Interactive Gambling (Player Protection) Act 1998
sec.142Preparation of financial statements and accounts
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sec.142 Preparation of financial statements and accounts
A licensed provider must prepare financial statements and accounts as required by this section giving a true and fair view of the licensed provider’s financial operations conducted under the interactive gambling licence. Maximum penalty—40 penalty units. The financial statements and accounts must include the following— trading accounts, if applicable, for each financial year; profit and loss accounts for each financial year; a balance sheet as at the end of each financial year. (sec.142-ssec.1) A licensed provider must prepare financial statements and accounts as required by this section giving a true and fair view of the licensed provider’s financial operations conducted under the interactive gambling licence. Maximum penalty—40 penalty units. (sec.142-ssec.2) The financial statements and accounts must include the following— trading accounts, if applicable, for each financial year; profit and loss accounts for each financial year; a balance sheet as at the end of each financial year.
- (a) trading accounts, if applicable, for each financial year;
- (b) profit and loss accounts for each financial year;
- (c) a balance sheet as at the end of each financial year.