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The racing industry in Australia generates more than $10 billion annually (2004
figures) and it creates approximately 92,000 full-time equivalent jobs. Australian-bred
horses and Australian animal husbandry practices are highly regarded internationally
and the industry operates in a niche export area with high growth potential.
The industry revolves around the concepts of breeding, owning, training, and
racing animals in industry-regulated competition. In Australia the racing industry
has three codes: Thoroughbred, Harness and Greyhound.
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