Plain language law

New Zealand law explained for everyone

Racing Industry Act 2020

TAB New Zealand

63: TAB NZ must prepare business plan

You could also call this:

“TAB NZ makes a yearly plan and talks to racing groups about it”

You need to know about a rule for TAB NZ, which is a group that deals with racing in New Zealand. Every year, before the racing year starts, TAB NZ has to make a plan for their business. They have to talk to each racing code about this plan. A racing code is like a type of racing, such as horse racing or dog racing.

TAB NZ only needs to talk to a racing code if they don’t already have an agreement about how to discuss the plan. When TAB NZ talks to the racing codes, they have to do a few things. They need to give each racing code a copy of the plan they want to use. They also need to give the racing codes at least 15 working days to say what they think about the plan. If anyone disagrees about something in the plan, TAB NZ has to meet with them to talk about it.

After they’ve made the plan, TAB NZ has to put it on their website so anyone can see it.

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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=LMS292111.

Topics:
Money and consumer rights > Gambling Business > Industry rules
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62: TAB NZ must prepare statement of intent, or

"TAB NZ writes a yearly plan about its goals and shares it with important people"

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64: Annual report, or

"TAB NZ must write a yearly report about their activities and share it with important people"

Part 3 TAB New Zealand

63TAB NZ must prepare business plan

  1. Before the start of a racing year, TAB NZ must prepare a business plan relating to that racing year.

  2. TAB NZ must consult each racing code in respect of its business plan.

  3. However, subsection (2) applies in respect of a racing code only if there is no provision in any commercial agreement between TAB NZ and that racing code or all racing codes providing for consultation by TAB NZ with that racing code or all racing codes on the development of the business plan.

  4. In carrying out consultation required under subsection (2) or by the commercial agreement referred to in subsection (3), TAB NZ must—

  5. give each racing code a copy of the proposed business plan; and
    1. provide each code with a reasonable period (not less than 15 working days) in which to provide comments to TAB NZ; and
      1. meet with each code (or all the codes) to discuss any matters of disagreement.

        1. TAB NZ must publish a copy of its business plan on an Internet site maintained by or on behalf of TAB NZ.

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