β¨ Totalizator Investment Rules
16 APRIL] THE NEW ZEALAND GAZETTE 627
(vi) In respect of remittances or correspondence passing
(iii) Neither the Board nor any servant or agent of the
to and from the Board and an investor, the investor shall
Board shall be responsible for any loss arising from the
accept all risks, losses, delays, errors, or omissions which may
unauthorized use of a depositor's account.
occur in the ordinary course of post. The Board shall be under
(iv) Dividends and refunds will be credited to depositors'
no obligation to send any remittance by registered post.
accounts as soon as practicable after the results are known.
(vii) No investment will be accepted before the publication
Investments for subsequent race meetings requiring the use
of acceptances for the race meeting concerned or after
of dividends or refunds from previous race meetings will be
the advertised time for receipt of such investments.
accepted, provided the dividends from such previous race
B. Method of Investing
meetings have been credited before the advertised closing
(i) Instructions must be in writing and be accompanied
time for the acceptance of postal investments for such
by a remittance sufficient, and no more, for the investment or
subsequent race meetings.
investments required. Instructions relating to investments
against deposits must also be in writing signed by the
depositor.
(ii) The instructions as to investments must record
clearly:
(a) The surname, initials, and postal address of the
investor in block letters:
(b) The race meeting, the race at that race meeting, and
the name or totalizator number of the horse or
horses in respect of which the investment, including an
investment on a doubles totalizator, is made:
(c) The amount to be invested on each separate investment
and the total amount enclosed:
(d) Whether the investment is for win, place, or
doubles:
(e) The usual signature of the investor.
Instructions will not be accepted for alternative investments
to be made in the event of a nominated horse being scratched.
The investor shall be bound by the particulars and instructions
supplied by him.
(iii) Where instructions are incomplete or ambiguous,
the senior officer of the Board present, when such instructions
are received, may at his discretion reject the investment or
accept the investment according to what he believes to be the
intention of the investor. The investor shall be bound by such
interpretation.
(iv) No instructions will be accepted for an investment
against dividends payable on previous investments.
(v) The officers of the Board may accept part of any
investment instructions where the acceptance of the whole is
not permitted under these rules.
(vi) The Board shall advertise from time to time the latest day
and time up to which investments will be accepted. Instructions
received by the Board at any time later will not be accepted unless
the senior officer on duty at the totalizator agency concerned in
his discretion accepts the instructions.
(vii) The Board shall not be bound to acknowledge receipt
of or compliance with instructions for an investment.
C. Payment of Dividends and Refunds
(i) Dividends, refunds, and remittances in respect of depositors'
accounts will be paid at the option of the Board by cheque, bank draft,
bank transfer, bank note, postal note, or money-order posted to the
address given on the original instructions relating to the investment or
deposit in respect of which the dividend or refund or remittance is payable.
Posting the remittance shall be deemed delivery to the investor.
(ii) All exchange or poundage will be payable by the investor.
(iii) Remittances will be posted on the earliest convenient day next
after the day on which the race in respect of which the dividend is payable
has been run, except in respect of remittances in respect of depositors'
accounts.
(iv) The Board shall not be bound to submit a statement of account
when forwarding any remittance.
(v) If in any case the Board is in doubt to whom or to what address
any refund or other remittance from the Board should be sent, the Board
shall retain the amount payable and the person who claims to be entitled
thereto must apply in writing or, if so required, in person to the
totalizator agency to which the investment was sent and submit proof to the
satisfaction of the Board of his right to the amount held by the Board.
(vi) Any investor or depositor who claims that he has not received the
full dividend to which he is entitled, or who alleges that there is an
inaccurate entry in his deposit statement, must apply in writing to the
totalizator agency where the investment was made within four weeks of the
day on which the race concerned was run, and the application must be
accompanied by all relevant information supporting the claim. The senior
officer on duty at the totalizator agency will then notify the investor of
the decision regarding the claim. If the investor is dissatisfied with the
- Special Provisions Relating to Doubles Betting
A. General
(i) Any person making an investment at or with a totalizator agency
shall be deemed to accept, subject to any necessary modification in
regard to investments off the course, the regulations for the operations
of the doubles totalizator on the course adopted by the New Zealand
Racing Conference and the New Zealand Trotting Conference respectively
and for the time being in force.
