sec.86Audit for category 1 or 4 gaming operations

sec.86 Audit for category 1 or 4 gaming operations

This section applies if— a person is conducting category 1 or 4 gaming; and the chief executive considers it necessary in the public interest, or for the proper conduct of general gaming, that the person’s financial accounts, records and statements for the person’s category 1 or 4 gaming operations be audited. The chief executive may, by notice given to the person, require the person, as soon as practicable after the end of the financial year nominated in the notice, to ensure the accounts, records and statements are audited by an accountant. The person must comply with the notice unless the person has a reasonable excuse for not complying with it. Maximum penalty—40 penalty units. The person must pay the cost of the audit. (sec.86-ssec.1) This section applies if— a person is conducting category 1 or 4 gaming; and the chief executive considers it necessary in the public interest, or for the proper conduct of general gaming, that the person’s financial accounts, records and statements for the person’s category 1 or 4 gaming operations be audited. (sec.86-ssec.2) The chief executive may, by notice given to the person, require the person, as soon as practicable after the end of the financial year nominated in the notice, to ensure the accounts, records and statements are audited by an accountant. (sec.86-ssec.3) The person must comply with the notice unless the person has a reasonable excuse for not complying with it. Maximum penalty—40 penalty units. (sec.86-ssec.4) The person must pay the cost of the audit.

• (a) a person is conducting category 1 or 4 gaming; and
• (b) the chief executive considers it necessary in the public interest, or for the proper conduct of general gaming, that the person’s financial accounts, records and statements for the person’s category 1 or 4 gaming operations be audited.