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Gambling Act 2003

Gambling - Licensing of class 4 gambling - Net proceeds and costs of class 4 gambling

108B: Clubs that operate gambling equipment at non-commercial class 4 venues must make financial statements available to members

You could also call this:

"Clubs with gambling machines must show members how they spend money"

Illustration for Gambling Act 2003

If you are part of a club that has gambling machines in a non-commercial venue, you need to know some rules. The club must make sure its financial statements are available to members. The club has to send these statements and the auditor's report to its members within 20 working days after it gives its annual report to the Secretary, as required by section 107. The statements must include what is mentioned in section 108(1)(b).

If the club does not follow this rule, it can be fined up to $10,000. You should be aware that this rule applies to clubs that own or lease a venue mainly for its members. The venue must have gambling equipment and be a non-commercial class 4 venue.

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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=DLM6043513.

Topics:
Money and consumer rights > GamblingCrime and justice > Criminal law
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108A: Audit must be carried out in accordance with auditing and assurance standards, or

"Audits must follow standard rules to ensure accuracy and honesty."

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108C: Other corporate societies must make financial statements available on Internet, or

"Corporate societies must put their money reports online"

Part 2Gambling
Licensing of class 4 gambling: Net proceeds and costs of class 4 gambling

108BClubs that operate gambling equipment at non-commercial class 4 venues must make financial statements available to members

  1. This section applies to a corporate society that is a club that operates gambling equipment at a non-commercial class 4 venue that—

  2. it owns or leases; and
    1. is mainly for the use of club members.

      1. A corporate society to which this section applies must ensure that a copy of any financial statements referred to in section 108(1)(b) and a copy of the auditor's report on those statements are sent to the members or shareholders of the society (if any) within 20 working days after the annual report is required to be provided to the Secretary under section 107.

      2. A corporate society that contravenes subsection (2) commits an offence and is liable on conviction to a fine not exceeding $10,000.

      Notes
      • Section 108B: inserted, on , by section 90 of the Financial Reporting (Amendments to Other Enactments) Act 2013 (2013 No 102).