48Functions of treasurer of association

#### 48 Functions of treasurer of association 48 Functions of treasurer of association > > (1) General functions The functions of a treasurer of an association include the following— > > > > > (a) to notify members of contributions levied in accordance with this Act, > > > > > (b) to receive, acknowledge, bank and account for money paid to the association, > > > > > (c) to prepare association information certificates, > > > > > (d) to keep the accounting records and prepare the financial statements. > > > (2) Delegation by treasurer of functions The treasurer of an association may delegate the exercise of any of the treasurer’s functions (other than this power of delegation) to another member of the association committee of the association if— > > > > > (a) the delegation is specifically approved by the committee, and > > > > > (b) the committee specifically approves of the function being delegated to that member, and > > > > > (c) the delegation is subject to the limitations as to time or otherwise that the committee requires. > > > (3) While a delegate is acting in accordance with the terms of a delegation, the delegate is taken to be the treasurer of the association. > > > (4) Association committee may require treasurer to exercise functions jointly The association committee of an association may, by a written notice given to the treasurer of the association, order the treasurer not to exercise any of the treasurer’s functions that are specified in the notice unless the treasurer does so jointly with another person so specified.