Queensland Consolidated Acts

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LOTTERIES ACT 1997 - SECT 131

131 Disposal of unclaimed prizes that are property

(1) This section applies to a prize in an approved lottery if—

(a) it is property other than money or lottery tickets; and
(b) it is not paid or collected within 3 months after the closure of the lottery.

(2) The lottery operator—

(a) may dispose of the property by public auction or tender or in some other way approved by the chief executive; and
(b) may pay for the disposal from the proceeds of sale; and
(c) must keep and deal with the remainder of the proceeds as if the remainder were the prize in the lottery.

(3) On disposal of a prize under subsection (2), entitlement to the prize is converted to an entitlement to the remainder kept.



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