18Prescription of events as declared betting events

18 Prescription of events as declared betting events

18 Prescription of events as declared betting events

(1) The Minister may, by order published in the Gazette, prescribe an event or class of events (whether or not a sporting event) as a declared betting event.

(2) An order prescribing a declared betting event must also prescribe the types of bets that are permitted to be made on the declared betting event.

(3) A race cannot be prescribed as a declared betting event.

Note—

Events related to racing are not sporting events but can still be prescribed as declared betting events.

(4) The Minister must not make an order that prescribes a declared betting event (or permits a new type of bet to be made on a declared betting event) unless an application to make the order has been made by—

(a) a licensed bookmaker who holds a declared betting event authority under Division 2A, or

(b) a licensee under the Totalizator Act 1997.

(5) The Minister must, unless the Minister considers that it is not in the public interest to do so, give effect to an application to remove a type of bet that is permitted to be made on a declared betting event if—

(a) the declared betting event is a sporting event, and

(b) the application is made by the sports controlling body for the sporting event.

(6) An application under this section is to be made in the manner approved by the Minister and is to be accompanied by the fee (if any) prescribed by the regulations.

s 18: Subst 2010 No 132, Sch 1 [8]; 2014 No 25, Sch 1 [7].