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1st October 2008, 12:28 PM
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Member
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Join Date: Sep 2006
Posts: 1,070
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Quote:
Originally Posted by jfc
Betfair claims this new premium charge affects:
"less than 0.5% of active customers"
Now what is an active customer?
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JFC, bit of a blast from the past but it looks like under the terms of the Act an active player is one that has placed a bet witin the past 2 years.
76ZP. Remitting funds of inactive player
If no wager has been recorded on behalf of a registered player for a period of 2 years, the licensed provider – (a) must remit any funds held on behalf of the player; or
(b) if the person cannot be found, must deal with the funds as unclaimed moneys under the Unclaimed Moneys Act 1918.
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Pixie "It's worth remembering that profit isn't profit until it's spent off the racecourse." -- Crash
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