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New Zealand Gazette – 2009 – No. 68

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✨ Amendments to Betting Rules

15 MAY 2009 NEW ZEALAND GAZETTE, No. 68 1529

Change #3

Rule 10 is amended by adding the following new Rules:

10.11 TAB National Syndicate

The Board may from time to time operate a TAB National Syndicate on one or more Race Meetings.

The TAB National Syndicate provides for Syndicate Investors to pool money together. Participation in the TAB National Syndicate is through the issuing of Syndicate Voucher.

This pool of money is then invested on Races at one or more Race Meetings by a person selected by the Board. Subject to Rule 10.11.12 any Dividends earned from the Investments are returned to the Syndicate Investors.

10.11.1 Interpretation

In Rule 10.11, unless the context otherwise requires:-

"Initial Syndicate Pool" means the sum of money placed in the TAB National Syndicate by the Syndicate Investors.

"Final Syndicate Pool" means the total sum of money available for calculation of the Syndicate Dividend and may include amounts from the Initial Syndicate Pool and winnings from Investments on the Race Meetings.

"Syndicate Account" is the Betting Account used for placing Investments from the Initial Syndicate Pool on the Race Meetings.

"Syndicate Dividends" means the amount payable from the TAB National Syndicate to each unit of Syndicate Share.

"Syndicate Investor" means a person who participates in a TAB National Syndicate.

"Syndicate Payout" means the amount that will be paid on a Syndicate Voucher.

"Syndicate Share" means the unit invested by a Syndicate Investor in the TAB National Syndicate.

"Syndicate Voucher" is the receipt issued when a TAB National Syndicate Share is purchased and could be a physical ticket or a purchase registered against a Betting Account.

"TAB National Syndicate" has the meaning set out in Rule 3.1.

10.11.2 Period of time when TAB National Syndicate is operating

(a) The TAB National Syndicate will be available for the purchase of Syndicate Vouchers before the Race Meetings for a period of time as determined by the Board.

Gazette.govt.nz — NZ Gazette 2009, No 68

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✨ LLM interpretation of page content

🏭 Amendments to the Betting Rules (continued from previous page)

Domain🏭 Trade, Customs & Industry
Dated14 May 2009
KeywordsRacing, Betting Rules, Racing Act 2003, Amendments

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