Video 6 - Annual Reporting Obligations
Channel: Industry Northern Territory
Date: 2023-03-17

Each association is required to lodge annual financial statements. 

These statements advise who the committee was for the previous year, the financial position of the association and confirms that the objectives of the association haven’t changed. 

Even if your income is zero, your financial statement is required to be completed and accepted by the members at an annual general meeting or a special general meeting.