Arabic version: شركة بن يول للسباقات تدخل التصفية
According to ABC News, a company directed by prominent Tasmanian harness racing trainer Ben Yole has entered liquidation owing creditors more than $737,000. Ben Yole Racing changed its name to Zen 12 Tivo Pty Ltd on October 14 and appointed liquidators Adrian John Warry and Nicholas Giasoumi of Melbourne company Dye and Co Pty Ltd in October.
Australian Securities and Investments Commission documents state that, in a report lodged with ASIC, Mr Yole declared the company had no real estate or equipment but did own motor vehicles. He said the company was not owed money and owed employees $6,156.02 in superannuation.
The company’s largest creditor was Tasmanian business acquirer Stephen Wyles, who was owed $481,299 from a secured loan. Other listed debts included $97,457 to the Australian Taxation Office, $26,184 to CWS in Prospect Vale, $15,192 to Dobson Mitchell Allport and $70,250 to the Department of Justice. Ben Yole was also owed $46,890 by the company.
In August, Ben Yole Racing pleaded guilty to failing to maintain insurance with a licensed insurer for nearly 18 months. It was ordered to pay $62,168 to the WorkCover Tasmania Board and fined $8,000. The matter emerged after a January 2023 car crash near Sidmouth in Tasmania’s north, in which four horses were killed and injured workers later learned they were not covered by workers’ compensation insurance. The company had more than 30 employees at the time.
Mr Yole’s racing licence was disqualified for three years in January 2025 over the mistreatment of horses at his Sidmouth property. An independent stewards panel described the conduct as “systemic razzing” over at least 12 to 18 months, involving measures intended to frighten horses. Mr Yole has been contacted for comment.
