17—Value of prizes to be offered
(1) The Commission
must offer as prizes in any lottery (other than a special appeal lottery)
conducted under this Act not less than the prescribed percentage of the value
of the tickets offered for sale in that lottery.
(1a) The Commission
must offer as prizes in each special appeal lottery the amount (whether
expressed as a percentage of the value of the tickets sold or otherwise)
specified by the Minister for the purposes of the lottery.
(2) However, the
Commission may offer as prizes in a lottery (other than a special appeal
lottery) less than the prescribed percentage of the value of the tickets
offered for sale in the lottery but, if it does so, a portion of the money
received by the Commission equal to the difference between the value of those
prizes and the prescribed percentage of the value of those tickets must be
applied for or towards the payment of any of the following:
(a)
prizes in respect of missed prize entries for lotteries conducted by
the Commission;
(b)
additional prizes or increased prizes in subsequent lotteries conducted by
the Commission.
(2a) However,
the Commission must not apply money to pay a prize in respect of a
missed prize entry unless—
(a) the
entry is recorded on the central computer system of the Commission; and
(b) the
entry was included in the prize pool for the lottery; and
(c) the
entry contains a combination of winning numbers; and
(d) the
prize claim in respect of the entry was lodged with the Commission within the
period for claiming prizes (as set out in the rules of the Commission).
(3) In determining, in
relation to a lottery, whether an amount is to be applied for the purpose of
additional or increased prizes in a subsequent lottery or lotteries, any
amount applied for the purpose of additional or increased prizes in that
firstmentioned lottery, pursuant to subsection (2) or section 16C,
must be disregarded.
"missed prize entry" means an entry in a lottery that was incorrectly omitted
from the winning entries in relation to a particular class of prizes;
"prescribed percentage" means—
(a) in
relation to a sports lottery or a special lottery—a percentage
determined by the Commission from time to time;
(b) in
relation to any other lottery—60%.
(5) The percentage
determined by the Commission for the purposes of subsection (4)—
(a) may
vary according to the class of lottery; and
(b) must
not be less than a percentage determined by the Minister from time to time in
relation to the particular class of lottery.