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