37Accounting records

37 Accounting records

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) subject to any contrary written direction given by the Minister to the Authority, complies with Australian Accounting Standards; and

(iv) complies with any written directions given by the Minister to the Authority.