New South Wales Consolidated Acts

ASSOCIATIONS INCORPORATION ACT 1984 - SECT 28

28 Keeping of accounts and minutes of proceedings

(1) An incorporated association must ensure:

(a) that proper accounting records are kept which correctly record and explain the transactions of the association and its financial position, and

(b) that minutes of all proceedings at committee meetings and general meetings of the association are entered in books kept for that purpose.

Maximum penalty: 5 penalty units.

(2) The regulations may make provision for or in respect of the keeping and inspection of accounts and minutes under this section.