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New Zealand law explained for everyone

Racing Industry Act 2020

TAB New Zealand

60: Performance and efficiency audit

You could also call this:

“TAB NZ must have a check-up every five years to see if it's doing a good job”

TAB NZ, which is an organisation in New Zealand, has to check how well it’s doing its job. You need to know that:

Every five years or less, TAB NZ must get someone to look at how it’s performing and how efficient it is. This is called an audit.

When TAB NZ does this audit, they have to follow some special rules. These rules are written down in something called Schedule 4 of the law.

This helps make sure that TAB NZ is working well and using its resources wisely.

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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=LMS292108.

Topics:
Money and consumer rights > Gambling Business > Industry rules
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59: Accounts and audit, or

"TAB NZ must create and check its money records each year"

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61: TAB NZ must operate in financially responsible manner, or

"TAB NZ must be careful with its money and spend wisely"

Part 3 TAB New Zealand

60Performance and efficiency audit

  1. TAB NZ must, at least once every 5 years, arrange for an audit to be conducted in relation to its performance and efficiency.

  2. Schedule 4 applies to an audit conducted under subsection (1).

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