Associations Regulations 2004

These Regulations may be cited as the Associations Regulations 2004.

In these Regulations:

Australian Accounting

Standards means the accounting standards made or formulated by the Australian Accounting Standards Board under section 227 of the

Australian Securities and Investments Commission Act 2001 of the Commonwealth.

Australian Auditing

Standards means the auditing and assurance standards issued by the Australian Auditing and Assurance Standards Board of the

Australian Accounting Research Foundation.

For paragraph (b) of the definition of prescribed property in section 4 of the

Act, the prescribed amount is $25 000.

For section 9(3)(a) of the Act, the prescribed unauthorised names are specified in Schedule 1.

For section 9(3)(b)(i) of the Act, the prescribed ethnic communities are specified in Schedule 2.

(1) The Director may permit a person to inspect all or any of the documents filed with the Director in relation to an incorporated association on payment to the Director of the prescribed fee.

(2) At the request of a person and on payment of the prescribed fee, the Director may give that person any information in writing in the Director's possession in relation to an incorporated association.

The fees specified in Schedule 3 must be paid to the Director in relation to the matters to which they relate.

For section 34(1)(c) of the Act, the prescribed particulars are the name and address of each member of the association.

(1) For Part 5, Division 1 of the

Act, the annual statement of accounts for tier 1 incorporated associations and tier 2 incorporated associations:

(a) must be prepared in the form of the financial report specified in Schedule 4; or

(b) must be prepared in accordance with applicable Australian Accounting Standards and contain all the information required by the financial report specified in Schedule 4.

(2) For Part 5, Division 1 of the

Act, the annual statement of accounts for tier 3 incorporated associations must be prepared in accordance with applicable

Australian Accounting Standards.

For Part 5, Division 2 of the Act, the audit of the annual statement of accounts for tier 2 incorporated associations and tier 3 incorporated associations must be conducted in accordance with applicable Australian Auditing

Standards.

(1) For section 47(1)(a) of the

Act, the prescribed amount is $150 000.

(2) For section 47(1)(b) of the

Act, the prescribed amount is $300 000.