Audit of records
136 Audit of records
The casino licensee must ensure that the accounts and financial statements of the casino are audited, as soon as practicable after the end of each financial year, by an auditor approved in writing by the commission.
The casino licensee commits an offence if the licensee does not give the auditor’s report and audited accounts to the commission as soon as practicable, but no later than 6 months after the end of the financial year to which the report relates.
Maximum penalty: 50 penalty units.
An offence against this section is a strict liability offence.
In this section:
financial statements, for a financial year, include—
trading accounts, if applicable, for the financial year; and
profit and loss accounts for the financial year; and
any other statements that are necessary to fairly reflect the financial operations of the casino licensee in relation to casino operations during the year and its financial position at the end of the year.
This Act’s bill:Explanatory statementSecond reading speech
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