24BAnnual returns

24B Annual returns

[Section 24B Inserted by No. 43 of 1983, s. 12 ]

(1)  [Section 24B Subsection (1) amended by No. 14 of 2016, s. 6, Applied:01 Oct 2016] If an incorporated association is not exempted under section 24(1B) or (1C) , the incorporated association shall, within a period of 6 months after the end of its financial year, lodge with the Commissioner an annual return containing–

(a) a report on the accounts of the association stating whether the association has, in the opinion of the auditor of that association, kept proper accounting records and other books during the period covered by those accounts;

(b) such statements as in the opinion of the auditor are adequate to explain its financial transactions for that financial year and its financial position at the end of that financial year;

(c) a report by the auditor on the statements referred to in paragraph (b) ; and

(d) a list, signed by the auditor, of the names and residential addresses of the committee for that financial year.

(1A)  [Section 24B Subsection (1A) amended by No. 14 of 2016, s. 6, Applied:01 Oct 2016] *[Section 24B Subsection (1A) inserted by No. 13 of 1993, s. 13 ]*If an incorporated association is exempted under section 24(1B) or (1C) , the incorporated association must, within a period of 6 months after the end of each financial year, lodge with the Commissioner an annual return, signed by the public officer, containing–

(a) a statement of the association's income and expenditure for that financial year; and

(b) a list of the names and residential addresses of the committee for that financial year.

(1B)  [Section 24B Subsection (1B) inserted by No. 14 of 2016, s. 6, Applied:01 Oct 2016] Despite subsection (1) or (1A) , an incorporated association is not required to provide an annual return under this section for a financial year if the incorporated association –