In Australia, Horse racing is among the most-watched sports activities with people enjoying the race and betting on all for a winner among all. Melbourne race is so hugely popular and even termed as the race that stops the nation as employees get leave to watch the show live. Many of them even have the interest to invest in these racehorses. Although a lot of investment is required individually, still with syndication you can easily start with a lower investment such as from 2.5% of a racehorse. Horse Syndicates are also attracting several investors in the market due to the popularity of the game. Government has made special provision and rules regarding the management of these horse syndicates.
Australian Securities and Investments Commission (ASIC) handles all the rules and regulation concerning Horse Syndication Australia. Approved syndicates will have license or Permit holder to represent that are both issued by ASIC. These syndicates need to follow all the rules and regulations as defined by the ASIC. From investment, prize distribution, and each process of the syndicate, they have precisely laid out the rules, in general, that must be followed.
When someone invests they get complete documentation from the syndication with Product Disclosure Statement along with Deed of Sale. All the important details like monthly expenses, prize money distribution and all related rules between two parties. In case you are having doubts then take legal help and use them for purchasing an investment in the horse.
Licensed syndicators have a trust account as per the legal agreement and all investment & expenses are carried from that only. This account also provides their authenticity to the investors and should be mentioned in the investment agreement too. This also acts as a sign of avoiding your investment from fake or dodgy syndicators. One must never invest in any individual or personal account to avoid any financial troubles later. Name of the syndicate, account number, license, permit and all other details needs to be mentioned inside the documentation too.
Generally, costs for racecourse horses include initial investment, monthly expenses, and unexpected costs. The initial investment consists of the percentage horse sharing price, syndicate margin, taxes, Insurance and other costs that must be mentioned. Care, training and maintenance combine for ongoing or monthly costs. Unexpected costs are mainly related to horse illness and injury something that can't be expected at all. Billing models for syndicates might differ depending on weeks to a month and some even provide advance billing options too that investors can choose as per their preference.
At Equicom Syndicates, we are one of the reliable and licensed Horse syndication in Australia. We offer Racehorse Shares at the most affordable market prices and offer seamless communication to owners for justifying their investment in the horses. Equicom Syndication was built by people with vast experience in managing horse racing, jockeys and administration who understand the business completely. For any more information, guidance or precise investment pattern get connected with our equine experts now!
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