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Labour Relations Act, 1995 (Act No. 66 of 1995)

Notices

Bargaining Council for the Building Industry, Bloemfontein

Extension of Collective Agreement to Non-Parties

17. Accounting and Auditing

 

(1) The Council shall ensure that proper books of account and records are kept in its financial affairs in accordance with acceptable accounting practises in respect of each of the funds administered by the Council and that an annual audit of each of the individual funds be performed in accordance with the provisions of the Act and the Council's Constitution.

 

(2) The Council shall ensure compliance with section 53 of the Act.

 

(3) All audited statements and annual reports of the Council and its various funds shall be lodged with the Registrar of Labour Relations annually and shall also be available at the offices of the Council for inspection by contributors to the various funds to ensure accountability and transparency within the administration of the Council.

 

(4) The members of the Council or its management committee or its officials shall not be liable for any debts and liabilities of the Council or any of its funds, and they are hereby indemnified by the Council against all losses and expenses incurred by them in the bona fide lawful discharge of their duties.