Victorian Consolidated Legislation

Leo Cussen Institute Act 1972 - SECT 11

Accounts

11. Accounts



(1) The Leo Cussen Institute shall cause to be kept proper accounts and
records of the transactions and affairs of the Leo Cussen Institute and shall
do all things necessary to ensure that all payments out of moneys are
correctly made and properly authorized and that adequate control is maintained
over the assets of or in the custody of the Leo Cussen Institute and over the
incurring of liabilities by the Leo Cussen Institute.

(2) The accounts and records shall be kept at the office of the
Leo Cussen Institute or at such other place or places as the
Leo Cussen Institute thinks fit and shall be open to inspection by members and
the Executive Director at all times and to such other persons as the
Leo Cussen Institute shall from time to time determine at such times and
places and subject to such conditions as it thinks fit.

(3) The Leo Cussen Institute shall cause the accounts of the
Leo Cussen Institute to be audited once in each year by a registered company
auditor.

(4) The Leo Cussen Institute shall as soon as practicable after the end of
each financial year submit to the Council of Legal Education such audited
income and expenditure accounts, balance sheets and reports as properly record
the affairs of the Leo Cussen Institute.

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