sec.59FChief executive may require lodgement of financial information

### sec.59F Chief executive may require lodgement of financial information The chief executive may direct an incorporated association— to give the chief executive, within a stated period and in a stated way, stated financial information, including, for example, financial records, relating to the association; and to cause the financial information mentioned in paragraph (a) to be audited, verified or examined by an auditor, accountant or approved person. If the incorporated association does not comply with the direction, each of the following persons commit an offence— the secretary of the association; the president of the association; the treasurer of the association. Maximum penalty—20 penalty units. To remove any doubt, it is declared that this section also applies to an exempt association under section 59A , 59AA or 59AB . s 59F ins 2020 No. 17 s 25 (sec.59F-ssec.1) The chief executive may direct an incorporated association— to give the chief executive, within a stated period and in a stated way, stated financial information, including, for example, financial records, relating to the association; and to cause the financial information mentioned in paragraph (a) to be audited, verified or examined by an auditor, accountant or approved person. (sec.59F-ssec.2) If the incorporated association does not comply with the direction, each of the following persons commit an offence— the secretary of the association; the president of the association; the treasurer of the association. Maximum penalty—20 penalty units. (sec.59F-ssec.3) To remove any doubt, it is declared that this section also applies to an exempt association under section 59A , 59AA or 59AB . - (a) to give the chief executive, within a stated period and in a stated way, stated financial information, including, for example, financial records, relating to the association; and - (b) to cause the financial information mentioned in paragraph (a) to be audited, verified or examined by an auditor, accountant or approved person. - (a) the secretary of the association; - (b) the president of the association; - (c) the treasurer of the association.