sec.87Audit for category 2 or 3 gaming operations

sec.87 Audit for category 2 or 3 gaming operations

This section applies to a person conducting— a category 2 game if the gross proceeds of the game are more than the amount prescribed under a regulation; or a category 3 game. The person must, as soon as practicable after the end of each financial year in which the person conducts the game, ensure the person’s financial accounts, records and statements for the person’s general gaming operations for the game are audited by an accountant. Maximum penalty—40 penalty units. The person must pay the cost of the audit. (sec.87-ssec.1) This section applies to a person conducting— a category 2 game if the gross proceeds of the game are more than the amount prescribed under a regulation; or a category 3 game. (sec.87-ssec.2) The person must, as soon as practicable after the end of each financial year in which the person conducts the game, ensure the person’s financial accounts, records and statements for the person’s general gaming operations for the game are audited by an accountant. Maximum penalty—40 penalty units. (sec.87-ssec.3) The person must pay the cost of the audit.

• (a) a category 2 game if the gross proceeds of the game are more than the amount prescribed under a regulation; or
• (b) a category 3 game.