Dunaden is now eligible to be re-handicapped for next month's Melbourne Cup.
But stable spokesman Geoffrey Faber says it would be unfair to penalise the seven-year-old.
"He's a racehorse not an airplane ... he shouldn't get a penalty," Faber said. "Besides he didn't win by that far, did he?"
Starting at $14, Dunaden beat Alcopop ($16) by a half length with Lights Of Heaven ($11) another three- quarters of a length away third.
Overseas-trained horses filled three of the first five placings with My Quest For Peace finishing just behind Americain in fifth.
Another star in the making stepped into the spring sprinting ranks depleted by the absence of Black Caviar when Howmuchdoyouloveme sped to an impressive victory in the Group Two Caulfield Stakes.
Howmuchdoyouloveme burst from the gates, cruised through the first 600m and then dashed home to register his fifth win from six starts and convince his trainer Con Karakatsanis he has something special.
Howmuchdoyouloveme ($3.50) justified his favouritism when he scored by two lengths from the Darwin sprinter Canali ($10) with Latin News ($26) a long neck away in third place.
A $5000 purchase from the Inglis Classic sale, Howmuchdoyouloveme almost doubled his lifetime earning with yesterday's $132,000 prize and has the chance to double it again at Flemington during Melbourne Cup week.
Karakatsanis plans to run the horse in the Group Two Salinger Stakes (1200m) on Derby day and back up in the Group One Patinack Farm Classic (1200m) on the final day of the carnival.
Just days after his father died, Moe trainer Peter Gelagotis posted his greatest triumph in racing when his colt Hvasstan took out the Group Three Norman Robinson Stakes (2000m) at Caulfield.
Gelagotis was in tears as he hugged jockey Glen Boss and part-owners, who include former Carlton AFL stars Greg Williams and Fraser Brown.
Hvasstan, situated mid-field for much of the race, unleashed a burst of speed over the closing 100 metres to snatch the win by a short half-head.
Honorius, ridden by Corey Brown, was awarded second place on protest, after claiming interference near the line by Nick Hall aboard Electric Fusion.
Gelagotis said he was devastated that his father Michael, who died on Wednesday, would not see his horse run in the Victoria Derby. The elder Gelagotis, a passionate racing man, started the stable.
-AAP