Royal National Agricultural and Industrial Association of Queensland Act 1971

The Association must, for each of its financial years—

prepare a report containing the following particulars—

the income and expenditure of the Association in the financial year;

details sufficient to identify the assets and liabilities of the Association at the end of the financial year;

details sufficient to identify all mortgages, charges and securities of any description affecting the property of the Association at the end of the financial year; and

have the report audited by a registered company auditor; and

present the audited report to the next annual general meeting of the Association after the end of the financial year for adoption by the Association.

Maximum penalty—10 penalty units.

The Association must give the chief executive a copy of the report certified as correct by the auditor.

The report must be given to the chief executive within 1 month after the audited report is adopted by the annual general meeting or, if the chief executive allows a longer period, within the longer period.