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Racing Industry Act 2020

Offshore betting charges and other matters - Offshore betting charges - Regulations

123: Regulations for offshore betting

You could also call this:

“Rules for betting businesses outside New Zealand”

The Governor-General can make rules about offshore betting. These rules can cover many things:

You might need to give certain information to the authorities if you run an offshore betting business. The rules can say what information you need to give, how to give it, and when.

The rules can also set how much money offshore betting businesses need to pay as charges. They can say what financial information these businesses need to provide.

If offshore betting businesses don’t follow the rules, they might have to pay penalties. The rules can change how these penalties are calculated.

The rules can say how penalty notices should look and how they should be given out.

The money collected from offshore betting charges can be given to certain people. The rules can say who gets this money and how much they get.

The rules can also cover other things like fees that need to be paid, or any other matters related to offshore betting.

These rules can be different for different types of offshore betting businesses. They’re still valid even if they let someone make decisions about certain things.

Before making these rules, the Minister needs to talk to TAB NZ, racing codes, and the Minister for Sport and Recreation.

These rules are called secondary legislation, which means they have to be published in a certain way.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS292223.

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

123Regulations for offshore betting

  1. The Governor-General may, by Order in Council made on the recommendation of the Minister, make regulations for all or any of the following purposes:

    Betting information use charges

  2. prescribing information that an offshore betting operator must provide under section 111(b), (c), (d), or (e), the manner in which that information is to be provided (including how the information must be presented, calculated, or prepared), and when the information must be provided:

      1. Consumption charges

    1. prescribing, for the purposes of section 114(1)(a), the percentage of an offshore betting operator’s gross betting revenue to be used as the basis on which consumption charges may be set:
      1. prescribing the financial or other relevant information that an offshore betting operator must provide to the designated authority under section 115, the manner in which that information is to be provided (including how the information must be presented, calculated, or prepared), and when the information must be provided:

          1. Penalties

        1. adjusting either or both of the multiplier figures set out in section 112(2)(a) and (6):
          1. specifying penalty amounts or the method by which penalty amounts must be calculated for the purposes of section 116(3):

              1. Penalty notices

            1. prescribing the form of penalty notices for the purposes of section 112(5) and 116(5) and the manner in which penalty notices must be issued:

                1. Application of money from offshore betting charges

              1. specifying, for the purposes of section 118, the persons to whom money received by the designated authority under this subpart may be distributed and prescribing the method to be used for determining the amount of distribution:

                  1. Other

                1. prescribing the manner in which any other thing must be done for the purposes of this subpart:
                  1. prescribing fees or other charges payable in respect of any matter under this subpart or the manner in which fees and charges may be calculated:
                    1. providing for any other matters contemplated by this subpart, necessary for its administration, or necessary for giving it full effect.

                      1. Regulations made under this section may provide differently for different classes of offshore betting operator.

                      2. Regulations made under this section are not invalid merely because they confer any discretion on, or allow any matter to be determined or approved by, any person.

                      3. Before making a recommendation, the Minister must consult (as appropriate) TAB NZ, each racing code, and the Minister for Sport and Recreation.

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

                      Compare
                      Notes
                      • Section 123(5): inserted, on , by section 3 of the Secondary Legislation Act 2021 (2021 No 7).