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 published as a Supplement to the New Zealand Gazette, 25 August 2003, No. 113, page 2981.

10.1 Interpretation

[INSERT] – “Bonus Supplement” means a specified amount added to a Dividend Pool by the Board using funds from the Code Prize Reserve Pool. Bonus Supplements will be in addition to any amounts placed as bets (less Refunds and statutory deductions) on the relevant Dividend Pool.

[INSERT] – “Code Prize Reserve Pool” means an account where funds from a Dividend Pool may be transferred to, from time to time, in accordance with these Rules. This Account may be used by the Board (at selected times and at the Board’s sole discretion) to fund Bonus Supplements and Guaranteed Pools on a Race or Races at a Meeting selected by the Board, provided that Meeting is of the same racing code (Thoroughbred, Harness or Greyhound) as the originating Dividend Pools.

[INSERT] – “Guaranteed Pool” means a Dividend Pool where the Board commits to underwrite a Dividend Pool to be a specified minimum amount when betting closes on that Dividend Pool. Funds (the Guaranteed Pool Shortfall) may be transferred from the Code Prize Reserve Pool in order to bring that Dividend Pool up to the specified minimum amount.

[INSERT] – “Guaranteed Pool Shortfall” means an amount (if any) that the Board must contribute to a Guaranteed Pool to satisfy the difference between the amount placed as bets (less Refunds and statutory deductions) on the relevant Guaranteed Pool and the specified minimum amount that the Board had committed to underwrite.

11.8 Trifecta Betting

11.8.1 Interpretation

[DELETE] – “Succeeding Trifecta Race” means in relation to a Trifecta Race (“Initial Trifecta Race”):

(a) The next Trifecta Race (if any) conducted at the same Meeting as the Initial Trifecta Race;

or if there is none

(b) A Betting Pool on a Race at a Meeting selected by the Board, provided that Meeting is of the same racing code, Thoroughbred, Harness or Greyhound, as the Initial Trifecta Race.

[INSERT] – “Subsequent Trifecta Dividend Pool”

(a) means the next Trifecta Dividend Pool (if any) conducted on a Race at the same Meeting

or if there is none

(b) means the Code Prize Reserve Pool.

11.8.4 [DELETE] – Dividend Pool

Subject to Rule 11.8.5 relating to Dead Heats, the Dividend Pool shall be distributed as follows:

(a) The Dividend Pool shall be distributed equally amongst those units of betting that have selected the First Three Placings in the correct order in the Trifecta Race, provided that the sum of those winning units of betting is equal to or greater than the Dividend Unit.

(b) Where the sum of winning units of betting is less than the Dividend Unit, the Dividend Pool will be declared as the Dividend and winning units of betting will receive their proportional share of the Dividend Pool. The balance of the Dividend Pool will be carried forward and added to the Dividend Pool of the Succeeding Trifecta Race as determined by Board Policy.

(c) If no unit of betting has selected the First Three Placings in the correct order in a Trifecta Race, the Dividend Pool shall be carried forward and added to the Dividend Pool of the Succeeding Trifecta Race as determined by Board policy.

(d) In circumstances where a Dividend Pool is terminating and there are no Winners, ie countback provisions have been exhausted and the Dividend Pool is distributed amongst all units of betting, eg the winning Entrant is Any/Any/Any, then the dividend may be less than the dividend unit.

11.8.4 [INSERT] – Dividend Pool

Subject to Rule 11.8.5 relating to Dead Heats, Rule 11.8.8 relating to Termination and Rule 11.8.9 relating to a Declaration of less than three placings, the Dividend Pool shall be distributed as follows:

(a) The Dividend Pool shall be distributed equally amongst those units of betting that have selected the First Three Placings in the correct order in the Trifecta Race, provided that the sum of those winning units of betting is equal to or greater than the Dividend Unit.

(b) Where the sum of winning units of betting is less than the Dividend Unit, the Dividend Pool will be declared as the Dividend and winning units of betting will receive their proportional share of the Dividend Pool. The balance of the Dividend Pool, less any Guaranteed Pool Shortfall (which will be returned to the Code Prize Reserve Pool), will be carried forward and added to the Subsequent Trifecta Dividend Pool.

