38AContinuing obligations of class 3 operator

1. Every society that holds a class 3 operator’s licence must, in relation to class 3 gambling conducted by the society, ensure that at all times—

2. the purpose of that gambling is to raise money for authorised purposes; and
3. the net proceeds from that gambling are maximised and the operating costs of that gambling are minimised; and
4. the costs incurred in conducting that gambling are actual, reasonable, and necessary; and
5. the net proceeds from that gambling are applied to or distributed for authorised purposes; and
6. all applicable regulatory requirements are complied with.