49Lodgment of summary with Secretary

#### 49 Lodgment of summary with Secretary 49 Lodgment of summary with Secretary > > (1) A Tier 2 association must lodge with the Secretary, in accordance with this section, a summary, in the approved form, of the association’s financial affairs for the previous financial year. > > > > Maximum penalty—5 penalty units. > > > (2) The summary— > > > > > (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 summary is taken not to have been lodged if the relevant fee has not been paid. > > **s 49:** Am 2011 No 27, Sch 1.2 \[2\].