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Gambling Act 2003

Institutions - New Zealand Lotteries Commission - Other matters

270: Accounts of bodies assisting Lotteries Commission and audit of accounts

You could also call this:

"Keep and audit accounts if you help the Lotteries Commission with a New Zealand lottery"

If you help the Lotteries Commission with a New Zealand lottery, you must keep accurate accounts of what you do. You have to keep these accounts in a way that the Commission approves. When the financial year ends, or when your arrangement with the Commission ends, you must prepare a statement of account for the Commission. You will need to send this statement to the Commission if they ask for it, and it must be audited by the Auditor-General under the Public Audit Act 2001. The Auditor-General has the power to audit the statement as set out in the Public Audit Act 2001. A financial year starts on 1 July and ends on 30 June the next year. You might have entered into an arrangement with the Commission under section 17 of the Crown Entities Act 2004.

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Money and consumer rights > GamblingGovernment and voting > Government departments
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Part 3Institutions
New Zealand Lotteries Commission: Other matters

270Accounts of bodies assisting Lotteries Commission and audit of accounts

  1. A person, body corporate, or department that has entered into an arrangement, agreement, or contract under section 17 of the Crown Entities Act 2004 to do anything as agent for the Lotteries Commission, or otherwise act on behalf of the Commission, in the promotion, organisation, or conduct of any New Zealand lottery must—

  2. keep full and true accounts of everything done by him, her, or it relating to the lottery in a manner and form approved by the Commission; and
    1. as soon as practicable after the end of each financial year, or (if earlier) after the termination of the arrangement, agreement, or contract,—
      1. prepare a statement of account of his, her, or its activities on behalf of the Commission during the year or other relevant period; and
        1. on receipt of a written request from the Commission, submit the statement to the Commission.

        2. Every statement proposed under subsection (1) must be audited by the Auditor-General, who, for that purpose, has and may exercise all his or her powers under the Public Audit Act 2001.

        3. For the purposes of this section, financial year means the period commencing with 1 July in each year and ending with 30 June in the following year.

        Compare
        • 1977 No 84 s 89
        Notes
        • Section 270(1): amended, on , by section 200 of the Crown Entities Act 2004 (2004 No 115).