New Zealand Gazette – 2003 – No. 113

Page 3000

✨ Betting Rules

3000 NEW ZEALAND GAZETTE No. 113

(b) Accounts may be closed by the Board at any time without giving
any reason and at its discretion the Board may remit the funds to
the Account Holder, or at the Board’s discretion, the Betting
Account may be frozen by the Board while inquiries are made
about the funds.

7.7 Investments using a Betting Account

(a) Bets may be placed by using a Betting Account which has a
credit balance.

(b) The sum to be drawn from a Betting Account may not exceed
the credit balance of the account. Credit betting will not be
permitted.

(c) Subject to the provisions of these Rules, the Account Holder
shall be deemed to accept the bet issued to them as recorded
against the account.

(d) A separate record will be kept of each Betting Account and of all
transactions, including bets on that account.

(e) Neither the Board nor any employee of the Board shall be liable
for any loss arising from the unauthorised use of a Betting
Account, nor for any loss arising from the postage of remittances
to the address supplied by the Account Holder.

7.8 Payment of Dividends, Returns and Refunds

Dividends, Returns and Refunds will be credited to the Investor’s
account in accordance with Rule 4.14.

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
KeywordsBetting Vouchers, Financial Transactions Reporting Act 1996, Totalisator Agency, Identification, Deposits, Redemption, Betting Account

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