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Racing Industry Act 2020

Offshore betting charges and other matters - Offshore betting charges - Preliminary

103: Purpose and overview

You could also call this:

“This section explains how overseas betting companies pay for using New Zealand racing and sports information”

This part of the law is about making sure betting companies from other countries pay for using New Zealand’s racing and sports information. Here’s what it does:

The law sets up two ways for offshore betting companies to pay:

  1. If they want to use information about New Zealand races or sports events to take bets, they need to ask permission first. They’ll need to agree to pay for using this information.

  2. If they take bets from people living in New Zealand, they have to pay charges. This is true even if the events aren’t happening in New Zealand.

There’s a special group (called the designated authority) that will make sure these companies follow the rules and pay what they owe. The money they collect will be used to help racing and sports in New Zealand.

This law is meant to make sure that when offshore betting companies make money from New Zealand racing and sports, some of that money comes back to help New Zealand.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS292174.

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

103Purpose and overview

  1. The purpose of this subpart is to provide a framework under which offshore betting operators must pay charges in New Zealand in respect of their betting operations involving this country. These charges are to recognise the financial returns that offshore betting operators enjoy from bets that they take on racing and sporting events held in New Zealand and from bets that they take from people resident in New Zealand.

  2. To that end, this subpart—

  3. establishes a scheme for betting information use charges that requires offshore betting operators to—
    1. obtain permission from the relevant racing code, the relevant New Zealand national sporting organisation, or Sport and Recreation New Zealand (or a relevant nominee) before using New Zealand racing and sporting information for taking bets on racing events and sporting events taking place in New Zealand; and
      1. enter into an agreement that sets out the terms and conditions on which that permission is granted, including the offshore betting operator’s agreement to pay charges for using the information in the operator’s betting operations:
      2. establishes a scheme for consumption charges that requires offshore betting operators to pay charges to the designated authority in respect of bets that they take on racing events and sporting events from persons resident in New Zealand, whether those events are held in or outside New Zealand:
        1. provides for the designated authority (or its delegate) to—
          1. enforce the scheme for betting information use charges; and
            1. administer the scheme for consumption charges, including by collecting the charges; and
              1. apply the money received by the designated authority to purposes relating to racing and sports in New Zealand.

              2. Subsection (2) is only a guide to the general scheme and effect of this subpart.

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