Victorian Current Acts Victorian Current ActsS. 20(1) amended by Nos 54/2005 s. 13(a), 61/2016 s. 26.
(1) The Council must cause to be kept proper accounts and records of the transactions and affairs of the University and shall do all things necessary to ensure that all payments out of moneys of the University are correctly made and properly authorized and that adequate control is maintained over the assets of or in the custody of the University and over the incurring of liabilities by the University.
S. 20(2) amended by Nos 54/2005 s. 13(b), 61/2016 s. 26.
(2) The accounts and records shall be kept at the office of the University or at such other place or places as the Council thinks fit and shall be open to inspection by members of the Council at all times and to such other persons as the Council shall from time to time determine at such times and places and subject to such conditions as it thinks fit.
S. 20(3) amended by Nos 54/2005 s. 13(c), 61/2016 s. 26.
(3) The Council shall cause the accounts of the University to be audited once in each year by a registered company auditor.
S. 20A inserted by No. 54/2005 s. 14.