Plain language law

New Zealand law explained for everyone

Gambling Act 2003

Gambling - Licensed promoters of class 3 gambling - Bond

198: Compensation claims

You could also call this:

"Getting paid back if something goes wrong with a gambling activity"

Illustration for Gambling Act 2003

If you are owed money because of a problem with a class 3 gambling activity, the administrator can use the bond to pay you. The administrator can do this if the licensed promoter did something wrong, or did not do something they should have, as set out in section 196(1). The administrator will use the bond to compensate you or the society that runs the gambling activity.

If the administrator decides to use the bond to pay people, they must tell everyone about it by publishing a notice in a newspaper twice, with the notices at least 14 days apart. You will be invited to lodge a claim with the administrator when you see the notice.

You have six months from the date the first notice is published to lodge your claim with the administrator if you want to be paid from the bond.

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This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM209381.

Topics:
Money and consumer rights > GamblingCrime and justice > Criminal law
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197: Secretary may appoint administrator, or

"The Government can appoint someone to manage special payments and claims."

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199: Consideration and payment of claims, or

"How claims are checked and paid out under the Gambling Act 2003"

Part 2Gambling
Licensed promoters of class 3 gambling: Bond

198Compensation claims

  1. The administrator may apply the bond received from an approved surety to compensate a society or participants in the class 3 gambling activity who have suffered loss or damage in the circumstances set out in section 196(1) as a result of the acts or omissions of the licensed promoter.

  2. If subsection (1) applies, the administrator must publish a notice twice, at intervals of not more than 14 days in a newspaper or newspapers that the administrator considers sufficient, inviting people to lodge claims with the administrator.

  3. A person who wishes to lodge a claim must do so within 6 months of the first date on which the notice is published.

Compare
  • 1977 No 84 s 41(4), (6)