The Thoroughbred Trainers Service Centre (TTSC) is a holder of ASIC issued Australian Financial Services Licence (AFSL) 288-213 and is able to provide a financial service as specified under the terms of its licence and authorise a person or business.
The TTSC has appointed seven Authorised Representatives permitting each business to provide a service that's limited to Horse Racing Syndicate schemes only. Each Authorised Representative can distribute the TTSC compiled and Lead Regulator approved Product Disclosure Statement (PDS) for each thoroughbred they offer shares to the public.
Each PDS an individual receives the document ensures transparency therefore if they decide to invest in a Thoroughbred this document ensures they will receive individual consumer protection.
Each Authorised Representative deals in a financial product by applying for, issuing, or disposing of a financial product to interests in managed investment schemes limited to horse racing schemes. In doing this they sell beneficial interests in each Horse Racing Syndicate forming a scheme for the purpose of racing thoroughbreds.
Authorised Representatives conduct their business as lawfully required by the Commonwealth Government of Australia's Corporations Act 2001, Racing Australia's Australian Rules of Racing, ASIC's (Horse Schemes) Instrument 2016/790 plus its updated Regulatory Guide 91 (August 2016). Each Authorised Representative will always act as The Manager for all Horse Racing Syndicates ensuring code of practice requirements for all Syndicate duties. Authorised Representatives are able to offer 50 shares or less to as many individuals with an overall value that does not exceed $500,000 (inc. GST).
The TTSC has approved the following businesses as Authorised Representatives:-