sec.95Dealing with prizes

sec.95 Dealing with prizes

A person conducting a game must ensure the prize for the game is given to the winner in the way prescribed under a rule, unless the person has a reasonable excuse for not doing so. Maximum penalty—200 penalty units. Until the prize is given to the winner, the person must— keep it for the winner for the period prescribed under a rule; and identify the prize as an unclaimed prize in the person’s financial accounts. Despite subsection (2) , if a prize is perishable, the person may dispose of the prize in a way the person considers will bring a reasonable price and identify the proceeds, in the person’s financial accounts, as the proceeds of an unclaimed prize. If the person is unable, after making reasonable efforts, to locate the prize winner in the period mentioned in subsection (2) (a) , the person may deal with the prize in the way prescribed under a rule. Subsection (6) applies if a person conducting a category 2, 3 or 4 game is unable to give a prize for the game to the prize winner in the time prescribed under a rule. The person must, within 7 days after becoming aware of the inability, give the chief executive notice of the fact and circumstances of the inability, unless the person has a reasonable excuse for not doing so. Maximum penalty—40 penalty units. (sec.95-ssec.1) A person conducting a game must ensure the prize for the game is given to the winner in the way prescribed under a rule, unless the person has a reasonable excuse for not doing so. Maximum penalty—200 penalty units. (sec.95-ssec.2) Until the prize is given to the winner, the person must— keep it for the winner for the period prescribed under a rule; and identify the prize as an unclaimed prize in the person’s financial accounts. (sec.95-ssec.3) Despite subsection (2) , if a prize is perishable, the person may dispose of the prize in a way the person considers will bring a reasonable price and identify the proceeds, in the person’s financial accounts, as the proceeds of an unclaimed prize. (sec.95-ssec.4) If the person is unable, after making reasonable efforts, to locate the prize winner in the period mentioned in subsection (2) (a) , the person may deal with the prize in the way prescribed under a rule. (sec.95-ssec.5) Subsection (6) applies if a person conducting a category 2, 3 or 4 game is unable to give a prize for the game to the prize winner in the time prescribed under a rule. (sec.95-ssec.6) The person must, within 7 days after becoming aware of the inability, give the chief executive notice of the fact and circumstances of the inability, unless the person has a reasonable excuse for not doing so. Maximum penalty—40 penalty units.

• (a) keep it for the winner for the period prescribed under a rule; and
• (b) identify the prize as an unclaimed prize in the person’s financial accounts.