South Australian Consolidated Acts

SOUTH AUSTRALIAN CO-OPERATIVE AND COMMUNITY HOUSING ACT 1991 - SECT 46

46—Accounting records to be kept

        (1)         A registered housing co-operative must—

            (a)         keep accounting records that correctly record and explain its financial transactions and financial position; and

            (b)         so keep its accounting records that—

                  (i)         true and fair financial statements of the co-operative can be prepared from time to time; and

                  (ii)         its accounting records and financial statements can be conveniently and properly audited in accordance with this Division.

        (2)         A registered housing co-operative must keep its accounting records at such a place or places within the State as its committee of management thinks fit.