Victorian Numbered Acts

CONSUMER AFFAIRS LEGISLATION AMENDMENT ACT 2014 (NO. 50 OF 2014) - SECT 5

After section 96(4) of the Associations Incorporation Reform Act 2012 insert —

    "(5)     A tier two association is not required to comply with subsection (1) if—

        (a)     the rules of the association require financial statements prepared under section 95 to be audited in accordance with the Australian Auditing Standards before being submitted to the annual general meeting; and

        (b)     the financial statements are audited in accordance with those requirements.".