The objectives of the New Zealand Racing Hall of Fame are:

To recognise and honour those whose achievements have enriched the New Zealand thoroughbred industry.
To increase national and international interest and participation in New Zealand racing.
To develop a prestigious event that has unique appeal to the general public as well as racing enthusiasts.
To enhance the image and brand of the New Zealand Racing Hall of Fame event and the new Racing Museum.

Inductees are chosen from right across New Zealand thoroughbred history, in two categories, Horses and People.

The selection panel comprised journalists, historians and industry professionals.

The Inaugural Selection Panel at their final deliberations