✨ Betting Rules
25 AUGUST NEW ZEALAND GAZETTE 2999
(g) All funds deposited to a Betting Account will be converted
to New Zealand Dollars.
7.4 Withdrawal of Funds from a Betting Account
(a) Funds may be withdrawn from a Betting Account at a Totalisator
Agency upon obtaining and recording the Account Holder’s
account number, code and evidence of Identification or without
reference to the Account Holder where Rule 7.3 (f) applies.
(b) Subject to Rule 7.7 (e), upon instruction by the Account Holder
the Board will remit funds to the Account Holder by means as
approved by the Board.
(c) Subject to Rule 7.2 (i) funds may be withdrawn at a Totalisator
Agency by means of an electronic card.
7.5 Amendment to Account Holder Details
An Account Holder may be required to submit a written advice
amending any or all of the details in the original application to open the
account. The Account Holder may also revoke the original application
and replace it with a new application upon satisfying the Board that it is
necessary to do so for the Account Holder’s own protection. In either
case any funds standing to the credit of the Account Holder will be
transferred to his or her new account.
7.6 Closure Of Betting Accounts
(a) Accounts may be closed if requested by the Account Holder and
funds withdrawn subject to Rules 7.4 (a) 7.4 (b) and 7.4 (c)
relating to withdrawals.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2003, No 113
Gazette.govt.nz —
NZ Gazette 2003, No 113
✨ LLM interpretation of page content
🏭
Betting Rules under the Racing Act 2003
(continued from previous page)
🏭 Trade, Customs & IndustryBetting Vouchers, Financial Transactions Reporting Act 1996, Totalisator Agency, Identification, Deposits, Redemption, Betting Account