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Burial and Cremation Act 1964

Trustees

29: Accounting records must be kept

You could also call this:

"Trustees must keep accurate and easy-to-check financial records."

Illustration for Burial and Cremation Act 1964

You must keep accounting records as a trustee. These records must correctly show all transactions and help you ensure your financial statements comply with the Burial and Cremation Act 1964. They must also be easy to audit. You need to have a good system to control these records. You must keep the records in English, either in writing or in a format that can be easily converted to written English. As a trustee, you are responsible for keeping these records and making sure they are accurate and easy to access.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM355486.

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28: Finance, or

"Managing Cemetery Money"

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29A: Financial statements, or

"Trustees must prepare and sign financial reports each year by 31 August."

Part 3Trustees

29Accounting records must be kept

  1. Trustees must ensure that there are kept at all times accounting records that—

  2. correctly record the transactions of the trustees; and
    1. will enable the trustees to ensure that the financial statements of the trustees comply with this Act; and
      1. will enable the financial statements of the trustees to be readily and properly audited.

        1. Trustees must establish and maintain a satisfactory system of control of those accounting records.

        2. The accounting records must be kept—

        3. in written form in English; or
          1. in a form or manner in which they are easily accessible and convertible into written form in English.

            Notes
            • Section 29: replaced, on , by section 125 of the Financial Reporting (Amendments to Other Enactments) Act 2013 (2013 No 102).