Changes to racehorse syndication rules

SYDNEY Aug 31 2016

Racehorse syndicators will be able to compete at a higher level in the yearling market with the investment limit doubled and the number of shareholders per horse increased from 20 to 50.

Until now, syndicators have been limited to $250,000 to buy a horse, an amount that included insurance and other related costs.

That has been increased to $500,000 by the Australian Securities and Investment Commission.

Other changes announced by ASIC on Wednesday include increasing the maximum number of syndicate members to 50 and formalising the co-regularity arrangements between ASIC and the racing regulators.



- AAP

 Email to friend   

       

Back to Racing News

Send to friend

Changes to racehorse syndication rules

Your Name *
Your Email *
Friend's Name *
Friend's Email *

Racing Search

Live Racing

International Racing

Upcoming International Racing on Sky

Friday 28th

Bet Now UK/Ireland SANDOWN PARK
G3 - The Bet365 Classic Trial (class 1)

Bet Now UK/Ireland SANDOWN PARK
G3 - The Bet365 Gordon Richards Stakes (class 1)

Bet Now UK/Ireland SANDOWN PARK
G2 - The Bet365 Mile (class 1)

Bet Now PUNCHESTOWN
TG1 - Tattersalls Ireland Champion Novice Hdle

Bet Now PUNCHESTOWN
Grade A - Punchestown Novice H'cap Chase

View Sky International

Form Guide

Sports

Connect