Subdiv 3Accounts, audits and reporting

Subdivision 3—Accounts, audits and reporting 19—Accounts and audits (1) Each SACFS organisation that holds any money must open and maintain an operating account at an ADI. (2) An SACFS organisation must ensure that proper accounting records are kept of the financial affairs of the organisation. (3) An SACFS organisation must, as soon as practicable after the end of each financial year (but in any event before 31 August immediately following the financial year), prepare an annual financial report for the organisation in a form determined by the Chief Officer. (4) A copy of the annual financial report of an SACFS organisation for a financial year must be presented to the members of the organisation by 31 August immediately following that financial year. (5) An SACFS organisation must, at the request of the Chief Officer, cause the annual financial report for the organisation and the accounts and accounting records of the organisation to be audited by a person, or person of a class, specified by the Chief Officer. (6) A member of an SACFS organisation must, at the request of the Chief Officer— (a) produce accounts or other financial records of the organisation in the member's possession for the Chief Officer's inspection; and (b) provide the Chief Officer with explanations or information relating to the financial affairs of the organisation that the Chief Officer requires. (7) A person who fails to comply with subregulation (6)(a) commits an offence. Maximum penalty: $2 000. 20—Annual returns Each SACFS organisation must, on or before 31 August in each year, deliver to the Chief Officer a return (in a form determined by the Chief Officer) containing— (a) the following information for each member of the organisation at the date of the return: (i) full name and date of birth; (ii) residential address and contact telephone number; (iii) rank and any position held in the organisation, including a position that the member has been elected to hold commencing on 1 September of that year; (iv) any other information reasonably required by the Chief Officer; and (b) a copy of the financial report of the organisation for the preceding financial year; and (c) such other information as the Chief Officer may require.