Betting Account Rules




25 AUGUST NEW ZEALAND GAZETTE 2997

7. RULES FOR ESTABLISHING AND OPERATING A BETTING ACCOUNT

7.1 Purpose of Rules

The purpose of Rule 7 is to specify the conditions for establishing and operating a Betting Account. Rule 7 is to be read subject to any specific provisions in Rule 8: Rules Relating to Internet Investments and Rule 9: Rules Relating to Skybet Investments.

7.2 Establishing a Betting Account

(a) Every applicant opening a Betting Account must supply the information required by the Board in the form prescribed.

(b) Must be 18 years of age or older and must have their identity and age verified by the Board. The acceptable methods of verification by the Board of age and identity are specified in Appendix 2.

(c) Applicants must produce evidence of Identification as required, when applying to open a Betting Account.

(d) The application to open a Betting Account must be accompanied by a deposit of at least NZ$10.00.

(e) The applicant will be required to nominate a Personal Identification Number (PIN) before becoming an Account Holder.

(f) The details of each Account Holder will be held on the Board’s computer.

(g) All transactions made will be subject to the Financial Transactions Reporting Act 1996.



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Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 2003, No 113


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





✨ LLM interpretation of page content

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

🏭 Trade, Customs & Industry
Betting Vouchers, Financial Transactions Reporting Act 1996, Totalisator Agency, Identification, Deposits, Redemption, Betting Account