The TOR Rules (part of the Australian Rules of Racing) and the Standard Training Agreement set out the arrangements between trainers and owners on matters such as:

• issuing of fees notices and invoices by trainers;
• payments and objections by owners;
• consequences of non-payment by owners; and
• dispute resolution.

The TOR Rules and the Co-owner Agreement set out the arrangements between groups of owners on matters such as:

• how decisions by an ownership group can be made;
• how an owner’s share may be sold;
• actions that may be taken against defaulting owners; and
• the managing owner’s role and powers.