On 20/05/2013,
you requested for the version in force on 20/05/2013
incorporating all amendments published on or before 20/05/2013.
The closest version currently available is that of 02/01/2013.
PART VIII
CASINO INTERNAL CONTROLS
138.
—(1) A casino operator shall establish and implement a system of internal controls for the casino operations which satisfies the prescribed internal controls requirements.
(2) The Authority may require a casino operator to submit any part of the casino operator’s system of internal controls for approval by the Authority.
(3) Any approved internal controls shall remain in force until amended or substituted with the approval of the Authority.
(4) The casino operator shall ensure that the system of internal controls or part thereof approved for the time being under this section for the casino is implemented.
(5) Any casino operator who fails to comply with subsection (1) or (4) shall be liable to disciplinary action.
[Vic. CCA 1991, s. 121]
140.
—(1) Subject to subsection (1A), a casino operator shall —
(a)
keep and maintain separate accounts, as approved by the Authority, at an authorised bank for use for all banking transactions arising under this Act in relation to the casino operator; and
(b)
from time to time provide the Authority, as required, and in a form approved by the Authority, with a written authority addressed to the authorised bank referred to in paragraph (a) authorising the authorised bank to comply with any requirements of an inspector exercising the powers conferred by this section.
(1A) The Authority may, on the application of a casino operator, allow specific banking transactions to be carried out at another bank, subject to such conditions as the Authority may impose.
(2) An inspector may, by notice in writing, require the manager or other principal officer of an authorised bank referred to in subsection (1) to provide the inspector with a statement of an account referred to in that subsection and such other particulars relating to the account as may be specified in the notice.
(3) A person to whom a notice is given under subsection (2) shall comply with the notice.
(4) An inspector may not exercise the powers conferred by this section without the prior written approval of the Authority.
(5) Any casino operator who fails to comply with subsection (1) or any of the conditions imposed under subsection (1A) shall be liable to disciplinary action.
[Vic. CCA 1991, s. 123]
141.
—(1) A casino operator shall keep such accounting records as correctly record and explain the transactions and financial position of the operations of the casino.
(2) The accounting records shall be kept in such a manner as will enable true and fair financial statements and accounts to be prepared from time to time and the financial statements and accounts to be conveniently and properly audited.
(3) Any casino operator who fails to comply with subsection (1) or (2) shall be liable to disciplinary action.
[Vic. CCA 1991, s. 124]
142.
—(1) A casino operator shall, as soon as practicable after the end of its financial year, prepare financial statements and accounts, including —
(a)
trading accounts, where applicable, for the financial year;
(b)
a profit and loss statement or statement of comprehensive income (or its equivalent) for the financial year; and
(c)
a statement of its financial position (or its equivalent) as at the end of the financial year that gives a true and fair view of the financial operations of the casino operator in relation to the casino.
(2) Any casino operator who fails to comply with subsection (1) shall be liable to disciplinary action.
[Vic. CCA 1991, s. 125]
143.
—(1) A casino operator shall ensure that all records relating to the operations of the casino are —
(a)
kept at a location and in a manner approved by the Authority;
(b)
retained for not less than 5 years after the completion of the transactions to which they relate, or such shorter period as the Authority may, on the application of the casino operator in any particular case, allow; and
(c)
available for inspection by an inspector at any time during that period.
(2) The Authority may, by instrument in writing, grant an exemption to a casino operator from all or specified requirements of this section in respect of all or specified, or specified classes of documents and may grant such an exemption subject to conditions.
(3) Any casino operator who fails to comply with subsection (1) shall be liable to disciplinary action.
[Vic. CCA 1991, s. 126]
144.
—(1) A casino operator shall, as soon as practicable after the end of its financial year, cause the books, accounts and financial statements of the casino operator in relation to the casino to be audited by a person approved by the Authority to audit the accounting records of the casino operator.
(2) An auditor shall not be approved by the Authority as an auditor for a casino operator unless he is able to comply with such conditions in relation to the discharge of his duties as may be determined by the Authority.
(3) The Authority may impose such additional duties on an auditor in relation to his audit of a casino operator as the Authority considers necessary, the costs of which shall be borne by the casino operator.
(4) The casino operator shall cause the auditor’s report, the financial statements referred to in section 142(1)(b) and (c) and any additional information or report requested by the Authority to be lodged with the Authority within 4 months after the end of the financial year to which the report, financial statements and additional information or report, if any, relate.
(5) Any casino operator who fails to comply with subsection (1) or (4) shall be liable to disciplinary action.
[Vic. CCA 1991, s. 127]
145.
—(1) A casino operator shall submit to the Authority reports relating to the operations of the casino.
(2) The reports are to be submitted at the times, and are to contain the information, that is specified by notice in writing given to the casino operator by the Authority from time to time.
(3) Any casino operator who fails to comply with subsection (1) or (2) shall be liable to disciplinary action.
[Vic. CCA 1991, s. 128]