§ 61 — Treasurer to render accounts

61.—(1) Every treasurer of a registered platform work association and every other officer of a registered platform work association who is responsible for the accounts of the platform work association or the collection, disbursement, custody or control of the funds or moneys of the platform work association, must —(a)

upon resigning or vacating his or her office;

(b)

at least once in every year at the time specified by the rules of the platform work association; and

(c)

at any other time at which he or she may be required to do so by a resolution of the members of the platform work association or by the rules of the platform work association,

render to the platform work association and its members a just and true account of —

(d)

all moneys received and paid by him or her during the period which has elapsed since the date of his or her assuming office, or if he or she has previously rendered an account, since the last date upon which he or she rendered such account;

(e)

the balance remaining in his or her hands, at the time of rendering such account; and

(f)

all bonds, securities or other property of the platform work association entrusted to his or her custody or under his or her control.

(2) The form of account may be prescribed by regulations.

(3) The account must be verified by statutory declaration, and the platform work association must cause the account to be audited by a fit and proper person approved by the Registrar.

(4) A platform work association must not cause the accounts to be audited under subsection (3) by the same person for a continuous period of more than 5 years without the prior written approval of the Minister.

(5) After the account has been audited, the treasurer or other officer mentioned in subsection (1) must immediately hand over to the trustees of the platform work association, if required by them to do so —(a)

such balance as appears to be due from him or her; and

(b)

all bonds, securities, effects, books, papers and property of the platform work association in his or her hands or custody, or otherwise under his or her control.

(6) The Registrar may by written notice direct the attendance before the Registrar, at the place and time set out in the notice, of any person appointed to audit the accounts of a platform work association for any purpose related to the audit.

(7) The Registrar may, if he or she thinks it necessary, by written notice direct any platform work association to —(a)

cause the accounts to be audited by any person other than the person who first audited the accounts; or

(b)

cause the accounts to be further audited in any manner required by the Registrar.

(8) All expenses incurred by a platform work association in complying with the direction of the Registrar must be borne by the platform work association.

(9) Any person who fails to comply with the Registrar’s direction under subsection (6) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $2,000 or to imprisonment for a term not exceeding 6 months or to both.

(10) Any platform work association which fails to comply with the Registrar’s direction under subsection (7) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $2,000.

—(1) Every treasurer of a registered platform work association and every other officer of a registered platform work association who is responsible for the accounts of the platform work association or the collection, disbursement, custody or control of the funds or moneys of the platform work association, must —(a)

upon resigning or vacating his or her office;

(b)

at least once in every year at the time specified by the rules of the platform work association; and

(c)

at any other time at which he or she may be required to do so by a resolution of the members of the platform work association or by the rules of the platform work association,

render to the platform work association and its members a just and true account of —

(d)

all moneys received and paid by him or her during the period which has elapsed since the date of his or her assuming office, or if he or she has previously rendered an account, since the last date upon which he or she rendered such account;

(e)

the balance remaining in his or her hands, at the time of rendering such account; and

(f)

all bonds, securities or other property of the platform work association entrusted to his or her custody or under his or her control.

(2) The form of account may be prescribed by regulations.

(3) The account must be verified by statutory declaration, and the platform work association must cause the account to be audited by a fit and proper person approved by the Registrar.

(4) A platform work association must not cause the accounts to be audited under subsection (3) by the same person for a continuous period of more than 5 years without the prior written approval of the Minister.

(5) After the account has been audited, the treasurer or other officer mentioned in subsection (1) must immediately hand over to the trustees of the platform work association, if required by them to do so —(a)

such balance as appears to be due from him or her; and

(b)

all bonds, securities, effects, books, papers and property of the platform work association in his or her hands or custody, or otherwise under his or her control.

(6) The Registrar may by written notice direct the attendance before the Registrar, at the place and time set out in the notice, of any person appointed to audit the accounts of a platform work association for any purpose related to the audit.

(7) The Registrar may, if he or she thinks it necessary, by written notice direct any platform work association to —(a)

cause the accounts to be audited by any person other than the person who first audited the accounts; or

(b)

cause the accounts to be further audited in any manner required by the Registrar.

(8) All expenses incurred by a platform work association in complying with the direction of the Registrar must be borne by the platform work association.

(9) Any person who fails to comply with the Registrar’s direction under subsection (6) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $2,000 or to imprisonment for a term not exceeding 6 months or to both.

(10) Any platform work association which fails to comply with the Registrar’s direction under subsection (7) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $2,000.