NEW ZEALAND GAZETTE, No. 77 — 23 JULY 2015

NEIL CHERRY, Chair, New Zealand Auditing and Assurance Standards Board.

2015-gs4289

Betting Rules Amendment Notice (No. 1) 2015

Pursuant to section 52 of the Racing Act 2003, the New Zealand Racing Board hereby gives notice of the following amendments to the Betting Rules published as a Supplement to the New Zealand Gazette, 25 August 2003, No. 113, page 2981.

10.1 Interpretation

[INSERT] – “Bonus Supplement” means a specified amount added to a Dividend Pool by the Board using funds from the Code Prize Reserve Pool. Bonus Supplements will be in addition to any amounts placed as bets (less Refunds and statutory deductions) on the relevant Dividend Pool.

[INSERT] – “Code Prize Reserve Pool” means an account where funds from a Dividend Pool may be transferred to, from time to time, in accordance with these Rules. This Account may be used by the Board (at selected times and at the Board’s sole discretion) to fund Bonus Supplements and Guaranteed Pools on a Race or Races at a Meeting selected by the Board, provided that Meeting is of the same racing code (Thoroughbred, Harness or Greyhound) as the originating Dividend Pools.

[INSERT] – “Guaranteed Pool” means a Dividend Pool where the Board commits to underwrite a Dividend Pool to be a specified minimum amount when betting closes on that Dividend Pool. Funds (the Guaranteed Pool Shortfall) may be transferred from the Code Prize Reserve Pool in order to bring that Dividend Pool up to the specified minimum amount.

[INSERT] – “Guaranteed Pool Shortfall” means an amount (if any) that the Board must contribute to a Guaranteed Pool to satisfy the difference between the amount placed as bets (less Refunds and statutory deductions) on the relevant Guaranteed Pool and the specified minimum amount that the Board had committed to underwrite.

11.8 Trifecta Betting

11.8.1 Interpretation

[DELETE] – “Succeeding Trifecta Race” means in relation to a Trifecta Race (“Initial Trifecta Race”):

(a) The next Trifecta Race (if any) conducted at the same Meeting as the Initial Trifecta Race;

or if there is none

(b) A Betting Pool on a Race at a Meeting selected by the Board, provided that Meeting is of the same racing code, Thoroughbred, Harness or Greyhound, as the Initial Trifecta Race.

[INSERT] – “Subsequent Trifecta Dividend Pool”

(a) means the next Trifecta Dividend Pool (if any) conducted on a Race at the same Meeting

or if there is none

(b) means the Code Prize Reserve Pool.

11.8.4 [DELETE] – Dividend Pool

Subject to Rule 11.8.5 relating to Dead Heats, the Dividend Pool shall be distributed as follows:

(a) The Dividend Pool shall be distributed equally amongst those units of betting that have selected the First Three Placings in the correct order in the Trifecta Race, provided that the sum of those winning units of betting is equal to or greater than the Dividend Unit.

(b) Where the sum of winning units of betting is less than the Dividend Unit, the Dividend Pool will be declared as the Dividend and winning units of betting will receive their proportional share of the Dividend Pool. The balance of the Dividend Pool will be carried forward and added to the Dividend Pool of the Succeeding Trifecta Race as determined by Board Policy.

(c) If no unit of betting has selected the First Three Placings in the correct order in a Trifecta Race, the Dividend Pool shall be carried forward and added to the Dividend Pool of the Succeeding Trifecta Race as determined by Board policy.

(d) In circumstances where a Dividend Pool is terminating and there are no Winners, ie countback provisions have been exhausted and the Dividend Pool is distributed amongst all units of betting, eg the winning Entrant is Any/Any/Any, then the dividend may be less than the dividend unit.

11.8.4 [INSERT] – Dividend Pool

Subject to Rule 11.8.5 relating to Dead Heats, Rule 11.8.8 relating to Termination and Rule 11.8.9 relating

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