14Prize winning cheques

14 Prize winning cheques

14 Prize winning cheques

(1) A person, other than a bank or authorised deposit-taking institution, must not accept the transfer of a cheque that the person knows, or could reasonably be expected to know, is a prize winning cheque.

Maximum penalty—100 penalty units.

(2) Without limiting subclause (1), a person who accepts the transfer of a prize winning cheque in, or within 500m of, a casino is taken to know that the cheque is a prize winning cheque unless the contrary is proven.

(3) A person must not issue a prize winning cheque unless—

(a) it is clearly identified as a prize winning cheque, and

(b) the following statement appears on the cheque—

Prize winning cheque—cashing rules apply

Maximum penalty—500 penalty units.

(4) In this clause—

crossed cheque means a cheque crossed as referred to in the Cheques Act 1986 of the Commonwealth, section 53.

prize winning cheque means a crossed cheque that is paid by a casino as prize money to a person as a result of one or both of the following on a single occasion—

(a) the person winning money on a gaming machine or winning a non-monetary prize that the person has, as referred to in the Act, section 66(4), chosen to be paid in money,

(b) the person accumulating credits on a gaming machine.

cl 14: Rep 2022 No 36, Sch 2[3]. Ins 2024 (374), Sch 1[5].