(ii) Every person intending to invest on the doubles totalizator is
required, at the time of making such investment, to nominate the starter
he selects for both the first and the second race of the prescribed double.
In addition, he must give the information as to the race meeting, amount
invested, and other matters required in making cash or telephone investments
for win or place.
(iii) Dividends will be paid or credited to the investor in the same
manner as any investments by cash or by telephone or by post.
(iv) No investments on the doubles totalizator will be accepted prior
to the publication of acceptances.
B. Provisions Resulting from the Scratching or Withdrawal of Horses Nominated
for a Double
(i) Where Horse in First Race of the Double is Scratched or Withdrawn:
(a) If a horse, including a bracketed horse, is scratched or withdrawn
from the first race, the investor may at his option nominate a substitute
or accept a refund, at the totalizator agency where the investment was made,
up to fifteen minutes before the advertised time of closing for the receipt
of investments for the double.
(b) Where a horse is scratched or withdrawn at any time from the first
race and the investor has not substituted another horse, the investor will
be entitled to a refund, except in the case of a bracket when any one of the
horses in such bracket starts, and in such event the investment will be
deemed to remain on the starter represented by such bracket.
(ii) Where Horse in Second Race of the Double is Scratched or Withdrawn:
(a) If a horse, including a bracketed horse, is scratched or withdrawn
from the second race, the investor may, at the totalizator agency, where the
investment was made, at his option accept a refund up to fifteen minutes
before the advertised time of closing for the receipt of investments for the
double, or nominate a substitute up to fifteen minutes before the advertised
starting time for the first race.
(b) Where a horse, which is bracketed with a horse that starts, is
scratched or withdrawn from the second race at any time and the investor has
not accepted a refund or nominated a substitute as aforesaid, then the investor
will be deemed to have selected the remaining horse or horses in the bracket
as his starter in the second race.
(c) Where a horse, which is not bracketed with a horse that starts, is
scratched or withdrawn from the second race at any time and the investor has
not accepted a refund or substituted another horse, the Board will substitute
for the scratched or withdrawn horse the favourite for such race, as determined
by that part of the double investments received by the Board for starters in
the second race which were coupled with the winner of the first race and ascertained
after the time of closing for receipt and substitution of investments for such
double and as recorded before this adjustment takes place.
'Favourite ' as determined in the foregoing may be a horse or those horses
included in a bracket to which a separate number is allotted on the totalizator.
(d) Board's Substitution in Second Race Where Two or More Horses are Equal Favourites.-
In the event of two or more horses being equally determined as favourites in the
second race in accordance with clause (ii) (c) hereof, the favourite for the purpose
of such clause will be the equal favourite first appearing in the list of runners in
the totalizator records for that race at the time this adjustment takes place.
(e) Board's Substitution in Second Race Where Investment on Scratched or Withdrawn
Horse is only Investment for that Race.-In the event of the scratched or withdrawn
horse being the only horse in the second race for which the Board has received
doubles investments which were coupled with the winner of the first race, then the
horse next above the scratched or withdrawn horse in the totalizator records for
such race will be substituted for that scratched or withdrawn horse, and if there
is not a horse next above in that race, the horse next below the scratched or
withdrawn horse in the totalizator records for such race will be substituted for the
scratched or withdrawn horse.
decision of the Board shall be final.
(vii) Where an investment or deposit has not been accepted, a refund of the amount
of the remittance may be effected at the discretion of the Board by return of the
remittance instrument enclosed by the investor.
D. Additional Provisions Relating to Deposits for Postal Investments
(i) The minimum deposit is Β£10.
(ii) In the absence of written instructions as to the balance to be retained to the
credit of the depositor, settlement of the amount due to the depositor, including any
balance of his original deposit, will be retained pending receipt of written instructions
or remitted to the depositor at the discretion of the senior officer in charge.
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VUW Te Waharoa —
NZ Gazette 1953, No 21
NZLII —
NZ Gazette 1953, No 21
β¨ LLM interpretation of page content
π°
Rules Relating to Investments at or Through Totalizator Agencies
(continued from previous page)
π° Finance & RevenueTotalizator, Investments, Rules, Gaming Amendment Act 1949