PAPERWORK & PAYMENTS
What paper work do I need to join a syndicate? To join one of our syndicates, you'll need to fill in 3 forms-a Standard Syndicate Agreement, an acknowledgement that you've read the Promoters Disclosure Statement and a Integrapay Direct Debit Agreement-all of which will be emailed to you. Simple.
How can I pay for my share?You can pay for your share by Visacard, Mastercard, EFT (bank account details are on the invoice) or cheque.
How do I pay my fees? All syndicate fees are billed by direct debit from a credit card or bank account on the first day of every calendar quarter by our service provider Integrapay.
What is Integrapay? Integrapay are our direct debit billing service providers.
Can I pay my fees in advance? Yes of course. If you would like to get your bills out of the way at once and in advance, we're more than happy to take a six-monthly or annual payment.
Can I buy more than 1 share in one horse? Yes of course. You may buy multiple shares in as many of our horses as you like. Most owners do like to have a share in more than one horse-the major benefit being that while one horse is in the paddock, the other could be out at the track earning you prizemoney!
How will I get information on my horse? The communication service we provide is excellent. As a Belhus syndicate member, you'll receive up to two newsletters every week, (The "Belhus Weekly" on Wednesdays, and "Sharing Winners" on Fridays), plus specific information on your horse as and when it happens. Closer to raceday, you'll get an email when your horse is nominated for a race, has accepted for a race, and also a voicemail message from your syndicate manager and/or trainer via email after it's raced.
What colours will the horse race in? All Belhus horses race in the colours of Dark Blue, White Star, Checked Sleeves & Cap.
Can I meet other syndicate members? Of course! We'll go out of our way to introduce you to other members of your syndicate at trial and race days, and also at various social/business functions we hold from time to time.
Do I get free entry to the races? Absolutely! As a syndicate member you're entitled to free entry for yourself and one guest at most racetracks.
Who decides which jockeys ride our horse? The trainer and the Syndicate Manager acting together in their capacity as industry professionals make all regular day to day decisions involving the progress of your horse.
Can I speak to the trainer privately? We prefer that all communications go through your Syndicate Manager. One of his primary functions is to relieve the work load of the trainer from a communications point of view.
When will my horse race? Generally speaking, if a horse is likely to run early, it'll most likely make it's debut between Christmas and Easter of it's 2yo season. This depends on many factors though, the most relevant being the maturity of the young horse...
How much prizemoney do I receive? You'll receive your pro rata share of the nett prize money won by the horse less a 5% success fee if applicable to the particular horse. Nett prize money is Gross prize money less the percentage for the trainer (10%) and the jockey (5%) which is Australian Standard rates. Grand Syndicates do not take a percentage of prizemoney.
When is prize money paid out? Prizemoney is credited to your account, and as long as it's over $100, is paid out by EFT or cheque at the end of the month that it's received by our office from the relevant racing authority.
Do we always give a jockey sling? Jockey slings in appreciation for winning rides may be suggested by your Syndicate Manager in some cases but are entirely voluntary for our clients.
Will my horse be insured? Most of our horses are covered by insurance for approximately six months post syndication. After that, it's usually up to the individual syndicate member to decide whether or not they wish to insure their share.
What is covered by insurance? Mortality via accidental death or vets recommendation, and theft.
What happens when the horse is retired? If it's a filly or mare and has breeding potential, it'll be sold off at public auction to the highest bidder. If it's a gelding, he'll be given to a good home to be trained up for an alternative equestrian pursuit wherever possible.
What happens if I want to sell my share? You can place your syndicate share on the market at any time, but of course, it can only be sold if there’s a buyer. Whilst we will always try to match up your share with a potential buyer, we are under no obligation to do so. An investment in a racehorse should be viewed as a long term investment.
Do we ever get any of our money back like with syndicates that have a “bank”? Yes. When the syndicate is eventually wound up at the end of the horse's time with us, the balance of the syndicate bank account is divided up amongst the syndicate members pro rata to their shareholding.
Who names the horse? All members of a new syndicate are invited and encouraged to send in as many name suggestions as they wish. From these suggestions a short list will be compiled and the winning entry will be selected usually by the Syndicate Manager or by popular vote.
What do I get to show that I own a share in a horse? If you've returned your paperwork electronically (via fax or email), you'll have the original paperwork for your records. If you post your paperwork to us, please take a copy for your records.
Will I know who else has shares in my horse?Our policy is not to distribute other members contact details, however in addition to meeting your fellow owners at the races, we also hold social events which are a great way to meet the other people involved in your horse.
GOT A QUESTION YOU'D LIKE TO ASK? Just email us!