. . . now controlled by racing rules. This discussion has been going on for sometime. Not what the breeders wanted but none the less they are stuck with it.
https://www.bloodhorse.com/horse-racing/articles/213022/australian-foals-to-come-under-racing-rules
Anyone who enjoys a good soap opera will enjoy the Aussie racing blogs and to their credit they maintain a vibrant industry. Some of the infield pictures indicate Preakness like parties every weekend. Their reputation for gambling is also a healthy aspect of their racing.