sec.302Audit of gaming operations

### sec.302 Audit of gaming operations As soon as practicable after the end of a financial year, a category 2 licensee must, for each of the licensee’s licensed premises, at the licensee’s own expense, cause the licensee’s accounts and accounting records for the licensee’s gaming operations for the licensed premises for the financial year to be audited by an approved accountant. Maximum penalty—200 penalty units. If a category 2 licensee ceases to be a category 2 licensee of premises, the person (the former licensee ) must, within the required time, at the former licensee’s own expense, cause the former licensee’s accounts and accounting records for the former licensee’s gaming operations for the premises for the operating period to be audited by an approved accountant. Maximum penalty—200 penalty units. The required time for the former licensee to take action under subsection (2) is— the period ending 1 month after the former licensee ceases to be a category 2 licensee; or if the commissioner extends, or further extends, the period for the former licensee to take the action, by written notice given to the former licensee in the period or extended period—the period as extended. In this section— operating period , for a former licensee, means— if an audit for the former licensee’s gaming operations has been done for subsection (1) —the period— starting on the day immediately after the end of the period to which the audit, or last audit, related; and ending on the day the former licensee ceased to be a category 2 licensee; and if paragraph (a) does not apply—the period starting on the day the former licensee’s gaming operations started and ending on the day the former licensee ceased to be a category 2 licensee. s 302 amd 1992 No. 35 sch; 1993 No. 63 s 2 sch ; 1997 No. 24 ss 41, 61 sch ; 1998 No. 11 s 18 ; 1999 No. 8 s 98 sub 1999 No. 77 s 124 amd 2012 No. 25 s 109 (1) (sec.302-ssec.1) As soon as practicable after the end of a financial year, a category 2 licensee must, for each of the licensee’s licensed premises, at the licensee’s own expense, cause the licensee’s accounts and accounting records for the licensee’s gaming operations for the licensed premises for the financial year to be audited by an approved accountant. Maximum penalty—200 penalty units. (sec.302-ssec.2) If a category 2 licensee ceases to be a category 2 licensee of premises, the person (the former licensee ) must, within the required time, at the former licensee’s own expense, cause the former licensee’s accounts and accounting records for the former licensee’s gaming operations for the premises for the operating period to be audited by an approved accountant. Maximum penalty—200 penalty units. (sec.302-ssec.3) The required time for the former licensee to take action under subsection (2) is— the period ending 1 month after the former licensee ceases to be a category 2 licensee; or if the commissioner extends, or further extends, the period for the former licensee to take the action, by written notice given to the former licensee in the period or extended period—the period as extended. (sec.302-ssec.4) In this section— operating period , for a former licensee, means— if an audit for the former licensee’s gaming operations has been done for subsection (1) —the period— starting on the day immediately after the end of the period to which the audit, or last audit, related; and ending on the day the former licensee ceased to be a category 2 licensee; and if paragraph (a) does not apply—the period starting on the day the former licensee’s gaming operations started and ending on the day the former licensee ceased to be a category 2 licensee. - (a) the period ending 1 month after the former licensee ceases to be a category 2 licensee; or - (b) if the commissioner extends, or further extends, the period for the former licensee to take the action, by written notice given to the former licensee in the period or extended period—the period as extended. - (a) if an audit for the former licensee’s gaming operations has been done for subsection (1) —the period— (i) starting on the day immediately after the end of the period to which the audit, or last audit, related; and (ii) ending on the day the former licensee ceased to be a category 2 licensee; and - (i) starting on the day immediately after the end of the period to which the audit, or last audit, related; and - (ii) ending on the day the former licensee ceased to be a category 2 licensee; and - (b) if paragraph (a) does not apply—the period starting on the day the former licensee’s gaming operations started and ending on the day the former licensee ceased to be a category 2 licensee. - (i) starting on the day immediately after the end of the period to which the audit, or last audit, related; and - (ii) ending on the day the former licensee ceased to be a category 2 licensee; and