Western Australian Current Acts Western Australian Current Acts (1) Within 6 months
after the end of each financial year, a tier 3 association in respect of the
financial year must prepare a financial report for the financial year that
complies with subsection (2).
Penalty: a fine of $2 750.
(2) The financial
statements for the year and the notes to the financial statements that are
included in the financial report must —
(a) give
a true and fair view of the financial position and performance of the
association; and
(b)
comply with the accounting standards.