Queensland Consolidated Acts

INTERACTIVE GAMBLING (PLAYER PROTECTION) ACT 1998 - SECT 157

157 Disposal of unclaimed non-monetary prizes

(1) This section applies to a non-monetary prize in an authorised game conducted by a licensed provider that is not collected within 3 months after notification of the place at which it may be collected.

(2) The licensed provider—

(a) may dispose of the prize by public auction or tender or in some other way approved by the chief executive; and

(b) may pay for the disposal from the proceeds of sale; and

(c) must—

(i) pay the remainder of the proceeds into the relevant player’s account; or

(ii) if there is no current player’s account—remit the remainder of the proceeds to the former player; or

(iii) if there is no current player’s account and the licensed provider is unaware of the whereabouts of the former player—pay the remainder of the proceeds into an account at the department designated under a regulation as the account to which payments are to be made under this subparagraph.