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Racing Industry Act 2020

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

105: Interpretation

You could also call this:

“Words and their meanings in the betting and racing rules”

In this part of the law, you’ll find explanations for some important words and phrases. These definitions help you understand what certain terms mean when you read this section of the Racing Industry Act 2020.

A ‘bet’ is when someone places a wager with a betting company that’s not based in New Zealand. The company that takes these bets from outside New Zealand is called an ‘offshore betting operator’.

There are two types of charges that these offshore betting operators might have to pay. One is called ‘betting information use charges’, which they pay when they use information about New Zealand races or sports events. The other is ‘consumption charges’, which they pay for taking bets from people in New Zealand.

The law talks about ‘New Zealand racing events’, which are races that happen in New Zealand, and ‘New Zealand sporting events’, which are sports events that have been officially declared as such.

There’s also something called a ‘betting information use agreement’. This is a deal between the offshore betting operator and the people who run the races or sports events in New Zealand. It lets the operator use information about these events.

The ‘designated authority’ is the government department that’s in charge of managing these rules, or someone they’ve asked to do it for them.

Remember, these definitions are here to help you understand the specific meanings of these words in this part of the law. They might mean something slightly different in other situations.

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Topics:
Money and consumer rights > Gambling Business > Industry rules
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104: Territorial scope, or

"The law applies to betting services offered to New Zealanders, even from overseas"

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106: Declaration of New Zealand sporting events, or

"How Sport NZ says which sports events are official New Zealand events"

Part 5 Offshore betting charges and other matters
Offshore betting charges: Preliminary

105Interpretation

  1. In this subpart, unless the context otherwise requires,—

    bet means a bet taken by an offshore betting operator

      betting information use agreement means an agreement referred to in section 110(1)(b)

        betting information use charges means charges payable by an offshore betting operator under a betting information use agreement as required by section 111(a)

          betting operations means racing betting or sports betting conducted by an offshore betting operator

            consumption charges means charges payable by an offshore betting operator under section 113

              designated authority means the Department or, if the Department has delegated its functions or powers to another entity under section 109, then, in relation to those functions or powers, that delegate

                New Zealand racing and sporting information means information relating to any New Zealand racing event or New Zealand sporting event on which betting may occur

                  New Zealand racing event means a betting race held in New Zealand

                    New Zealand sporting event means an event declared to be a New Zealand sporting event under section 106

                      offshore betting charges or charges means betting information use charges or consumption charges

                        offshore betting operator means a person that is located outside New Zealand and that—

                        1. takes bets on New Zealand racing events or New Zealand sporting events (whether from persons resident in or outside New Zealand); or
                          1. takes bets on racing and sporting events from persons resident in New Zealand (whether the events are held in or outside New Zealand)

                            racing event means a betting race held in or outside New Zealand

                              relevant nominee means a person nominated by the relevant racing code, relevant New Zealand national sporting organisation, or Sport and Recreation New Zealand (as the case may be) for the purposes of a betting information use agreement

                                scheme for betting information use charges means the scheme described in section 103(2)(a)

                                  scheme for consumption charges means the scheme described in section 103(2)(b).

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