Account keeping
28 Account keeping
The Corporation must ensure:
(a) proper accounts and records of the Corporation's transactions and financial affairs are kept; and
(b) there are adequate controls over the incurring of the Corporation's liabilities; and
(c) all payments out of the Corporation's money are correctly made and properly authorised; and
adequate control is maintained over:
the Corporation's property; and
property in the Corporation's custody, control or management.
(2) The Treasurer may request the Corporation to give the Treasurer any information the Treasurer reasonably requires to accurately assess the Corporation's financial position and financial affairs.
The Corporation must comply with the request.
This Act’s bill:Explanatory statementSecond reading speech
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.