Schedule 3

The Board must —

keep proper accounts and records of its transactions and affairs; and

do all things necessary to ensure that —

all payments out of its moneys are correctly made and properly authorised; and

adequate control is maintained over the assets of, or in the custody of, the Board and over the expenditure incurred by the Board.(2) The Board must —

cause to be kept proper accounts and records of all transactions and affairs relating to the Fund;

do all things necessary to ensure that payments out of the Fund are correctly made and properly authorised; and

ensure that adequate control is maintained over the assets and receipts of the Fund.(3) The Board must appoint an officer to be an accounting officer of the Fund with responsibility for keeping proper accounts and records in relation thereto, and preparing and signing a statement of the Fund’s accounts in respect of each financial year.Auditor

whether the financial statements show fairly the financial transactions and the state of affairs of the Board;

whether proper accounting and other records have been kept, including records of all assets of the Board whether purchased, donated or otherwise;

whether the receipts, expenditure and investment of moneys and the acquisition and disposal of assets by the Board during the financial year were in accordance with the provisions of this Act; and

any other matters arising from the audit that the auditor considers necessary.Auditor’s report8.—

The auditor must, as soon as practicable after the accounts have been submitted for audit, send a report of the audit to the Board.(2) The auditor must submit such periodical and special reports to the Minister and to the Board as may appear to the auditor to be necessary or as the Minister or the Board may require.Powers of auditor9.—

The auditor or any person authorised by the auditor is entitled at any reasonable time to full and free access to all accounting and other records relating, directly or indirectly, to the financial transactions of the Board.(2) The auditor or any person authorised by the auditor may make copies of, or take extracts from, any such accounting and other records.(3) The auditor or any person authorised by the auditor may require any person to provide the auditor or person authorised with any information in the possession of that person or to which that person has access that the auditor or any duly authorised person considers necessary for the purposes of the auditor’s or authorised person’s functions under this Act.Penalty for obstructing auditor

to a fine not exceeding $1,000; and

in the case of a continuing offence, to a further fine not exceeding $250 for every day or part of a day during which the offence continues after conviction.