24Accounting records

24 Accounting records

(1)  The Authority is to keep accounting records that correctly record and explain its transactions and financial position.

(2)  The records are to be kept in a manner that –

(a) allows true and fair accounts of the Authority to be prepared; and

(b) allows its accounts to be conveniently and properly audited or reviewed; and

(c) subject to any contrary direction of the Treasurer, complies with Australian Accounting Standards; and

(d) [Section 24 Subsection (2) amended by No. 50 of 2008, Sched. 2, Applied:01 Jul 2010] complies with any direction of the Treasurer.