NEW ZEALAND GAZETTE, No. 77 — 23 JULY 2015

to a Declaration of less than three placings, 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, less any Guaranteed Pool Shortfall (which will be returned to the Code Prize Reserve Pool), will be carried forward and added to the Subsequent Trifecta Dividend Pool.

(c) If no unit of betting has selected the First Three Placings in the correct order in a Trifecta Race, the Dividend Pool, less any Guaranteed Pool Shortfall (which will be returned to the Code Prize Reserve Pool), will be carried forward and added to the Subsequent Trifecta Dividend Pool.

(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 permutation is Any/Any/Any, then the dividend may be less than the dividend unit.

11.8.5 [DELETE] – Dead Heats

If a dead heat or dead heats occur in a Trifecta Race:

(a) Units of betting entitled to a Dividend will be those which correctly selected all places from first to third not affected by the dead heat or dead heats and which also selected the Entrants involved in each dead heat in the placings affected by that dead heat. For example, if a dead heat occurs for second place, units of betting entitled to a Dividend will be those which selected first and which also selected the Entrants involved in the dead heat in second and third places in either order; and

(b) The Dividends will be calculated by firstly dividing the Dividend Pool into a number of parts corresponding to the number of combinations that would entitle a unit of betting specifying one of those combinations to a Dividend under Rule 11.8.5(a) and secondly, dividing each part of the Dividend Pool by the number of actual bets which specified the respective combination.

(c) Each unbacked combination that would entitle a unit of betting specifying one of those combinations to a Dividend under Rule 11.8.5(a) will be carried forward to and added to the Trifecta Dividend Pool of the Succeeding Trifecta Race as determined by Board policy.

11.8.5 [INSERT] – Dead Heats

If a dead heat or dead heats occurs in the First Three Places in a Trifecta Race:

(a) The number of unique permutations of Race Entrants filling or sharing First, Second and Third Places (the Winning Permutations) will be greater than one, eg if there is a dead heat for First Place there will be two Winning Permutations; the two Race Entrants involved in the dead heat finishing First and Second, in either order, together with the Race Entrant placed Third. Each Winning Permutation is entitled to a Dividend.

(b) To calculate the Dividend attributable to each Winning Permutation, the Dividend Pool will be divided into the number of equal parts corresponding to the number of Winning Permutations determined by 11.8.5(a). Each part Dividend Pool may contain a pro rata part of any Guaranteed Pool Shortfall and each Winning Permutation together with their corresponding part Dividend Pool and part Guaranteed Pool Shortfall shall be respectively treated as the First Three Placings, Dividend Pool and Guaranteed Pool Shortfall for the purposes of calculating Dividends in accordance with Rule 11.8.4.

11.8.7 [DELETE] – Abandonments

Where a Race is abandoned all units of Trifecta betting on that Race will be refunded.

Any amount brought forward from any previous Trifecta Race shall be carried forward to the Trifecta Pool on the Succeeding Trifecta Race.

11.8.7 [INSERT] – Abandonments

Where a Race is abandoned all units of Trifecta betting on that Race will be refunded. Refunds will not include any Bonus Supplement or Guaranteed Pool Shortfall.

Any Guaranteed Pool Shortfall shall be returned to the Code Prize Reserve Pool.

Any Bonus Supplement or amount brought forward from any previous Trifecta Dividend Pool shall be carried forward to the Subsequent Trifecta Dividend Pool.

11.8.9 [DELETE] – Declaration of Less than Three Placings

(a) If only two placings are declared:

(i) Any amount brought forward to that Trifecta Pool is transferred to the Trifecta Pool on the