What is the TTSC?

The TTSC is a separate division of RISA which supports trainers through the provision of specialised accounting services and an ASIC/lead regulator compliant horse racing scheme syndication service (where shares are offered).

TTSC Horse Syndication

The TTSC provides a simple low-cost service to assist syndicators to comply with the requirements of ASIC and the relevant lead regulator where a syndicate issues shares. The TTSC performs the functions of Promoter and Manager under ASIC Class Order [CO 02/319] for syndicates with 20 or less investors or where the value does not exceed $250,000.

TTSC Accounting Services

The TTSC provides you with specialised, industry-based accounting services designed to save you time and money in the day-to-day running of your business. Specific services include accounts payable, accounts receivable, payroll and reporting.

AFS License Details

– The TTSC holds an Australian Financial Services License (No. 288 213) with authorisation to provide product advice and deal in horse racing schemes

– The TTSC is not authorised to provide personal advice (being advice that takes into account a person’s objectives, financial situation and needs) in relation to horse racing schemes

– The TTSC does not charge for general advice relating to the acquisition of an interest in a horse racing scheme

– The TTSC’s charges are detailed in the relevant Product Disclosure Statement

How does the service work for horse racing schemes?

Preparation and approval of Product Disclosure Statement (PDS) for horse raci ng schemes

– Prepares the PDS for approval by the lead regulator

– Assists with preparation, creation and booking of advertisements relating to the scheme

Maintenance of records for horse racing schemes

– Keep accounting records for each individual horse racing scheme

– Lodge accounts for each approved horse racing scheme with the lead regulator

– Lodge a copy of the horse racing scheme’s accounts with ASIC

– Maintain a separate account for depositing and paying all monies relating to each horse racing scheme’s operation

– When fully subscribed, register the horse racing scheme with the lead regulator

– When not fully subscribed repay monies received

Benefits for your business

TTSC Horse Syndication ensures you:

– Have peace of mind that you are complying with relevant rules for horse syndication.

– Are able to provide a professional syndication service to your owners.

Privacy

Information retained by the TTSC is for the purposes of managing your day-to-day business affairs. It will not be shared with other parties without your express consent, except where required by law.