4Art union gaming activities

4 Art union gaming activities

4 Art union gaming activities

The awarding of prizes by lot by an art union (an art union gaming activity) is a permitted gaming activity for the purposes of section 10 of the Act if the following requirements are complied with—

(a) not less than 30% of the gross proceeds of the gaming activity are paid to the benefiting organisation,

(b) the total value of all the prizes exceeds $30,000,

(c) the maximum amount of money payable as a separate prize does not exceed $30,000,

(d) the person conducting the activity holds an authority to do so that is in force and the activity is conducted in accordance with the authority.