sec.295Monthly money clearances

### sec.295 Monthly money clearances Subject to subsection (2) , a licensee must carry out a money clearance complying with section 297 of all gaming machines, any centralised credit system and any TITO system installed on the licensee’s licensed premises— after the end of the operation of gaming machines that started on the last day of each month; and before the start of the operation of gaming machines on the first day of the next month. Maximum penalty—200 penalty units. The commissioner may, either verbally or by written notice, direct a licensee to carry out the money clearance mentioned in subsection (1) during such period as the commissioner determines. A licensee to whom a direction is given under subsection (2) must comply with the direction. Maximum penalty—200 penalty units. A licensee must, in conjunction with a money clearance carried out under this section, carry out such functions as are prescribed to be carried out in conjunction with the money clearance. Maximum penalty for subsection (4) —200 penalty units. s 295 sub 1992 No. 35 s 21 ; 1997 No. 24 s 61 sch ; 1999 No. 77 s 119 amd 2012 No. 25 s 109 (1) ; 2013 No. 25 s 84 (sec.295-ssec.1) Subject to subsection (2) , a licensee must carry out a money clearance complying with section 297 of all gaming machines, any centralised credit system and any TITO system installed on the licensee’s licensed premises— after the end of the operation of gaming machines that started on the last day of each month; and before the start of the operation of gaming machines on the first day of the next month. Maximum penalty—200 penalty units. (sec.295-ssec.2) The commissioner may, either verbally or by written notice, direct a licensee to carry out the money clearance mentioned in subsection (1) during such period as the commissioner determines. (sec.295-ssec.3) A licensee to whom a direction is given under subsection (2) must comply with the direction. Maximum penalty—200 penalty units. (sec.295-ssec.4) A licensee must, in conjunction with a money clearance carried out under this section, carry out such functions as are prescribed to be carried out in conjunction with the money clearance. Maximum penalty for subsection (4) —200 penalty units. - (a) after the end of the operation of gaming machines that started on the last day of each month; and - (b) before the start of the operation of gaming machines on the first day of the next month.