Plain language law

New Zealand law explained for everyone

Racing Industry Act 2020

Betting and TAB venues - Betting - Racing betting

76: Racing betting rules

You could also call this:

“Rules for how TAB NZ manages betting on races”

TAB NZ can create, change, and remove rules about racing betting. These rules cover how betting systems work and how TAB NZ runs racing betting.

The rules can say what kinds of bets you can make. They can also explain when TAB NZ might give your money back for a bet, or when they might keep it. The rules can say when TAB NZ can place bets on other betting systems to protect themselves. They can also say when TAB NZ can cancel a bet.

The rules must include certain amounts of money, which are mentioned in another part of the law.

TAB NZ can make a rule that lets people place bets up to 20 seconds after a race starts.

Before making new rules or changing old ones, TAB NZ usually has to talk to each racing code and the Racing Integrity Board. But if they all agree, TAB NZ doesn’t have to do this.

These rules are a type of law called secondary legislation. This means they have to follow certain rules about how they’re published.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

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=LMS292135.

Topics:
Money and consumer rights > Gambling Business > Industry rules
Previous

75: Racing clubs may conduct equalisator betting, or

"Racing clubs can run a special type of betting if they follow the rules"

Next

77: Application of revenue from racing betting, or

"How TAB NZ spends the money it gets from horse racing bets"

Part 4 Betting and TAB venues
Betting: Racing betting

76Racing betting rules

  1. TAB NZ may make, amend, and revoke rules providing for the establishment of a system (or systems) of racing betting, and providing for any matter relating to the conduct and operation of racing betting by TAB NZ.

  2. Without limiting subsection (1), the rules—

  3. may state the kinds of betting that may be undertaken; and
    1. may state the circumstances in which—
      1. a bet may be refunded, and when it may be retained by TAB NZ; or
        1. any fixed-odds bets may be laid off on other betting systems by TAB NZ for the purpose of limiting TAB NZ’s exposure on any particular race or races; or
          1. TAB NZ may cancel any bet; and
          2. must state the amounts described in section 84(1).

            1. Rules made by TAB NZ under this section may provide that, if there is racing betting on a race, bets may be placed up to 20 seconds after the race starts.

            2. TAB NZ must consult each racing code and the Racing Integrity Board before making, amending, or revoking rules under this section.

            3. However, subsection (4) does not apply if TAB NZ and a racing code or the Racing Integrity Board (as the case may be) agree otherwise in any particular case.

            4. Rules under this section are secondary legislation (see Part 3 of the Legislation Act 2019 for publication requirements).

            Compare
            Notes
            • Section 76(1): amended, on , by section 3 of the Secondary Legislation Act 2021 (2021 No 7).
            • Section 76(6): inserted, on , by section 3 of the Secondary Legislation Act 2021 (2021 No 7).