South Australian Current Acts

STATE LOTTERIES ACT 1966 - SECT 16C

16C—Unclaimed Prizes Reserve

        (1)         The Commission must establish a reserve in the Lotteries Fund entitled the Unclaimed Prizes Reserve .

        (2)         On a prize being forfeited to the Commission (other than a prize in a special appeal lottery), the Commission must transfer the amount of the prize into the Unclaimed Prizes Reserve.

        (3)         The Unclaimed Prizes Reserve consists of—

            (a)         the amount held in the Lotteries Fund at the commencement of this section by way of unallocated forfeited prize money; and

            (b)         amounts transferred under subsection (2).

        (4)         The money held in the Unclaimed Prizes Reserve will be applied by the Commission as follows:

            (a)         of the amount held in the Reserve by way of amounts transferred under subsection (2)—

                  (i)         50 per cent of the amount derived from unclaimed prizes in sports lotteries or special lotteries will, at intervals determined by the Treasurer, be paid into the Recreation and Sport Fund; and

                  (ii)         50 per cent of the amount derived from unclaimed prizes in other lotteries will, at intervals determined by the Treasurer, be paid into the Hospitals Fund; and

            (b)         the balance in the Reserve will be applied by the Commission from time to time for the purposes of—

                  (i)         providing additional or increased prizes in a subsequent lottery or lotteries conducted by the Commission; or

                  (ii)         providing prizes in promotional lotteries conducted by the Commission; or

                  (iii)         making ex gratia payments under section 16D.

        (5)         If an ex gratia payment is made in respect of a prize in a sports lottery or a special lottery, the next payment made under subsection (4) into the Recreation and Sport Fund will be reduced by an amount equivalent to 50 per cent of the amount of the ex gratia payment.

        (6)         If an ex gratia payment is made in respect of a prize in any other lottery (including, to avoid doubt, a special appeal lottery), the next payment made under subsection (4) into the Hospitals Fund will be reduced by an amount equivalent to 50 per cent of the amount of the ex gratia payment.