sec.33AChief executive may require lodgement of financial statement or return

sec.33A Chief executive may require lodgement of financial statement or return

This section applies to each of the following entities— a charity registered under this Act; an association whose objects are a community purpose sanctioned under this Act; a promoter of an appeal for support for a purpose to which part 3 applies. The chief executive may direct the entity to do any of the following— prepare a financial statement for a reportable financial year of the entity; prepare a return containing the information stated in the direction; lodge the financial statement mentioned in paragraph (a) or return mentioned in paragraph (b) within a period stated in the direction; cause information contained in the financial statement mentioned in paragraph (a) to be audited or verified by an appropriately qualified person prescribed by regulation. The entity must comply with the direction. Maximum penalty—20 penalty units. To remove any doubt, it is declared that this section also applies to an exempt charity or exempt association. s 33A ins 2020 No. 17 s 54 (sec.33A-ssec.1) This section applies to each of the following entities— a charity registered under this Act; an association whose objects are a community purpose sanctioned under this Act; a promoter of an appeal for support for a purpose to which part 3 applies. (sec.33A-ssec.2) The chief executive may direct the entity to do any of the following— prepare a financial statement for a reportable financial year of the entity; prepare a return containing the information stated in the direction; lodge the financial statement mentioned in paragraph (a) or return mentioned in paragraph (b) within a period stated in the direction; cause information contained in the financial statement mentioned in paragraph (a) to be audited or verified by an appropriately qualified person prescribed by regulation. (sec.33A-ssec.3) The entity must comply with the direction. Maximum penalty—20 penalty units. (sec.33A-ssec.4) To remove any doubt, it is declared that this section also applies to an exempt charity or exempt association.

• (a) a charity registered under this Act;
• (b) an association whose objects are a community purpose sanctioned under this Act;
• (c) a promoter of an appeal for support for a purpose to which part 3 applies.
• (a) prepare a financial statement for a reportable financial year of the entity;
• (b) prepare a return containing the information stated in the direction;
• (c) lodge the financial statement mentioned in paragraph (a) or return mentioned in paragraph (b) within a period stated in the direction;
• (d) cause information contained in the financial statement mentioned in paragraph (a) to be audited or verified by an appropriately qualified person prescribed by regulation.