A tournament funded for one year by the NSWCA to encourage consolidation of various Grades tournaments into less fragmented offerings.
NSWCA puts up seed money of $2000 which all goes to the successful bidding Club who will manage the tournament. Seed money for one year. Bonus of $1000 to the managing Club if a thresh-hold number of participants is achieved.
I'm a little sceptical myself. One worry is that there'd be only about 2-3 clubs who would have both skill and will to make it happen. But, as my avid fan rightly asked, who wouldn't be keen on a promoter's fee?