Waste and Resource Recovery Act 2022

In this section – Australian Accounting Standards has the same meaning as in the Financial Management Act 2016.

The Board is to – keep accounting records that correctly record and explain its transactions (including any transactions as trustee) and financial position; and keep those records in a manner that – allows true and fair accounts of the Board to be prepared from time to time; and allows the accounts of the Board to be conveniently and properly audited or reviewed; and subject to any contrary written direction of the Treasurer, complies with the Australian Accounting Standards; and complies with any written directions of the Minister or Treasurer; and retain those records for a period of not less than 7 years after the completion of the transaction to which they relate or for such longer period as the Treasurer may determine and notify to the Board.