South Australian Consolidated Acts South Australian Consolidated Acts (1) An
incorporated association must keep such accounting records as correctly record
and explain the transactions of the association and the financial position of
the association.
(2) The
accounting records must be kept at the place at which the association is
situated or established within the State or in the custody of an officer of
the association in accordance with its rules or a resolution of the committee
of the association.
(3) If an
incorporated association fails to comply with subsection (1), the
association and any officer of the association who is in default are each
guilty of an offence.
Maximum penalty:
(a) if
the offence is committed in respect of a prescribed
association—$2 500; or
(b) in
any other case—$1 250.