Commonwealth Consolidated Acts

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INTERACTIVE GAMBLING ACT 2001 - SECT 61GD

When an outstanding or pending bet is resolved

  (1)   For the purposes of this Part:

  (a)   if an outstanding or pending bet turns out to be a winning bet--the bet is resolved when the bet is settled; and

  (b)   if an outstanding or pending bet turns out to be a losing bet--the bet is resolved when it becomes clear that the bet is a losing bet; and

  (c)   if the bettor becomes entitled to a refund of the bet--the bet is resolved when it becomes clear that the bettor has become entitled to a refund of the bet.

  (2)   For the purposes of paragraph   (1)(c), it is immaterial whether a refund is or will be made by way of a credit to a licensed interactive wagering service account.



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