45Lodgment of documents with Secretary

45 Lodgment of documents with Secretary

45 Lodgment of documents with Secretary

(1) A Tier 1 association must lodge the following documents with the Secretary in accordance with this section—

(a) a summary, in the approved form, of the association’s financial affairs for the previous financial year,

(b) the association’s financial statements for that year,

(c) the auditor’s report for those statements,

(d) a document setting out the terms of any resolution passed at the association’s annual general meeting in connection with the documents referred to in paragraphs (b) and (c).

Maximum penalty—5 penalty units.

(2) The documents referred to in subsection (1)—

(a) must be lodged within—

(i) one month after the annual general meeting for the current financial year, or

(ii) 7 months after the end of the previous financial year,

whichever is the earlier, or within such further time as the Secretary may allow, and

(b) must be accompanied by the fee prescribed by the regulations.

(3) For the avoidance of doubt, the documents referred to in subsection (1) are taken not to have been lodged if the relevant fee has not been paid.

s 45: Am 2011 No 27, Sch 1.2 [1].