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Racing Industry Act 2020

Offshore betting charges and other matters - Offshore betting charges - Consumption charges

114: Minister must set rates of consumption charges

You could also call this:

“Minister decides how much offshore betting companies pay in charges”

You need to know about how the Minister sets charges for offshore betting operators. These charges are called consumption charges.

The Minister decides how much these operators have to pay. The amount is based on a percentage of the money they make from betting. The Minister can use specific numbers or ways to calculate the charges.

Every five years, the Minister must look at these charges again. If needed, the Minister can change them.

Before setting or changing the charges, the Minister must talk to different groups. These include the offshore betting operators who have to pay, TAB NZ, racing codes, Sport and Recreation New Zealand, and some national sports organisations.

When the Minister sets these charges, it becomes a type of law called secondary legislation.

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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=LMS292209.

Topics:
Money and consumer rights > Gambling Business > Industry rules
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Part 5 Offshore betting charges and other matters
Offshore betting charges: Consumption charges

114Minister must set rates of consumption charges

  1. The Minister must set the rates of the consumption charges that offshore betting operators must pay—

  2. based on the prescribed percentage of the operator’s gross betting revenue; and
    1. in the prescribed manner.

      1. The Minister may set the rates by way of specified figures or methods of calculation.

      2. The Minister—

      3. must, at least once every 5 years, review the rates of consumption charges set under subsection (1); and
        1. may, if necessary, adjust those rates.

          1. Before setting or adjusting rates under this section, the Minister must consult the following:

          2. offshore betting operators liable to pay the charges:
            1. TAB NZ:
              1. each racing code:
                1. Sport and Recreation New Zealand:
                  1. relevant New Zealand national sporting organisations (as applicable).

                    1. An instrument setting rates under this section is secondary legislation (see Part 3 of the Legislation Act 2019 for publication requirements).

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                    Notes
                    • Section 114(5): inserted, on , by section 3 of the Secondary Legislation Act 2021 (2021 No 7).