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Racing Industry Act 2020

Offshore betting charges and other matters - Offshore betting charges - General provisions

118: Application of money received from consumption charges and penalties

You could also call this:

“How money from betting charges and fines is used to help racing and reduce gambling problems”

The designated authority must use the money it gets from consumption charges for a few different things. These include paying for the costs of running the consumption charges scheme, helping to prevent and reduce harm from gambling, protecting the fairness of racing and sports betting, and supporting the future of New Zealand racing and sport.

When the designated authority gets money from penalties, it must use this to pay for running the schemes for betting information use charges and consumption charges.

The designated authority has to give out the money from consumption charges to one or more people. The people who get this money and how much they get is decided by rules set out in regulations.

The designated authority can make one payment to cover two or more of the purposes mentioned earlier, like preventing gambling harm and supporting New Zealand racing and sport.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS292215.

Topics:
Money and consumer rights > Gambling Business > Industry rules
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117: Certain offshore betting operators not liable for consumption charges, or

"Some overseas betting companies don't have to pay extra fees if they don't make much money from New Zealand bets"

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119: Maximum amount of penalties, or

"The most money you can be fined for breaking racing betting rules"

Part 5 Offshore betting charges and other matters
Offshore betting charges: General provisions

118Application of money received from consumption charges and penalties

  1. The designated authority must apply the money received from—

  2. consumption charges under section 113 towards the following purposes:
    1. paying the cost of administering the scheme for consumption charges:
      1. funding measures to prevent and minimise harm from gambling:
        1. identifying and addressing risks to the integrity of racing betting and sports betting:
          1. promoting the long-term viability of New Zealand racing and sport:
          2. penalties under section 112 or 116 towards paying the costs of administering the schemes for betting information use charges and consumption charges.

            1. The designated authority must distribute the money received from consumption charges to any 1 or more of the persons specified in, and in the amount determined in accordance with, regulations made under section 123.

            2. To avoid doubt, the designated authority may make a single payment to a person that relates to any 2 or more of the purposes specified in subsection (1)(a)(ii) to (iv).

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