sec.138Inspection of accounting records

sec.138 Inspection of accounting records

A society must make its accounting records available at all reasonable times for inspection without fee by a director of the society and by anyone else authorised or permitted under this Act to inspect the accounting records. Maximum penalty—160 penalty units. The Supreme Court may, on application by a director of a society, make an order authorising a registered company auditor acting for the director to inspect the society’s accounting records. A registered company auditor who inspects accounting records under a court order must not disclose to a person other than the director on whose application the order was made information acquired during the inspection. Maximum penalty—160 penalty units. The cost of an inspection conducted under a court order must be met by the society. (sec.138-ssec.1) A society must make its accounting records available at all reasonable times for inspection without fee by a director of the society and by anyone else authorised or permitted under this Act to inspect the accounting records. Maximum penalty—160 penalty units. (sec.138-ssec.2) The Supreme Court may, on application by a director of a society, make an order authorising a registered company auditor acting for the director to inspect the society’s accounting records. (sec.138-ssec.3) A registered company auditor who inspects accounting records under a court order must not disclose to a person other than the director on whose application the order was made information acquired during the inspection. Maximum penalty—160 penalty units. (sec.138-ssec.4) The cost of an inspection conducted under a court order must be met by the society.