New Zealand Gazette – 2007 – No. 59

Page 1531

✨ Betting Rules Amendments

1 JUNE 2007 NEW ZEALAND GAZETTE, No. 59 1531

(j) "Cash Outlet" means any office at which the Betting Operator receives
cash investments direct from the public.

(k) "Club" means a racing club, harness racing or greyhound racing club.

(l) "Commission" means the statutory deduction under the Act to be
deducted from the amount paid into a Totalizator.

(m) "Competitor" means any animal that is a competitor in any Event upon
which the Betting Operator is accepting Investments.

(n) "Controlling Body" means the body or authority controlling the conduct of
the Event upon which a Totalizator is operating.

(o) "Credit Balance" means the monetary value attributed to an Account from
time to time comprising the amount deposited to open the Account together
with the value of all monetary winnings and deposits credited to the
Account less the value of all bets and withdrawals debited to the Account.

(p) "Dividend" means the amount declared to be payable in respect of any
Event and includes the unit of investment.

(q) "Event" means a race nominated by the Betting Operator as being
available for selection.

(r) "Internet Betting System" means a web-site operated by the Betting
Operator which receives Internet Investments.

(s) "Internet Investment" means an Investment made on an Account via a
web-site operated by the Betting Operator.

VUW Te Waharoa — NZ Gazette 2007, No 59

Gazette.govt.nz — NZ Gazette 2007, No 59

Parliament House (depicted) was completed in 1918 and remains the primary seat of Parliament.

✨ LLM interpretation of page content

🏭 Amendments to the Betting Rules pursuant to the Racing Act 2003 (continued from previous page)

Domain🏭 Trade, Customs & Industry
Dated1 June 2007
KeywordsRacing Board, Betting Rules, Racing Act 2003, Amendments, Definitions, Betting Terms

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