QLDIn ForceAct
Financial Intermediaries Act 1996
sec.136Financial year
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sec.136 Financial year
The financial year of a society is from 1 January to 31 December. If a society is registered (other than because of a merger) on a day falling between 1 July and 31 December in any year, its first financial year may, if the society elects, extend to 31 December in the following year. (sec.136-ssec.1) The financial year of a society is from 1 January to 31 December. (sec.136-ssec.2) If a society is registered (other than because of a merger) on a day falling between 1 July and 31 December in any year, its first financial year may, if the society elects, extend to 31 December in the following year.