Australian Capital Territory Numbered Regulations

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GAMING MACHINE REGULATIONS 2004 (NO 30 OF 2004) - REG 62

Division of jackpot trust account on ending arrangement

    (1)     As soon as practicable after the linked jackpot arrangement ends, the person who was the permit-holder (the former permit-holder ) must try to reach a written agreement with each person who was a linked licensee (the former linked licensees ) about the distribution of the remaining balance of the jackpot trust account.

    (2)     If agreement is not reached within 4 weeks after the day the linked jackpot arrangement ends, the former permit-holder must give the commission a written recommendation about the distribution of the remaining balance of the jackpot trust account between the former linked licensees.

    (3)     If the commission is given a recommendation under subregulation (2), the commission must—

        (a)     consider the recommendation; and

        (b)     decide the distribution of the remaining balance of the jackpot trust account; and

        (c)     tell the former permit-holder about the decision.

    (4)     As soon as practicable after a distribution is agreed or decided, the former permit-holder must give each of the former linked licensees the amount to be distributed to the licensee from the jackpot trust account.

    (5)     In this regulation:

remaining balance of the jackpot trust account does not include any amount won under the linked jackpot arrangement or uncollected from the linked jackpot.

Part 9     Community contributions



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