Syndication

The information on this page relates to syndications that are Managed Investment Schemes. If you are registering ownership of a thoroughbred racehorse for fun with friends or family, visit the thoroughbred registration page to find the forms relating to group syndicate forms.

Syndications that are Managed Investment Schemes

This section is specific for horse racing and breeding schemes which includes the offering of shares, syndication, promotion and management of such syndicates.

Any person seeking to offer a horse for sale by shares or syndication should be aware that such activity is regulated by the Australian Securities and Investments Commission (ASIC).

The ASIC approach to these schemes is outlined in Regulatory Guide 91 (PDF, 137kb). Refer to the Regulatory Guide 91 table 5 for particular information.

It is recommended that any person intending to syndicate a horse for racing or breeding should consider obtaining professional legal and accounting advice where appropriate.

How do I know if I need to register a Managed Investment Scheme?

A syndicate may fall within the definition of a Managed Investment Scheme where:

• members of the syndicate contribute money to gain an interest in the syndicate;
• the money is pooled in a common enterprise of horse racing to produce winnings;
• the members do not have day to day control over the syndicate.

A Managed Investment Scheme must be registered with ASIC. However certain horse racing schemes (syndications) will qualify for relief from direct registration with ASIC.

To qualify for relief the syndications must consist of the following:

• be conducted by a registered promoter approved by the lead regulator (control body for racing in each state);
• the promoter must hold an AFSL license;
• a pre-approved product disclosure statement must contain all relevant information and be made available to prospective clients;
• the syndicate must be limited to no more than 20 members;
• the total amount sought is not more than $250,000;
• the syndicator must lodge reports with the regulator as required;
• meet all other requirements of ASIC and the lead regulator including obtaining advertising approval;
• the promoter must be a company.

If you have queries regarding syndicates or the Managed Investment Schemes contact the Licensing department via email: licensing@qric.qld.gov.au or call: 1300 087 021.

Queensland promoters

The list of current promoters in Queensland:

Approved Promoters

• Action Thoroughbreds Pty Ltd
• Blueblood Thoroughbreds (AUST) Pty Ltd
• Darby Racing Pty Ltd
• Dream Thoroughbreds
• Hancox Bloodstock Pty Ltd
• Krew Racing Pty Ltd
• Proven Thoroughbreds
• Sire Custodians Ltd
• Slade Bloodstock Ptd Ltd
• Stable Connect Pty Ltd
• Supreme Syndications
• Trainer Connections Pty Ltd
• TTSC The Trainer’s Service Centre, a division Racing Australia