Lodgment of summary with Secretary
49 Lodgment of summary with Secretary
A Tier 2 association must lodge with the Secretary, in accordance with this section, a summary, in the approved form, of the association’s financial affairs for the previous financial year.
Maximum penalty—5 penalty units.
The summary—
must be lodged within—
one month after the annual general meeting for the current financial year, or
7 months after the end of the previous financial year,
whichever is the earlier, or within such further time as the Secretary may allow, and
must be accompanied by the fee prescribed by the regulations.
For the avoidance of doubt, the summary is taken not to have been lodged if the relevant fee has not been paid.
This provision refers to the regulations (prescribed by the regulations
). Made under this Act:
This Act’s bill:Explanatory memorandumSecond reading speech
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