✨ Equalisator Betting Rules
2218 NEW ZEALAND GAZETTE, No. 85 30 JULY 2007
Racing club or club means any club, association, or other body of persons
(whether incorporated or not) that is established for the purpose of
promoting, conducting, and controlling Races, and that is registered with a
Racing code in accordance with the constitution of that code; and includes a
hunt club
Racing code or code means each of New Zealand Thoroughbred Racing
Incorporated, Harness Racing New Zealand Incorporated and the New
Zealand Greyhound Racing Association (Incorporated)
Refund means an Investment returned to an Investor
Rules mean these Equalisator Betting Rules
Rules of Racing mean the New Zealand Rules of Racing, the New Zealand
Rules of Harness Racing and the Greyhound Racing Rules
Scratching means the declaration in accordance with the Rules of Racing
that a Race Entrant is a non-starter, and includes the withdrawal of a Race
Entrant
Ticket means an Equalisator ticket issued to an Investor as a record of the
bet placed
Ticket value means the amount of money paid for a Ticket.
(2)
Any term or expression that is defined in the Act and used, but not defined,
in these Rules has the same meaning as in the Act.
(3)
Any term or expression used in these Rules, but not defined, in these Rules
has the same meaning as in the New Zealand Racing Board Betting Rules
Pursuant to the Racing Act 2003.
4
Application of Rules
These Rules apply to the conduct and operation of Equalisator Race Meetings and
the Equalisator betting conducted at those meetings.
5
Clubs that may conduct Equalisator betting
A Racing club that wishes to conduct Equalisator betting must apply to the NZ
Racing Board for an Equalisator betting licence.
The Racing club must have prior approval to conduct Equalisator betting from the
relevant Racing code.
The NZ Racing Board will issue, at its discretion, a licence to conduct Equalisator
betting and the Equalisator betting licence will set out the date on which the Races
are to be held and the terms and conditions under which the Races and betting will
operate.
The Board has the discretion to revoke any Equalisator betting licence at any time.
6
Conduct and operation of Equalisator Race
Meetings and Equalisator betting
6.1
Requirements on clubs under the Racing Act 2003
The Racing club must comply with the provisions of Section 51 of the Racing Act
2003. This section is reproduced in full below:
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2007, No 85
Gazette.govt.nz —
NZ Gazette 2007, No 85
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Equalisator Betting Rules under Racing Act 2003
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