Greyhound Industry Pushes For Self Regulation of Syndicates

Friday 29 June 2012

Greyhounds Australasia (GA) advises participants that it has made application to the Australian Securities and Investments Commission (ASIC) to obtain relief 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.

GA beliefs the relief being sought would give Controlling Bodies greater ability to manage and control syndicates within the scope of their legislative powers.

The basic limitations on an offer for subscription to a scheme are proposed as follows:

  • no more than 20 participants; and
  • the total amount sought by way of subscriptions not to exceed $150,000

Our application, first lodged in August 2011 remains in the hands of ASIC awaiting decision.

We will update participants on any developments in this regard.

Latest News

Wednesday 27 September 2017

The office of Greyhounds Australasia will be closed on Friday 29th September 2017. We will re-open at 9.00 am on Monday 2nd October 2017.

Monday 25 September 2017

Greyhounds Australasia (GA) advises that it will conduct an internal review of its Greyhound Passport Scheme and has suspended the issuance of greyhound passports to the United States for up to six months pending the outcome of that review.

Wednesday 12 July 2017

The Latest edition of the stud book (Number 64) is now available.
Cost $80.00 plus $10.00 postage.
To order phone 03 9548 3500 or email us here at Greyhounds Australasia on admin@galtd.org.au

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.

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