New Zealand Gazette – 2003 – No. 113

Page 2991

✨ Betting Rules

25 AUGUST NEW ZEALAND GAZETTE 2991

4.14 Payment of Dividends, Returns and Refunds

Subject to Rule 10.7.5, Dividends, Returns and Refunds will be made available for collection, or, in the case of account betting, credited to an account, as soon as practicable after the Order for Payment of Dividends has been made or the Official Result confirmed.

If a Dividend, Return or Refund is subsequently altered then the Account Holder will be liable to the Board for repayment of the Dividend, Return or Refund and the Board may set off that liability against any credit funds in the account.

4.15 Cancellation of Investments

An Investor must ensure that their bet is placed correctly as the Board may refuse to cancel any bet without giving reason, or the Board may refuse to cancel any bet for any of the following reasons:

(a) Bets placed via the Internet cannot be cancelled.

(b) Bets placed on an Authorised Event during "Live Betting" cannot be cancelled.

(d) Bets cannot be cancelled after the start of the first Authorised Event involved in the event.

(e) Bets placed on an Authorised Event during a break in play cannot be cancelled after play has resumed.

(f) Fixed Odds bets can only be cancelled within 60 seconds of the bet being accepted by the Board.

In the 15 minutes prior to the scheduled start time of the Race concerned, Win, Place and Each Way bets can only be cancelled within 60 seconds of the bet being accepted by the Board.

VUW Te Waharoa — NZ Gazette 2003, No 113

Gazette.govt.nz — NZ Gazette 2003, No 113

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✨ LLM interpretation of page content

🏭 Betting Rules under the Racing Act 2003 (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsRacing Board, Betting Rules, Racing Act 2003, Payment of Dividends, Returns, Refunds, Cancellation of Investments, Account Betting, Internet Betting, Live Betting, Fixed Odds Betting

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