New South Wales Consolidated Regulations

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Responsibility for accounting records

207 Responsibility for accounting records

(1) The responsible accounting officer of a council is responsible for keeping the council's accounting records.
(2) The responsible accounting officer must ensure that the accounting records are kept up-to-date and in an accessible form.
(3) The responsible accounting officer must take all reasonable measures to ensure that:
(a) all money payable to the council is collected or recovered promptly, and
(b) appropriate arrangements are implemented for the security and banking of money received by the council, and
(c) the assets of or under the control of the council are properly accounted for, and
(d) liabilities are incurred by the council only with the authority of the council and the council's funds are properly spent in meeting those liabilities, and
(e) appropriate budgeting and accounting systems (including internal control systems) are established and maintained for the purposes of the council, and
(f) adequate measures are taken to protect the council's valuable securities and accounting records from loss, destruction, damage and theft.

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