(1)  The Director is responsible for –

(a) ensuring that payments from the Director's funds are correctly made and properly authorised; and

(b) maintaining adequate control over –

(i) any assets of, or in the custody of, the Director; and

(ii) the incurring of Director's liabilities.

(2)  The Director is to keep accounting records that correctly record and explain the Director's transactions and financial position.

(3)  The accounts and records of the Director are subject to the Financial Management and Audit Act 1990 .