Page:Casino Control Act 2006.pdf/98

98 (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) shall be liable to disciplinary action.

Accounts to be kept

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.

Statement of accounts

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) profit and loss accounts for the financial year; and
 * (c) a balance-sheet 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.

Keeping of records

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 7 years after the completion of the transactions to which they relate; and
 * (c) available for inspection by an authorised person at any time during that period.