s. 97 (3) The report provided under subsection (2)(b) must— (a) be prepared in accordance with Auditing Standards on Review Engagements; and (b) state whether the financial records kept by the association are such as to enable financial statements to be prepared in accordance with Australian Accounting Standards. (4) For the purposes of this section, the Registrar may approve a suitably qualified person or class of suitably qualified persons (other than a person who is not an independent person) to review the statements of a tier two association or a class of tier two associations. 97 Submission of financial statements to annual general meeting (1) At the first annual general meeting of a tier two association following a financial year of the association, the committee must submit to the members the financial statements for that financial year. (2) The financial statements must— (a) give a true and fair view of the financial position and performance of the association during and at the end of its last financial year; and (b) have attached a certificate in the prescribed form signed by two members of the committee certifying that that is the case; and (c) be accompanied by the report of the review of its financial statements provided under section 96(2)(b).
(3) The report provided under subsection (2)(b) must— (a) be prepared in accordance with Auditing Standards on Review Engagements; and (b) state whether the financial records kept by the association are such as to enable financial statements to be prepared in accordance with Australian Accounting Standards. (4) For the purposes of this section, the Registrar may approve a suitably qualified person or class of suitably qualified persons (other than a person who is not an independent person) to review the statements of a tier two association or a class of tier two associations. 97 Submission of financial statements to annual general meeting s. 97 (1) At the first annual general meeting of a tier two association following a financial year of the association, the committee must submit to the members the financial statements for that financial year. (2) The financial statements must— (a) give a true and fair view of the financial position and performance of the association during and at the end of its last financial year; and (b) have attached a certificate in the prescribed form signed by two members of the committee certifying that that is the case; and (c) be accompanied by the report of the review of its financial statements provided under section 96(2)(b).
12-20a007.docx