NSWIn ForceAct
Local Government Act 1993
412Accounting records
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412 Accounting records
412 Accounting records
(1) A council must keep such accounting records as are necessary to correctly record and explain its financial transactions and its financial position.
(2) In particular, a council must keep its accounting records in a manner and form that facilitate—
(a) the preparation of financial reports that present fairly its financial position and the results of its operations, and
(b) the convenient and proper auditing of those reports.