120Disposal of unclaimed non-monetary prizes

120 Disposal of unclaimed non-monetary prizes (1) This section applies if a non-monetary prize in an authorised game conducted by a licensed provider has not been collected within 3 months after notification to the winner of the place where it may be collected. (2) If this section applies, the licensed provider— (a) may dispose of the prize by public auction or tender or in some other way approved by the commission; and (b) may pay for the disposal from the proceeds of sale; and (c) must— (i) pay the remainder of the proceeds into the relevant player’s account; or (ii) if there is no current player’s account—remit the remainder of the proceeds to the former player; or (iii) if there is no current player’s account and the licensed provider is unaware of the whereabouts of the former player—deal with it in accordance with the regulations.

Prizes Division 7.11