22 AUGUST 2013 NEW ZEALAND GAZETTE, No. 113 3071

(e) “Betting Account” means an account established by the Board for the purpose of placing bets.

(f) “Betting Voucher” means a voucher (including gift vouchers) purchased by an Investor that can be used to place Investments with the Board or can be exchanged for cash.

(g) “Board” means the New Zealand Racing Board as established under the Act.

(h) “Code” means each of New Zealand Thoroughbred Racing Incorporated, Harness Racing New Zealand Incorporated, and the New Zealand Greyhound Racing Association Incorporated.

(i) “Controlling Body” means the body or authority controlling the conduct of the Event upon which a Totalisator is operating.

(j) “Dividends” means an amount payable from the relevant Totalisator Pool to each winning unit of betting.

(k) “Dividend Unit” means the unit of Investment upon which Dividends are declared for each totalisator bet type.

(l) “Easybet” means a bet on a nominated pool of a Race or Authorised Event where some or all of the selections are made by the Board’s computer.

(m) “Entrant” means a Race Entrant in a Race or competitor in an Authorised Event to which a number is allocated.

(n) “Identification” means such documentary evidence containing a photograph and specimen signature as the Board deems acceptable from time to time.

(o) “Investment” means a bet placed on a Race or Authorised Event.

(p) “Investor” means a person who invests money on a Race or Authorised Event.

(q) “Joker” is a selection made by the Board’s computer.

(r) “Late Scratching” in the case of:

(i) New Zealand racing means a Scratching made after 9.00am on the day of the Race Meeting; and

(ii) Overseas racing means a Scratching made after the official Scratching time of the Race Meeting as determined by the controlling body in the relevant jurisdiction.

(s) “Odds” means the ratio of Return to Investment for a Fixed Odds bet.

(t) “Official Result” in the case of:

(i) an Authorised Event is a ruling in respect of the result made by the official controlling body of a particular sport as immediately declared after the event. Subsequent protests, appeals or disqualifications will not be recognised or considered for betting purposes. Bets will be Settled on the Official Result unless stated otherwise; and

(ii) a Race Meeting is the determination, made in accordance with the Rules of Racing, of the official placings of Race Entrants in a Race.

(u) “Payout” means the amount that will be paid on a winning bet and includes any refunds due on that bet.

(v) “Race” means a galloping Race, a harness Race or greyhound Race as the case may require.

(w) “Race Meeting” means a meeting held on a day for the purpose of conducting Races upon which Investments are accepted by the Board.

(x) “Refunds” means an Investment returned to an Investor.

(y) “Returns” means a sum of money that is paid out on a Fixed Odds Winning Selection and is subject to Rules and the product of Odds times Investment.

(z) “Rules” means these Rules for the Administration and Conduct of Betting, the Totalisator and the conduct and operation of Sports Betting.

(aa) “Rules of Racing” means the New Zealand Rules of Racing, the New Zealand Rules of Harness Racing and the Greyhound Racing Rules.

(bb) “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.

(cc) “Starter” means a Race Entrant remaining in a Race at 9.00am on the day of the Race Meeting or, where the Race Meeting is scheduled to start before 10.00am, one hour prior to the advertised starting time of the first Race of that Race Meeting. In the case of Races outside New Zealand, Starters shall be similarly determined, but two hours before the scheduled start time of the first Race of the Race Meeting, where the Race Meeting is determined by the Board.

(dd) “TAB” means the trading brand of the New Zealand Racing Board.

(ee) “TAB National Syndicate” is a syndicate run by the Board where Syndicate Investors pool their money, the total of which is then invested by a person nominated by the Board, on Races at one or more Race Meetings selected by the Board.

(ff) “Termination” means the distribution of a particular pool even though no ticket has correctly chosen the winning Entrant or winning option.

(gg) “Textbet” is the means of betting by mobile phone text messaging.

(hh) “Ticket Value” means the amount of money paid for a ticket and may consist of one or more bets placed.

(ii) “Totalisator Agency” means a totalisator agency operated by the Board, and includes any premises on which totalisator betting may be received by the Board.

(jj) “Tote Manipulation” means the process of deliberately manipulating the totalisator by placing bets that are subsequently cancelled. This process has the effect of depressing the dividend on a selection when the bets are placed and then raising that dividend when the bets are cancelled.

(kk) “Touch Tone” is the means of betting using a Betting Account through an automated telephone betting system.

(ll) “Winning Selection” means the contingency or contingencies deemed to win, or place, if appropriate.