Community Benefit Statement
Name of approved Venue: THE LAKES ENTERTAINMENT CENTRE
Address of approved venue: 38 CHURCH STREET LAKES ENTRANCE 3909
Venue operator: LAKES SPORTS AND COMMUNITY CLUB INC
Licence number: V07096084
Financial year ended 30 June 2025

CLASS OF CLAIM AND CATEGORY WITHIN CLASS Amount of revenue applied
CLASS A: Venue operators may claim up to 100 percent of revenue applied to a Class A purpose or activity.
Class A (a).  Donations, gifts and sponsorship (including cash, goods and services) to another person resident in Victoria, not including to the club itself, for the purpose or activities set out below.
(i) any educational purpose; $0
(ii) the provision of health services or care; $0
(iii) services for the prevention and treatment of problem gambling and drug and alcohol addictions; $0
(iv) housing assistance for disadvantaged persons; $0
(v) the relief of poverty; $0
(vi) the provision of services and assistance for the aged; $0
(vii) the provision of services and assistance for young people; $0
(viii) the protection and preservation of the environment; $0
(ix) the provision of assistance to relieve distress caused by natural or other disasters; $0
(x) the provision of advice, support and services to ex-service personnel, their carers and families; $0
(xi) any other philanthropic or benevolent purpose; $8,117
(xii) any sporting or recreational purpose, excluding any club that holds a venue operator’s licence. $70,951
Class A (b). The cost of providing and maintaining sporting facilities for use by club members. $0
Class A (c). The cost of any subsidy for the provision of goods and services but excluding alcohol. $7,800
Class A (d). Voluntary services provided by members and/or staff of the club to another person in the community, in fulfilment of Class A(a)(i)-(xii) above. $0
Class A (e). Advice, support and services provided by the RSL (Victorian Branch) to ex-service personnel, their carers and families. $0
CLASS A – TOTAL $86,868
CLASS B: Venue operators may claim an amount equal to the proportion of the club’s non-gaming revenue to its total revenue for Class B.
Non-Gaming Revenue proportion % 30.57
Class B (a). Capital expenditure. $60,688
Class B (b). Financing Costs (including principal and interest). $38,591
Class B (c). Retained earnings accumulated during the year. $0
Class B (d). The provision of buildings, plant or equipment over $10,000 per item excluding gaming equipment or the gaming machine area of the venue. $0
Class B (e). Operating costs. $290,860
CLASS B – TOTAL $390,139
CLASS C: Venue operators may claim up to 100 percent of revenue applied to a Class C purpose or activity.
Class C (a). The provision of responsible gambling measures and activities but excluding those required by law. $0
Class C (b). Reimbursement of expenses reasonably incurred by volunteers. $0
Class C (c). CBS preparation and auditing expenses to a maximum of $3,000. $1,595
CLASS C – TOTAL $1,595
CBS TOTAL (CLASS A + B + C) $478,602


I, Michael Montgomerie , certify that:
1. The claims are consistent with the Ministerial Order made on 28 June 2012.
2. The following information is accurate for the financial year:
  a) The percentage (if any) of the venue’s gaming revenue applied to community purposes or activities under Classes A, B and C.
b) The value of any non-financial contribution to community purposes (e.g. voluntary work) by, or on behalf of the venue operator, expressed as a percentage of the venue’s revenue.
c) Any amount payable by a gaming operator under a declaration made by the VGCCC under section 3.6.8(4A) of the Gambling Regulation Act 2003 (the Act), expressed as a percentage of the venue's gaming revenue.
  The amount is
 
less than  
equal to  
greater than  X 
  8 1/3 per cent of the venue’s gaming revenue for that financial year, as the required by section 3.6.2 of the Act.
3. The CBS in relation to LAKES SPORTS AND COMMUNITY CLUB INC, has been audited by the suitably qualified person of Nicole Postan of Postan Miller and Associates on 19/09/2025.
I confirm that an independent auditor’s statement dated 19/09/2025 has been received which states that, in the auditor’s opinion, this CBS presents fairly, in accordance with applicable Accounting Standards in Australia, and, is consistent with the auditor’s understanding of sections 3.6.9(2)(a) and (b) and section 3.6.9(3) of the Act, the LAKES SPORTS AND COMMUNITY CLUB INC,’s compliance with the Act for the financial year ended 30 June 2025.

Declaration to be completed by the venue operator
 X  I, Michael Montgomerie , declare that:
1. The information contained in this CBS form is true and correct to the best of my knowledge.
2. I have retained all relevant documentation used in the preparation and auditing of this CBS.
3. I acknowledge that it is an offence to provide false or misleading information.

I understand that by typing my name below, I am deemed to have signed this CBS form.
Michael Montgomerie, Tax Accountant
Community Benefit Statement - Schedules
Class Details Amount
Class A (a). (xi)Donations Rotary Skyfest Sponsorship Lakes Entrance Neighbourhood House, Lakes Entrance Action and Development Association$8,117
Class A (a). (xii)Lakes Entrance (LE)Football & Netball Club, LE Surf Life Saving Club, LE Cricket Club, LE Tennis Club, Buchan & Gelantipy Racing Club, LE Basketball, Australian Sports Foundation, East Gippsland Water Dragons$70,951
Class B (a).Solar Panels$32,170
Class B (a).Roof replacement$28,518
Class B (b).ANZ Loans$38,591
Class B (e).Kitchen replacements and maintenance$5,960
Class B (e).Wages$55,088
Class B (e).Superannuation expense$6,722
Class B (e).Workcover$1,803
Class B (e).Annual Leave paid$3,563
Class B (e).Accounting and bookkeeping$12,431
Class B (e).Advertising$1,846
Class B (e).Audit Fees$2,785
Class B (e).Bank charges$4,806
Class B (e).Board expenses - consultant non gaming$11,830
Class B (e).Cleaning$24,959
Class B (e).Computer expenses$6,521
Class B (e).Consultant fee$3,697
Class B (e).Electricity, Gas, water, rates$43,903
Class B (e).Foxtel Sport$11,189
Class B (e).Insurance$15,244
Class B (e).Licences and Permits- music and food safety$567
Class B (e).Postage$761
Class B (e).Printing and stationery$2,688
Class B (e).Promotions- food related$8,555
Class B (e).Repairs & Maintenance- Buildings$28,327
Class B (e).Repairs & Maintenance- plumbing, pest control, airconditioning etc$8,774
Class B (e).Waste Removal$5,252
Class B (e).Security$15,054
Class B (e).Staff Training, recruitment, amenities etc$3,095
Class B (e).Subscriptions$729
Class B (e).Telephone$3,343
Class B (e).Travel costs$156
Class B (e).LSL Paid$1,212
Class A (c). Subsidised Goods and Services$7,800
Class C (c).CBS Preparation and Audit expenses$1,595



 


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Lakes Sports and Community Club Inc. CBS Audit Report 30 June 2025.pdf