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Racing Industry Act 2020

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

20: No pecuniary interest in club property

You could also call this:

“Members can't make money from racing club property”

If you are a member of a racing club, you cannot make money from the club’s property just because you are a member. This means you are not allowed to use your position as a member to gain any financial benefit from the things the racing club owns. The rule is in place to make sure that members don’t try to profit personally from being part of the club.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS292055.

Topics:
Money and consumer rights > Gambling Business > Industry rules
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"Racing groups must share money from TAB NZ with their racing clubs"

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21: Restriction on dealing with racing venue, or

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Part 2 Racing
Racing New Zealand, racing codes, and racing clubs: Racing clubs

20No pecuniary interest in club property

  1. A member of a racing club must not have any pecuniary interest, in their capacity as a member, in the property of the club.

Compare
  • 1971 No 155 s 34(1)
  • 2003 No 3 s 26