South Australian Current Acts

LOCAL GOVERNMENT ACT 1999 - SECT 124

124—Accounting records to be kept

        (1)         A council must—

            (a)         keep such accounting records as correctly and adequately record and explain the revenues, expenses, assets and liabilities of the council; and

            (b)         keep its accounting records in such manner as will enable—

                  (i)         the preparation and provision of statements that present fairly financial and other information; and

                  (ii)         the financial statements of the council to be conveniently and properly audited.

        (2)         The accounting records may be kept in a form or forms, and in a place or places (within the State), as the council determines.

        (3)         A member of the council is entitled to inspect the accounting records at any reasonable time.