(1) Moneys payable in
respect of dividends, refunds or of any balance of a wagering account may at
the option of RWWA be paid to an account nominated by the depositor by bank
transfer or otherwise or may be remitted to the address of the depositor at
the address given by the depositor to RWWA.
(2) Any exchange,
poundage or postage payable on any moneys relating to a wagering account may
be charged to the person entitled to the moneys, and may be deducted by RWWA
from the account.
(3) In respect of
remittances or correspondence passing to and from RWWA and depositor, the
depositor is to accept all risks, losses, delays, errors or omissions that may
occur in the ordinary course of post and RWWA is not required to send any
remittance or correspondence by registered post.
(4) The transfer or
posting of moneys by RWWA to an account nominated or the address given by the
depositor to RWWA for the purpose is to be at the sole risk of the depositor.
(5) RWWA is not
responsible for any loss to a depositor arising from —
(a) the
unauthorised use of a depositor’s wagering account by any person other
than RWWA, its employees or agents; or
(b)
delay or no delivery of any moneys transferred or posted on to the depositor
by RWWA.
(6) Where, because of
an error, oversight or system malfunction a debit balance arises as the result
of a wager made by the depositor at a time when there is an insufficient
credit balance in the wagering account to properly accommodate the wager RWWA
may disallow, either in whole or in part, any credit, either by way of
dividends or refunds, arising from the wager and may allow the debit to the
depositor’s wagering account on that wager to remain.
[Regulation 55 inserted: Gazette
30 Jan 2004 p. 379‑80.]