Australian Charities and Not-for-profits Commission Act 2012 (Cwth)

CHAPTER 3 - RESPONSIBILITIES OF REGISTERED ENTITIES  

PART 3-2 - RECORD KEEPING AND REPORTING  

Division 60 - Reporting  

Subdivision 60-C - Annual financial reports  

SECTION 60-20   MEDIUM REGISTERED ENTITIES MUST HAVE ANNUAL FINANCIAL REPORTS AUDITED OR REVIEWED  

60-20(1)    
A medium registered entity must:

(a)    subject to subsection (2) , do both of the following:

(i) have its financial report for a financial year reviewed in accordance with this Subdivision;

(ii) obtain a reviewer ' s report; or

(b)    do both of the following:

(i) have its financial report for a financial year audited in accordance with this Subdivision;

(ii) obtain an auditor ' s report.

60-20(2)    
The Commissioner may, by written notice given to the medium registered entity, provide that paragraph (1)(a) does not apply to the financial report.