Queensland Consolidated Acts Queensland Consolidated Acts(1) This section applies if a person stops being a lottery operator.
(2) This section applies in relation to the following approved lotteries conducted by the person (relevant lotteries)—
(a) a lottery that closed within 7 years before the person stopped being a lottery operator;
(b) another lottery for which there is any prize money that the person has not paid but is required to pay (including amounts the person is required to pay at a later time).
Example for paragraph (b)—
a lottery, closed 10 years ago, for which the prize consisted of a particular amount paid to the prize winner at the end of each year for 20 years
(3) The person must pay to the chief executive the amount of all the prize money for relevant lotteries that has not been—
(a) paid to someone entitled to it as a prize under this Act; or
(b) paid to the chief executive under this Act; or
(c) used for a prize or additional prize, or in another way, under section 132.
(4) If the person has used an amount for a prize or additional prize, or in another way, under section 132, the chief executive may—
(a) decide, on the advice of an actuary, the amount of prizes for relevant lotteries that has not yet been claimed under this Act but is likely to be claimed (the likely claims amount); and
(b) if the amount the person has paid to the chief executive is less than the likely claims amount, give the person a notice stating—
(i) the likely claims amount; and
(ii) how the likely claims amount was decided; and
(iii) that the person must make a further payment to the chief executive to meet the likely claims amount; and
(iv) the day, not less than 30 days after the notice is given, by which the person must make the payment; and
(v) that the person may apply, as provided under the QCAT Act, to the tribunal for a review of the decision about the likely claims amount; and
(vi) how the person may apply for the review.
(5) The person must comply with a notice under subsection (4)(b).
(6) A reference in subsection (3) to prize money includes an amount held after dealing with a non-monetary prize under section 131.
(7) The person must give to the chief executive anything other than money that—
(a) is a prize for a relevant lottery; and
(b) has not been given to someone entitled to it under this Act; and
(c) has not been dealt with under section 131.
(8) Sections 129 to 131 apply, as if the chief executive were the lottery operator, in relation to prizes for relevant lotteries that have been paid or given to the chief executive under this section.
(9) Amounts received by the chief executive are to be paid into the consolidated fund.
(10) If, after an amount of a prize is paid into the consolidated fund under this section, the chief executive is required under section 130 to pay the prize, the chief executive must pay the amount from the consolidated fund without further appropriation.