Northern Territory Consolidated Acts

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RACING AND BETTING ACT 1983 - SECT 28

Reports and books of account

    (1)     Subject to subsection (3), each principal club and registered club shall, as soon as practicable after the end of the financial year of the club in each year, prepare and furnish to the Commission a report on its operations during the year ending on that date.

    (2)     Subject to subsection (3), each principal club and registered club shall cause to be kept proper books of account and records in relation to its operations as a principal club or registered club and shall, in respect of each financial year of the club, prepare and forward to the Commission at the time it forwards the report referred to in subsection (1) a statement of account and balance sheet audited by a person authorized by the Commission for that purpose.

    (3)     The Commission may require a principal club or registered club to furnish a report under subsection (1) or a statement of account and balance sheet under subsection (2) at such times as the Commission thinks fit.



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