
Stable Connect Ltd, as the syndicate Promoter, will hold a suitable AFSL and be responsible for:
- Collecting all subscription monies, issuing units and maintaining proper books and records;
- Assisting with the initial marketing and distribution strategies of the syndicate;
- Performing debt collection tasks;
- Reconciling stallion revenue in accordance with contracts on hand;
- Paying outstanding invoices;
- Maintaining appropriate procedures and internal controls prescribed by ASIC e.g.: Dispute Resolution System;
- Co-ordinating meetings and procedures for compliance with ASIC;
- Maintaining the share registry;
- Arranging the preparation of the annual financial reports to distribute to members of the syndicate;
- Arranging the preparation annual financial statements and preparing and lodging tax returns and BASs;
- Provide compliance templates to the Stud, as appropriate;
- Arranging the annual audit.
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