(c) If no unit of betting has selected the First Three Placings in the correct order in a Trifecta Race, the Dividend Pool, less any Guaranteed Pool Shortfall (which will be returned to the Code Prize Reserve Pool), will be carried forward and added to the Subsequent Trifecta Dividend Pool.

(d) In circumstances where a Dividend Pool is terminating and there are no Winners, ie countback provisions have been exhausted, and the Dividend Pool is distributed amongst all units of betting, eg the winning permutation is Any/Any/Any, then the dividend may be less than the dividend unit.

11.8.5 [DELETE] – Dead Heats

If a dead heat or dead heats occur in a Trifecta Race:

(a) Units of betting entitled to a Dividend will be those which correctly selected all places from first to third not affected by the dead heat or dead heats and which also selected the Entrants involved in each dead heat in the placings affected by that dead heat. For example, if a dead heat occurs for second place, units of betting entitled to a Dividend will be those which selected first and which also selected the Entrants involved in the dead heat in second and third places in either order; and

(b) The Dividends will be calculated by firstly dividing the Dividend Pool into a number of parts corresponding to the number of combinations that would entitle a unit of betting specifying one of those combinations to a Dividend under Rule 11.8.5(a) and secondly, dividing each part of the Dividend Pool by the number of actual bets which specified the respective combination.

(c) Each unbacked combination that would entitle a unit of betting specifying one of those combinations to a Dividend under Rule 11.8.5(a) will be carried forward to and added to the Trifecta Dividend Pool of the Succeeding Trifecta Race as determined by Board policy.

11.8.5 [INSERT] – Dead Heats

If a dead heat or dead heats occurs in the First Three Places in a Trifecta Race:

(a) The number of unique permutations of Race Entrants filling or sharing First, Second and Third Places (the Winning Permutations) will be greater than one, eg if there is a dead heat for First Place there will be two Winning Permutations; the two Race Entrants involved in the dead heat finishing First and Second, in either order, together with the Race Entrant placed Third. Each Winning Permutation is entitled to a Dividend.

(b) To calculate the Dividend attributable to each Winning Permutation, the Dividend Pool will be divided into the number of equal parts corresponding to the number of Winning Permutations determined by 11.8.5(a). Each part Dividend Pool may contain a pro rata part of any Guaranteed Pool Shortfall and each Winning Permutation together with their corresponding part Dividend Pool and part Guaranteed Pool Shortfall shall be respectively treated as the First Three Placings, Dividend Pool and Guaranteed Pool Shortfall for the purposes of calculating Dividends in accordance with Rule 11.8.4.

11.8.7 [DELETE] – Abandonments

Where a Race is abandoned all units of Trifecta betting on that Race will be refunded.

Any amount brought forward from any previous Trifecta Race shall be carried forward to the Trifecta Pool on the Succeeding Trifecta Race.

11.8.7 [INSERT] – Abandonments

Where a Race is abandoned all units of Trifecta betting on that Race will be refunded. Refunds will not include any Bonus Supplement or Guaranteed Pool Shortfall.

Any Guaranteed Pool Shortfall shall be returned to the Code Prize Reserve Pool.

Any Bonus Supplement or amount brought forward from any previous Trifecta Dividend Pool shall be carried forward to the Subsequent Trifecta Dividend Pool.

11.8.9 [DELETE] – Declaration of Less than Three Placings

(a) If only two placings are declared:

(i) Any amount brought forward to that Trifecta Pool is transferred to the Trifecta Pool on the Succeeding Trifecta Race; and

(ii) The remainder of the Trifecta Pool will be divided amongst the Investors on the correct combination of the two placed Entrants with any other Entrants in the Race;

(b) If only a Winner is declared:

(i) Any amount brought forward to that Trifecta Pool is transferred to the Trifecta Pool on the Succeeding Trifecta Race; and

(ii) The remainder of the Trifecta Pool will be divided amongst the Investors on the correct combination of the Winner and any other two Entrants in the Race;

and the remainder of the Trifecta Dividend Pool will be transferred to the Trifecta Pool on the Succeeding Trifecta Race if these alternative combinations have also not been selected.

