National Lottery Act 2013

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Winding up of An Post National Lottery Company

30. (1) The Minister may make an order providing for the winding up of An Post National Lottery Company on a date specified in the order.

(2) On the making of an order under subsection (1) by the Minister, the interest in any property, whether real or personal, held by An Post National Lottery Company in trust for the State, and the consideration for the acquisition of which consists, directly or indirectly, wholly or partly of any of the proceeds of the National Lottery, shall be transferred to the Minister.

(3) The Minister may, at his or her discretion permit the operator to use the property referred to in subsection (2) for the purpose of operating the National Lottery and to hold any such property in trust for the State.

(4) Final accounts of An Post National Lottery Company shall be drawn up by the Regulator as soon as may be after its winding up in such form as approved by the Minister in respect of the period specified by the Minister.