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Melbourne trainers Mark Kavanagh and Danny O'Brien have been fined in the long-running cobalt case.

Trainers Mark Kavanagh and Danny O'Brien have been fined $4000 and $8000 respectively at the end of the long-running cobalt case.

Justice Garde of the Victorian Civil and Administrative Tribunal delivered his decision on penalty on Tuesday after the two were originally disqualified by racing authorities for the administration of cobalt to horses in their care.

VCAT overturned the bans and Racing Victoria took the case to the Court Of Appeal which agreed they should be penalised for presentation but that neither had knowledge of administration.