Community Land Management Act 2021
96Association must prepare financial statements and statements of key financial information
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96 Association must prepare financial statements and statements of key financial information
96 Association must prepare financial statements and statements of key financial information
(1) An association must cause financial statements, and a statement of key financial information, to be prepared for each reporting period for the administrative fund, the capital works fund and any other fund kept by the associations.
(2) The reporting period for financial statements or a statement of key financial information prepared under this Division is—
(a) the period that commences on the date of the constitution of the association and ends on a date that is not earlier than 2 months before the date of the first annual general meeting, and
(b) each period that commences on the date up to which those statements were last prepared under this Division and ends on a date that is not earlier than 2 months before the next succeeding annual general meeting.