Western Australian Consolidated Acts Western Australian Consolidated Acts (1) The Council shall
specify, by Statute, the broad categories of amenities and services within
which the fees collected may be expended.
(2) The fees collected
each year are to be allocated to broad categories of expenditure under an
agreement between the Council and the Student Guild, and the Council shall
prescribe, by Statute, the processes for —
(a)
determining the broad categories of amenities and services within which the
fees are to be expended; and
(b)
resolving disputes that arise in the process of those determinations.
(3) The Council shall
prescribe, by Statute, the measures by which the Student Guild is to account
for the fees received, and those measures shall include —
(a) a
requirement that the annual financial statements of the Student Guild are to
be audited by an independent external auditor whose appointment requires
Council approval; and
(b) a
requirement for the Student Guild to provide a copy of each audited balance
sheet, and an annual statement of the Student Guild’s income and
expenditure, to the Council.
[Section 41B inserted by No. 44 of 2002
s. 8.]