New South Wales Consolidated Acts

COMMUNITY LAND MANAGEMENT ACT 2021 - SECT 105

105 Persons who can exercise functions relating to the finances and accounts of the association

A person must not exercise the functions of an association or the treasurer of an association relating to the receipt or expenditure of, or accounting for, money of the association or the keeping of the books of account of the association unless the person is--

(a) the treasurer of the association, or

(b) a managing agent who is empowered to exercise that function, or

(c) a person with whom the treasurer of the association is required by an order of the association committee to exercise that function jointly, and who is enabling the treasurer to comply with the order, or

(d) a member of CPA Australia, or a member of the Institute of Chartered Accountants in Australia, authorised by the association to exercise the function, or

(e) a member of the Institute of Public Accountants authorised by the association to exercise the function, or

(f) during the initial period only--a person authorised by the association to exercise the function.

: Maximum penalty--5 penalty units.