Document ID: chunk:federal_register_of_legislation:F2021C01047:body:0:p6
Version: federal_register_of_legislation:F2021C01047
Segment Type: other
Provision Reference: 
Character Range: 12865–15599

the Act;
(b) the name of the horse or horses to which the syndicate relates;
(c) the name of the promoter of the syndicate;
(d) the name of the manager of the syndicate;
(e) an undertaking by the promoter that the promoter will, within 45 days after:
(i) applications for the minimum number of interests in the syndicate are received; or
(ii) the minimum amount for the syndicate has been raised;
register the syndicate with the lead regulator;
(f) a statement that the manager will be required to manage the syndicate in accordance with the syndicate agreement and any rules, regulations or guidelines made by the lead regulator in relation to such manager or management;
(g) details of fees and costs in relation to the syndicate
                 Note: Fees and costs in relation to the syndicate would include fees paid by the promoter or manager to trainers or suppliers and costs related to the promoters' business such as administration and legal costs.
(h) details of any actual or perceived conflict of interest of the promoter or manager in relation to the syndicate;
(j) for each horse to which the syndicate relates, a statement as to whether the promoter was entitled to a free service to its sire;
(k)  for each horse to which the syndicate relates, the purchase price and, where applicable, the passed-in price of the horse;
(l) for each horse to which the syndicate relates:
(i) if the participants in the syndicate are to have unencumbered title to the whole of the horse:
(A) a copy of the letter (vendor release statement) from the vendor or auction house confirming that the horse has been devolved to the syndicate or participants in the syndicate with unencumbered title, or confirmation by the promoter that the vendor release statement will be provided to the lead regulator before or on registration of the syndicate with the lead regulator; and
(B) a statutory declaration made by the promoter that:
                     (1) the promoter has a legally enforceable right to possession of the horse or that the promoter will, before or on registration of the horse racing syndicate with the lead regulator, have a legally enforceable right to possession of the horse; and
                     (2) the promoter will, before or on registration of the syndicate with the lead regulator, ensure that the participants in the syndicate will have unencumbered title to the horse; and
(C) confirmation that any personal property security interest registered against the title to the horse has been released or will be released and that the promoter will, before or on registration of the syndicate with the lead regulator, confirm to the lead regulator that the personal property security interest has been released; or