sec.79Preparing financial statements and accounts

sec.79 Preparing financial statements and accounts

This section applies to the holder of a category 3 gaming licence. The holder must prepare financial statements and accounts as required by this section giving a true and fair view of the holder’s financial operations for the game. Maximum penalty—40 penalty units. The financial statements and accounts must include the following for each financial year the holder conducts the game— trading accounts, if applicable; profit and loss accounts; a balance sheet as at the end of the financial year; other information prescribed under a regulation. (sec.79-ssec.1) This section applies to the holder of a category 3 gaming licence. (sec.79-ssec.2) The holder must prepare financial statements and accounts as required by this section giving a true and fair view of the holder’s financial operations for the game. Maximum penalty—40 penalty units. (sec.79-ssec.3) The financial statements and accounts must include the following for each financial year the holder conducts the game— trading accounts, if applicable; profit and loss accounts; a balance sheet as at the end of the financial year; other information prescribed under a regulation.

• (a) trading accounts, if applicable;
• (b) profit and loss accounts;
• (c) a balance sheet as at the end of the financial year;
• (d) other information prescribed under a regulation.