South Australian Consolidated Regulations

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AUTHORISED BETTING OPERATIONS REGULATIONS 2001 - REG 12

12—Unclaimed winnings on bets made with licensed bookmaker

        (1)         A licensed bookmaker must, not later than 3.00 p.m. on each Thursday, pay to the Treasurer to be credited to the Consolidated Account the amount of any unclaimed winnings on bets the outcome of which was determined during the 7 days commencing at the beginning of the Thursday 2 weeks before.

        (2)         If a payment has been made under subregulation (1) in respect of unclaimed winnings on a bet, the Treasurer may pay the amount of the winnings from the Consolidated Account (which is appropriated to the necessary extent) to the licensed bookmaker with whom the bet was made or the person entitled to be paid the winnings if—

            (a)         in the case of payment to the licensed bookmaker—the Treasurer is satisfied that the bookmaker has, since the payment to the Treasurer in respect of the bet, paid the amount of the winnings to the person entitled to be paid the winnings on the bet; and

            (b)         in the case of payment to the person entitled to be paid the winnings—the Treasurer is satisfied that the person is so entitled and has not made a claim to the licensed bookmaker for payment of the winnings or has made such a claim but payment has been refused; and

            (c)         in any case—

                  (i)         the Treasurer has not made payment of the amount of the winnings to any other person; and

                  (ii)         the Treasurer is satisfied that no other person has a valid claim to be paid the winnings.

        (3)         In this regulation—

"licensed bookmaker" includes a person who was formerly a licensed bookmaker.



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