Charitable and Non-Profit Gaming Act 1999
sec.78Keeping accounting records
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sec.78 Keeping accounting records
A person conducting a category 2 or 3 game must— keep accounting records correctly recording and explaining the financial transactions for the game; and keep the accounting records in a way that allows— true and fair financial statements and accounts to be prepared when necessary; and the financial statements and accounts to be conveniently and properly audited. Maximum penalty—100 penalty units. A person conducting a category 1 game must keep accounting records correctly recording and explaining the transactions for the game. Maximum penalty—20 penalty units. A person required to keep general gaming records must also keep (in addition to other records the person is required to keep) accounting records required under a regulation. Maximum penalty for subsection (3) —20 penalty units. s 78 amd 2000 No. 51 s 17 (sec.78-ssec.1) A person conducting a category 2 or 3 game must— keep accounting records correctly recording and explaining the financial transactions for the game; and keep the accounting records in a way that allows— true and fair financial statements and accounts to be prepared when necessary; and the financial statements and accounts to be conveniently and properly audited. Maximum penalty—100 penalty units. (sec.78-ssec.2) A person conducting a category 1 game must keep accounting records correctly recording and explaining the transactions for the game. Maximum penalty—20 penalty units. (sec.78-ssec.3) A person required to keep general gaming records must also keep (in addition to other records the person is required to keep) accounting records required under a regulation. Maximum penalty for subsection (3) —20 penalty units.
- (a) keep accounting records correctly recording and explaining the financial transactions for the game; and
- (b) keep the accounting records in a way that allows— (i) true and fair financial statements and accounts to be prepared when necessary; and (ii) the financial statements and accounts to be conveniently and properly audited.
- (i) true and fair financial statements and accounts to be prepared when necessary; and
- (ii) the financial statements and accounts to be conveniently and properly audited.
- (i) true and fair financial statements and accounts to be prepared when necessary; and
- (ii) the financial statements and accounts to be conveniently and properly audited.