Section 21

Every approved hospital shall cause to be kept proper accounts and records of all transactions and affairs relating to its Hospital Medifund Account and shall do all things necessary to ensure that all payments are correctly made and properly authorised and that adequate control is maintained over the moneys and receipts of its Hospital Medifund Account.

Every approved hospital shall, as soon as practicable after the close of the accounting period of its Hospital Medifund Account but not later than 30th June of each year, cause to be prepared and submitted financial statements in respect of that year to the auditor of the Hospital Medifund Account.