A racehorse may be raced by either a natural person/s or a syndicate, or a combination of a syndicate/s and/or natural person/s. There are various types of syndicates -

• A Company, which under the Australian Rules of Racing means a company incorporated or registered under any Act or Ordinance of any State or Territory of the Commonwealth of Australia whilst it remains so incorporated or registered. Application to Register a Company as a Syndicate Form.
• A Firm, which under the Australian Rules of Racing means any individual or any number of individuals not exceeding twenty (excluding companies) carrying on business in Australia under a firm or business name which name is and remains registered under any statute or ordinance of any State or Territory of the Commonwealth of Australia relating to "Business Names" or such-like. Application to Register a Stud or Firm as a Syndicate form.
• A Stud, which under the Australian Rules of Racing means a person, Firm or Company engaged in the breeding of horses for racing and which during the period of 12 calendar months immediately preceding any relevant point in time has returned to and had accepted five or more mares by the Australian Stud Book and/or the Australian Register of Non Stud Book Mares. Application to Register a Stud or Firm as a Syndicate form.
• A group of natural persons who wish to race a horse together. In this syndicate the number cannot exceed twenty. Application for Ordinary Syndicate Registration form, Ordinary Syndicate Schedule of Members Registration form (additional members not exceeding 20), Standard Syndicate Agreement form.

Racing NSW is a lead regulator (appointed by the Australian Securities and Investments Commission (ASIC)) of the syndication of racehorses in NSW, which is regulated by ASIC issued Class Order No. CO 02/319.

The Corporations Act and Class Order requires any person promoting interests in horse racing schemes to hold the appropriate licence (an Australian Financial Services Licence (AFSL)) issued by the ASIC.

They must also be approved by Racing NSW and recorded on the Register of Approved Promoters or Register of Authorised Representatives.

Any person whose activities are covered by the above description and who is not currently licensed should contact their legal adviser for advice, or Racing NSW and the ASIC for information. Until such time as an AFSL is obtained, as well as Racing NSW approval, such person should cease offering shares in racehorses.

• Selling Shares in Racehorses – Information and Conditions
• Trainers, Bloodstock Agents and persons offering share in racehorses - ASIC compliance checks 04/11/04
• Trainers, Bloodstock Agents and persons offering share in racehorses 01/06/04

• Australian Securities and Investments Commission (ASIC)
• Racing NSW Promoters and Representatives

General registration information click here .