Greyhound Industry Continues to Push for Self Regulation of Syndicates

Tuesday 23 July 2013

Greyhounds Australasia (GA) wishes to advise participants that the Australian Securities and Investments Commission (ASIC) is progressing GA’s application to obtain relief from certain provisions of the Corporations Act with respect to the regulation of greyhound syndicates.

Under the relief sought, a promoter of certain greyhound syndicates who complies with a Controlling Bodies’ own syndicate rules, need not:

  1. register the managed investment scheme with ASIC;
  2. hold an Australian Financial Services License which is a license for any Australian businesses involved in the provision of financial services ; or
  3. give a Product Disclosure Statement.

Part of the application process involves ASIC undertaking a consultation period with syndicate operators and promoters, investors, consumer groups and other interested parties on the proposed relief. If individuals wish to find out more or provide a submission to ASIC, a consultation paper can be found at the following website: http://www.asic.gov.au/asic/asic.nsf/byHeadline/13-189MR%20ASIC%20consults%20on%20regulatory%20relief%20for%20greyhound%20racing%20and%20breeding%20syndications?opendocument

To support GA’s application, and as directed by ASIC, draft syndicate rules and an offer document are also available below for review.

Latest News

Monday 28 November 2016

The Board of Greyhounds Australasia (GA) has approved an amendment to the national rule GAR132(5) effective 1 December 2016.
See Attached

Wednesday 12 October 2016

Greyhounds Australasia (GA) Chief executive Scott Parker today welcomed the NSW government’s decision to overturn its ban on greyhound racing.

“The national greyhound racing industry is extremely pleased that the NSW government has listened to participants and the community and taken the decision to allow greyhound racing to continue.

Wednesday 31 August 2016

The latest edition stud book (#63) is now available.
Cost $80.00 plus $10.00 postage.
To order phone 03 9548 3500 or email us here on admin@galtd.org.au

Thursday 8 July 2016

Greyhounds Australasia CEO Scott Parker today expressed shock that the NSW government had decided to shut down greyhound racing in that state.

“I’m shocked this has happened and disappointed for the many thousands of people in the NSW industry that have only ever done the right thing.

Wednesday 22 June 2016

The Board of Greyhounds Australasia (GA) has approved new and amended national rules (GARs) effective 1 July 2016. See attached.

The objective of these new and amended rules is to further strengthen industry integrity and the welfare of all greyhounds whether racing, being prepared to race or retired.

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