New Zealand Gazette – 2007 – No. 59

Page 1540

✨ Betting Account and Cash Outlet Investments

1540 NEW ZEALAND GAZETTE, No. 59 1 JUNE 2007

5.2 BETTING ACCOUNT AND CASH OUTLET INVESTMENTS

(a) In Cash Outlets, only Betting Vouchers, bank notes and coins, will be
accepted as payment for Investments.

(b) Subject to the provisions of Rule 7(a) the Investor shall be deemed to
accept the Investment confirmed to him, unless:

(i) In the case of a Betting Account Investment, the Investor corrects any
error or omission at the conclusion of the call back; or

(ii) In the case of Cash Outlets, the Investor corrects any error or omission
immediately after the issue of the Ticket.

(i) An Investor shall satisfy himself or herself that all the details of the
Investment as entered by the Investor are correct prior to confirming the
Investment;

(ii) Upon confirmation of the Investment by the Investor the Betting
Operator will make reasonable endeavours to confirm to the Investor
that the Investment has been accepted by the Betting Operator;

(iii) An Investment is considered to have been accepted by the Betting
Operator when it is recorded by the Betting Operator’s host computer
regardless of whether the Investor receives confirmation from the
Betting Operator.

(iv) In accordance with Rule 7, an Investment may not be cancelled after it
has been accepted by the Betting Operator.

VUW Te Waharoa — NZ Gazette 2007, No 59

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

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.

✨ LLM interpretation of page content

🏭 Placing of Investments (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsInvestments, Betting, Investment Conditions, Cash Outlets, Telephone Betting, Credit Balance

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