Building Societies Act 1965

Management and administration - Accounting records and financial reporting

90: Accounting records must be kept

You could also call this:

"Building societies must keep careful records of their money"

You need to keep proper records of your money if you have a building society. This is a rule that comes from another law called the Financial Markets Conduct Act 2013. It says you must follow a part of that law which tells you how to keep track of your money. This part is called subpart 2 of Part 7. It's important to follow these rules to make sure you're doing everything right with your building society's money.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM372035.


Previous

89: Office management, or

"How to keep important papers safe in your building society"


Next

91: Financial reporting, or

"Building societies must follow rules for reporting their money and sharing the information"

Part 7Management and administration
Accounting records and financial reporting

90Accounting records must be kept

  1. Every society must comply with subpart 2 of Part 7 of the Financial Markets Conduct Act 2013 (which relates to accounting records).

Notes
  • Section 90: replaced, on , by section 6 of the Financial Reporting (Amendments to Other Enactments) Act 2013 (2013 No 102).