23AIncorporated association to keep accounts

### 23A Incorporated association to keep accounts > *\[Section 23A Inserted by No. 43 of 1983, s. 10 \]* > > > (1)  An incorporated association shall – > > > > > > (a) keep such accounting records as correctly record and explain the transactions of the association (including any transactions as trustee) and the financial position of the association; and > > > > > > > (b) keep its accounting records in such a manner as will enable – > > > > > > > > > > (i) the preparation from time to time of true and fair accounts of the association; and > > > > > > > > > > > (ii) the accounts of the association to be conveniently and properly audited in accordance with this Act. > > > (2)  The accounting records of an incorporated association shall be kept in writing in the English language. > > > (3)  An incorporated association shall retain the accounting records kept under [subsection (1)](#GS23A@Gs1@EN) for such period as may be prescribed or, if no such period is prescribed, a period of 7 years after the completion of the transactions to which they relate. > > > (4)  An incorporated association shall keep the accounting records referred to in [subsection (1)](#GS23A@Gs1@EN) at such place or places in Tasmania as the committee thinks appropriate. > > > (5)  *\[Section 23A Subsection (5) amended by No. 43 of 1991, s. 5 and Sched. 1 \]*If default is made in complying with a provision of this section, the incorporated association and every member of the committee who failed to take all reasonable steps to secure compliance by the incorporated association with the provision are each guilty of an offence and are liable on summary conviction to a fine not exceeding 5 penalty units. > > > (6)  In any proceedings against a person for failure to take all reasonable steps to secure compliance by the incorporated association with a provision of this section, it is a defence if that person proves that he had reasonable grounds to believe and did believe that a competent and reliable person was charged with the duty of seeing that the provision was complied with and was in a position to discharge that duty.