ASSOCIATIONS INCORPORATION REFORM ACT 2012 (NO. 20 OF 2012) - SECT 102 Lodgement of financial statements with Registrar

ASSOCIATIONS INCORPORATION REFORM ACT 2012 (NO. 20 OF 2012) - SECT 102

    (1)     Subject to section 103, after each financial year of the association, the secretary of an incorporated association must lodge with the Registrar in accordance with this section a copy of the financial statements of the association prepared for that year.

Penalty:     5 penalty units.

    (2)     The financial statements must be lodged with the Registrar—

        (a)     within one month after the date of the annual general meeting of the association in which the financial statements were submitted to the members of the association; or

        (b)     if the annual general meeting is not held within the period within which it is required under this Act to be held—within one month after the last day of that period.

Note

Under section 63(4), an annual general meeting of an incorporated association (other than the first annual general meeting) must be held within 5 months after the end of the previous financial year.

    (3)     The financial statements must be attached to an annual statement in the approved form and be accompanied by—

        (a)     in the case of a tier two association or a tier one association to which section 93(1) applies—a copy of the report of the review of the financial statements provided in accordance with section 96(2)(b); and

        (b)     in the case of a tier three association—a copy of the auditor's report referred to in section 99(3)(b); and

        (c)     the prescribed fee (if any).

    (4)     In addition, the financial statements must be accompanied by—

        (a)     a copy of the certificate referred to in section 94(3), 97(3) or 100(3) (as the case may be); and

        (b)     a statement of the terms of any resolution passed at the annual general meeting concerning the financial statements.

    (5)     Subsection (4) does not apply if the financial statements are lodged within the period specified in subsection (2)(b) and before the association has held its annual general meeting.