These standards implement the Community Services (Aborigines) Act 1984. They provide standards for Aboriginal councils that are, by law, requested to develop and implement a system for managing financial information (sect. 3). Part 3 concerns accounting and Part 4 internal control and internal audit. The standards are completed by two schedules: minimum period for keeping financial information and dictionary.
Implements: Community Services (Aborigines) Act 1984. (2003-07-01)