New South Wales Consolidated Acts

TOTALIZATOR ACT 1997 - SECT 75

75 Unclaimed dividends, refunds and roundings

(1) This section applies to the following amounts--

(a) any dividend declared, or other amount refundable to an investor in accordance with the regulations or rules, in respect of an event or contingency on which a licensee conducts a totalizator that is not claimed after the happening of the event or contingency,

(b) roundings (a rounding being an amount that would ordinarily form part of a dividend but that is retained by the licensee as a result of the rounding down of an amount calculated as dividend).

(2) The licensee is, subject to this section, entitled to all amounts to which this section applies.

(3) An investor who is entitled to a dividend or other amount referred to in subsection (1)(a) can claim the dividend or amount from the licensee within 12 months after the happening of the event or contingency concerned.