reg 51
In forceProcedure for keeping, maintaining, increasing or renewing a wagering account
51 Procedure for keeping, maintaining, increasing or renewing a wagering account
(1)
A separate record is to be kept by RWWA of each wagering account and of the amount of the wagers made against it and of all transactions on that account, for a period of not less than 5 weeks.
(2)
A wagering account may be maintained, increased or renewed by the payment of further moneys or by the credit of winning dividends or other amounts to the account.
(3)
Where cheques are received as a deposit, no wager against that deposit is to be accepted by RWWA until the cheque is paid by the financial institution on which it is drawn.
[Regulation 51 inserted: Gazette 30 Jan 2004 p. 378.]
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