ASSOCIATIONS INCORPORATION ACT 1985 - SECT 39C

ASSOCIATIONS INCORPORATION ACT 1985 - SECT 39C

39C—Keeping of records

        (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.