Section 7
Accounts to be kept of an authorized lottery
The promoter of any lottery shall keep such books of account in respect of such lottery as may be prescribed and shall enter therein true and regular accounts of all moneys received by him in respect of such lottery and all costs, charges and expenses incurred by him in the promotion of such lottery.
(2)
The promoter of any lottery shall, if required so to do by the Minister of Finance by notice in writing, produce for examination within such time as may be specified in the notice the books of account referred to in subsection (1) and any vouchers and other documents relating to the lottery and shall, at all reasonable times, give all necessary facilities to any person appointed in that behalf by the Minister of Finance to inspect and audit such books.
(3)
The promoter of any lottery shall, within three months of the date upon which the winners of prizes in any lottery are determined or within such extended time as the Minister of Finance may allow, prepare a completed account in respect of such lottery showing the total amount raised thereby, the amount of the prizes and commission paid and all other costs, charges and expenses incurred by the promoter in the promotion and conduct of such lottery, and the manner of disposal of the proceeds of the lottery remaining after all such disbursements as aforesaid.
(4)
Every such account shall be audited by an auditor appointed in that behalf by the Minister of Finance.
(5)
A copy of such account duly audited shall be submitted forthwith by the promoter to the Minister of Finance who may approve, disallow or reduce any item of cost, charge or expense shown thereon and in the case of a public lottery, the promoter shall publish such account, as approved, in such manner as the
Minister of Finance may direct.
(6)
The promoter of any lottery who fails to comply with any of the provisions of this section shall be deemed to have promoted or conducted a lottery contrary to this Act.
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