Building Societies Act 1965
Management and administration - Accounting records and financial reporting
90: Accounting records must be kept
"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.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM372035.