Jockeys are planning to disrupt New Year's Day races after rejecting the latest pay offer from New Zealand Thoroughbred Racing.
The jockeys are asking for a $30 per ride increase and have indicated they would accept a $10 increase - which they have done in the past.
But they say this year's offer is surprisingly low.
A spokesperson, Hayden Tinsley, says New Zealand Thoroughbred Racing offered them $3 more per ride, which they rejected.
He says the offer was then increased to an extra $5 a ride from New Year's Day and another $5 from mid-year.
Again, the jockeys refused.
Mr Tinsley says they want $10 from 1 January or they will delay races at the New Year's Day meetings by 10 minutes and refuse to do media interviews.
The racing organisation says it is eager to avoid industrial action, but the latest offer is as much as the industry can afford.