✨ Amendments to Racing Rules
NEW ZEALAND GAZETTE, No. 4 — 20 JANUARY 2016
GOVERNMENT NOTICES
General Section
Amendments to the New Zealand Rules of Racing
Pursuant to sections 29 and 34 of the Racing Act 2003, New Zealand Thoroughbred Racing Incorporated (NZTR) has made the following changes to the Rules of Racing which came into effect on 1 January 2016.
Industry consultation has taken place on these amendments and NZTR’s Board of Directors has sought the views of the Financial Markets Authority, the Judicial Control Authority and the New Zealand Racing Board Dates Committee.
The Financial Markets Authority, the Judicial Control Authority and the New Zealand Racing Board Dates Committee have approved these amendments.
These amendments to the Rules of Racing are as follows:
1. Rule 422 (Leasing)
This is a minor amendment to Rule 422 (Leasing) under clause 21.4 of the Constitution (Correction of Errors) to achieve consistency with Rule 406 (Registration of Horses), which was amended in 2014, as follows:
422 (1) If a lease is entered into in respect of a registered horse, the Owner(s) and lessee(s) must apply, on the prescribed form, to NZTR for registration of the lease. The application form must:
...
(d) nominate a Racing Manager for the horse; and
2. Rule 426
The purpose of the addition of a new paragraph (3) to Rule 426 is to make it clear that a horse must have a Racing Manager appointed before it can be entered in and start in a Race or trial.
RACING MANAGER
…
426 (3) A horse may only be entered for, and start in, a Race or trial if the horse has a Racing Manager nominated that has been notified to, and approved by, NZTR in accordance with these Rules at the time that the horse is entered for, and starts in, the Race or trial.
3. Second Appendix to the Bloodstock Syndication Code of Practice
SECOND APPENDIX
BLOODSTOCK SYNDICATION
CODE OF PRACTICE
(made by the Board pursuant to Rule 432 of the New Zealand Rules of Racing)
1 DEFINITIONS AND INTERPRETATION
1.1 In this Code of Practice the following words and expressions shall have the following meanings:
\"Advertisement\" means any form of communication made to the public or a section of the public for the purpose of promoting an Offer or intended Offer of Shares.
\"Applicant\" means a person who applies for a Share.
\"Associated Person\" has the meaning set out in section 12 of the Financial Markets Conduct Act 2013.
\"Authorised Syndicator Status\" means that a person has been authorised under this Code of Practice to offer Shares to the public or that a Bloodstock Company has been authorised under this Code of Practice
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NZ Gazette 2016, No 4
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🏭 Amendments to the New Zealand Rules of Racing
🏭 Trade, Customs & IndustryRacing, Rules, Amendments, Leasing, Syndication
- New Zealand Thoroughbred Racing Incorporated (NZTR)