53AContinuing obligations of class 4 operator

1. Every corporate society that holds a class 4 operator’s licence must, in relation to class 4 gambling conducted by the corporate society, ensure that, at all times,—

2. the purpose of conducting 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. the risks of problem gambling posed by that gambling are minimised; and
7. all applicable regulatory requirements are complied with.