✨ Dead Heat Rules for Three Place Dividends




1 JUNE 2007 NEW ZEALAND GAZETTE, No. 59 1547

(ii) one third of the Pool shall be divided amongst the Investors on the other
Selection running the dead heat; and

(iii) one third of the Pool shall be divided amongst the Investors on the third
placing.

(c) Two Selections run a dead heat for first place and only one of those
Selections has been backed -

(i) one half of the Pool shall be divided amongst the Investors on the backed
Selection running the dead heat;

(ii) one half of the Pool shall be divided amongst the Investors on the third
placing.

(d) Two or more Selections run a dead heat for second placing -

(i) one third of the Pool shall be divided amongst the Investors on the
winner;

(ii) two thirds of the Pool shall be divided into as many equal parts as there
are backed Selections running the dead heat;

(iii) each part determined as described in sub-paragraph (ii) shall be treated
separately and Dividends shall be calculated by dividing each part
amongst the Investors on that backed Selection.

(e) Two or more Selections run a dead heat for second place and only one of
those Selections has been backed -

(i) one half of the Pool shall be divided amongst the Investors on the winner;
and

(ii) one half of the Pool shall be divided amongst the Investors on the backed
Selection running the dead heat.



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Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 2007, No 59


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





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