Singapore legislation
Regulation 21
of Platform Workers (Platform Work Associations) Regulations 2024
Regulation 21
Duty to keep accounts and records, etc.
Subregulation 1
Every registered platform work association must —
keep proper accounts and records of its transactions and affairs, which must include a cash book, a journal and a general ledger with respect to its transactions, assets and liabilities;
establish and maintain a system of control to ensure that all payments out of its moneys are correctly made and properly authorised and that adequate control is maintained over the assets of, or in the custody of, the registered platform work association and over the expenditure incurred by it; and
keep all books of account and their source documents for a period of not less than 5 years.
Subregulation 2
The accounts and records kept by a registered platform work association under paragraph (1) must include any accounts and records that are necessary to show a true and fair view of the state of affairs of the registered platform work association and to explain its transactions.
Subregulation 3
Despite paragraphs (1) and (2), the Registrar may, if the Registrar thinks it necessary, by written notice require any registered platform work association to maintain any other accounts and records that may be specified in the notice.