Prominent harness racing trainer's company goes into liquidation
A company directed by a prominent Tasmanian harness racing trainer has gone into liquidation with significant debt, owing creditors more than $735,000.
Tasmanian harness racing trainer Ben Yole's company, Ben Yole Racing, has entered liquidation, owing creditors over $735,000. ASIC documents reveal the company had no real estate or equipment, but did own motor vehicles and owed employees superannuation totaling $6,156.02. Main creditor Stephen Wyles was owed $481,299 from a secured loan, and the company also owed significant sums to the Australian Taxation Office, CWS, Dobson Mitchell Allport, and the Department of Justice.
Ben Yole was personally owed $46,890 by the company. The trainer was disqualified from the racing industry in August for failing to maintain insurance coverage for over 18 months, and in January 2025, his racing licence was further disqualified for three years due to mistreatment of horses at his Sidmouth property. An independent panel described the horse mistreatment as systemic and severe, involving equipment that compromised the animals' well-being.
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