Pursuant to section 52 of the Racing Act 2003, the New Zealand Racing Board hereby gives notice of the following amendments to the Betting Rules*.
Change #1
Rule 7 RULES FOR ESTABLISHING AND OPERATING A BETTING ACCOUNT is amended as follows:
7.2 Establishing a Betting Account
(d) The application to open a Betting Account must be accompanied by a deposit of the amount detailed in the Terms and Conditions schedule as amended from time to time.
Change #2
Rule 7 RULES FOR ESTABLISHING AND OPERATING A BETTING ACCOUNT is amended as follows:
7.4 Deposit of funds to a Betting Account
(d) A depositor must produce Identification before depositing cash into a Betting Account of the threshold amount detailed in the Terms and Conditions schedule as amended from time to time. Should the deposit be made on behalf of another party or parties, the Board’s agent at the Totalisator Agency must obtain and record the Identification of the depositor before the deposit can be made.
Change #3
Rule 8 RULES RELATING TO INTERNET INVESTMENTS is amended as follows:
8.2 Establishment of an Account via the Internet
Investors who wish to place bets via the internet:
(a) Must be 18 years of age or older and must have their identity and age verified by the Board. The acceptable methods of verification by the Board of age and identity are specified in APPENDIX 2; and
(b) May establish an account by depositing clear funds at the amounts detailed in the Terms and Conditions schedule as amended from time to time.
The Board may (but will not be obliged to) accept bets as soon as an account has been established via the internet. Similarly, the Board may (but will not be obliged to) accept bets while this account remains in credit. However, the Board will not permit withdrawals to be made from this account until the Account Holder’s age and identity have been verified in accordance with the procedure described in APPENDIX 2.
If an Account Holder’s age and identity have not been verified by the Board within the number of days detailed in the Terms and Conditions schedule as amended from time to time after establishment of their account, then the Board will be entitled to suspend operation of that account until such verification has been received by the Board.
Existing Account Holders may, at the discretion of the Board, use their existing account to place bets via the internet. To the extent that these existing customers place bets via the internet, they will be bound by Rule 8 RULES RELATING TO INTERNET INVESTMENTS.
Change #4
Rule 8 RULES RELATING TO INTERNET INVESTMENTS is amended as follows:
8.4 Administration
The Board may charge an account administration fee for internet transactions. The transaction types, criteria and fees charged are detailed in the Terms and Conditions schedule as amended from time to time.
Change #5
APPENDIX 2 is amended as follows:
APPENDIX 2
Identification process for Betting Account established through internet
After completing the required application form for a new Betting Account, internet users MUST provide verification of identity, this may be by means of documentary or other evidence that is capable of identifying the customer. The accepted means of Identification are certified copies of a:
- Passport
- Driver’s licence
A copy of the relevant page or pages of the above that contain the personal details, photograph and signature of the account applicant will be required. These must be endorsed by a reputable and identifiable person such as a:
- Notary public
- Lawyer
- Doctor in private practice
- Justice of the peace
- Government official
Please ensure that the endorsement is either stamped or a phone number provided by the verifier. (Please note that existing phonebetting Account Holders who enable their existing phone account for internet access do not need to send any identification.)
Note that the above form of identification can be presented at a Totalisator Agency in New Zealand for verification of identity and signature, in which case the TAB representative will send the verification documents to Account Betting Customer Services.
This can be either sent to:
Manager Account Betting Customer Services
National Office
New Zealand Racing Board
PO Box 38899
Wellington Mail Centre
Lower Hutt 5045
New Zealand
or faxed to: +64 4 5766922
or emailed to: administration@nzracingboard.co.nz
This record will be used as signature identification and age verification. If verification of the identity of the Account Holder is not received within 30 days of opening, the account may be "frozen" and may not be accessible until such time as this is received. Please note that withdrawals can NOT be made from accounts until this documentation has been received.
Acceptable forms of identification for Betting Accounts established through retail network
An application for a Betting Account made through the Board’s retail network must be accompanied by identification that includes a photograph, specimen signature and proof of age. Acceptable forms of identification are:
- Passport
- Driver’s licence
- HANZ 18+ Card
These Rules come into force on 30 August 2011.
Full copies of the Betting Rules may be inspected on request at TAB offices, downloaded from the New Zealand Racing Board website
www.nzracingboard.co.nz
or may be purchased from the New Zealand Racing Board, PO Box 38899, Wellington Mail Centre, Lower Hutt 5045.
Dated at Wellington this 25th day of August 2011.
BILL COLGAN, Interim Chief Executive of the New Zealand Racing Board.
*Supplement to the New Zealand Gazette, 25 August 2003, No. 113, page 2981