40Duties of the treasurer

40 Duties of the treasurer

(1)  The treasurer of the Council must –

(a) meet with the Executive Director, or the auditor appointed in respect of the Society or such staff of the society as are necessary, in order to review –

(i) the financial statements and accounting policies of the Society; and

(ii) the assets and liabilities of the Society; and

(iii) an audit performed in respect of the Society; and

(b) as requested by the Council, report to the Council on –

(i) the financial statements and accounting policies of the Society; and

(ii) the assets and liabilities of the Society; and

(iii) the current financial position of the Society as a whole; and

(iv) an audit performed in respect of the Society; and

(c) as requested by the Council, report to and advise the Council on the policies, procedures and financial management practices of the Society; and

(d) assist the Council in discharging its corporate governance responsibilities including, but not limited to, advising the Council on –

(i) the finances of the Society; and

(ii) the financial reporting requirements for the Society; and

(iii) the actions necessary for the Society to comply with all relevant legislation, standards and best practice guidelines and principles that relate to the finances, audits and investments of, and financial risk to, the Society; and

(iv) the investments and assets of the Society.

(2)  Without limiting the powers of the Council, the Council may authorise the treasurer of the Council to –

(a) exercise the powers of the Council, as specified in the authorisation, in relation to the finances, assets and liabilities of the Society; and

(b) perform the functions of the Council, as specified in the authorisation, in relation to the finances, assets and liabilities of the Society.