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:
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:
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.
For any inquiries, please contact.
CHIEF EXECUTIVE OFFICER
PH: 03 9548 3500