213 Licensed promoter must render account to society

(1)

A licensed promoter must render an account to the society that sets out, in full, particulars of—

(a)

the money that has been received by the licensed promoter on behalf of the society; and

(b)

how the money has been applied; and

(c)

any outstanding amounts that remain to be applied.

(2)

The account must be rendered—

(a)

within 7 days of a request from the society to do so; or

(b)

if no request has been made, within 28 days if the licensed promoter has ceased to act for the society.

(3)

A licensed promoter who has rendered an account to a society that satisfies subsection (1) may appropriate money from the trust account to satisfy the account if the appropriation is permitted by the licensed promoter’s agreement with the society and by this Act.

(4)

A licensed promoter must pay all money held in the trust account on behalf of the society to the society—

(a)

within 7 days of a request from the society to do so; or

(b)

if no request has been made, within 28 days if the licensed promoter has ceased to act for the society.

(5)

A person who knowingly contravenes this section commits an offence and is liable on conviction to a fine not exceeding $2,000.

Compare: 1977 No 84 s 57

Section 213(5): amended, on 1 July 2013, by section 413 of the Criminal Procedure Act 2011 (2011 No 81).