#52866
NCS-Group
Flatchatter

    Hi ElthamOC – Your OC must have its AGM within 15 months of its last AGM.  Your year end date is not really relevant in regards to this.  At the AGM the OC Manager has to present the financial statements of the OC your the year ended 20XX.  If they are not doing this, then your OC is in breach of the OC Act.  Your OC Manager is not in breach but the OC is in breach and this should be a concern to you.  It is your responsibility to appoint an OC Manager that is professional enough to comply with the requirements of the Act and if they are not, then it is your responsibility to replace them.  If there are doubts about the legitimacy of the financial statements you need to request an audit of the financial statements and engage someone like ourselves to undertake the audit. If you need any more info or guidance, at no cost since you’re a FlatChatter, please feel free to get in touch (via “send a message”), I have been auditing OCs since the OC Act came into existence!