(a) (Proper books of account): Project Co must:
(i) keep proper books and accounts and all other records at its offices; and
(ii) ensure that each other Group Member, the D&C Contractor (during the Development Phase) and the Services Contractor (during the Operational Phase) keep proper books and accounts and all other records in connection with the Project at their respective offices.
(b) (Annual audit): Project Co must have its accounts, and must ensure that each other Group Member, the D&C Contractor (during the Development Phase) and the Services Contractor (during the Operational Phase) have their accounts audited annually on both an unconsolidated basis and on a consolidated basis (to the extent that Project Co or any of the other Group Members are part of a consolidated entity, within the meaning of the Corporations Act).
(c) (Accounting principles): Project Co must ensure that its accounts and the accounts of each other Group Member, the D&C Contractor (during the Development Phase) and the Services Contractor (during the Operational Phase) are prepared:
(i) in accordance with the Corporations Act and generally accepted Australian accounting principles and practices; and
(ii) in a manner which fairly represent its operations and financial position or consolidated financial position (as the case may be).
(d) (Availability of accounts): Project Co must ensure that its books and accounts and all other records, and the books and accounts and all other records in connection with the Project of each Group Member, are available to the State and any person authorised by the State at any time during Business Hours (subject to receiving 2 Business Days' notice from the State) during the Term for examination, audit, inspection, transcription and copying.
(e) (Availability of accounts if Deed is terminated): Without limiting its obligations under clause 47, if this Deed is terminated, Project Co must give access to all of its books and accounts and all other records, and must ensure that each other Group Member gives access to all of their books and accounts and all other records in connection with the Project, to the State and any State Associate where it is necessary for the carrying out of the Project Activities.