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Gambling Act 2003

Gambling - Licensed promoters of class 3 gambling - Trust account

212: Trust account must be audited

You could also call this:

"Licensed promoters must have their trust accounts regularly checked by a qualified auditor."

Illustration for Gambling Act 2003

If you are a licensed promoter, your trust account must be checked by a qualified auditor. This auditor must be qualified as stated in section 35 of the Financial Reporting Act 2013. The check must happen at the times and in the way that regulations made under section 219 say.

You can find out what this means by looking at the regulations. The regulations will tell you when and how your trust account must be audited. This is an important part of being a licensed promoter.

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This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM209700.

Topics:
Money and consumer rights > Gambling
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211: Licensed promoter must have trust account, or

"Licensed promoters must keep fundraising money safe in a special bank account"

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213: Licensed promoter must render account to society, or

"Licensed promoters must report back to the society on how they used the society's money."

Part 2Gambling
Licensed promoters of class 3 gambling: Trust account

212Trust account must be audited

  1. A licensed promoter’s trust account must be audited by a qualified auditor (within the meaning of section 35 of the Financial Reporting Act 2013) at the times and in the manner prescribed by regulations made under section 219.

Compare
  • 1977 No 84 s 56
Notes
  • Section 212: amended, on , by section 17 of the Financial Reporting Amendment Act 2014 (2014 No 64).