(1) A school representative body must keep financial records of any money received by the body and any dealings with that money.
(2) Financial records must be kept in the manner prescribed by regulation or in any manner, consistent with the Regulations, that is specified in writing by the CEO acting with the advice of the Treasurer.
(3) The CEO, or a person authorised in writing for that purpose by the CEO, may, at any time, inspect or audit the financial records of a school representative body.
(4) The Regulations may provide for the appointment of a secretary or treasurer to a school representative body.