The Gambling Act 2003 requires us to annually review the criteria, methods, systems and policies we use for distributing our net proceeds. The February 2017 review by trustees resulted in one change to our accountability requirements:
NZCT will use its best endeavours to ensure that all distributed funds have been used for the specific purpose/s approved. For cumulative grants of $100,000 or more in NZCT’s financial year, this includes seeking confirmation from the recipient’s external auditor (a chartered accountant with a certificate of public practice) that funds were used only on the authorised purposes approved and that any amount unspent has been returned to NZCT.
To find out more about our criteria for specific grants purposes, click on the relevant links in the left-hand navigation bar.