11.8.9 [INSERT] – Declaration of Less than Three Placings

(a) If only two placings are declared:

(i) any Bonus Supplement together with any amount brought forward to that Trifecta Dividend Pool is transferred to the Subsequent Trifecta Dividend Pool; and

(ii) in respect of Rule 11.8.4, the First Three Placings will be deemed to be the First and Second Placed Race Entrants with the Third being any other Race Entrant.

(b) If only a Winner is declared:

(i) any Bonus Supplement together with any amount brought forward to that Trifecta Dividend Pool is transferred to the Subsequent Trifecta Dividend Pool; and

(ii) in respect of Rule 11.8.4 the First Three Placings will be deemed to be the First Placed Race Entrant with Second and Third being any other Race Entrants.

11.12 First4 Betting

11.12.1 Interpretation

[DELETE] – “Succeeding First4 Race” means in relation to a First4 Race (“Initial First4 Race”):

(a) The next First4 Race (if any) conducted at the same Meeting as the Initial First4 Race;

or if there is none

(b) A Betting Pool on a Race at a Meeting selected by the Board, provided that Meeting is of the same racing code, Thoroughbred, Harness or Greyhound, as the Initial First4 Race.

[INSERT] – “Subsequent First4 Dividend Pool”

(a) means the next First4 Dividend Pool (if any) conducted on a Race at the same Meeting

or if there is none

(b) means the Code Prize Reserve Pool.

11.12.4 [DELETE] – Dividend Pool

Subject to Rule 11.12.5 relating to Dead Heats and Rule 11.12.8 relating to Termination, the Dividend Pool shall be distributed as follows:

(a) The Dividend Pool shall be distributed equally amongst those units of betting that have selected the First Four Placings in the correct order in the First4 Race, provided that the sum of those winning units of betting is equal to or greater than the Dividend Unit.

(b) Where the sum of winning units of betting is less than the Dividend Unit, the Dividend Pool will be declared as the Dividend and winning units of betting will receive their proportional share of the Dividend Pool. The balance of the Dividend Pool will be carried forward and added to the Dividend Pool of the Succeeding First4 Race as determined by Board policy.

(c) If no unit of betting has selected the First Four Placings in the correct order in a First4 Race, the Dividend Pool shall be carried forward and added to the Dividend Pool of the Succeeding First4 Race as determined by Board policy.

(d) In circumstances where a Dividend Pool is terminating and there are no Winners, ie countback provisions have been exhausted and the Dividend Pool is distributed amongst all units of betting, eg the winning Entrant is Any/Any/Any/Any, then the dividend may be less than the dividend unit.

11.12.4 [INSERT] – Dividend Pool

Subject to Rule 11.12.5 relating to Dead Heats, Rule 11.12.8 relating to Termination and Rule 11.12.9 relating to a Declaration of less than four placings, the Dividend Pool shall be distributed as follows:

(a) The Dividend Pool shall be distributed equally amongst those units of betting that have selected the First Four Placings in the correct order in the First4 Race, provided that the sum of those winning units of betting is equal to or greater than the Dividend Unit.

(b) Where the sum of winning units of betting is less than the Dividend Unit, the Dividend Pool will be declared as the Dividend and winning units of betting will receive their proportional share of the Dividend Pool. The balance of the Dividend Pool, less any Guaranteed Pool Shortfall (which will be returned to the Code Prize Reserve Pool), will be carried forward and added to the Subsequent First4 Dividend Pool.

(c) If no unit of betting has selected the First Four Placings in the correct order in a First4 Race, the Dividend Pool, less any Guaranteed Pool Shortfall (which will be returned to the Code Prize Reserve Pool), will be carried forward and added to the Subsequent First4 Dividend Pool.

(d) In circumstances where a Dividend Pool is terminating and there are no Winners, ie countback provisions have been exhausted, and the Dividend Pool is distributed amongst all units of betting, eg the winning permutation is Any/Any/Any/Any, then the dividend may be less than the dividend unit.

11.12.5 [DELETE] – Dead Heats

If a dead heat or dead heats occur in a First4 Race:

(a) Units of betting entitled to a Dividend will be those which correctly selected all places from first to fourth not affected by the dead heat or dead heats and which also selected the Entrants involved in each dead heat in the placings affected by that dead heat. For example, if a dead heat occurs for second place, units of betting entitled to a Dividend will be those which selected first and fourth correctly and which also selected the Entrants involved in the dead heat in second and third places in either order; and

(b) The Dividends will be calculated by firstly dividing the Dividend Pool into a number of parts corresponding to the number of combinations that would entitle a unit of betting specifying one of those combinations to a Dividend under Rule 11.12.5(a); and

(c) Each unbacked combination that would entitle a unit of betting specifying one of those combinations to a Dividend under Rule 11.12.5(a) will be carried forward to and added to the First4 Dividend Pool of the Succeeding First4 Race as determined by Board Policy.

