HOW TO SELL

The TTSC Racehorse Syndication Service provides a low-cost service to assist with the compliance requirements of the Australian Rules of Racing, ASIC Corporations (Horse Schemes) Instrument 2016/790 and its updated Regulatory Guide 91 (August 2016).

The TTSC Racehorse Syndication Service complies with all Principal Racing Authorities requirements in their duty as ASIC’s nominated Lead Regulator.  The TTSC also acts on behalf of its clients when and where required as Promoter while overseeing its Authorised Representatives ensuring owners receive unencumbered title pro-rata to share holding, any shareholder that buys into a scheme receives consumer protection in addition any interest they acquire in an offer does not remain registered on the personal property security interest register (PPSR).

The Australian Rules of Racing in conjunction with ASIC Corporations (Horse Schemes) Instrument 2016/790 permitting 50 or less investors to buy into any approved offer where the scheme value does not exceed $500,000.00 (inc. GST).

AFSL License Details

  • The TTSC holds an Australian Financial Services License (No. 288 213) to deal in a financial product by:
    • issuing, applying for, acquiring, varying or disposing of a financial product in the respect of the following classes of financial products:
      • interests in managed investment schemes limited to:
        • horse racing schemes only to retail clients.
  • The TTSC is not authorised to provide personal advice (being advice that takes into account a person’s objectives, financial situation and needs) in relation to horse racing schemes.
  • The TTSC does not charge for general advice relating to the acquisition of an interest in a horse racing scheme.
  • The TTSC’s charges are detailed within each relevant Lead Regulator approved Product Disclosure Statement.

Preparation, Approval of a Product Disclosure Statement (PDS) for a horse racing schemes

  • The TTSC Racehorse Syndication Service prepares each Product Disclosure Statement (PDS) for each client so its ready for review and approval by the appropriate ASIC nominated Lead Regulator.
  • As the AFSL holder the TTSC assists with preparation, creation, review of all advertising (regardless of format) that relate to the horse racing scheme.

Maintenance of records for horse racing schemes

  • Maintain a separate bank account for each offer for depositing monies relating to each horse racing scheme’s operation.
  • Once fully subscribed, notify and register the scheme as per each Lead Regulators requirements.
  • If the scheme is not fully subscribed monies are repaid to consumers that were deposited*.

Benefits for your business

    The TTSC Racehorse Syndication Service ensures;

  • Clients have peace of mind knowing they are complying with the relevant Australian Rules of Racing for public syndication of thoroughbreds, ASIC’s conditions as well as all terms and conditions under the Corporations Act.
  • The TTSC Racehorse Syndication lists shares for sale in your thoroughbred on its website at no additional cost.
  • Ensure its clients are able to provide a professional horse racing syndication service and their owners receive full disclosure about the ongoing costs and any terms and conditions the nominated trainer has.
  • The TTSC actively assists in the promotion of shares for sale.
  • Ensure information is current, thus, making the most of the latest race result!

Cost

  • From $2,560.00 (inc. GST) for established Authorised Representatives and $4,063.35 (inc GST) for Authorised Representatives that are just starting out – costs are correct as of July 1st, 2017.

Privacy

Information retained by the TTSC Racehorse Syndication is for the purposes of managing your day-to-day business affairs and it won’t be shared with other parties without your express consent, or when required by law.

Want to know more? – Please Contact Us.

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