Racing Industry Bill

  • enacted
38 Regulations relating to funding

(1)

This section applies if TAB NZ and the Board are unable to agree under section 37 on the amount of funding required by the Board in a racing year to perform its functions under this Act efficiently and effectively.

(2)

The Governor-General may, by Order in Council made on the recommendation of the Minister, make regulations prescribing the amount or the method to be used for determining the amount of funding that must be provided by TAB NZ to the Board for that racing year for the purpose of performing its functions under this Act.