Queensland Consolidated Acts

ASSOCIATIONS INCORPORATION ACT 1981 - SECT 59B

59B Presenting documents to annual general meeting

(1) The members of the management committee of an incorporated association must ensure the association, within 6 months after the end date of each financial year for the association, presents each of the following documents to the association’s annual general meeting for adoption—

(a) if the association is required under section 59A to prepare a financial statement for the association’s last reportable financial year—the financial statement prepared under section 59A (1) ;

(b) if the association is required under section 59AA to prepare an audit report—the audit report prepared and signed under section 59AA (3) ;

(c) if the association is required under section 59AB to prepare a verification statement—the verification statement prepared and signed under section 59AB (3) .

Penalty—

Maximum penalty—

(a) for each member of the management committee of a large incorporated association—20 penalty units; or

(b) for each member of the management committee of a medium incorporated association or a small incorporated association—10 penalty units.

(2) A regulation may prescribe particular documents that the members of the management committee of an exempt association must ensure are presented at the association’s annual general meeting.