New Zealand to lower legal blood alcohol driving limit from 0.08% to 0.05% by 1 July 2011ALC.LIMIT.05
- Symbol: ALC.LIMIT.05
- Last Trade Price: $0.0000
- Last Trade Time:
26 Jul 10 12:00am
- Today’s Volume: 2,110
- Average Daily Volume: 0.0
- Today’s Change:
- Start Date: 27 Apr 10
- Close Date: 1 Jul 11
- Status: Closed
This contract pays $1 if the legal adult blood alcohol driving limit in New Zealand is reduced from 0.08% to 0.05% (or less) by 1 July 2011. Otherwise this contract pays $0.
This contract refers to the maximum blood alcohol content permitted for an adult to legally operate a motor vehicle on public roads in New Zealand.
The purpose of this contract is to measure expectations for government policy on the drink driving legal limit.
iPredict will only consider a definitive statement of change in the drink driving legal limit as relevant. iPredict will not consider as definitive words to the effect that the government "is considering" or "is very likely to" change the legal blood alcohol limit while driving.
Unless contradicted by a definitive statement, iPredict will assume a change in the legal blood alcohol limit while driving scheduled for prior to 1 July 2011 will be in effect on 1 July 2011.
Absent any definitive statement either way, iPredict will close this contract on 1 July 2011.
iPredict reserves the right to seek clarification from the Minister before closing this contract.
For the purposes of this contract, 'adult' refers to the rate that would apply to a fifty year old person.Clarification 27/4: reference and definition of 'audlt' added to contract.
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.