38A Continuing obligations of class 3 operator

Every society that holds a class 3 operator’s licence must, in relation to class 3 gambling conducted by the society, ensure that at all times—

(a)

the purpose of that gambling is to raise money for authorised purposes; and

(b)

the net proceeds from that gambling are maximised and the operating costs of that gambling are minimised; and

(c)

the costs incurred in conducting that gambling are actual, reasonable, and necessary; and

(d)

the net proceeds from that gambling are applied to or distributed for authorised purposes; and

(e)

all applicable regulatory requirements are complied with.

Section 38A: inserted, on 3 March 2015, by section 21 of the Gambling Amendment Act 2015 (2015 No 3).