87Disposal of unclaimed prizes in a raffle

87 Disposal of unclaimed prizes in a raffle (1) This regulation applies if— (a) a winner does not claim a prize in a raffle; and (b) the person who conducted the raffle cannot, after reasonable efforts to do so, find a winner of the prize. (2) The community or charitable organisation to benefit from the raffle to which this regulation applies— (a) must ensure that the prize is retained for 3 months after the draw; or (b) if the prize is livestock or property of a perishable nature, may sell the prize in a way that brings a reasonable price and retain the proceeds (after deducting the reasonable costs of the sale) for 12 months after the draw. (3) If a prize or proceeds of the sale of a prize retained under subregulation (2) remain unclaimed after a period of 12 months after the draw of the raffle, the community or charitable organisation must— (a) sell or otherwise dispose of the prize if this has not already been done; and (b) after deducting the reasonable costs of the sale or disposal, pay the proceeds to the Treasurer for payment into the Consolidated Fund. Division 7—Commercial raffle organisers