New South Wales Consolidated Acts

GOVERNMENT SECTOR FINANCE ACT 2018 - SECT 4.16

4.16 Keeping of information concerning SDA accounts

(1) The responsible manager for an SDA account must keep records and other information concerning the operation of the account that--

(a) explain whether the operation of the account (including payments into and out of the account) has been in accordance with the Act or other instrument establishing the account, and

(b) allow for the preparation and audit of financial reports required for section 7.8, and

(c) allow for compliance with reporting requirements of the Act or other instrument establishing the account.

Note--: Section 7.8 also requires the responsible manager for an SDA account to cause financial reports for the account about the management of the account (called
"SDA account financial reports" ) to be prepared in accordance with the Treasurer's directions.

(2) The
"responsible manager" for an SDA account is--

(a) a person nominated from time to time by the Minister who administers the account or the legislation under which the account is established, or

(b) if paragraph (a) does not apply--any person that the Treasurer has directed in writing to exercise the functions of the responsible manager of the account under this Act.

(3) The Treasurer's directions may make provision for or with respect to the kinds of reports or other information to be kept for the purposes of subsection (1).