sec.131APayment of unclaimed major prizes into the Treasurer’s unclaimed moneys fund

### sec.131A Payment of unclaimed major prizes into the Treasurer’s unclaimed moneys fund This section applies to a prize in an approved lottery if— it is 3 months since the closure of the lottery; and the prize has not been claimed by the person entitled to it; and the prize has a value of at least the relevant amount. If it is a monetary prize, the lottery operator must pay the amount of the prize to the chief executive. If it is a non-monetary prize, the lottery operator must, as soon as practicable and in any case within 6 months after the closure of the lottery— dispose of the prize under section 131 ; and pay the amount of the proceeds, less the cost of disposal, to the chief executive. However, the chief executive may allow a longer time for disposal of a non-monetary prize if the chief executive considers it would be reasonable to do so having regard to all the circumstances including the nature of the prize. The chief executive must pay the amount received under subsection (2) or (3) into the Treasurer’s unclaimed moneys fund. If, after the amount is paid into the Treasurer’s unclaimed moneys fund, the lottery operator is required under section 130 to pay the prize, the lottery operator may give the chief executive a written request in the approved form to be repaid the amount. On receiving a request under subsection (6) , the chief executive must— pay the amount from the Treasurer’s unclaimed moneys fund; or if the amount has been paid into the consolidated fund under the Financial Accountability Act 2009 , section 97 —pay the amount from the consolidated fund without further appropriation. In this section— relevant amount means the amount, at least $500,000, prescribed under a regulation for this section. Treasurer’s unclaimed moneys fund means the fund by that name kept under the Financial Accountability Act 2009 , section 97 . value , of a prize, means— if it is a monetary prize consisting of 1 payment—the amount of the payment; or if it is a monetary prize consisting of 2 or more payments—the total amount of the payments; or if it is a non-monetary prize—the amount, or highest amount, claimed to be the prize’s value by the lottery operator in promotional material or other information made publicly available for the lottery. s 131A ins 2007 No. 22 s 50 amd 2009 No. 9 s 136 sch 1 (sec.131A-ssec.1) This section applies to a prize in an approved lottery if— it is 3 months since the closure of the lottery; and the prize has not been claimed by the person entitled to it; and the prize has a value of at least the relevant amount. (sec.131A-ssec.2) If it is a monetary prize, the lottery operator must pay the amount of the prize to the chief executive. (sec.131A-ssec.3) If it is a non-monetary prize, the lottery operator must, as soon as practicable and in any case within 6 months after the closure of the lottery— dispose of the prize under section 131 ; and pay the amount of the proceeds, less the cost of disposal, to the chief executive. (sec.131A-ssec.4) However, the chief executive may allow a longer time for disposal of a non-monetary prize if the chief executive considers it would be reasonable to do so having regard to all the circumstances including the nature of the prize. (sec.131A-ssec.5) The chief executive must pay the amount received under subsection (2) or (3) into the Treasurer’s unclaimed moneys fund. (sec.131A-ssec.6) If, after the amount is paid into the Treasurer’s unclaimed moneys fund, the lottery operator is required under section 130 to pay the prize, the lottery operator may give the chief executive a written request in the approved form to be repaid the amount. (sec.131A-ssec.7) On receiving a request under subsection (6) , the chief executive must— pay the amount from the Treasurer’s unclaimed moneys fund; or if the amount has been paid into the consolidated fund under the Financial Accountability Act 2009 , section 97 —pay the amount from the consolidated fund without further appropriation. (sec.131A-ssec.8) In this section— relevant amount means the amount, at least $500,000, prescribed under a regulation for this section. Treasurer’s unclaimed moneys fund means the fund by that name kept under the Financial Accountability Act 2009 , section 97 . value , of a prize, means— if it is a monetary prize consisting of 1 payment—the amount of the payment; or if it is a monetary prize consisting of 2 or more payments—the total amount of the payments; or if it is a non-monetary prize—the amount, or highest amount, claimed to be the prize’s value by the lottery operator in promotional material or other information made publicly available for the lottery. - (a) it is 3 months since the closure of the lottery; and - (b) the prize has not been claimed by the person entitled to it; and - (c) the prize has a value of at least the relevant amount. - (a) dispose of the prize under section 131 ; and - (b) pay the amount of the proceeds, less the cost of disposal, to the chief executive. - (a) pay the amount from the Treasurer’s unclaimed moneys fund; or - (b) if the amount has been paid into the consolidated fund under the Financial Accountability Act 2009 , section 97 —pay the amount from the consolidated fund without further appropriation. - (a) if it is a monetary prize consisting of 1 payment—the amount of the payment; or - (b) if it is a monetary prize consisting of 2 or more payments—the total amount of the payments; or - (c) if it is a non-monetary prize—the amount, or highest amount, claimed to be the prize’s value by the lottery operator in promotional material or other information made publicly available for the lottery.