The regulatory regime governing the syndication of thoroughbred racehorses

The syndication of thoroughbred racehorses is subject to regulation under the Corporations Act and the Australian Rules of Racing

Author: AB (Tony) Fleiter BEc., LLB – Principal, Macquarie Legal Practice

Postal Address: PO Box 299, NORTH SYDNEY, NSW, 2059. AUSTRALIA.

Telephone +61 2 9235 2500 Facsimile +61 2 9235 1511 Email


Publication date: Last revised 2 December 2019. First published in December 2008. [with minor amendments to 26 April 2022]

Warning: This document is subject to Copyright. All rights reserved.

Disclaimer: The information in this document is of a general nature and is not legal advice intended to address the circumstances of any specific individual or entity. Although we endeavor to provide accurate and timely information, we do not guarantee that the information in this publication is accurate at the date it is received and or that it will continue to be accurate in the future.

This paper has evolved from a much shorter set of practice notes I compiled in 2002, and then a presentation paper when a principal speaker at 2 seminars in Sydney and Melbourne during 2004. I first published it in a form akin to its present form in 2008 and have revised it numerous times since then. It remains a work in progress.

I have discussed my analysis and conclusions with numerous thoroughbred industry participants and lawyers with significant expertise in a variety of legal disciplines, including the law relating to managed investment schemes. I appreciate the commentary and input of those persons.

If you would like to comment on any aspect of this paper, I invite you to do so.

Appendix D – The law of conversion – is new.