148Returns

#### 148 Returns 148 Returns > > (1) A society must lodge returns with the Registrar in accordance with the regulations. > > > > Maximum penalty—20 penalty units. > > > (2) The Registrar may, by written notice, require a society to lodge such further returns as the Registrar requires. > > > (3) A further return must contain the information required by the notice and must be lodged as often as is required by the notice. > > > (4) Without limiting the effect of this section, the information that may be required in a further return may comprise or include information relating to— > > > > > (a) an entity controlled by the society, and > > > > > (b) a body corporate or other entity formed or acquired outside Australia by an entity controlled by the society, and > > > > > (c) a body corporate or other entity (whether within or outside Australia) with which— > > > > > > > (i) the society, or > > > > > > > (ii) an entity controlled by the society, or > > > > > > > (iii) a body corporate or other entity mentioned in paragraph (b), > > > > > > has invested funds. > > > (5) The Registrar may, by written notice, require a society to lodge with a return or further return a report by a registered company auditor, or other person of a specified class, on specified matters to which the return relates. > > > (6) A society that fails to comply with a requirement of a notice given to it under this section commits an offence. > > > > Maximum penalty—20 penalty units.