✨ Amendments to Betting Rules
66
NEW ZEALAND GAZETTE, No. 3
13 JANUARY 2006
Change #5
Rule 5.2 amended to:
In the case of cash bets, the procedure for payment of Dividends, Returns and Refunds is as follows:
(a) Dividends, Returns and Refunds will be paid in cash, or may at the option of the Board, be by cheque, or electronic transfer as determined by the Board. Payment shall be made in New Zealand currency.
(b) Dividends, Returns or Refunds will be paid on production of the ticket within six months of the date of the Race, Race Meeting or Authorised Event concerned.
(c) Dividends, Returns and Refunds not claimed within six months of the date of the Race Meeting or Authorised Event concerned will be retained by the Board, provided that they can be claimed on production of the ticket and completion of a written claim form as required by the Board.
Change #6
Rule 6 amended to:
The Board at its discretion and subject to these Rules, may issue Betting Vouchers, or any other instrument, in return for deposits received from Investors.
All transactions made using Betting Vouchers, are 'Occasional Transactions' for the purposes of the Financial Transactions Reporting Act 1996.
Change #7
Rule 6.6 amended to:
If a Betting Voucher:
(a) with a value less than or equal to $1.00 has not been redeemed within a period of 30 days of being established; or
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2006, No 3
Gazette.govt.nz —
NZ Gazette 2006, No 3
✨ LLM interpretation of page content
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Amendments to the Betting Rules under the Racing Act 2003
(continued from previous page)
🏭 Trade, Customs & Industry15 December 2005
Amendments, Betting Rules, Racing Act 2003, Dividends, Returns, Refunds, Betting Vouchers, Financial Transactions Reporting Act 1996