✨ Betting Rules Amendments
1532 NEW ZEALAND GAZETTE, No. 68 15 MAY 2009
(e) The Board will neither investigate nor accept any liability in respect of claims alleging that Syndicate Vouchers have been purchased incorrectly where such Syndicate Vouchers have been placed by means of Touch Tone or other automated telephone system used by the Board.
(f) Where an error by an operator employed by the Board results in the purchase of an incorrect Syndicate Voucher, the Syndicate Voucher will be deemed to be that which is recorded on the Board’s computer, notwithstanding the error. The Board will not be liable for any claim that is inconsistent with the computer record of the Syndicate Voucher in question. The Board may, however, at its complete discretion:
(i) Refund the Syndicate Voucher to the Account Holder; or
(ii) Credit the account up to the amount of the Syndicate Dividend, or Refund which would have been payable if the Syndicate Voucher had been placed correctly.
10.11.11 Operation of TAB National Syndicate
(a) After the TAB National Syndicate is closed for the purchase of Syndicate Vouchers, the Initial Syndicate Pool will be transferred to a Syndicate Account.
(b) Investments on the Race Meetings will be placed using the Syndicate Account by an authorised representative of the Board as determined by the Board from time to time.
(c) The Board will endeavour to inform Syndicate Investors through various means, as determined by the Board from time to time, the Investments made on the Race Meetings and the running balance of the TAB National Syndicate.
(d) The authorised representative of the Board who places the Investments has sole discretion for the Investments made on the Race Meetings on behalf of the TAB National Syndicate regardless of the amount of money in the Syndicate Account. However, such Investment will not exceed the balance of the Syndicate Account.
(e) Dividends earned from the Investments on the Race Meetings will be credited to the Syndicate Account.
(f) No funds other than Dividends from winning bets shall be added or introduced into the Syndicate Account once the Initial Syndicate Pool has been transferred.
(g) Investments can only be placed on the Race Meetings nominated by the Board as advised to Syndicate Investors.
(h) Any Initial Syndicate Pool money that is not Invested on the Race Meetings will be included in the Final Syndicate Pool for the purposes of Syndicate Dividend calculation.
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NZ Gazette 2009, No 68
✨ LLM interpretation of page content
🏭
Amendments to the Betting Rules
(continued from previous page)
🏭 Trade, Customs & Industry14 May 2009
Racing, Betting Rules, Syndicate Vouchers, Syndicate Investors, Betting Account, TAB National Syndicate