Aboriginal Land Rights Act 1983

Each Local Aboriginal Land Council must cause proper accounts and records to be kept in relation to all its operations.

Each such Council must—

prepare financial statements for each financial year in accordance with any applicable policy of the New South Wales Aboriginal Land Council, and

if required to do so by any applicable policy of the New South Wales Aboriginal Land Council, cause the accounts to be submitted for verification and certification.

A policy of the New South Wales Aboriginal Land Council may require the accounts of a Local Aboriginal Land Council to be submitted for verification and certification by—

an auditor, or

any other person, or class of persons, as may be specified by the policy.

The financial statements must, if required by any applicable policy of the New South Wales Aboriginal Land Council, be submitted for verification and certification by an auditor appointed by the Local Aboriginal Land Council concerned from a list of auditors kept by the New South Wales Aboriginal Land Council.

The regulations may make provision for or with respect to the following—

the manner in which the list of auditors is to be kept by the New South Wales Aboriginal Land Council,

the qualifications required for auditors included in the list.

(Repealed)

Each such Council must furnish to the New South Wales Aboriginal Land Council the financial statements and such other documents as are prescribed by the regulations, not later than 4 months after the end of each financial year.

For the avoidance of doubt, the financial statements prepared and furnished to the New South Wales Aboriginal Land Council under this section must include information relating to all the Council’s funding and operations and not merely funding received from, and operations funded by, the New South Wales Aboriginal Land Council.