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Gambling Act 2003

Institutions - New Zealand Lotteries Commission - Financial provisions relating to Lotteries Commission

257: Funds of Lotteries Commission

You could also call this:

"The Lotteries Commission's money and how it is used"

The Lotteries Commission has its own funds which come from several sources. You can think of these funds as the Commission's money, made up of things like money from lotteries, which is set aside for expenses and for the Commission to use as stated in section 263. The Commission's funds also include money it gets from other sources, such as fees or rent for properties it controls, money from selling its properties, and interest earned on its money, as well as money advanced to it as stated in section 288.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM209763.

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Money and consumer rights > GamblingGovernment and voting > Government departments
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Part 3Institutions
New Zealand Lotteries Commission: Financial provisions relating to Lotteries Commission

257Funds of Lotteries Commission

  1. The funds of the Lotteries Commission consist of—

  2. all lottery proceeds set aside for expenses incurred or expected to be incurred in conducting lotteries and for the purposes of the Commission under section 263:
    1. all money advanced or made available to the Commission under section 288:
      1. all money received by the Commission by way of fees, rent, or otherwise in respect of—
        1. any real or personal property vested in or controlled by the Commission; or
          1. the performance or exercise of any of the functions or powers of the Commission:
          2. all money received by the Commission from the sale or other disposal of any of its real or personal property:
            1. all accumulations of income derived from any such money.

              Compare
              • 1977 No 84 s 106