GAMING AND WAGERING COMMISSION ACT 1987 - SECT 109C

GAMING AND WAGERING COMMISSION ACT 1987 - SECT 109C

109C .         Gaming Community Trust Account

        (1)         An agency special purpose account called the Gaming Community Trust Account is established under section 16 of the Financial Management Act 2006 to which moneys that are unclaimed winnings —

            (a)         to which section 109B(3) or (4) applies; or

            (b)         to which section 15(3) or (4) of the Casino Control Act 1984 applies,

                are to be credited.

        (2)         The Trust Account shall be applied to purposes recommended by the Trust and approved by the Minister for the benefit of the community.

        (3)         The operation of the Trust Account shall be regarded as —

            (a)         a service under the control of the Commission for the purposes of section 52 of the Financial Management Act 2006 ; and

            (b)         part of the operations of the Commission for the purposes of Part 5 of that Act.

        [Section 109C inserted: No. 24 of 1998 s. 68(1); amended: No. 77 of 2006 Sch. 1 cl. 71(4)-(6).]