No he isn't Richard but the press release isn't wrong, his progeny will be eligible for those schemes if the "conditions apply" criteria are met. It's no different for other stallions standing outside NSW and similar is frequently written in their press releases too.

Breeders challenge is a mare based scheme that replaced the sires stakes some years ago. HRNSW has in part reintroduced the sires stakes in a fashion with the breeders challenge blue series and if you/they want more support for sires standing in NSW then this is the series that needs further support and funding.

Remove the colonial stallion rebate which to me appears to support the colonial stallion owners seting higher fees, encourage them to lower their service fee accordingly, and put the $500 rebate for each foal by a colonial sire into prizemoney for the breeders challenge blue series would be my suggestion.