Many incorporated societies have to file a copy of their annual financial statement with the Registrar. Once you've submitted your financial statement to the register, it will be publicly available online.
The annual financial statement should include:
Note | If your society has financial statement preparation, audit and filing obligations under other legislation e.g. where the society is an issuer, FMC reporting entity, charity or industrial and provident society etc, we recommend you seek professional advice as appropriate.
An incorporated society that is also registered with Charities Services no longer needs to file their annual financial statements with the Registrar of Incorporated Societies.
All incorporated societies, however, must advise the Registrar of other changes in the society's details (e.g. changes to rules, name, addresses), regardless of whether they're registered with Charities Services. Learn more...
More information about financial statements
It’s important to file a copy of the annual financial statement to comply with the society’s financial reporting obligations. It also shows the Registrar that the society is still operating and should stay on the Register.
You should file your financial statement with the Registrar as soon as possible after it’s been approved by the members at a general meeting (e.g. the Annual General Meeting (AGM)) of the society.
There are two ways to file financial statements - online using your registry key or by filing paper forms.
The Registrar doesn't require financial statements to be audited or reviewed. The rules of a society will specify whether an auditor must be appointed.
This is a list of the top 10 mistakes made when preparing and filing financial statements for incorporated societies.
Use this sample financial statement as a guide when preparing annual financial statements for an incorporated society.
Use this sample nil financial statement as a guide when preparing annual financial statements for an incorporated society that has had no expenditure or income, and has no assets and liabilities.