sec.20Player’s account

sec.20 Player’s account

A player’s account is an account— in the name of the player— at a financial institution; or with a body prescribed under a regulation; and against which the licensed provider has a right to debit the amount of a wager. A player’s account must be established on the basis mentioned in this section. A player’s account must be established on a basis under which, while the player is an unrestricted player, the player may only have direct recourse to the funds in the account— to obtain the balance of funds in the account and close the account; or to obtain the whole or part of the amount paid into the account as a prize in an authorised game; or as authorised by the licensed provider or chief executive. Also, a player’s account must be established on a basis under which, while the player is a restricted player, the player may not— have recourse to funds in the account to obtain the whole or part of the balance of the funds in the account; or close the account if there is a balance standing to the credit of the account. Subsection (4) applies whether the balance— consists of amounts deposited into the account by the player ( deposited amounts ); or consists of amounts paid into the account as prizes in authorised games ( winnings ); or consists partly of deposited amounts and partly of winnings. s 20 amd 1999 No. 77 s 173 (sec.20-ssec.1) A player’s account is an account— in the name of the player— at a financial institution; or with a body prescribed under a regulation; and against which the licensed provider has a right to debit the amount of a wager. (sec.20-ssec.2) A player’s account must be established on the basis mentioned in this section. (sec.20-ssec.3) A player’s account must be established on a basis under which, while the player is an unrestricted player, the player may only have direct recourse to the funds in the account— to obtain the balance of funds in the account and close the account; or to obtain the whole or part of the amount paid into the account as a prize in an authorised game; or as authorised by the licensed provider or chief executive. (sec.20-ssec.4) Also, a player’s account must be established on a basis under which, while the player is a restricted player, the player may not— have recourse to funds in the account to obtain the whole or part of the balance of the funds in the account; or close the account if there is a balance standing to the credit of the account. (sec.20-ssec.5) Subsection (4) applies whether the balance— consists of amounts deposited into the account by the player ( deposited amounts ); or consists of amounts paid into the account as prizes in authorised games ( winnings ); or consists partly of deposited amounts and partly of winnings.

• (a) in the name of the player— (i) at a financial institution; or (ii) with a body prescribed under a regulation; and
• (i) at a financial institution; or