Expressoins Of Interest
Thoroughbred Trainers Service Centre Limited ACN 112 056 032 (TTSC) encourages and promotes thoroughbred horse racing nationally, establishing and conducting a national consolidated Horse Racing Syndication business to service the Australian racing industry.
The TTSC assists with education to the industry in relation to Australian Securities and Investments Commission (ASIC) compliance responsibilities when shares are offered under ASIC’s (Horse Schemes) Instrument 2016/790.
The TTSC is the holder of Australian Financial Services Licence No 288 213 (AFSL). The TTSC’s service does reduce the administrative burden for business with the ongoing provision of a low-cost service for the promotion Horse Racing Syndicates when shares are offered to the public under the Australian Rules of Racing and ASIC’s (Horse Schemes) Instrument.
The TTSC invites any interested party (Interested Party) to lodge a non-binding expression of interest (EOI) for the provision by the TTSC to the Interested Party of the Syndication Services.
Format of expressions of interest
The EOI should be generally in the format of an “Expression of Interest”. As a minimum, all information requested should be provided, additional information may be required if considered to be relevant by the Interested Party.
The EOI’s must be lodged by or on behalf of the Interested Party which is the intended recipient of the Syndication Services.
The TTSC may request further information from an Interested Party which lodges an EOI.
By completing an Expression of Interest you will not be making any commitment to receive the Syndication Services. It is simply an indication you are interested in receiving further information about the Syndication Service offered by the TTSC. The TTSC provides comprehensive documentation setting out the details of the Syndication Service and the terms on which the service will be provided, which will be made available to the Interested Party.
The TTSC proposes to provide the Syndication Services to an Interested Party whereby the TTSC will act as a Promoter for the Interested Party in accordance with the terms and conditions set out in a service agreement (Service Level Agreement). Upon receipt by the TTSC of the EOI a copy of the Service Level Agreement will be provided to you, if you have the correct professional qualifications and meet the TTSC’s criteria to hold an Authorised Representative Number. If you decide to engage the TTSC to provide the Syndication Service you must sign and return a signed Service Level Agreement (SLA) to the TTSC by no later than three (3) months from the date of mailing.
TTSC’s Collection of Your Information
The TTSC collects your personal information directly from you. For example, the TTSC collects information from you when you engage its services. The types of information we collect about you usually include your name, date of birth, contact details, mobile phone number, GST status and bank account details. With your consent, we also collect a certified copies of documents you provide us in order to verify your identity adding up to 100 points. For example your Australian driver licence and information relevant to your fitness to be involved in Horse Racing, including information on your experience, employment and educational histories.
The TTSC collects information from you when you fill out an application form on its website (www.ttsc.com.au), speak to us over the telephone, or when you send an e-mail or a facsimile. The TTSC may collect information about you that is publicly available, including any social media or professional websites, company information registers and racing publications. The TTSC may also collect information about you from third parties, including the Principal Racing Authorities (“PRA“) in each state and territory and any referees you nominate in an application form.
The TTSC only collects sensitive information, such as information about your criminal record, with your consent. The TTSC may use or disclose the information it collects about you for several purposes, including: to contact you;
- to identify you;
- to consider your request for TTSC’s service;
- to provide TTSC’s services to you;
- to facilitate the thoroughbred racehorse syndication process;
- to tell you about the TTSC’s service (you may contact us at any time to let us know if you do not want to receive information about TTSC’s service).
The TTSC may also disclose your personal information to government enforcement agencies, appeal bodies, race clubs, the Australian Stud Book, wagering service providers or other authorities as required, but only for one or more of the purposes described above or if the TTSC believes disclosure is reasonably necessary for law enforcement either by or on behalf of an enforcement body or the disclosure is authorised or required by law.
In providing you with a horse racing syndication service through the TTSC, the TTSC may disclose personal information, including the documents you provide us in order to verify your identity, such as your driver’s licence or passport to AUSTRAC for compliance purposes. The TTSC may also disclose your personal information to ASIC but only with your consent or where disclosure is authorised or required by law.
The TTSC may disclose certain information, including your name and contact details and information about thoroughbreds owned by you (“Racing Information”), as well as information relevant to your fitness to be involved in racing, to Principal Racing Authorities (PRA) in order to:
- enable PRA’s to fulfil their regulatory responsibilities;
- promote and protect the integrity of the sport to ensure compliance with the Australian Rules of Racing; and
- to enable PRA’s to communicate with you including for promotional, marketing and publicity purposes.
The TTSC does not generally disclose any personal information to overseas recipients (although the TTSC website can be accessed from countries outside Australia).
TTSC Anti-Money Laundering and Counter-Terrorism Financing Program (AML/CTF Program)
As of 1 November 2011 it became mandatory for all businesses with obligations under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) to be enrolled on AUSTRAC’s Reporting Entities Roll. This obligation applies to all businesses that provide a ‘designated service’ under section 6 of the AML/CTF Act.
Updating the Information we have about you
The TTSC uses its best endeavours to ensure that the information it holds about you is accurate, complete and up to date. You have a right to seek access to and correction of your personal information held by the TTSC. If you would like to know what information the TTSC holds about you or would like the TTSC to correct the information it holds about you, you can send your request to the TTSC by email or in writing.
Email: firstname.lastname@example.org or via mail:
Level 1 Racing Centre
400 Epsom Road
Flemington VIC 3031
Please allow 14 days for your request to be processed.
If you have concerns about how the TTSC has managed your personal information or believe that the TTSC has breached the Privacy Act, please contact us by email or in writing at the address listed above.
The TTSC will respond to you in writing about your complaint within a reasonable time. If you are not satisfied with our response, you have a right to apply to the Office of the Australian Information Commissioner to have your complaint heard and determined.
Security of the information the TTSC stores about you
The TTSC takes all reasonable steps to keep secure any information that is held about you. The TTSC collects and holds information about you in hard-copy and electronic form.
Hard-copy documents are kept in secure archive facilities at the TTSC office. Electronic records are linked to other information held about you in the TTSC’s secure electronic database.
The TTSC and links to other websites
The TTSC provides links to Racing Australia’s and Authorised Representatives external websites. These externally linked websites are not under the control of the TTSC, and as such the TTSC is not responsible for the privacy practices or content of companies linked to the TTSC website. Before disclosing your personal information on any other website, we advise you to examine the privacy policies of those websites.
TTSC Conflict of Interest Policy
The Conflict of Interest Policy applies to the services provided by the Offeror and/or the Promoter.
The TTSC Conflict of Interest Policy applies to the services provided by the TTSC.
As a business we have relationships and receive income from various parties. We will use our best endeavours to ensure the quality of our service is not compromised by any conflict of interest and that our actions are transparent at all times.
We will disclose to our clients any conflicts that may be perceived to impact any general advice that we offer.
All TTSC employees are employed on the basis they do not have or enter into any business interests, direct or indirect, which conflict or might reasonably be expected to conflict with the business of the TTSC.
Should any conflict situation that exists or arises it should be communicated in writing to the Chief Executive Officer of the TTSC and the Operations Chief Executive Officer of Racing Australia.