11Treasurer, &c., to account

11 Treasurer, &c., to account

[Section 11 Amended by 25 Geo. V No. 78 ]

(1)  Every treasurer or other officer of a trade union registered under this Act, at such times as by the rules of such trade union he should render such account as hereinafter mentioned, or upon being required so to do, shall render to the trustees of the trade union, or to the members of such trade union, at a meeting of the trade union, a just and true account of all moneys received and paid by him since he last rendered the like account and of the balance then remaining in his hands, and of all bonds and securities of such trade union.

(2)  The trustees shall cause such account to be audited by some fit and proper person by them to be appointed.

(3)  Such treasurer, if thereunto required, upon the said account being audited, shall forthwith hand over to the said trustees the balance which on such audit appears to be due from him, and shall also, if required, hand over to such trustees all securities and effects, books, papers, and property of the said trade union in his hands or custody; and if he fail to do so the trustees of the said trade union may sue such treasurer in any competent court for the balance appearing to have been due from him upon the account last rendered by him, and for all the moneys since received by him on account of the said trade union, and for the securities and effects, books, papers, and property in his hands or custody, leaving him to set off in such action the sums, if any, which he may have since paid on account of the said trade union.

(4)  [Section 11 Subsection (4) amended by No. 23 of 2009, s. 44, Applied:16 Jun 2009] In any such action the said trustees shall be entitled to recover their full costs to be taxed as between Australian legal practitioner and client.