(d) Which results in there being more than twelve winning combinations in a First4, for the purpose of the declaration of dividends:

(i) All placings that result in there being more than twelve winning combinations in that First4 will not be taken into account; and

(ii) The Dividends will be calculated by firstly dividing the Dividend Pool into a number of parts corresponding to the number of combinations that would entitle a unit of betting specifying one of those combinations to a Dividend under Rule 11.12.5(a)

(iii) Each unbacked combination that would entitle a unit of betting specifying one of those combinations to a Dividend under Rule 11.12.5(a) will be carried forward to and added to the First4 Dividend Pool of the Succeeding First4 Race as determined by Board Policy.

11.12.5 [INSERT] – Dead Heats

If a dead heat or dead heats occur in the First Four Places in a First4 Race:

(a) The number of unique permutations of Race Entrants filling or sharing First, Second, Third and Fourth Places (the Winning Permutations) will be greater than one, eg if there is a dead heat for First Place there will be two Winning Permutations; the two Race Entrants involved in the dead heat finishing First and Second, in either order, together with the Race Entrant that placed Third and the Race Entrant that placed Fourth. Each Winning Permutation is entitled to a Dividend.

(b) However, should the number of Winning Permutations determined by 11.12.5(a) be greater than twelve, then the Placing(s) that caused the number of Winning Permutations to exceed twelve, will not be taken into account, eg if there is a triple dead heat for First and a triple dead heat for Fourth, the Fourth placing causes the number of Winning Permutations to reach eighteen and therefore fourth placing will not be taken into account, leaving six Winning Permutations; the three Race Entrants involved in the triple dead heat for First finishing First, Second and Third in any order, together with any Race Entrant in Fourth.

(c) To calculate the Dividends attributable to each Winning Permutation, the Dividend Pool will be divided into the number of equal parts corresponding to the number of Winning Permutations determined by 11.12.5(a) and (b). Each part Dividend Pool may contain a pro rata part of any Guaranteed Pool Shortfall and each Winning Permutation together with their corresponding part Dividend Pool and part Guaranteed Shortfall shall be respectively treated as the First Four Placings, Dividend Pool and Guaranteed Pool Shortfall for the purposes of calculating Dividends in accordance with Rule 11.12.4.

11.12.7 [DELETE] – Abandonments

Where a Race is abandoned all units of First4 betting on that Race will be refunded.

Any amount brought forward from any previous First4 shall be carried forward to the First4 Pool on the Succeeding First4 Race.

11.12.7 [INSERT] – Abandonments

Where a Race is abandoned all units of First4 betting on that Race will be refunded. Refunds will not include any Bonus Supplement or Guaranteed Pool Shortfall.

Any Guaranteed Pool Shortfall shall be returned to the Code Prize Reserve Pool.

Any Bonus Supplement or amount brought forward from any previous First4 Dividend Pool shall be carried forward to the Subsequent First4 Dividend Pool.

11.12.9 [DELETE] – Declaration of Less than Four Placings

(a) If only three placings are declared:

(i) Any amount brought forward to that First4 Pool is transferred to the First4 Pool on the Succeeding First4 Race;

(ii) The remainder of the First4 Pool will be divided amongst the Investors on the correct combination of the three placed Entrants with any other Entrant in the First4 Race;

(b) If only two placings are declared:

(i) Any amount brought forward to that First4 Pool is transferred to the First4 Pool on the Succeeding First4 Race;

(ii) The remainder of the First4 Pool will be divided amongst the Investors on the correct combination of the two placed Entrants with any two Entrants in the Race;

(c) If only a Winner is declared:

(i) Any amount brought forward to that First4 Pool is transferred to the First4 Pool on the Succeeding First4 Race; and

(ii) The remainder of the First4 Pool will be divided amongst the Investors on the correct combination of the Winner and any other three Entrants in the Race;

and the remainder of the First4 Dividend Pool will be transferred to the First4 Pool on the Succeeding First4 Race if these alternative combinations have also not been selected.

