3392 NEW ZEALAND GAZETTE, No. 144 30 SEPTEMBER 2009

(b) unless NZTR directs otherwise, be signed by persons holding at least a 51% interest as Owner or lessee (as the case may be) in such horse, and shall not take effect until it has been notified to, and the appointment of the new Racing Manager has been approved by, NZTR.

(2) NZTR may in its absolute discretion, at any time and without assigning any reason, withdraw its approval of the Racing Manager of a horse and require another Racing Manager to be nominated for that horse, including if the Racing Manager is or becomes a person to whom any of sub-Rules 411(b)(i) to (vi) apply.

RESPONSIBILITIES AND AUTHORITY OF RACING MANAGER

427 The Racing Manager of a horse:

(a) shall in place of the Owner(s) or lessee(s) of that horse who appointed him as Racing Manager:

(i) have the authority under these Rules to nominate, enter, or accept that horse for, or withdraw or scratch it from, a Race; and

(ii) receive any prizes or stakes in respect of that horse, and in that respect any reference to an Owner or lessee in any Rule empowering such persons to carry out such acts and to enjoy such rights shall be deemed to include the rights for the Racing Manager to act in the relevant Owner or lessee’s place;

(b) shall ensure by all reasonable means that the Owner(s) or lessee(s) who appointed him as Racing Manager of the relevant horse:

(i) meet in full all debts incurred in connection with the racing of that horse;

(ii) comply with any conditions imposed by NZTR on the registration of that horse;

(iii) carry out every obligation imposed on them under these Rules in their capacity as Owner(s) or lessee(s), as the case may be, of the horse; and

(iv) are represented:

(A) by him or failing him some other responsible person (not being Counsel or a lay advocate) at any hearing which commences and is heard on Race day; and

(B) by him or failing him Counsel or a lay advocate or some other responsible person at any other hearing;

(c) (subject to any right of appeal which they may have under these Rules) shall comply with any decisions made in accordance with these Rules which relate to or affect them or the relevant horse; and

(d) may, if duly authorised to do so, sign a notice of change of ownership on behalf of one or more Owner(s) or lessee(s) provided that:

(i) the relevant interest in the horse represented by that change of ownership is no more than 20%; and

(ii) in doing so, the Racing Manager warrants to NZTR that he has authority from the relevant Owner(s) or lessee(s) to sign on their behalf.

428 If an Owner or lessee of a horse is a Legal Ownership Entity, then the Racing Manager appointed in respect of that horse by the Owner(s) or lessee(s) (as the case may be) must:

(a) give notice to NZTR as soon as the Racing Manager becomes aware of any change (directly or indirectly) in the legal or beneficial ownership of any shares, or other similar ownership rights or interests, in that Legal Ownership Entity or any change in the members of the board of directors or other governing body of that Legal Ownership Entity. Each such notice must set out the full name of each person who has:

(i) acquired the legal or beneficial ownership (directly or indirectly) of any such shares or other rights or interests; or

(ii) been appointed to such board or other governing body; and

(b) provide to NZTR such information in respect of:

(i) the Legal Ownership Entity;