12.1 The licensee must:
12.2 Each designated lottery trust account must be maintained in the name of the licensee, in trust and must have the following features:
12.3 Any interest accrued on the lottery trust account must be used for the charitable purposes of the licensee.
12.4 In administering the lottery trust account, the licensee must:
12.5 The licensee must not:
12.6 Where one (1) designated lottery trust account is maintained for proceeds from more than one (1) type of lottery event, the licensee must maintain separate ledgers outlining financial details for each type of lottery event conducted, by game and licence, including proceeds derived from each, expenses paid in the conduct of each and a list of how proceeds have been disbursed.
13.1 The licensee must provide a licensing authority with a financial report outlining the results of the bingo on the prescribed form. Copies of all deposit slips related to the events, verified (stamped) by the bank, must accompany the financial report.
13.2 The financial report must be filed within 15 days of the date of the bingo. A licensing authority may request additional documents deemed necessary to substantiate the particulars of the event which may include receipts for each expense incurred.
13.3 The licensee must provide, within 180 days of its fiscal year end, each licensing authority that issued it a licence with:
13.4 A licensee that receives:
13.5 The licensee must provide to a licensing authority within the time period specified by a licensing authority any information, materials, financial statements, audited financial statements, review engagement reports, compliance reports or auditor’s reports on compliance as a licensing authority may require.
13.6 The licensee may use lottery proceeds to pay the expenses of the financial statements and reports required by paragraph 13.4 or, with the approval of licensing authority, by paragraph 13.5. This expense shall not be included in any expense maximum within these terms and conditions.