11.12.9 [INSERT] – Declaration of Less than Four Placings

(a) If only three placings are declared:

(i) any Bonus Supplement, together with any amount brought forward to that First4 Dividend Pool is transferred to the Subsequent First4 Dividend Pool; and

(ii) in respect of Rule 11.12.4, the First Four Placings will be deemed to be the First, Second and Third Placed Race Entrants with Fourth being any other Race Entrant.

(b) If only two placings are declared:

(i) any Bonus Supplement, together with any amount brought forward to that First4 Dividend Pool is transferred to the Subsequent First4 Dividend Pool; and

(ii) in respect of Rule 11.12.4, the First Four Placings will be deemed to be the First and Second Placed Race Entrants with both Third and Fourth being any other Race Entrants.

(c) If only a Winner is declared:

(i) any Bonus Supplement, together with any amount brought forward to that First4 Dividend Pool is transferred to the Subsequent First4 Dividend Pool; and

(ii) in respect of Rule 11.12.4, the First Four Placings will be deemed to be the First Placed Race Entrant with Second, Third and Fourth being any other Race Entrants.

11.13 Quaddie Betting

11.13.1 Interpretation

[DELETE] – “Succeeding Quaddie” means in relation to a Quaddie (“initial Quaddie”) a Betting Pool on a Race at a Meeting selected by the Board, provided that Meeting is of the same racing code, Thoroughbred, Harness or Greyhound, as the Initial Quaddie.

11.13.4 [DELETE] – Dividend Pool

Subject to Rule 11.13.5 relating to Dead Heats and Rule 11.13.9 relating to Termination, the Dividend Pool shall be distributed as follows:

(a) The Dividend Pool shall be distributed equally amongst those units of betting that have selected the Winner in each of the four Races of the Quaddie, provided that the sum of those winning units of betting is equal to or greater than the Dividend Unit.

(b) Where the sum of winning units of betting is less than the Dividend Unit, the Dividend Pool will be declared as the Dividend and the winning units of betting will receive their proportional share of the Dividend Pool. The balance of the Dividend Pool will be carried forward and added to the Dividend Pool of the Succeeding Quaddie Race as determined by Board policy.

(c) If no unit of betting has selected the Winners in all four Races of the Quaddie, the Dividend Pool shall be carried forward and added to the Dividend Pool of the Succeeding Quaddie Race as determined by Board policy.

(d) In circumstances where the Dividend Pool is terminating and there are no Winners, ie countback provisions have been exhausted, and the Dividend Pool is distributed amongst all units of betting, then the dividend may be less than the dividend unit.

11.13.4 [INSERT] – Dividend Pool

Subject to Rule 11.13.5 relating to Dead Heats and Rule 11.13.9 relating to Termination, the Dividend Pool shall be distributed as follows:

(a) The Dividend Pool shall be distributed equally amongst those units of betting that have selected the Winner in each of the four Races of the Quaddie, provided that the sum of those winning units of betting is equal to or greater than the Dividend Unit.

(b) Where the sum of winning units of betting is less than the Dividend Unit, the Dividend Pool will be declared as the Dividend and the winning units of betting will receive their proportional share of the Dividend Pool. The balance of the Dividend Pool will be added to the Code Prize Reserve Pool.

(c) If no unit of betting has selected the Winners in all four Races of the Quaddie, the Dividend Pool will be added to the Code Prize Reserve Pool.

(d) In circumstances where the Dividend Pool is terminating and there are no Winners, ie countback provisions have been exhausted, and the Dividend Pool is distributed amongst all units of betting, then the dividend may be less than the dividend unit.

11.13.5 [DELETE] – Dead Heats

If a dead heat occurs in one or more Quaddie Races:

(a) The Dividend will be calculated by firstly dividing the Dividend Pool into a number of parts corresponding to the number of combinations that would entitle a unit of betting specifying one of those combinations to a Dividend under Rule 11.3.4 and, secondly, dividing each part of the Dividend Pool by the number of actual bets which specified the respective combination.

