sec.58AMeaning of reportable financial year

### sec.58A Meaning of reportable financial year An incorporated association’s reportable financial year is the same as the association’s financial year. However, subsection (1) is subject to subsections (3) to (6) . If an association is incorporated within 3 months before the end date of the association’s financial year, the association’s first reportable financial year is the period starting on the day of incorporation and ending on the second end date after incorporation. The end date of an association’s financial year is 30 June 2007. The association was incorporated on 1 April 2007. The period from 1 April 2007 until 30 June 2008 is a reportable financial year. If an association is incorporated more than 3 months before the end date of the association’s financial year, the association’s first reportable financial year is the period starting on the day of incorporation and ending on the first end date after incorporation. The end date of an association’s financial year is 30 June 2007. The association was incorporated on 1 March 2007. The period from 1 March 2007 until 30 June 2007 is a reportable financial year. If an association changes its financial year and the end date of the changed financial year is 15 months or less after the end date of the association’s last financial year, the association has a reportable financial year for the period starting on the day after the end date of the association’s last financial year and ending on the end date of the association’s changed financial year. The end date of an association’s financial year is 30 June 2007. At a general meeting, the association’s financial year is changed to have an end date of 31 July. The period from 1 July 2007 until 31 July 2008 is a reportable financial year. If an association changes its financial year and the end date of the changed financial year is more than 15 months after the end date of the association’s last financial year, the association has a reportable financial year for the period starting on the day after the end date of the association’s last financial year and ending on the day that is 12 months before the end date of the association’s changed financial year. The end date of an association’s financial year is 30 June 2007. At a general meeting, the association’s financial year is changed to have an end date of 31 October. The period from 1 July 2007 until 31 October 2007 is a reportable financial year in addition to the period from 1 November 2007 until 31 October 2008. An incorporated association’s reportable financial year will never be less than 3 months or more than 15 months. s 58A ins 2007 No. 16 s 18 (sec.58A-ssec.1) An incorporated association’s reportable financial year is the same as the association’s financial year. (sec.58A-ssec.2) However, subsection (1) is subject to subsections (3) to (6) . (sec.58A-ssec.3) If an association is incorporated within 3 months before the end date of the association’s financial year, the association’s first reportable financial year is the period starting on the day of incorporation and ending on the second end date after incorporation. The end date of an association’s financial year is 30 June 2007. The association was incorporated on 1 April 2007. The period from 1 April 2007 until 30 June 2008 is a reportable financial year. (sec.58A-ssec.4) If an association is incorporated more than 3 months before the end date of the association’s financial year, the association’s first reportable financial year is the period starting on the day of incorporation and ending on the first end date after incorporation. The end date of an association’s financial year is 30 June 2007. The association was incorporated on 1 March 2007. The period from 1 March 2007 until 30 June 2007 is a reportable financial year. (sec.58A-ssec.5) If an association changes its financial year and the end date of the changed financial year is 15 months or less after the end date of the association’s last financial year, the association has a reportable financial year for the period starting on the day after the end date of the association’s last financial year and ending on the end date of the association’s changed financial year. The end date of an association’s financial year is 30 June 2007. At a general meeting, the association’s financial year is changed to have an end date of 31 July. The period from 1 July 2007 until 31 July 2008 is a reportable financial year. (sec.58A-ssec.6) If an association changes its financial year and the end date of the changed financial year is more than 15 months after the end date of the association’s last financial year, the association has a reportable financial year for the period starting on the day after the end date of the association’s last financial year and ending on the day that is 12 months before the end date of the association’s changed financial year. The end date of an association’s financial year is 30 June 2007. At a general meeting, the association’s financial year is changed to have an end date of 31 October. The period from 1 July 2007 until 31 October 2007 is a reportable financial year in addition to the period from 1 November 2007 until 31 October 2008. An incorporated association’s reportable financial year will never be less than 3 months or more than 15 months.