Chutzpah was leading overall on IMS handicap until prudent seamanship saw Bruce Taylor and his crew retire from last year's Hobart race, amazingly with no damage. This year Chutzpah, Taylor's fourth since 1985 has notched up some very credible results including 1st in Division B of the Sydney to Gold Coast race and top points scorer in the Australia Day Regatta sailed at Geelong.