✨ Betting Rules
3006 NEW ZEALAND GAZETTE No. 113
8.5 Acceptance of Bets
All bets will be debited to the Account Holder’s account automatically upon acceptance of their bet by the Board. The Board will not accept bets via the internet where there are insufficient cleared funds in credit in the account.
By placing a bet via the internet, the Account Holder agrees that their bet, once it has been transmitted from their computer:
(a) Will not be cancelled, withdrawn or amended by the Account Holder;
(b) May be accepted in whole or in part, or declined, by the Board at the complete discretion of the Board; and
(c) Will be accepted by the Board (thereby forming a betting contract) when the Board determines that the Board will accept the bet, with communication to the Account Holder unnecessary for this purpose.
The Board may refuse to accept any bet placed via the internet and will not be required to give reasons for its refusal. The Board will use its best endeavours to communicate to the Account Holder that the bet has not been accepted by the Board.
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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
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Rules Relating to Internet Investments
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🏭 Trade, Customs & IndustryBetting, Internet Investments, Account Holders, Rules