Western Australian Current Acts

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ASSOCIATIONS INCORPORATION ACT 2015 - SECT 62

62 .         Terms used

                In this Part —

        accounting standards means the standards issued by the Australian Accounting Standards Board, as in force for the time being, and including any modifications prescribed by the regulations;

        auditing standards means the standards issued by the Auditing and Assurance Standards Board, as in force for the time being, and including any modifications prescribed by the regulations;

        financial records includes —

            (a)         invoices, receipts, orders for the payment of money, bills of exchange, cheques, promissory notes and vouchers; and

            (b)         documents of prime entry; and

            (c)         working papers and other documents needed to explain —

                  (i)         the methods by which financial statements are prepared; and

                  (ii)         adjustments to be made in preparing financial statements;

        financial report has the meaning given in section 63;

        financial statements means the financial statements in relation to an incorporated association required under Division 3;

        tier 1 association has the meaning given in section 64(1);

        tier 2 association has the meaning given in section 64(2);

        tier 3 association has the meaning given in section 64(3).



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