Queensland Consolidated Regulations

LOTTERIES REGULATION 2007 - REG 17BA

17BA Bonus prize reserve

(1) If the rule provides for a stated part of the total subscriptions for a drawing of a lottery to be put aside to accumulate as part of a bonus prize reserve, the bonus prize reserve must, to the extent that it is not otherwise used for prizes under the rule, be distributed in payment of a prize or an additional prize in the lottery.

(2) However, if a lottery operator stops conducting a lottery (the
"former lottery" ) for which there is a bonus prize reserve, the lottery operator must, with the chief executive’s approval, distribute the bonus prize reserve for the former lottery in payment of a prize or an additional prize in another approved lottery.

(3) The lottery operator must identify the bonus prize reserve in the lottery operator’s accounting records as a bonus prize reserve until it is dealt with under subsection (1) or (2) .