"We are confident of better weather on Monday": Darren Pearce.“We are confident of better weather on Monday”: Darren Pearce. Photo: AAP

Australian Turf Club chief executive Darren Pearce believes the right decision was made to postpone the first day of The Championships on Saturday, even though it will cost the industry more than $1 million.

It was the first time a Doncaster Mile has had to be postponed in its 150-year history. The meeting has been transferred to Monday after Racing NSW chief steward Ray Murrihy made the decision to postponed it at 9.30am.