Division of jackpot trust account on ending arrangement
62 Division of jackpot trust account on ending arrangement
As soon as practicable after the linked-jackpot arrangement ends, the person who was the permit-holder (the former permit-holder) must try to reach a written agreement with each person who was a linked licensee (the former linked licensees) about the distribution of the remaining balance of the jackpot trust account.
If agreement is not reached within 4 weeks after the day the linked‑jackpot arrangement ends, the former permit-holder must give the commission a written recommendation about the distribution of the remaining balance of the jackpot trust account between the former linked licensees.
If the commission is given a recommendation under subsection (2), the commission must—
consider the recommendation; and
decide the distribution of the remaining balance of the jackpot trust account; and
tell the former permit-holder about the decision.
As soon as practicable after a distribution is agreed or decided, the former permit-holder must give each of the former linked licensees the amount to be distributed to the licensee from the jackpot trust account.
In this section:
remaining balance of the jackpot trust account does not include any amount won under the linked-jackpot arrangement or uncollected from the linked jackpot.
Part 8A Restrictions on cash facilities—Act, s 178 (2) (c)
Note For other restrictions on cash facilities, see the Act, s 153 and s 153A.
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