✨ Racing Rules Amendments
18 JULY 2014 NEW ZEALAND GAZETTE, No. 76 2155
(B) the Rider and other persons, where the Rider has at least a 25% any interest in the horse, as Owner (where there is no lessee) or lessee (as the case may be); or
(C) a Legal Ownership Entity and the Rider is the beneficial owner of at least 25% of the shares or other ownership rights or interests or other legal or has a beneficial interest in that Legal Ownership Entity. Provided that a Rider may apply to NZTR for an exemption from the operation of this Rule so as to permit him to acquire or retain shares in a Legal Ownership Entity which is listed on a recognised stock exchange in New Zealand or in the jurisdiction of Another Racing Authority and in any such case NZTR may, if it thinks fit, grant that exemption or such terms and conditions as it thinks fit in its absolute discretion; or
(ii) the horse is the subject of a lease and the Rider is the only or one of the Owners (being the lessor) of that horse (for the avoidance of doubt, where the horse is the subject of a lease and the Rider is the only or one of the lessees of that horse then sub-Rule 333(1)(b)(i) applies; and), provided that
(iii) the Rider declares such Ownership interest to NZTR within seven days of acquiring the interest so that the fact that such Rider has an Ownership interest shall be included in the race book for any Race for which the applicable horse is entered.
(2) (a) A Rider shall not, in any Race in which a horse or horses owned or leased by that Rider, or by that Rider and other persons, or by any Legal Ownership Entity in which the Rider has a beneficial interest in accordance with Rule 333(1)(b) (the Rider’s Horse), is a starter, ride any horse other than one of the Rider’s Horses.
(b) Notwithstanding sub-Rule (2)(a) above, a Rider shall not ride any horse in a Race in which more than one horse owned or leased by that Rider, or by that Rider and other persons, or by any Legal Ownership Entity in which the Rider has a beneficial interest in accordance with Rule 333(1)(b) is a starter.
- Rule 406: Registration of Horses
This proposed amendment to Rule 406, which requires a Racing Manager be appointed at the time a horse is registered, corrects the current exclusion of the need for a Racing Manager if a horse is owned by only one person. The recent introduction of the Credit Checking Policy requires every horse to have a Racing Manager, regardless of whether a horse is owned by one or more persons.
406 (a)
...
(iv) nominate a Racing Manager for the horse if it is owned by a Legal Ownership Entity or by two one or more persons (including, for the avoidance of doubt, natural persons and Legal Ownership Entities); and
(d)
...
(iii) the nominated Racing Manager (if one is required under these Rules).
Next Page →
NZ Gazette 2014, No 76
✨ LLM interpretation of page content
🏭
Amendments to Rules of Racing under Racing Act 2003
(continued from previous page)
🏭 Trade, Customs & IndustryThoroughbred Racing, Rules Amendment, Racing Act 2003, Horse Ownership, Lease Agreements