(b) Each unbacked combination that would entitle a unit of betting specifying one of those combinations to a Dividend under Rule 11.13.4 will be carried forward to and added to the Quaddie Dividend Pool of the Succeeding Quaddie Race as determined by Board Policy.

(c) Which results in there being more than eight winning combinations in a Quaddie, for the purpose of the declaration of dividends:

(i) All placings that result in there being more than eight winning combinations in that Quaddie will not be taken into account; and

(ii) The Dividends will be calculated by firstly dividing the Dividend Pool into a number of parts corresponding to the number of combinations that would entitle a unit of betting specifying one of those combinations to a Dividend under Rule 11.13.4;

(iii) Each unbacked combination that would entitle a unit of betting specifying one of those combinations to a Dividend under Rule 11.13.4 will be carried forward to and added to the Quaddie Pool of the Succeeding Quaddie Race as determined by Board Policy.

11.13.5 [INSERT] – Dead Heats

If a dead heat occurs in one or more Quaddie Races:

(a) The number of unique permutations of Race Entrants filling or sharing First in each Quaddie Race (the Winning Permutations) will be greater than one, eg if there is a dead heat for First in the first Quaddie Race there will be two Winning Permutations; the two Race Entrants involved in the dead heat separately with the other three winners of the remaining Quaddie Races. Each Winning Permutation is entitled to a Dividend.

(b) However, should the number of Winning Permutations determined by 11.13.5(a) be greater than eight, then the Quaddie Race that caused the number of Winning Permutations to exceed eight, as well as any subsequent Quaddie Race, will not be taken into account, eg if there is a triple dead heat for First in the first Quaddie Race and a triple dead heat for First in the third Quaddie race, the third Quaddie race causes the number of Winning Permutations to reach nine and therefore the third and fourth Quaddie Races will not be taken into account, leaving three Winning Permutations; the three Race Entrants involved in the triple dead head in the first Quaddie Race separately with the winner of the second Quaddie Race together with Any Race Entrant in both the third and fourth Quaddie Races.

(c) To calculate the Dividend attributable to each Winning Permutation, the Dividend Pool will be divided into the number of equal parts corresponding to the number of Winning Permutations determined by 11.13.5(a) and (b). Each part Dividend Pool may contain a pro rata part of any Guaranteed Pool Shortfall and each Winning Permutation together with their corresponding part Dividend Pool and part Guaranteed Pool Shortfall shall be respectively treated as the Winners of the four Quaddie Races, Dividend Pool and Guaranteed Pool Shortfall for the purposes of calculating Dividends through Rule 11.13.4.

11.13.8 [DELETE] – Abandonments

(a) Where after the scheduled start time of the first Quaddie Race, any Race in a Quaddie is abandoned, all Selections on that Race shall be deemed to be winners and the Dividend Pool will be divided on that basis.

(b) Where all Races of a Quaddie are abandoned or where, prior to the scheduled start time of the first Quaddie Race, any of the Quaddie Races are abandoned:

(i) all units of Quaddie betting will be refunded; and

(ii) any amount brought forward from any previous Quaddie shall be carried forward to the Quaddie Pool on the Succeeding Quaddie Race.

11.13.8 [INSERT] – Abandonments

(a) Where, after the scheduled start time of the first Quaddie Race, any Race in a Quaddie is abandoned, all Selections on that Race shall be deemed to be winners and the Dividend Pool will be divided on that basis.

(b) Where all Races of a Quaddie are abandoned or where, prior to the scheduled start time of the first Quaddie Race, any of the Quaddie Races are abandoned:

(i) all units of Quaddie betting will be refunded. Refunds will not include any Bonus Supplement or Guaranteed Pool Shortfall; and

(ii) any Bonus Supplement or Guaranteed Pool Shortfall will be returned to the Code Prize Reserve Pool.

11.14 Place6 Betting

11.14.1 Interpretation

[DELETE] – “Succeeding Place6” means in relation to a Place6 (“initial Place6”) the next Place6 at a Race Meeting selected by the Board.

11.14.4 [DELETE] – Dividend Pool

The Dividend Pool shall be distributed as follows:

(a) The Dividend Pool shall be distributed equally amongst those units of betting that have selected a Placed Entrant in each of the six Races of a Place6, provided that the sum of those winning units of betting is equal to or greater than the Dividend Unit.

