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Associations Incorporation Act 1991
71Accounting records
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71 Accounting records
An incorporated association must—
(a) keep accounting records that correctly record and explain the
transactions (including any transactions as trustee) and the
financial position of the association; and
(b) keep its accounting records in such a way that—
(i) true and fair accounts of the association can be prepared
from time to time; and
(ii) a statement of the accounts of the association can
conveniently and properly be reviewed or audited in
accordance with this part; and
(c) retain its accounting records for at least 7 years after the
transactions to which they relate were completed.