Collections Regulation 2008
sec.30CBVerifying financial statements for entities that have total revenue of less than $150,000— Act , s 32
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sec.30CB Verifying financial statements for entities that have total revenue of less than $150,000— Act , s 32
This section prescribes for section 32 (3) (c) of the Act the way for verifying a financial statement for an entity that has a total revenue of less than $150,000. The way prescribed is preparation of a document that— states that the entity’s financial records show the entity keeps adequate financial records to record and explain transactions correctly to enable a true and fair financial statement to be prepared; and is signed by a member of the entity’s governing body. s 30CB ins 2023 SL No. 59 s 17 (sec.30CB-ssec.1) This section prescribes for section 32 (3) (c) of the Act the way for verifying a financial statement for an entity that has a total revenue of less than $150,000. (sec.30CB-ssec.2) The way prescribed is preparation of a document that— states that the entity’s financial records show the entity keeps adequate financial records to record and explain transactions correctly to enable a true and fair financial statement to be prepared; and is signed by a member of the entity’s governing body.
- (a) states that the entity’s financial records show the entity keeps adequate financial records to record and explain transactions correctly to enable a true and fair financial statement to be prepared; and
- (b) is signed by a member of the entity’s governing body.