Document ID: chunk:federal_register_of_legislation:C2016A00079:clause:2_293j
Version: federal_register_of_legislation:C2016A00079
Segment Type: clause
Provision Reference: sch 2 cl 293J
Character Range: 86733–88422

293J  Officer and related party disclosure statements
 (1) An organisation must:
 (a) as soon as practicable after the end of each financial year, cause an officer and related party disclosure statement to be prepared for the organisation in relation to the financial year in accordance with this section; and
 (b) within the period of 6 months starting at the end of the financial year:
 (i) cause the officer and related party disclosure statement to be provided to the members of the organisation and its branches; and
 (ii) lodge with the Commissioner a copy of the officer and related party disclosure statement provided to the members.
Civil penalty: 100 penalty units, or 1,200 penalty units for a serious contravention.
 (2) A branch of an organisation must:
 (a) as soon as practicable after the end of each financial year, cause an officer and related party disclosure statement to be prepared for the branch in relation to the financial year in accordance with this section; and
 (b) within the period of 6 months starting at the end of the financial year:
 (i) cause the officer and related party disclosure statement to be provided to the members of the branch; and
 (ii) lodge with the Commissioner a copy of the officer and related party disclosure statement provided to the members.
Civil penalty: 100 penalty units, or 1,200 penalty units for a serious contravention.
 (3) The officer and related party disclosure statement for an organisation or a branch of an organisation must include details of the disclosures provided by the organisation or the branch under sections 293BC, 293G and 293H for the financial year.

Division 4—Training in relation to financial duties