What does Australasian Thoroughbreds do?
We locate and purchase quality bred thoroughbred horses for the enjoyment of racing. We select and appoint a suitable trainer and undertake all necessary tasks to have the horse cared for, broken in and pre- trained.
Prior to purchasing a horse, we consider the horses breeding and physically inspect every horse to check its suitability for racing. A vet inspects the horses x-rays and offers a qualified commentary before it is considered to by purchased.
Each horses is offered by share syndication as a public offer after a PDS is registered through the TTSC whom hold an Australian Financial Services License (AFSL) , governed by ASIC. Full disclosure on costs, vet certificate report, trainers appointment letter with training fees and other relevant information is contained in the PDS, confirming total transparency and full disclosure to the incoming owner.
What happens on race day?
As an owner, your name is in the race book and also at the entry gate so you can gain free entry.
This entitles the owner to 2 daily members and enclosure tickets on the day. That means you can mingle in the members lounge bars and restaurants with other owners and racing members before and after the race.
We invite and encourage all of our owners to come down to the saddling enclosure (the bird cage), as your horse parades before the race. You will be introduced to the jockey and will hear our final instructions to the jockey on where the horse is to be positioned in the running, when he/she is to make his/ her forward move and any other instructions necessary.
After the race, you are welcome to come back into the bird cage to hear the jockeys comments first hand.
If the horse wins the race, all owners and guests are invited by the turf club into the "winners circle" lounge bar for a few celebratory drinks and to view the playback race video.
What does the team look for when selecting a yearling?
While a good pedigree is desirable, there are also many other aspects of the horse that factor into our final decision. The physical make-up of a horse is the most important aspect (See Points Of A Horse tab). Horses should be athletic, free moving and must be able to handle the pressures of the sale yard.
We also take into account sire service fees, possible residual value of the horse and market conditions.
Horses are only considered if they pass a pre-sale vet exam and present clean x-rays and scope reports. We consult our trainer and vet on all possible purchases.
How many people are there in each syndicate?
This can vary on each syndication, but the maximum number of owners permissible are 20 (5% equal shares). Race books will only display up to 20 owners names. By dividing the trainers and other expenses with other owners, it makes race horse ownership less expensive on a weekly or monthly basis.
Is each syndication a registered scheme under ASIC?
Yes. Australasian Thoroughbreds is an approved syndicator with the Thoroughbreds Trainers Service Centre Limited (TTSC) AFSL number 288213, a division of Racing Information Services Australia Pty Ltd (RISA).
How much does a share cost?
This differs from horse to horse and syndicate to syndicate. A registered scheme cannot exceed $250,000 and 20 owners. To give a guide to our horses, our recent syndications have generally ranged from $3,500 up to $12,500 per 5% share.
What does the price of a share include?
The PDS advises what items are included and a breakdown of cost. Items such as the Purchase Price and GST, Breaking in, Spelling, Pre training, Transport, Farrier, Race Series nomination fees, RISA fees, Mortality Insurance, Syndication fee, Naming and Training of the horses up to a nominated point in time.
What are the approximate training and spelling expenses?
Monthly training and spelling expenses do vary from trainer to trainer and will also depend if they are provisional or metropolitan based. Generally, with a 5% share, monthly training ranges around $3,500 ($40 per week) and spelling approximately $750 ($9 per week). On average a horse should spend two thirds racing and one third spelling.
Unforseen expenses such as vet expenses are impossible to predict.
Accounts are directly billed monthly from the supplier.
How is Australian Thoroughbreds remunerated?
Our up front syndication fee and costs reimbursement for promotion and advertising expenses, are identified in each PDS.
A monthly management fee of $55 including GST is charged on each share per horse and is billed quarterly in advance. This management fee is so we can effectively manage the horse for its owners which includes selecting and constant consultation with the trainer and jockey, attending early morning track work, race selection, race instructions to the jockey on race day, attending to nominations and acceptances, making the decisions for the horse on all owners behalves.
When does an owner receive the prize money?
We arrange for the prize money to be deposited directly from the racing authority straight into your nominated bank account. prize money is generally transferred within 10 days of the horses earning it.
We don't take any commission or administration fee from the prize money. The full owner entitlement is paid straight to you.
Do I have to pay tax on prize money received if I am a hobby owner?
No, as a hobby owner, all prize money is tax free. You will also be pleased to know hobby owners are free from capital gains tax on the sale of your horse.
Does Australian Thoroughbreds buy horses at the breeze-up sales or only yearlings?
Yes, we buy from both. In 2014 we attended and purchased horses at the Gold Coast Magic Millions Dispersal Sale and the New Zealand Karaka 2 year old breeze up Sale. In January and March 2015 Yearling Sales, we purchased yearlings from the Gold Coast Magic Millions.
How long do the horses race?
A horses racing career is always different to another. However generally geldings do tend to be more hardy and can run for up to 10 years of age.
A colt/ stallion or mare (if well bred and successful in the racing career), may be retired to stud duty much earlier for the greater value. Generally the very top colts are retired for stud before the age of 4 years.
There have been many horses that have been sold for huge money. One of those examples was 2008 Golden Slipper winner "Sebring" who sold for $30 million to Widden Stud and was a Magic Millions purchase of only $130,000 while 2015 Golden Slipper Winner "Vancouver" who sold for more than $40 million to Coolmore Stud and was also a Gold Coast Magic Millions Yearling purchase for $185,000.
Who trains the horses?
Australasian Thoroughbreds have a preferred trainers list on this website. We reserve the right to amended or updated the list at any time.
Generally if a certain trainer is selected for a specific horse, there is a reason. That reason may be that one trainer is better with fillies than colts, the horse is on the Gold Coast, in Brisbane or Sydney, or it might have a certain requirement etc. The reasons can be discussed with us on an individual basis.
When do shareowners first see their horse?
Anyone interested in becoming a owner can view the horse before making a decision prior. However some syndicate members prefer to leave the selection process to the professionals and consider the horses breeding, vet report, location of where it is proposed to race and the suitability of the product value.
Can owners see their horses being trained?
Yes of course. It is your horse, you are the owner. Most owners like to see their horse at track work so they can see it running and talk directly to the trainer and jockey. Simply email or text us which day best suits you and we will advise you of the approximate time to be there.
Alternatively if early mornings just aren't your thing, a mutually suitable time can be arranged outside of track work at the stable. For the safety and security of all horses, trainers generally prefer to undertake the inspections directly, as there are also other owners horses in the stable. Trainers generally prefer after the horses have completed their work and are being fed.
Can I talk directly to the trainer?
Yes. We encourage all owners to be as involved as they would like to be. After all this is your horse.
How do I know when my horse is running?
Owners are kept fully informed as to the progress and running plans of their horse through our management system. This is done through the information provided on this website, email, phone call or text. We also make sure we provide your email details to RISA, so the turf club where your horse is nominated and racing, advises you of the nomination and a few days later, the barrier draw.
We will let you know when your horse is racing and if the race, track conditions and strength of other runners. After the race, we will email you the trainers and jockeys comments and our summary of the wash up of the race.