Police to announce before 1 July 2012 permanent 4km/hour speed limit toleranceLIMIT.4KMH
- Symbol: LIMIT.4KMH
- Last Trade Price: $0.0000
- Last Trade Time:
29 Jun 12 12:00pm
- Today’s Volume: 0
- Average Daily Volume: 0.0
- Today’s Change:
- Start Date: 13 Jun 11
- Close Date: 30 Jun 12
- Status: Closed
This contract pays $1 if the NZ Police announce before 1 July 2012 that a policy of 4km/hour speed limit tolerance (or less) will apply at all times. Otherwise this contract pays $0.
This contract depends on the timing of an announcement, not when it will take effect.
Announcement must be definitive and made by a person holding suitable authority.
Policy must apply at minimum to most areas of the North and South Islands of NZ, and all or nearly all of the time.
Subject to the other terms of this contract, if another agency of the NZ Government announces this policy then that will be sufficient to close this contract at $1.
An announcement will be considered definitive even if a law change is required unless, in iPredict's sole opinion, there is reasonable doubt that the required law change will pass. iPredict reserves the right to delay closing a contract until a law change is completed.
In the event the Police or an agency of the NZ Government definitively announces there will be no permanent move to a policy of 4km/hour tolerance, then this contract will immediately close at $0. iPredict reserves the right to delay closing this contract even if this condition appears to have been met.
Dates and times in New Zealand time.
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.