Funds in players' accounts to be remitted on demand
53 Funds in players' accounts to be remitted on demand
(1) An internet gaming licensee must, at the request of the registered player in whose name a player's account is established, remit the funds standing to the credit of the account to the player as soon as practicable after receipt of the request.
Maximum penalty: 15 penalty units.
An amount may only be remitted by a licensee to a player:
in an approved manner; and
in accordance with the licensee's approved control system.
Maximum penalty: 15 penalty units.
(3) An internet gaming licensee may, before remitting funds to a player in accordance with subregulation (1), take such time as is reasonably necessary for the purposes of:
verifying the player's registration as a player;
verifying the playing of a game by the player;
(c) conducting security and other internal procedures in relation to the player or the player's account; and
(d) ensuring that the rules that are approved relating to the award of prizes to players have been complied with.
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