s 89
In forceHow financial records are to be kept
Volume 1Chapters 1 to 6 (sections 1 to 322)
Chapter 2Licensing of persons who engage in credit activities
Part 2-2Australian credit licences
Division 6When a licence can be suspended, cancelled or varied
Subdivision CMiscellaneous rules about suspensions, cancellations and variations
89 How financial records are to be kept
The financial records must be kept in a way that:
(a)
enables true and fair profit and loss statements, and balance sheets, of the business referred to in paragraph 88(1)(a) to be prepared from time to time; and
(b)
allows those statements and balance sheets to be conveniently and properly audited in accordance with the auditing standards (if any) prescribed by regulations made under section 106.
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