Bonus prize reserve
17BA Bonus prize reserve
If the rule provides for a stated part of the total subscriptions for a drawing of a lottery to be put aside to accumulate as part of a bonus prize reserve, the bonus prize reserve must, to the extent that it is not otherwise used for prizes under the rule, be distributed in payment of a prize or an additional prize in the lottery.
However, if a lottery operator stops conducting a lottery (the former lottery) for which there is a bonus prize reserve, the lottery operator must, with the chief executive’s approval, distribute the bonus prize reserve for the former lottery in payment of a prize or an additional prize in another approved lottery.
The lottery operator must identify the bonus prize reserve in the lottery operator’s accounting records as a bonus prize reserve until it is dealt with under subsection (1) or (2).
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