Section 13

Every Medifund committee must cause to be kept proper accounts and records of all transactions and affairs relating to its Medifund Account and must 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 Medifund Account.

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

The accounting period of a Medifund Account begins on 1 April of each year and ends on 31 March of the succeeding year.