Plain language law

New Zealand law explained for everyone

Racing Industry Act 2020

TAB New Zealand

54: TAB New Zealand established

You could also call this:

“The law creates a new racing organisation called TAB New Zealand”

TAB New Zealand, also called TAB NZ, is a new organisation created by the law. It’s a separate legal entity, which means it’s not part of the government and it’s different from the people who work for it or run it.

TAB NZ can do many things both in New Zealand and in other countries. It can run businesses, do activities, make deals, and use its rights and powers. However, it must follow the rules set out in this law and other New Zealand laws.

If TAB NZ wants to team up with another organisation, it needs to get permission from the government minister in charge. The minister will think about the goals of this law and what TAB NZ is meant to do before deciding whether to say yes.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS292103.

Topics:
Money and consumer rights > Gambling Business > Industry rules
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Part 3 TAB New Zealand

54TAB New Zealand established

  1. This section establishes TAB New Zealand (TAB NZ).

  2. TAB NZ—

  3. is a body corporate; and
    1. is a legal entity separate from its members, office holders, and employees, and the Crown.

      1. TAB NZ has, both within and outside New Zealand,—

      2. full capacity to carry on or undertake any business or activity, do any act, or enter into any transaction; and
        1. subject to this section, full rights, powers, and privileges.

          1. TAB NZ must not enter into a partnering arrangement without written approval of the Minister.

          2. In deciding whether to grant approval under subsection (4), the Minister must take into account—

          3. the purposes of this Act; and
            1. the objectives and functions of TAB NZ.

              1. Subsection (3) applies subject to this Act, any other enactment, and the general law of New Zealand.