The Parliamentary Counsel Office has made editorial and format changes to this version using the powers under subpart 2 of Part 3 of the Legislation Act 2019.

Note 4 at the end of this version provides a list of the amendments included in it.

These regulations are administered by the Department of Internal Affairs.

These regulations are made under section 73 of the Racing Industry Act 2020—

(a)

on the advice and with the consent of the Executive Council; and

(b)

on the recommendation of the Minister for Racing made after complying with section 73(4) of that Act.

1	Title
2	Commencement
3	Interpretation
4	Transitional, savings, and related provisions
	Distribution from betting profits
5	Distribution from betting profits
	Schedule 1 Transitional, savings, and related provisions
	Gazette Information
	Notes

Regulations

1 Title

These regulations are the Racing Industry (Distribution from Betting Profits) Regulations 2021.

2 Commencement

These regulations come into force on 1 August 2021.

3 Interpretation

(1)

In these regulations, unless the context otherwise requires,—

Act means the Racing Industry Act 2020

agreed period means a period jointly agreed between TAB NZ, Racing New Zealand, and Sport and Recreation New Zealand

available profits means the amount of betting profits available for distribution after applying section 73(2) of the Act

betting profits means TAB NZ’s betting profits for the previous racing year, as calculated in accordance with section 73(3) of the Act

gross betting revenue, means the amount of TAB NZ’s gross betting revenue in the previous racing year or other agreed period, as specified in TAB NZ’s latest annual report

Racing New Zealand means the body established by section 9 of the Act

TAB NZ means TAB New Zealand established by section 54 of the Act.

(2)

Terms used in these regulations and not defined, but defined in the Act, have the same meaning as in the Act.

4 Transitional, savings, and related provisions

The transitional, savings, and related provisions (if any) set out in Schedule 1 have effect according to their terms.

Distribution from betting profits

5 Distribution from betting profits

(1)

For the purposes of section 73(1) of the Act, TAB NZ must—

(a)

retain an amount that is equal to 2.5% of available profits for the purpose of carrying out its duties in relation to harm prevention and minimisation in respect of betting conducted under the Act; and

(b)

distribute the remainder of the available profits to—

(i)

Racing New Zealand (acting on behalf of the 2 racing codes in accordance with section 12 of the Act) in an amount that is equal to the percentage that racing betting has contributed to TAB NZ’s gross betting revenue; and

(ii)

Sport and Recreation New Zealand in an amount that is equal to the percentage that sports betting has contributed to TAB NZ’s gross betting revenue.

(2)

Distributions under subclause (1)(b) must be made on the date or dates agreed in writing between TAB NZ and the person to whom the distribution must be made.

Regulation 5(1)(b)(i): amended, on 1 August 2026, by section 27 of the Racing Industry (Closure of Greyhound Racing Industry) Amendment Act 2026 (2026 No 12).

Schedule 1 Transitional, savings, and related provisions

r 4

Part 1 Provisions relating to these regulations as made

There are no transitional, savings, or related provisions in these regulations as made.

Michael Webster,
Clerk of the Executive Council.

Issued under the authority of the Legislation Act 2019.

Date of notification in Gazette: 1 July 2021.

Notes

1 General

This is a consolidation of the Racing Industry (Distribution from Betting Profits) Regulations 2021 that incorporates the amendments made to the legislation so that it shows the law as at its stated date.

2 Legal status

A consolidation is taken to correctly state, as at its stated date, the law enacted or made by the legislation consolidated and by the amendments. This presumption applies unless the contrary is shown.

Section 78 of the Legislation Act 2019 provides that this consolidation, published as an electronic version, is an official version. A printed version of legislation that is produced directly from this official electronic version is also an official version.

3 Editorial and format changes

The Parliamentary Counsel Office makes editorial and format changes to consolidations using the powers under subpart 2 of Part 3 of the Legislation Act 2019. See also PCO editorial conventions for consolidations.

4 Amendments incorporated in this consolidation

Racing Industry (Closure of Greyhound Racing Industry) Amendment Act 2026 (2026 No 12): section 27

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Racing Industry (Distribution from Betting Profits) Regulations 2021