New Zealand Gazette – 2003 – No. 113

Page 3004

✨ Betting Rules Supplement

3004 NEW ZEALAND GAZETTE No. 113

8. RULES RELATING TO INTERNET INVESTMENTS

Rule 8: Rules Relating to Internet Investments overrides relevant sections of Rule 7: Rules for Establishing and Operating a Betting Account.

8.1 Offer of Betting Services via the Internet

The Board offers to give due consideration to bets submitted via the internet by Account Holders to the Board where these bets are submitted via the internet in accordance with these Rules. By their action of submitting a bet via the internet, Account Holders:

(a) Agree with the Board that their bet is an offer that is made in accordance with these Rules; and

(b) Agree that they will be contractually bound by these Rules if the Board accepts their bet via the internet.

8.2 Establishment of an Account via the Internet

Investors who wish to place bets via the internet:

(a) 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; and

(b) May establish an account by depositing clear funds of not less than NZ$20.00, and not greater than NZ$1,000 via the internet.

The Board may (but will not be obliged to) accept bets as soon as an account has been established via the internet. Similarly, the Board may (but will not be obliged to) accept bets while this account remains in credit. However, the Board will not permit withdrawals to be made from

VUW Te Waharoa — NZ Gazette 2003, No 113

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

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

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🏭 Rules Relating to Internet Investments

Domain🏭 Trade, Customs & Industry
KeywordsBetting, Internet Investments, Account Holders, Rules

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