substitute
23 Other cash payment limits
(1) A licensee must not, for a particular event or contingency on which a gambling patron has staked or risked money, pay the patron winnings in cash that are more than the amount worked out under table 1.23.
Table 1.23
column 1 item |
column 2 type of licensee |
column 3 maximum cash payable |
---|---|---|
1 | bookmaker | $20 000 |
2 | ACTTAB | $20 000 |
3 | lotteries | $4 000 |
4 | gaming machine | $1 200 |
5 |
housie and keno | $1 000 |
Example
A gambling patron wins $30 000 on ACTTAB on race 3 Flemington Racecourse. The person must not be paid more than $20 000 in cash and must be paid any balance by cheque or electronic funds transfer. However, the person can be paid winnings in cash of not more than $20 000 if the person wins on a subsequent race.
Note An example is part of the regulations, is not exhaustive and may extend, but does not limit, the meaning of the provision in which it appears (see Legislation Act, s 126 and s 132).
(2) To remove any doubt, subclause (1) does not prevent the payment of winnings, in excess of the maximum amount payable in cash, in any other way.
(3) In this clause:
"winnings", from a gaming machine, includes all accumulated credits on the machine (whether the credits were added by machine play or by a person adding credits to the machine).