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New Zealand law explained for everyone

Racing Industry Act 2020

Betting and TAB venues - Betting - Sports betting

78: Sports betting rules

You could also call this:

“Rules for betting on sports”

TAB NZ can create, change, or remove rules about sports betting. These rules can cover how sports betting works and how TAB NZ runs it.

The rules can say what kinds of bets you can make. They can also say when TAB NZ might give your money back for a bet, or when they might keep it. The rules can let TAB NZ place bets with other betting systems to protect themselves. They can also say when TAB NZ can cancel a bet. The rules must say how much money is involved in certain situations.

Before TAB NZ makes new rules or changes old ones, they usually need to talk to Sport and Recreation New Zealand first. But if both groups agree, they don’t always 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.

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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=LMS292138.

Topics:
Money and consumer rights > Gambling Business > Industry rules
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Part 4 Betting and TAB venues
Betting: Sports betting

78Sports betting rules

  1. TAB NZ may make, amend, and revoke rules providing for the establishment of a system (or systems) of sports betting, and providing for any matter relating to the conduct and operation of sports 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 event or events; or
          1. TAB NZ may cancel any bet; and
          2. must state the amounts described in section 84(2).

            1. TAB NZ must consult Sport and Recreation New Zealand before making, amending, or revoking any rules under subsection (1).

            2. However, subsection (3) does not apply if TAB NZ and Sport and Recreation New Zealand agree otherwise in any particular case.

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

            Compare
            Notes
            • Section 78(1): amended, on , by section 3 of the Secondary Legislation Act 2021 (2021 No 7).
            • Section 78(5): inserted, on , by section 3 of the Secondary Legislation Act 2021 (2021 No 7).