Don Brash to lead ACT before next General ElectionACT.BRASH.11
- Symbol: ACT.BRASH.11
- Last Trade Price: $1.0000
- Last Trade Time:
30 Apr 11 12:00am
- Today’s Volume: 20
- Average Daily Volume: 0.0
- Today’s Change:
- Start Date: 24 Apr 11
- Close Date: 26 Nov 11
- Status: Closed
This contract pays $1 if Don Brash becomes leader of the ACT Party any time before the next General Election. Otherwise this contract pays $0.
This contract will immediately close at $1 if it is definitively announced by a person holding suitable authority that Dr Brash will lead the ACT Party taking effect before the next NZ General Election.
This contract will immediately close at $0 if either (or both) of the following conditions are met:
a) Dr Brash (or a person speaking with his authority) definitively announces he will not challenge for the ACT leadership, or that he will not challenge for the ACT leadership before the next General Election
b) Mr Hide or Dr Brash (or a person speaking with the authority of one or both) announces there has been a formal challenge for the ACT leadership by Dr Brash and the challenge has failed.
This contract will close on Election Day if no announcement meeting the above criteria is made.
For the purposes of this contract 'next' refers to the first NZ General Election after the launch of this contract.
The contract refers to the party currently called Act New Zealand registered on the Register of Political Parties and listed at here. The contract is unaffected should that party change is name.
Clarification 25/4: In the event Dr Brash is appointed a co-leader of ACT (or joint leader or a poition to that effect) before the next General Election, this contract will pay $1.
This contract will be closed no later than 3 working days after the Close Date. The Close Date may be extended if the event outcome cannot be determined by that date.