74Financial records and accounts during first year of approval

74 Financial records and accounts during first year of approval (1) The trustees of a scheme must keep accounting records for the scheme for the first year of approval and prepare the accounts of the scheme as soon as practicable after each period of 3 months, to be audited under regulation 75. (2) However, if a period of less than 3 months remains at end of the scheme's first year of approval, the accounts for that period are to be prepared as part of the accounts for the first financial year. (3) The accounts must be prepared in accordance with: (a) the accounting standards; and (b) any requirements the Minister specifies by Gazette notice.