A sports bet stands and no refund is payable if –

(a) the sports bet is made in respect of a competitor that is later scratched or withdrawn from, or disqualified from entering, the relevant event; and

(b) following the time of scratching, withdrawal or disqualification, the relevant event is postponed; and

(c) the relevant event is not held within the 8-day period immediately following the day on which, but for the postponement, it was to have been held.

Subdivision 5 - Settlement of sports bets