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Racing Industry Act 2020

TAB New Zealand - Distribution of TAB NZ surpluses and betting profits

72: Distribution to codes

You could also call this:

“TAB NZ gives agreed-upon money to racing groups each year”

TAB NZ has to pay money to the racing codes. They need to do this during or soon after the end of a racing year. The amount they pay is what was agreed on earlier. This agreement is mentioned in another part of the law, called section 71(1) or (2)(b).

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS292124.

Topics:
Money and consumer rights > Gambling Business > Industry rules
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71: Amounts of distribution to codes, or

"How TAB NZ shares money with racing codes each year"

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73: Regulations relating to distribution from betting profits, or

"Rules for sharing out money from betting"

Part 3 TAB New Zealand
Distribution of TAB NZ surpluses and betting profits

72Distribution to codes

  1. TAB NZ must, during or as soon as practicable after the end of a racing year, pay to the racing codes the amount agreed under section 71(1) or (2)(b).

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