187Preparation of financial statements and accounts

187 Preparation of financial statements and accounts prepare financial statements and accounts in accordance with applicable Australian accounting standards that give a true and fair view of the financial operations of the business operated under the licence including: (a) the verification and reconciliation of tax payments; and (b) long-term wager accounts in financial institutions; and (c) customer accounts; and

Racing and Wagering Act 2024 86 (d) any other matter prescribed by regulation. (2) A betting exchange licensee and sports bookmaker licensee must lodge a copy of their financial statements and accounts with the Commission within 5 months of the end of the licensee's financial year.