34Unredeemed gaming credits—expiry after 1 year

34 Unredeemed gaming credits—expiry after 1 year (1) This section applies if there are gaming credits on a player’s cashless gaming card 1 year after the day the player last used the card. (2) The gaming credits expire and can no longer be redeemed. (3) The licensee holding the gaming credits must distribute funds equivalent to the expired credits to patrons of the licensee’s authorised premises— (a) by adding the funds to an existing linked-jackpot arrangement or to a stand-alone progressive jackpot at the premises where the gaming credits were accumulated; or (b) by using a lottery conducted under the Lotteries Act 1964 at the premises where the gaming credits were accumulated; or (c) in a way approved, in writing, by the commission. (4) If funds equivalent to the expired gaming credits are to be distributed under subsection (3) (c), the licensee must apply to the commission for approval within 12 months after the day the credits expire. (5) If funds equivalent to the expired credits have not been distributed under subsection (3) before the end of the financial year following the financial year in which the gaming credits expire, the funds are forfeited to the gambling harm prevention and mitigation fund. (6) In this section: stand-alone progressive jackpot means a stand-alone progressive jackpot function integrated with a gaming machine that contributes a percentage of the gaming machine’s turnover to the stand-alone progressive jackpot’s pool. An unknown patron’s gaming credits for Club Z expire on 16 December 2017. Club Z does not distribute funds equivalent to the expired gaming credits before