Document ID: chunk:federal_register_of_legislation:C2024C00646:section:61gd
Version: federal_register_of_legislation:C2024C00646
Segment Type: section
Provision Reference: s 61GD
Character Range: 122036–122714

61GD  When an outstanding or pending bet is resolved
 (1) For the purposes of this Part:
 (a) if an outstanding or pending bet turns out to be a winning bet—the bet is resolved when the bet is settled; and
 (b) if an outstanding or pending bet turns out to be a losing bet—the bet is resolved when it becomes clear that the bet is a losing bet; and
 (c) if the bettor becomes entitled to a refund of the bet—the bet is resolved when it becomes clear that the bettor has become entitled to a refund of the bet.
 (2) For the purposes of paragraph (1)(c), it is immaterial whether a refund is or will be made by way of a credit to a licensed interactive wagering service account.