South Australian Repealed Regulations

This legislation has been repealed.

COUNTRY FIRES REGULATIONS 1989 - REG 19

19—Accounts and audits

        (1)         Each C.F.S. organisation must open and maintain an operating account at an ADI.

        (2)         A C.F.S. organisation must ensure that proper accounting records are kept of the financial affairs of the organisation.

        (3)         A C.F.S. organisation must, as soon as practicable after the end of each financial year, cause accounts in respect of that financial year to be prepared and audited—

            (a)         by a member of the Australian Society of Accountants; or

            (b)         by a member of The Institute of Chartered Accountants in Australia; or

            (c)         by a person (not being a member of the C.F.S.) with such other qualifications or experience as the Board may approve for the purposes of this regulation.

        (4)         A member of the C.F.S. cannot audit the accounts of a C.F.S. organisation of which he or she is a member.

        (5)         A copy of the audited accounts of a C.F.S. organisation must be presented to the members of the organisation at its annual general meeting.

        (6)         A member of a C.F.S. organisation must, at the request of the auditor for that organisation, produce any accounts or other financial records of the organisation in his or her possession for the auditor's inspection.

Penalty: Division 7 fine.

        (7)         A member of a C.F.S. organisation must, at the request of the auditor for that organisation, provide the auditor with any explanations or information that the auditor requires for the purposes of an audit.

Penalty: Division 7 fine.