This legislation has been repealed.
(1) The financial year of a society shall end on 30 June or, if the registrar has given written consent to the financial year of the society ending on another date, being a date not earlier than 31 May and not later than 30 September, on that other date.
(2) If a society is registered in any year on a date between 1 July and 31 December, the first financial year of the society shall be deemed to be from that date to the next 30 June.
(3) If a society is registered in any year between 1 January and 30 June, the first financial year of the society shall end on the next 30 June.