DVD copies of field footage of the meeting between National Party leader Key and Act's Epsom candidate Banks at a Newmarket cafe earlier this month were handed to police this afternoon.
Earlier this afternoon, Justice Helen Winkelmann refused to rule on whether the "teapot tapes" taken by freelance cameraman Bradley Ambrose and given to the Herald on Sunday and TV3 were illegal.
She said granting a court declaration would prejudice the ongoing police investigation into the tapes, which feature a conversation between Prime Minister John Key and Act candidate John Banks.
Justice Winkelmann said the facts of the case were still contested.
"I have not reached any view on whether this was a private communication," Justice Winkelmann said in her decision.
"Indeed my decision turns upon the inadequacy of the evidentiary material before me to reach such a view, and in any event, the inappropriateness of my undertaking a mini trial as to whether certain conduct constituted a criminal offence ... in advance of a police investigation or trial."
The decision means legal doubt remains over whether the conversation between Prime Minister John Key and Act's John Banks was private, and it may be illegal to publish the tape.
Up until now media with copies of the tape or a transcript have been reluctant to publish because of the risk of legal action.
The decision also opens the door to police to execute search warrants on TV3, Television NZ, Radio NZ and the NZ Herald, including the Herald on Sunday; police had wanted to conduct the searches on Monday, but decided to wait until after the court's decision.
Cameraman Bradley Ambrose, who recorded the conversation, was seeking a declaration in the Auckland High Court on whether the conversation was private.
It is at the court's discretion to grant a declaration.
The main issue was not whether the conversation was private, but whether such a declaration would interfere with the police investigation, which began after Mr Key laid a complaint.
Yesterday Solicitor-General David Collins, QC, appearing for the Crown, told the court a declaration would be outside the court's jurisdiction because it was proper for police to conduct its affairs independently and objectively.
But Ambrose's lawyer Davey Salmon replied that the declaration would not be binding, nor would it prevent the police from bringing a case to be tested in a criminal court.
He and TV3 lawyer Julian Miles, QC, agreed that the conversation was public, conducted in the middle of a "political theatre" to which media were invited.
Mr Miles also argued that the tape was in the public interest.
"There is a duty on the media in these circumstances to bring significant information to the electors."
Mr Salmon said no one at the event was asked not to listen to the conversation or not to record it - despite the request to remove recording devices from the table.
The court viewed raw camera footage showing a print journalist in the cafe doorway close enough to listen and to record.
Mr Collins replied that the assertions from Ambrose, who claims he recorded the conversation accidentally, were contested.
He said two people were entitled to a private conversation regardless of whether it took place within the context of a political event.