✨ Betting Regulations
1544 NEW ZEALAND GAZETTE, No. 59 1 JUNE 2007
(ii) The Betting Operator must provide reasonable notice to Investors
before implementing any new "lesser time" cancellation period referred
to in Rules 7(b)(i)I and 7(b)(i)II
(iii) In the case of a Betting Account Investment made through a human
operator, before the conclusion of the telephone call during which the
Investment was originally made, or before any further Investment is
made, whichever occurs first.
[In the cases referred to in 7(b)(i)II, 7(b)(i)IV and 7(b)(iii) the
investment details may be corrected, but a refund may not be
obtained];
(c) Internet Investments may not be cancelled after the Investment has been
accepted by the Betting Operator.
(d) Betting Account Investments which are transacted using interactive voice
response may not be cancelled after the Investment has been accepted by
the Betting Operator.
8
NO-RACE, CANCELLED, POSTPONED OR ABANDONED EVENTS AND
MEETINGS
(a) For the purpose of Pools of the following Bet Types:
(i) the minimum number of Competitors required in order for a Racing
Totalizator to be conducted on an Event; and
(ii) the minimum number of Competitors which must remain in an Event (or
in the case of a Bet Type consisting of more than one Event, then which
must remain in at least one of the Events on which that Bet Type is
conducted) after sales for a Racing Totalizator have opened in order for
the Event not to be regarded as abandoned, shall be-
Win – 2
Place – 5
Quinella – 3
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2007, No 59
Gazette.govt.nz —
NZ Gazette 2007, No 59
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Dividends and Refunds Procedures for Betting
(continued from previous page)
🏭 Trade, Customs & IndustryBetting, Dividends, Refunds, Investment Rules, Racing Events
🏭 No-Race, Cancelled, Postponed or Abandoned Events and Meetings
🏭 Trade, Customs & IndustryBetting, Racing Events, Cancellation, Competitors