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Contract Details

Len Brown to be elected Mayor of Auckland

Len Brown to be elected Mayor of Auckland

LB13.AKL.BROWN
Contract Info 
  • Symbol: LB13.AKL.BROWN
  • Last Trade Price: $1.0000
  • Last Trade Time:
    12 Oct 13 12:00am
  • Today’s Volume: 131
  • Average Daily Volume: 0.0
  • Today’s Change:
    NC (0.00%) 
  • Start Date: 18 Jan 12
  • Close Date: 14 Oct 13
  • Status: Closed

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Long Description

This contract pays $1 if Len Brown is elected Mayor of Auckland in the next local body elections. Otherwise this contract pays $0.

Judging Criteria 

This contract will immediately close at $0 if Mr Brown definitively announces he will not be a candidate for the Auckland mayoralty at the next local body elections.

This contract will close at $0 if Mr Brown departs from the Auckland mayoralty for any reason prior to the end of this term and does not definitively indicate he will be a candidate for Mayor of Auckland in the next local body elections within 48 hours of the announcement of his departure.

In the event the Auckland City Council amalgamates with one or more other city councils, this contract will follow the amalgamated body. If Auckland City Council is re-named this contract will follow the re-named body.

For the purposes of this contract, "next local body elections" refers to the first local body election which decides the Auckland mayoralty which occurs after the launch of this 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.