Northern Territory Consolidated Acts Northern Territory Consolidated Acts(1) The Board shall cause to be kept proper accounts and records of the transactions and affairs of the School and shall do all things necessary to ensure that all payments out of the moneys of the School are correctly made and properly authorized and that adequate control is maintained over the assets of, or in the custody of, the School and over the incurring of liabilities by the School.
(2) The Board must provide the Council with quarterly accounts of the operations of the School.