4Definitions

4 Definitions In this Act: accountants body means CPA Australia, the Institute of Chartered Accountants in Australia or the Institute of Public Accountants. accounting records includes invoices, receipts, orders for the payment of money, bills of exchange, cheques, promissory notes, vouchers and other documents of prime entry, books and records which record the documents necessary to explain the methods and calculations by which accounts are made up. accounts, in relation to an incorporated association, means: (a) a combination of: (i) an account of receipts and payments recording the total receipts and payments based on the cash method of accounting; and (ii) a statement of assets and liabilities; or (b) a combination of: (i) an account of income and expenditure recording the total income and expenditure based on the accrual method of accounting; and (ii) a balance sheet; together with the statements, reports and notes, other than an auditor's report, attached to and intended to be read with the account, statement or balance sheet. affairs, of an incorporated association, include a trust relating to the approved form means a form approved under section 4C.

Associations Act 2003 4 association means: (a) an association, society, institution or body formed or carried on for: (i) a religious, educational, benevolent or charitable purpose; or (ii) the purpose of providing medical treatment or attention; or (iii) the purpose of promoting or encouraging literature, science, art or a cultural activity; or (iv) the purpose of recreation or amusement; or (v) the purpose of beautifying or improving a community centre; being an association, society, institution or body the activities of which are carried on in whole or in part in the Territory; or (b) another association, society, institution or body certified in writing by the Minister to be an association for this Act; or (c) a trading association. books includes a register or other record of information and accounts or accounting records, however compiled, recorded or stored and any other document. CEO means the Chief Executive Officer. committee, for an association, means: (a) the committee (however described or comprised) established under the constitution of the association; or (b) the person having the management of the affairs of the contravene includes fail to comply with. Director means the person holding or occupying the office of Director mentioned in section 4A. disqualified person means a person for whom a declaration under section 40 is in force.

Associations Act 2003 5 financial year, in relation to an incorporated association, means: (a) in the case of an incorporated association whose constitution fixes a period ending on a specified day as the association's financial year: (i) if the period is fixed or varied at incorporation or during the first financial year of the association – the period not exceeding 18 months commencing on the date of incorporation and ending on the day specified; or (ii) if the period is fixed or varied during a subsequent financial year – the period not exceeding 12 months commencing at the end of the last preceding financial year and ending on the day specified; or (iii) each succeeding period of 12 months ending on the day specified; or (b) in the case of an incorporated association whose constitution does not fix a period as the association's financial year: (i) the period commencing on the date of incorporation and ending on the next succeeding 30 June; and (ii) each succeeding period of 12 months ending on