Queensland Bills Explanatory Notes Queensland Bills Explanatory Notes[Index] [Search] [Download] [Bill] [Help]
1
Lotteries Amendment Bill 2007
Lotteries Amendment Bill 2007
Explanatory Notes for Amendments to be
moved during consideration in detail by the
Honourable Anna Bligh MP
Title of the Bill
Lotteries Amendment Bill 2007
Objectives of the Amendments
The amendment aims to ensure that, under the new scheme for lotteries
introduced through the Lotteries Amendment Bill 2007, unclaimed prizes
of $500,000 or more under the Lotteries Act 1997 will be paid into the
Treasurer's unclaimed moneys fund instead of the consolidated fund. This
is an amendment for operational efficiency and consistency with other
gaming Acts and does not change the policy regarding unclaimed prizes.
Achievement of the Objectives
To achieve the objective the Lotteries Amendment Bill 2007 will be
amended to enable unclaimed prizes of $500,000 or more to be paid into
the Treasurer's unclaimed moneys fund instead of the consolidated fund.
The amendment will mean the operational processes to be applied to these
unclaimed prizes will be consistent with the way unclaimed prizes are
treated under other gaming Acts such as the Gaming Machine Act 1991 and
the Casino Control Act 1982.
Alternative Ways of Achieving Policy Objectives
The policy objective can only be achieved by legislative enactment.
Estimated Cost for Government Implementation
There will be no cost for government resulting from this amendment.
2
Lotteries Amendment Bill 2007
Consistency with Fundamental Legislative Principles
This amendment is consistent with fundamental legislative principles
Consultation
Consultation was undertaken in relation to the amendment with Tattersall's
Limited and no objections were raised.
Notes on Provisions
Amendments 1 to 5 amend clause 50 of the Lotteries Amendment Bill
2007 by replacing references to the consolidated fund to allow unclaimed
prizes of $500,000 or more to be paid to the Treasurer's unclaimed moneys
fund. In particular the amendment replaces references to the consolidated
fund in the proposed section heading and sections 131A(5) and (7) with
Treasurer's unclaimed moneys fund. The amendment also clarifies that
prizes to be paid to successful claimants may be paid from the Treasurer's
unclaimed moneys fund or, if the amount has been paid into the
consolidated fund under the provisions of the Financial Administration and
Audit Act 1997, the consolidated fund. Finally, the amendment defines the
Treasurer's unclaimed moneys fund by referring to the Financial
Administration and Audit Act 1997. These changes allow the operational
processes applied to unclaimed prizes of $500,000 or more under the
Lotteries Act 1997 to be consistent with those applied to unclaimed prizes
under other gaming Acts.
Amendment 6 amends clause 63 which relates to proposed transitional
provisions. In particular, the phrase `into, and out of, the consolidated
fund' is removed from the section heading.
� State of Queensland 2007