New Zealand Gazette – 2016 – No. 4

Page 14

✨ Bloodstock Syndicate Guidelines



NEW ZEALAND GAZETTE, No. 4 — 20 JANUARY 2016

  1. Upfront Costs and Expenses (All costs are inclusive of GST)

(a) Purchase of Bloodstock

(i) Purchase Date: //__

(ii) Private/Public Auction:
(Guidance: Lots passed in at public auction and subsequently bought, even while still at the auction premises, are considered to be a private transaction)

(iii) Cost: NZ$___.00 (including GST)

In relation to a "Greenfields Offer" (that is, where Bloodstock has not yet been purchased), set out the proposed avenues of purchase and the budget.

(b) Breakdown of other initial Costs

Buyer Agent Fee

Commissions etc

Marketing and Promotion

Valuations

Vet Reports

Transport

Working Capital

Other (specify)

(c) Number of shares: ____

(d) Cost per share: $___.00

  1. Ongoing Costs and Expenses (All costs are inclusive of GST)

(a) Management Fees, Commissions etc., Breaking, Pre-Training, Training, Nominations and Acceptances, Covers, Vet Care, Farrier;

(b) Financial Lease / Credit Arrangements

i. Instalments: ____

ii. Residual Payment: ____

(c) Liability of participant/shareholder to contribute further sums to or on behalf of the syndicate or bloodstock company.

(d) Regular monthly payments (if applicable)

(i) $___.00 Amount

(ii) ____ Due date

(iii) ---__ Bank account which payments are to be made into.

(e) Invoicing

Include the basis on which the participant will be invoiced for their share.

Note: On written request, supporting invoices or other evidence for costs invoiced will be provided by the Promoter or any person associated with this syndicate.

  1. Minimum Amount

In the opinion of the Promoter, the amount set out below must be raised under this offer to make the Bloodstock Syndicate or Bloodstock Company commercially viable:

$___.00 (insert amount)

Or if applicable, state that the offer is underwritten and by whom.

Note: Subscriptions are held in trust. This means that pending allotment, no subscriptions will be disbursed from the syndicate bank account.

  1. Insurance Information

a. Insurer

b. Term

c. Value

d. Type of policy (death / infertility / other)

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Online Sources for this page:

Gazette.govt.nz — PDF NZ Gazette 2016, No 4




✨ LLM interpretation of page content

🏭 Management Obligations and Reporting Requirements for Bloodstock Syndicates (continued from previous page)

🏭 Trade, Customs & Industry
Management, Bloodstock Syndicate, Bloodstock Company, Participants, Shareholders, Reporting, Auditing, Upfront Costs, Ongoing Costs, Insurance Information