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INTERACTIVE GAMBLING (PLAYER PROTECTION) ACT 1998 - SECT 20
Player’s account
20 Player’s account
(1) A
"player’s account" is an account— (a) in the name of the player— (i) at
a financial institution; or
(ii) with a body prescribed under a regulation;
and
(b) against which the licensed provider has a right to debit the amount
of a wager.
(2) A player’s account must be established on the basis
mentioned in this section.
(3) A player’s account must be established on a
basis under which, while the player is an unrestricted player, the player may
only have direct recourse to the funds in the account— (a) to obtain the
balance of funds in the account and close the account; or
(b) to obtain the
whole or part of the amount paid into the account as a prize in an
authorised game; or
(c) as authorised by the licensed provider or chief
executive.
(4) Also, a player’s account must be established on a basis
under which, while the player is a restricted player, the player may not—
(a) have recourse to funds in the account to obtain the whole or part of the
balance of the funds in the account; or
(b) close the account if there is a
balance standing to the credit of the account.
(5) Subsection (4) applies
whether the balance— (a) consists of amounts deposited into the account by
the player (
"deposited amounts" ); or
(b) consists of amounts paid into the account as
prizes in authorised games (
"winnings" ); or
(c) consists partly of deposited amounts and partly of
winnings.
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