Plain language law

New Zealand law explained for everyone

Racing Industry Act 2020

Racing - Transfer of assets and surplus venues

23: Interpretation

You could also call this:

“This part explains important words used in the racing law”

In this part of the law about racing, there are some important words you need to understand.

A “surplus racing venue” or “surplus venue” is a racing place that a racing club owns fully. The racing code that the club is part of decides if it’s a surplus venue. But if the land is a reserve under the Reserves Act 1977, or if there are buildings on reserve land under that Act, it’s not counted as a surplus venue.

The word “transfer” means a few different things in this law. It can mean to give something to someone else or to change who owns a piece of land. It can also mean to give someone rights over things or money. Lastly, it can mean to change ownership through a special government order called an Order in Council.

These definitions help you understand what these words mean when you see them in this part of the law about racing.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS292066.

Topics:
Money and consumer rights > Gambling Business > Industry rules
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Part 2 Racing
Transfer of assets and surplus venues

23Interpretation

  1. In this subpart, unless the context otherwise requires,—

    surplus racing venue or surplus venue—

    1. means a racing venue owned in fee simple by a racing club determined by the racing code with which the club is registered to be a surplus venue; but
      1. does not include any land that is a reserve under the Reserves Act 1977 or any buildings on reserve land under that Act

        transfer includes—

        1. to assign and convey; and
          1. to confer estates in fee simple of land held by a racing club; and
            1. to grant rights in respect of any assets or liabilities; and
              1. to vest by Order in Council under section 27.