Peter Moody handed 12-month training ban

Peter Moody, who famously handled the career of Black Caviar, has been banned from training for 12 months, with six months suspended, by the Racing Appeals and Disciplinary Board in Australia.

Moody was called before the RAD as part of the long-running cobalt saga and while he was cleared of deliberately administering illegal levels of the drug to Lidari, he was found guilty of a lesser charge.

Lidari tested positive for cobalt after finishing second at Flemington in October 2014.

Moody's suspension is due to begin on March 24, giving him time to make alternative arrangements for the horses in his care.

"(It's a) great disappointment; I'm a bit numb, really," Moody told www.abc.net.au.

"(We have) a lot of clients to meet and discuss options with, but first and foremost, I'll meet with my chief financial officer, my wife, and discuss it further with my legal team overnight..

"It's the only thing I've done since I was 10 years old. If I get disqualified, I'm unemployable - (I'm) a 46-year-old (and I) don't know how to do anything else.

"Suspension gives me the opportunity to still participate in the industry, but not as a trainer."

Moody captured the headlines in Britain when he brought Black Caviar from Australia to land the Diamond Jubilee Stakes at Royal Ascot in 2012, with the mare bowing out in 2013 as the winner of all her 25 starts.