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Co-operative Housing and Starr-Bowkett Societies Act 1998
125Financial year of association
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125 Financial year of association
125 Financial year of association
(1) The financial year of an association is to be the same as that of its component societies.
(2) If the financial years of its component societies are not the same, the Registrar may (for the purpose of ensuring that their financial years are the same) give a direction in writing to any of the societies requiring them to change their financial years in accordance with the direction.
(3) A society must comply with a direction given to the society under this section.
Maximum penalty—20 penalty units.