New Zealand Legislation: Acts
Acts are laws made by Parliament
(1) The functions of the Board are—
(a) to develop policies that are conducive to the overall economic development of the racing industry, and the economic well-being of people who, and organisations which, derive their livelihoods from racing:
(b) to determine the racing calendar each year, and issue betting licences, under Part 5:
(c) to conduct racing betting and sports betting, and make rules relating to betting, under Part 6:
(d) to distribute funds obtained from betting to the racing codes in accordance with sections 16 and 17:
(e) to administer the racing judicial system in accordance with sections 36 to 41 and Schedule 3:
(f) to develop or implement, or arrange for the development or implementation of, programmes for the purposes of reducing problem gambling and minimising the effects of that gambling:
(g) to undertake, or arrange for the undertaking of, research, development, and education for the benefit of New Zealand racing:
(h) to use its resources, including financial, technical, physical, and human resources, for purposes that, in the opinion of the Board, will directly or indirectly benefit New Zealand racing:
(i) to keep under review all aspects of racing and to advise the Minister of those aspects, either on its own initiative or at the request of the Minister:
(j) any other functions that it is given by or under this Act or any other Act.
(2) In carrying out its functions, the Board must—
(a) comply with the principles of natural justice; and
(b) exhibit a sense of social responsibility by having regard to the interests of the community in which it operates.
Compare: 1971 No 155 ss 12, 62A