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).