239HFinancial records

#### 239H Financial records 239H Financial records > > (1) A private water trust must cause proper accounts and records to be kept in relation to all the operations of the trust. > > > (2) The trust must prepare financial statements for each financial year of the trust. > > > (3) Section 7.6 of the [Government Sector Finance Act 2018](/view/html/inforce/current/act-2018-055) applies to financial statements required to be prepared under this section in the same way that it applies to annual GSF financial statements required to be prepared under that Act. > > > (4) The financial statements must be submitted for verification and certification to an auditor appointed in the manner prescribed by the rules of the trust. > > > (5) The regulations may provide for the qualifications for appointment as an auditor under this section. > > > (6) A trustee of a trust or a member of a trust must not be appointed to audit the financial statements of the trust. > > **s 239H:** Ins 2010 No 133, Sch 2\[59\].