WHY DO MOST SYNDICATORS OFFER SHARES AT A PRICE INCLUDING GST AND JUST A FEW OFFER SHARES + GST?
No answer can be offered as to why just a few syndicators offer a share price + GST. Under the Taxation Act, it is illegal to offer a price to a retail client + GST. All purchasers of publicly promoted shares are considered retail clients as defined under the Act. To offer (advertise) a share + GST is considered deceptive and misleading conduct under the Act. Naturally, questions will then follow regarding that promoters integrity and disclosure issues. If a promoter is prepared to deceive as a marketing ploy relating to the sale price then what else may be deceptive? Potentially in the budgeted holding costs is a common area where this practice exists when a few promoters intentionally downplay the expenses likely to be incurred in year one. Comment: Always compare and ensure what you are actually getting for your money do your homework and you will enjoy the experience of racehorse ownership.
