NSWIn ForceRegulation
Gaming Machines Regulation 2019
89Guarantee of prize payments from authorised progressive machines and systems
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#### 89 Guarantee of prize payments from authorised progressive machines and systems
89 Guarantee of prize payments from authorised progressive machines and systems
> If the prize pool on an authorised progressive gaming machine or authorised progressive system on the premises of a registered club exceeds $20,000, the club must—
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> > (a) establish with a financial institution a special account which is to have, at the time of each progressive jackpot reconciliation required under this Division, a balance equal to or greater than the total value of the progressive meters on each such authorised progressive gaming machine or system, or
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> > (b) obtain, on the installation of the authorised progressive gaming machine or system, a formal guarantee from a financial institution for an amount equal to the maximum jackpot on each such gaming machine or system.
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> Maximum penalty—50 penalty units.