(b) Where the sum of winning units of betting is less than the Dividend Unit, the Dividend Pool will be declared as the Dividend, and winning units of betting will receive their proportional share of the Dividend Pool. The balance of the Dividend Pool shall be carried forward and added to the Dividend Pool of the Succeeding Place6 as determined by Board policy.

(c) If no units of betting have selected a Placed Entrant in each of the six Races of a Place6, the Dividend Pool shall be carried forward and added to the Dividend Pool of the Succeeding Place6 as determined by Board policy.

11.14.4 [INSERT] – Dividend Pool

Subject to Rule 11.14.5 relating to Dead Heats, the Dividend Pool shall be distributed as follows:

(a) The Dividend Pool shall be distributed equally amongst those units of betting that have selected a Placed Entrant in each of the six Races of a Place6, provided that the sum of those winning units of betting is equal to or greater than the Dividend Unit.

(b) Where the sum of winning units of betting is less than the Dividend Unit, the Dividend Pool will be declared as the Dividend, and winning units of betting will receive their proportional share of the Dividend Pool. The balance of the Dividend Pool will be added to the Code Prize Reserve Pool.

(c) If no units of betting have selected a Placed Entrant in each of the six Races of a Place6, the Dividend Pool will be added to the Code Prize Reserve Pool.

11.14.8 [DELETE] – Abandonment of Races

(a) Where any one of the Races of a Place6 is abandoned:

(i) The Dividend Pool shall be distributed equally amongst those units of betting that have selected a Placed Entrant in each of the other five Races of the Place6 and any Race Entrant in the abandoned Race.

(b) Where any two of the Races of a Place6 are abandoned:

(i) The Dividend Pool shall be distributed equally amongst those units of betting that have selected a Placed Entrant in each of the other four Races of the Place6 and any Race Entrant in the two abandoned Races.

(c) Where any three of the Races of a Place6 are abandoned:

(i) The Dividend Pool shall be distributed equally amongst those units of betting that have selected a Placed Entrant in each of the other three Races of the Place6 and any Race Entrant in the three abandoned Races.

(d) Where any four or any five or all six of the Races of a Place6 are abandoned:

(i) Place6 investments will be refunded; and

(ii) The amount brought forward from any previous Place6 shall be carried forward and added to the Dividend Pool of the Succeeding Place6 as determined by Board policy.

11.14.8 [INSERT] – Abandonment of Races

(a) Where any one of the Races of a Place6 is abandoned:

(i) the Dividend Pool shall be distributed equally amongst those units of betting that have selected a Placed Entrant in each of the other five Races of the Place6 and any Race Entrant in the abandoned Race.

(b) Where any two of the Races of a Place6 are abandoned:

(i) the Dividend Pool shall be distributed equally amongst those units of betting that have selected a Placed Entrant in each of the other four Races of the Place6 and any Race Entrant in the two abandoned Races.

(c) Where any three of the Races of a Place6 are abandoned:

(i) the Dividend Pool shall be distributed equally amongst those units of betting that have selected a Placed Entrant in each of the other three Races of the Place6 and any Race Entrant in the three abandoned Races.

(d) Where any four or any five or all six of the Races of a Place6 are abandoned:

(i) Place6 investments will be refunded. Refunds will not include any Bonus Supplement or Guaranteed Pool funds; and

(ii) any Bonus Supplement or Guaranteed Pool Shortfall shall be returned to the Code Prize Reserve Pool.

APPENDIX 1

[DELETE]

Percentage betting minimum is the greater of $5, or 5c for each of the unique bet combinations purchased.

 

[INSERT]

Percentage betting minimum is the greater of $1, or 5c for each of the unique bet combinations purchased.

 

These Rules come into force on 24 July 2015.

Full copies of the Betting Rules may be inspected on request at TAB offices or downloaded from the New Zealand Racing Board website

www.tab.co.nz

Further enquiries can be made to New Zealand Racing Board, PO Box 38899, Wellington Mail Centre, Lower Hutt 5045.

Dated at Wellington this 21st day of July 2015.

New Zealand Racing Board, PO Box 38899, Wellington Mail Centre, Lower Hutt 5045.

JOHN ALLEN, Chief Executive of the New Zealand Racing Board.