Australian Charities and Not-for-profits Commission Act 2012 (Cwth)
The Commissioner may allow a registered entity to adopt an accounting period which is a period of 12 months ending on a day other than 30 June (that is, a 12-month period that does not align with the financial year), if the registered entity applies to the Commissioner in the approved form.
60-85(2)
If the registered entity adopts such an accounting period, this Division applies in relation to a financial year that starts after the entity adopts the new accounting period as if: (a) each reference in this Division (not including this section) and sections 205-25 and 205-35 to the financial year were a reference to the accounting period that starts during the financial year; and (b) the reference in subsections 60-5(2) and 60-10(2) to 31 December were a reference to the last day of the 6-month period after the end of the accounting period.
60-85(3)
A registered entity seeking to adopt such an accounting period may apply, in the approved form, to the Commissioner for the Commissioner to make a decision under subsection (1) .
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