business.gov.au

Register a Thoroughbred Racing Syndicate - Western Australia

Description

You will need this registration to own thoroughbred racehorses as part of a syndicate. A syndicate can be either a:

  • company
  • stud
  • firm
  • group of up to 20 individual people.

You must nominate a natural person as the manager of your syndicate. If you intend to promote shares in a racehorse to the public, you will need further financial services licences from the Commonwealth Government.

Service type

Licence

A licence defines the need to obtain recognition / certification and registration to undertake a certain business activity.

Eligibility requirements

Please consult the Contact Officer for more information regarding eligibility requirements.

Duration

Registration is ongoing as long as a horse owned by the syndicate is raced at least once every five years.

Fees

Fees Details for this service in table format.

Task Type Business Structure Description
Apply Application All

Fee information is in the attached fee resource.

Act(s) name

Racing and Wagering Western Australia Act 2003 Western Australia

Regulation(s) name

Rules of Thoroughbred Racing 2019 Western Australia

Application process

Apply

You will need to provide the following in your application:

  • details of registration of the syndicate by any other Australian racing authorities
  • an address to be the registered address for the syndicate.

If you are applying as a firm or company you must also provide copies of:

  • your certificate of incorporation
  • the company constitution (if applicable)
  • the name, address and date of birth for each director
  • the name and address of each member
  • the address of the registered office.

If you are applying as a group of individuals you must also provide a copy of your syndicate agreement. This must include:

  • the name, address and date of birth of each member
  • the amount of the share each member owns in the horse
  • details of the financial arrangements between the members including the method of calculation and timing of payment of contributions due from the members
  • provision for the appointment of a manager
  • a declaration that each member has read the rules of racing and the regulations
  • a declaration that each member has not been convicted of any criminal offence excluding traffic offences
  • terms for the provision of syndicate accounts to members.

Administering agency

Racing and Wagering Western Australia

Contact details

Contact Email, Phone and Address Details for this service in simple two column table format, header then data.