190Audits

190 Audits (1) The Commission may, by written notice, require a licensee to conduct an audit in accordance with this section. (2) The audit may be required for the following: (a) the licensee's accounts and financial statements prepared under sections 186 and 187; (b) the licensee's wagering control system; (c) any system for the storage of information relating to the (d) any financial, unsafe wagering, fraud or money laundering or counter-terrorism matters. (3) The audit must be performed, at the expense of the licensee, and an audit report prepared by: (a) a person registered as an auditor, or taken to be so registered, under Part 9.2 of the Corporations Act 2001 (Cth); or

Racing and Wagering Act 2024 87 (b) another person qualified and suitable to perform the audit acceptable to the Commission. (4) The licensee must lodge a copy of the audit report with the Commission within 90 days after the day the licensee receives the request, or any further time allowed by the Commission. (5) On receiving a copy of the audit report, the Commission may, by written notice, require the licensee to give further information about a matter relating to the audit. (6) The licensee must comply with a requirement under subsection (5) within the time stated in the notice, or any further time allowed by the Commission.