reg 70
In forceFinancial records
70 Financial records
(1)
The Association must keep financial records that—
(a)
correctly record and explain its transactions, financial position and performance; and
(b)
enable financial statements to be prepared as required by the Act.
(2)
The Association must retain the financial records for 7 years after the transactions covered by the records are completed.
(3)
The Treasurer must keep in the Treasurer's custody, or under the Treasurer's control—
(a)
the financial records for the current financial year; and
(b)
any other financial records as authorised by the Committee.
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