RESIDENTIAL TENANCY ACT 1997 - SECT 48S Accounts and financial statements of Authority
RESIDENTIAL TENANCY ACT 1997 - SECT 48S
Accounts and financial statements of Authority
(1) The Authority must (a) keep such accounting records as correctly record and explain its transactions (including any transactions as trustee) and financial position; and(b) keep those records in a manner that (i) allows true and fair accounts of the Authority to be prepared from time to time; and(ii) allows separate accounts to be prepared in respect of the security deposits held by the Authority and in respect of the funds of the Authority; and(iii) allows its accounts to be conveniently and properly audited or reviewed; and(iv) complies with any instruction issued to it by the Treasurer; and(c) retain those records for a period of not less than 7 years after the completion of the transaction to which they relate or such other period as the Minister determines.