32AAccounting records

32A Accounting records

*[Section 32A Inserted by No. 20 of 1995, s. 3 and Sched. 1 ]*The Authority must –

(a) keep such accounting records as correctly record and explain its transactions (including any transactions as trustee) and financial position; and

(b) keep those records in a manner that –

(i) allows true and fair accounts of the Authority to be prepared from time to time; and

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

(iii) [Section 32A Amended by No. 50 of 2008, Sched. 2, Applied:01 Jul 2010] subject to any contrary written direction given by the Treasurer to the Authority, complies with Australian Accounting Standards; and

(iv) [Section 32A Amended by No. 50 of 2008, Sched. 2, Applied:01 Jul 2010] complies with any written directions given by the Treasurer to the Authority.