A licensed provider must not have recourse to funds held on behalf of a registered player except for one or more of the following purposes:

(a) to debit from those funds the amount of a wager made by the player in, or the amount the person has indicated he or she wants to wager in the course of, a gaming activity conducted by the provider;

(b) to remit some or all of those funds to the player at his or her request;

(c) as otherwise authorised by or under this Act.

Penalty:  In the case of –

(a) a first offence – a fine not exceeding 600 penalty units; and

(b) a second or subsequent offence – a fine not exceeding 1 000 penalty units or imprisonment for a term not exceeding 2 years, or both.