The Department of Internal Affairs

Te Tari Taiwhenua | Department of Internal Affairs

Building a safe, prosperous and respected nation



 

Services › Casino and Non-Casino Gaming › Class 4 Gambling: Audited Financial Statements

The Gambling Act 2003 requires Class 4 societies to provide audited financial statements to the Department of Internal Affairs within three months of the end of a society's financial year.

The following templates will help clubs and corporate societies (Class 4 operators) to prepare their financial statements and their forecast financial statements which are necessary to complete the Application to Renew Class 4 Operator's Licence and Venue Licence(s).

These templates do not remove the need for judgement and consultation with your advisers when preparing your financial statements.

If you have any questions, please contact the Gambling Compliance group on gambling.compliance@dia.govt.nz

Templates for Public/Corporate Societies

Templates for Clubs

Forecast Standard Accounts - Societies


Form to use

The Department accepts forecast financial information in the Gaming Machine Account Summary form(GC6) and these do not have to be prepared in accordance with generally accepted accounting practices.

Societies that qualify for Tier 1 and Tier 2 under the new Accounting Standards Framework may prepare prospective financial information in accordance with PBE FRS 42, however this is voluntary.

The relevant standard can be found at www.xrb.govt.nz

Forecast Sign Off - Societies


Form to use

The Department requires an Independent Chartered Accountant with a Certificate in Public Practice/Auditor to verify the financial information provided in the Gaming Machine Account Summary form (GC6) by performing specific procedures.
This is known as an Agreed-upon procedures engagement.
This engagement can also be completed by Audit New Zealand if they audit the society’s accounts.

This engagement needs to be carried in accordance with APS -1 Statement of Agreed-upon procedures Engagement Standards and Guidelines of the New Zealand Institute of Chartered Accountants.

Agreed-upon procedures engagement (.PDF, 91KB)

Agreed-upon procedures - Illustrative report (.DOCX, 54KB)

Standard Accounts - Clubs


Form to use

The Gambling Act 2003 requires the preparation of financial statements prepared in accordance with generally accepted accounting practice.

The example below provides an illustration of one approach a Club (with various different operations, including gaming activities) may choose when presenting the number associated with its financial performance, financial position and associated notes financial statements under the Tier 3 PBE Accounting Requirements. It will provide assistance to entities who qualify as a Public Benefit Entity (PBE) – Not for Profit (Tier 3).

Please note this is not a full set of financial statements for a Tier 3 Not-for-profit PBE and full template and guidance notes can be found at www.xrb.govt.nz, along with all the mandatory requirements.

Standard Accounts - Clubs (.XLSX, 340KB)

Forecast Sign Off - Clubs


Form to use

The Department requires an Independent Chartered Accountant with a Certificate in Public Practice to verify the financial information provided in the Gaming Machine Account Summary form (GC7) by performing specific procedures.
This is known as an Agreed-upon procedures engagement.

This engagement can also be completed by Audit New Zealand if they audit the Club’s accounts.


This engagement needs to be carried in accordance with APS -1 Statement of Agreed-upon procedures Engagement Standards and Guidelines of the New Zealand Institute of Chartered Accountants.

Agreed-upon procedures engagement (.PDF, 91KB)

Agreed-upon procedures - Illustrative report (.DOCX, 54KB)

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