ASSOCIATIONS INCORPORATION REFORM ACT 2012 (NO. 20 OF 2012) - SECT 93 Review of financial statements
ASSOCIATIONS INCORPORATION REFORM ACT 2012 (NO. 20 OF 2012) - SECT 93
Review of financial statements(1) A tier one association must have its financial statements reviewed before being submitted to the annual general meeting of the association if—
(a) at a general meeting of the association, a majority of the members present at the meeting vote to do so; or
(b) the association is directed by the Registrar in writing to do so.
Penalty: 10 penalty units.
(2) If a review is required under subsection (1), the review must be conducted in accordance with section 96 except that any reference in that section to a tier two association is to be read as a reference to a tier one association.