16B—Unclaimed prizes
(1) If a prize in a
lottery has not been collected or taken delivery of within 12 months (or, in
the case of a special appeal lottery, such shorter period as may be specified
by the Minister under section 13AB(3)) of the relevant day, the prize is
forfeited to the Commission.
(2) For the purposes
of this section—
(a) if a
cheque has been issued by the Commission in payment of a prize in a lottery,
the prize will not be regarded as having been collected or taken delivery of
if the cheque has not been presented for payment; and
(b) a
reference to the relevant day is—
(i)
in relation to a lottery where the winning entries in the
lottery are determined on the same day according to some procedure carried out
by or on behalf of the Commission—a reference to the day on which the
winning entries are so determined; or
(ii)
in relation to any other lottery—a reference to the
day determined under the rules of the Commission applying in relation to the
lottery to be the relevant day for the purposes of this section.
(4) For the purposes
of this section, a reference to a prize being collected or taken delivery of
includes, in the case where a prize is to be paid in installments, the
collection or taking delivery of the first installment.