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Racing Industry Act 2020

Offshore betting charges and other matters - Other matters

127: Crown not liable for debts

You could also call this:

“The government usually doesn't pay racing groups' debts, but there are some exceptions”

The government doesn’t have to pay for any debts or money owed by TAB NZ, the Racing Integrity Board, or any of the committees or tribunals set up by the Racing Integrity Board. However, there are some cases where the government might still have to pay. These include:

If another law says the government has to pay.

If the government has promised to pay through a guarantee or indemnity under section 65ZD of the Public Finance Act 1989.

If someone has a good reason to take the government to court and wins against TAB NZ.

If someone has a good reason to take the government to court and wins against the Racing Integrity Board or its committees or tribunals.

If the government owes money to someone who the Reserve Bank of New Zealand owes money to.

In these special cases, the government might still have to pay, even though they don’t usually have to pay for the debts of these racing organisations.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS292227.

Topics:
Money and consumer rights > Gambling Business > Industry rules
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126: Application of Official Information Act 1982, or

"TAB NZ must follow rules about sharing information with the public"

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Part 5 Offshore betting charges and other matters
Other matters

127Crown not liable for debts

  1. The Crown is not liable to contribute towards the payment of any debts or liabilities of TAB NZ, the Racing Integrity Board, or any adjudicative committee or appeals tribunal established by the Racing Integrity Board.

  2. Subsection (1) does not apply to—

  3. any sum the Crown is liable to contribute under any Act; or
    1. any sum the Crown is liable to contribute under any guarantee or indemnity given under section 65ZD of the Public Finance Act 1989; or
      1. any sum the Crown is liable to pay to a creditor of TAB NZ by virtue of a good cause of action against the Crown; or
        1. any sum the Crown is liable to pay to a creditor of the Racing Integrity Board or any adjudicative committee or appeals tribunal established by the Racing Integrity Board by virtue of a good cause of action against the Crown; or
          1. any sum the Crown is liable to pay to any creditor of the Reserve Bank of New Zealand.

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