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PUBLIC LOTTERIES ACT 1996 - SECT 26
Application of subscriptions to prize fund
26 Application of subscriptions to prize fund
(1) Out of the subscriptions received by a licensee in respect of a
public lottery conducted by the licensee, the licensee must pay into the prize
fund for the lottery an amount that, when added to any amount already applied
by the licensee or the licensee's agents to the payment of prizes won in the
lottery, is not less than the requisite percentage of the subscriptions for
the lottery.
(2) The requisite percentage is the percentage specified in the
conditions of the licence.
(3) In this section, a reference to subscriptions
includes, if the conditions of the licence so require, a reference to
commission payable in respect of those subscriptions.
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