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New Zealand law explained for everyone

Racing Industry Act 2020

Racing - Racing New Zealand, racing codes, and racing clubs - Racing codes

19: Racing codes must distribute funds received from TAB NZ to racing clubs

You could also call this:

“Racing groups must share money from TAB NZ with their racing clubs”

You need to know about how racing codes handle money they get from TAB NZ. Racing codes are groups that oversee different types of racing, like horse racing or greyhound racing.

When TAB NZ gives money to a racing code, that code has to share it with the racing clubs that are part of their group. This is stated in section 72 of the law.

The racing code gets to decide how much of the money they received will be shared among their racing clubs. They also get to choose how to divide up that money between the different clubs.

This means that the racing codes have control over how the money from TAB NZ is distributed to the various racing clubs that belong to them.

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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=LMS292049.

Topics:
Money and consumer rights > Gambling Business > Industry rules
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Part 2 Racing
Racing New Zealand, racing codes, and racing clubs: Racing codes

19Racing codes must distribute funds received from TAB NZ to racing clubs

  1. Each racing code is responsible for distributing among the racing clubs registered with the code the amounts received by it from TAB NZ under section 72.

  2. Each racing code must decide how much of any amount referred to in subsection (1) must be distributed among the racing clubs registered with it and the apportionment of that amount among those clubs.

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