CP 242 Remaking ASIC class orders on horse racing syndicates and horse breeding schemes
Released 13 November 2015
This consultation paper sets out ASIC’s proposals to remake our class orders on horse racing syndicates and horse breeding schemes. Under the Legislative Instruments Act 2003, these class orders will expire (‘sunset’) if not remade.
We are seeking feedback on our proposals to remake, without significant changes, the following class orders:
- Class Order [CO 02/319] Horse racing syndicates, which is due to expire on 1 October 2016;
- Class Order [CO 02/172] Horse breeding schemes: private broodmare syndication, which is due to expire on 1 October 2017; and
- Class Order [CO 02/178] Horse breeding schemes: private stallion syndication, which is due to expire on 1 October 2017.
We also intend to update Regulatory Guide 91 Horse racing and breeding (RG 91) to reflect any changes in the remade ASIC instruments.