Unclaimed money
18 Unclaimed money
For the Act, section 100 (1), if a player cannot be found, a licensed provider must remit the balance remaining in the player’s account into a trust bank account.
For the Act, section 120 (2) (c) (iii), if there is no current player’s account and the licensed provider is unaware of the whereabouts of a former player, the licensed provider must pay the remainder of the proceeds into a trust bank account.
Any amount paid into a trust bank account under subsection (1) or (2) must, at the end of 1 year after the day when the amount was so paid, be dealt with by the provider as the commission, in writing, directs.
Dictionary
(see s 2)
Note 1 The Legislation Act contains definitions and other provisions relevant to this regulation.
Note 2 In particular, the Legislation Act, dict, pt 1, defines the following terms:
• ACT
• Commonwealth
• document
• financial year
• GST
• home address
• lawyer
• month.
Note 3 Terms used in this regulation have the same meaning that they have in the Interactive Gambling Act 1998 (see Legislation Act, s 148.) For example, the following terms are defined in the Interactive Gambling Act 1998, dict:
• agent (see s 6)
• authorised game (see s 10)
• licensed provider
• player.
accounting and auditing computer system means a computer system used by a licensed provider to record or check 1 or more of the following in an authorised game:
the wagers made by players;
other amounts received from players;
the amount paid to players;
the authentication of players;
game play information;
the prizes (monetary and non-monetary) to be won.
certified copy, in relation to a document, means a copy of the document certified by a lawyer, a justice of the peace or a notary public for the ACT or elsewhere, as a true copy.
citizenship certificate, for a person, means a certificate, declaration, notice or other instrument of the person’s nationality under the Australian Citizenship Act 2007 (Cwlth) or the Australian Citizenship Act 1948 (Cwlth) (repealed).
end-user device means computer software or hardware necessary to—
enable a player to make a wager in an authorised game; or
inform the player of the result of an authorised game.
gross profit, in relation to an authorised game, means the difference between the gambling turnover and the value of the total amount of prizes won in the game.
interactive computer system means a computer system used for the conduct of interactive games by a licensed provider.
interactive network controller means a device electronically linking an interactive computer system to an end-user device.
non-participating jurisdiction means—
a State or another Territory that is not declared to be a participating jurisdiction; and
a country other than Australia.
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