Victorian Current Acts

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GAMBLING REGULATION ACT 2003 - SECT 8.5.37

Accounts and financial statements

    (1)     A bingo centre operator must keep accounting records that correctly record and explain the transactions and financial position of the operations of the operator.

Penalty:     60 penalty units.

    (2)     A bingo centre operator must keep the accounting records in the form required by the Commission and in a manner that will enable true and fair financial statements and accounts to be prepared from time to time and the financial statements and accounts to be conveniently and properly audited.

Penalty:     60 penalty units.

    (3)     A bingo centre operator must, as soon as practicable after the end of each financial year, prepare financial statements and accounts including—

        (a)     profit and loss accounts for the financial year; and

        (b)     a balance-sheet as at the end of the financial year—

that give a true and fair view of the financial operations of the operator.

Penalty:     60 penalty units.

S. 8.5.38 substituted by No. 104/2004 s. 28.



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