Veterans Act 2005

The trustees of a patriotic fund must as soon as practicable notify the Director in writing if—

a trustee dies;

a trustee retires;

a new trustee is appointed;

a secretary or treasurer is appointed;

any other administrative officer is appointed.

Subject to subsection (3), the trustees of a patriotic fund must provide to the Director—

a duly audited, detailed statement of receipts and disbursements in relation to the patriotic fund for the year or part of a year ending on—

30 June; or

a different day specified by the Director; or

the day of the closing or winding up of the patriotic fund; and

a duly audited balance sheet of the patriotic fund as at that same day.

Unless subsection (4) applies, if the documents required to be provided under subsection (2) are in respect of a prescribed class or classes of patriotic fund, the trustees are not required to arrange for those documents to be duly audited.

Despite subsection (3), the documents required to be provided under subsection (2) must be duly audited if the documents relate to the year or part of a year ending on the day of the closing or winding up of the patriotic fund.

The trustees of a patriotic fund must provide the documents required under subsection (2) to the Director on or before the 90th day after—

30 June or, where the Director has at the request of the trustees of a patriotic fund specified a different day in respect of that patriotic fund, that day, in every year; and

the closing or winding up of the patriotic fund.

For the purposes of this section duly audited means audited in accordance with recognised auditing practice by a person (not being a trustee or administrative officer of the patriotic fund) who is—

a registered company auditor within the meaning of the Corporations Act; or

a person or a member of a class of persons approved by the Director for the purposes of the audit of the statement and balance-sheet of the patriotic fund.