Periodic money clearances
296 Periodic money clearances
A licensee must, at least 4 times a month, carry out a money clearance complying with section 297 of the following installed on the licensee’s licensed premises—
each gaming machine;
any centralised credit system;
any TITO system.
Maximum penalty—200 penalty units.
The money clearances required to be carried out by a licensee under subsection (1) must be carried out at intervals of not more than 10 days.Maximum penalty—200 penalty units.
The money clearance carried out by a licensee under section 295(1) in a particular month is taken to be one of the money clearances required to be carried out in the month by the licensee under subsection (1).
A licensee, in conjunction with carrying out a money clearance under subsection (1), must carry out such functions as are prescribed to be carried out in conjunction with such a money clearance.Maximum penalty for subsection (4)—200 penalty units.
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