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Gaming machine winnings that remain unclaimed for at least 12 months as of 1 March each year, must be paid to the State Revenue Office by 31 May of that year.
This includes winnings in any form, including:
- a cheque
- ticket or other instrument authorising the payment of winnings from a gaming machine
- accumulated credits
- any coins left in the coin tray of a gaming machine.
From 1 August 2015, all unclaimed winnings from the playing of a gaming machine must be paid, irrespective of the dollar value of the unclaimed amount.
Prior to this date only unclaimed winnings greater than $20 are required to be paid to the State Revenue Office.
For 2015, venue operators must submit unclaimed prizes over $20 to the State Revenue Office by 31 May, in line with the requirements set out in Unclaimed Money Act 2008. The amount submitted must include all unclaimed amounts, over $20, that were awarded between 1 March 2013 and 28 February 2014.
For 2016, venue operators must submit unclaimed winnings to the State Revenue Office by 31 May in line with the requirements set out in section 3.6.13 of the Gambling Regulation Act 2003. The amount submitted must include all unclaimed amounts that were awarded between 1 March 2014 and 28 February 2015.This process will then need to be followed for the years following.
Venue operators may deduct out of unclaimed winnings the expenses reasonably incurred in searching for the persons entitled to the winnings.
The Accounting and Auditing Venue Requirements, which are published in the Venue Manual on the VCGLR website, will be updated to reflect the changes to the legislation and the unclaimed winning requirements.
For more information, please contact the VCGLR on 1300 182 457 or email firstname.lastname@example.org.