Document ID: chunk:federal_register_of_legislation:C2012A00169:clause:1_11
Version: federal_register_of_legislation:C2012A00169
Segment Type: clause
Provision Reference: sch 1 cl 11
Character Range: 31032–32012

11  Substituted accounting periods
(1) The Commissioner is treated as having allowed an entity under section 60‑85 of the ACNC Act on the commencement day to adopt an accounting period that ends on a particular day (the substituted end day) (other than 30 June) each year if:
 (a) the entity is a registered entity on the commencement day because of Part 2 of this Schedule; and
 (b) the entity notifies the Commissioner that, under an Australian law, the entity is or was required to prepare a financial report for a period of 12 months that ended on the substituted end day during the 2012‑13 financial year.
(2) A notice given under paragraph (1)(b) must be:
 (a) in the approved form; and
 (b) given to the Commissioner during the period of 6 months starting on the commencement day.
Note: Subdivision 175‑B of the ACNC Act imposes an administrative penalty if the notice contains a statement that is false or misleading in a material particular.

Part 5—ACNC annual report