I'd prefer to see them not have the power of descretion...
While Confectioner had the Autumn off, most of the other Caulfield Cup chances were hard at it trying to get high enough in the order list to gain a start...
Hayes had only ran him in WFA events to protect 52.5kg this prep. The horse has had it's chance to get in, it hasn't. They could have ran in races to gain a penalty and get in, they didn't. They also could have won on Saturday, but a poor ride cost them. That's racing. They took a punt to stay at the weight and lost.
No doubting he is going great guns, but I can't feel sorry for them. Nor should another horse miss out after doing what they had to do to get in. Get rid of the rule that even says they have 'discretionary powers' imo.