Victorian Numbered Acts Victorian Numbered Acts(1) In the heading to section 102 of the Principal Act, for " financial statements " substitute " annual statement ".
(2) In section 102(1) of the Principal Act, for
"in accordance with this section a copy of the financial statements of the
association prepared for that year" substitute "an annual statement for that
year in the approved form".
(3) In section 102(2) of the Principal Act—
(a) for "The financial statements"
substitute
"The annual statement for a financial year".
(b) in paragraph (a), for "the financial statements" substitute "its financial statements for that year".
(4) For section 102(3), (4) and (5) of the Principal Act substitute —
"(3) The annual statement must—
(a) include a statement of the terms of any resolution passed at the annual general meeting concerning the financial statements; and
(b) be accompanied by, or make provision for the payment of, the prescribed fee (if any).
(4) In the case of a tier two association, the annual statement must also be accompanied by—
(a) the financial statements of the association; and
(b) a copy of the report of the review of the financial statements provided in accordance with section 96(2)(b).
(5) In the case of a tier three association, the annual statement must also be accompanied by—
(a) the financial statements of the association; and
(b) a copy of the auditor's report referred to in section 99(3)(b).".