

A $3,000 Subsidy will be provided by the Club (approximately 25% value of a new boat)
Buyer must match the $3,000 Subsidy up front
Remaining 50% of the balance of the boat to be paid back in full up front or within a maximum of 2 years by Direct Debit

Terms & Conditions

In order to be eligible for a subsidy and/or grant you must meet the following conditions:

Be an active Manly 16ft Skiff Sailing Club or St George Sailing Club member
Submit an application
Continue to meet the minimum 80% participation rate after receiving any Subsidy or Advance
Requests for Advances in Prize Money more than 1 year will require Sailing Manager and/or Board approval

For any new applicant who has not sailed at either Club, an application may be made to the Board for consideration.

Advance: an Advance is any future Prize Money awarded to a 16ft or 13ft Skiff participating in regularly organised racing at either Manly or St George. If the boat owner sells the boat, stops sailing for the Club, or does not meet the 80% participation requirement then any unrealized prize money must be paid back to the Club in full. In the event that money cannot be paid, the Club reserves the right to take ownership of the boat.

Subsidy: a Subsidy will be treated as a loan for a duration of 2 years. Upon completion of 2 years of sailing for the Club at the 80% participation rate, the loan will be extinguished and no requirement be made to pay the money back to the Club. If the boat owner sells the boat, stops sailing for the Club, or does not meet the 80% participation requirement then the Subsidy amount must be paid back to the Club in full. In the event that money cannot be paid, the Club reserves the right to take ownership of the boat.

*A New Boat includes a new hull supplied by ASSA with spars, fittings, and sails, ready to go sailing. Non-ASSA boats are not eligible for Subsidies but are still eligible for an Advance in Prize Money.

**A Used Boat is a boat that has participated in 1 or more sailing seasons.