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New Zealand law explained for everyone

Gambling Act 2003

Institutions - New Zealand Lotteries Commission - Operation of New Zealand lotteries

255: No entitlement to interest

You could also call this:

"You don't get interest on your lottery prize unless the Commission wrongly delayed paying you."

Illustration for Gambling Act 2003

If you win a prize in a New Zealand lottery, you do not get interest on that prize. This is unless the Lotteries Commission had no good reason to question whether you should get the prize or to hold back the payment. The Lotteries Commission must have had a reasonable ground for doing so, otherwise you may be entitled to interest on your prize.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM209760.

Topics:
Money and consumer rights > Gambling
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Part 3Institutions
New Zealand Lotteries Commission: Operation of New Zealand lotteries

255No entitlement to interest

  1. A person is not entitled to the payment of interest in respect of a prize in a New Zealand lottery unless the Lotteries Commission had no reasonable grounds for—

  2. questioning entitlement to the prize; or
    1. withholding payment of the prize.

      Compare
      • 1977 No 84 s 104