Association Rules

1.1 In these rules—
Act means the Associations Incorporation Act 1981.
present—
(a) at a management committee meeting, see rule 22.6; or
(b) at a general meeting, see rule 36.2.

1.2 A word or expression that is not defined in these model rules, but is defined in the Act has, if the context permits, the meaning given by the Act.

The name of the incorporated association is Interior Design Association (the “Association”).

The objectives of the Association are:

3.1 To undertake and observe all rules necessary to enable the Association to establish a firm relationship with interior design professionals, trade, product and services suppliers and industry partners in a professional manner.

3.2 To co-operate wherever possible with educational institutions and RTO bodies and maintain regular communication links with professional industry and legislative organisations.

3.3 To assist, offer support and encourage its memberships and potential members as may be determined.

3.4 To raise money by subscription, percentage or otherwise from members or industry suppliers.

3.5 To establish and provide a platform to new and experienced members to the design industry.

3.6 To uphold professional standards of conduct and ensure all members meet certain standards and/or qualifications in their application to the Association.

3.7 To ensure the Association is a professional body that is abreast of current trends in the design industry in both product and supply fields along with any legislative changes that affect the industry.

3.8 To promote and/or conduct professional and business development opportunities for its members through industry partnerships with registered educational and other professional services bodies.

4.1 The Association has the powers of an individual.

4.2 The Association may, for example—
(a) enter into contracts; and
(b) acquire, hold, deal with and dispose of property; and
(c) make charges for services and facilities it supplies; and
(d) do other things necessary or convenient to be done in carrying out its affairs.

4.3 The Association may also issue secured and unsecured notes, debentures and debenture stock for the association.

The membership of the Association consists of any of the following classes:

5.1 Design Professionals
Applicants who have acquired interior design, decoration, styling and/or related design competencies through any of the following:

  • minimum entry level Certificate IV in Interior Design through an accredited educational body
  • demonstrable expertise and industry experience through delivery of professional services in the industry

5.2 Supply Partner
Applicants who have alliances or affiliation with the interior design industry

5.3 Trade Partner
Applicants who provide trade services (e.g. builder, plumber) to the interior design and construction industry and have been recommended by an association member.

5.4 Industry Partner Applicants who offer products or services to the Design Professionals – Furniture, Furnishings, Soft Furnishings, Décor, Appliances, Fixtures & Fittings, Floorcoverings, Tiles, Window Treatments, Lighting suppliers, Paint/Finishes, Solid Surfaces/Engineered & Natural Stone, Laminate Suppliers, etc.

5.5 Corporate Partner Applicants who are Professional Services and Industry Partners that wish to support the Association and its members through financial contribution or sponsorship arrangements.

5.6 Honorary members are those individuals who have been nominated by the management committee due to their significant contribution to the development and ongoing operation of the Association.

Anyone can apply for membership which must be submitted via the website (or via email) and will be approved by the Management Committee

The membership fee for each ordinary membership and for each other class of membership is:-

7.1 the amount determined by the Management Committee from time to time; and

7.2 due and payable as the Management Committee reasonably decides from time to time.

The management committee must be advised of any changes to the Association’s membership at each monthly meeting.

9.1 A member may resign from the association by giving a written notice of resignation to the Association.

9.2 The resignation takes effect at time of receipt by the Association.

9.3 The management committee may rescind any membership if the member

9.3.1 is convicted of an indictable offence.

9.3.2 does not comply with any of the provisions of these rules.

9.3.3 has membership fees in arrears for at least two (2) months; or

9.3.4 conducts themselves in a way considered to be injurious or prejudicial to the character or interests of the Association.

9.4 Before the Association terminates any membership, the Management Committee must give the member a full and fair opportunity to show why the membership should not be terminated and the Management Committee will vote upon same.

9.5 If, after considering all representations made by the member, the Management Committee decides to terminate the membership, the secretary of the committee must give the member written notice of its decision.

10.1 A person whose application for membership has been rejected, or whose membership has been terminated, may give the secretary written notice of the persons intention to appeal against the decision.

10.2 A notice of intention to appeal must be given to the secretary within one (1) month after the person receives written notice of the decision.

10.3 If the secretary receives a notice of intention to appeal, the secretary must, within one (1) month after receiving the notice, call a general meeting to decide the appeal.

11.1 The general meeting to decide an appeal must be held within three (3) months after the secretary receives the notice of intention to appeal.

11.2 At the meeting, the applicant must be given a full and fair opportunity to show why the application should not be rejected or the membership should not be terminated.

11.3 Also, the management committee and the members of the committee who rejected the application or terminated the membership must be given a full and fair opportunity to show why the application should be rejected or the membership should be terminated.

11.4 An appeal must be decided by a majority vote of the members present and eligible to vote at the meeting.

11.5 If a person whose application for membership has been rejected does not appeal against the decision within one (1) month after receiving written notice of the decision, or the person appeals but the appeal is unsuccessful, the secretary must, as soon as practicable, refund the membership fee paid by the person.

11.6 In the event that a dispute arises and cannot be resolved it will be referred to the Office of Fair Trading for a resolution.

12.1 The management committee must keep a register of members of the Association.

12.2 The register must include the following particulars for each member:

12.2.1 the full name of the member.

12.2.2 the postal or residential address of the member.

12.2.3 the date the member’s application has been accepted and approved by the Management Committee.

12.2.4 the date of death or time of resignation of the member.

12.2.5 details about the termination or reinstatement of membership.

12.2.4 any other particulars the management committee or the members at a general meeting decide.

12.3 The register must be held in line with the Privacy Act and any other Australian applicable laws.

13.1 The Secretary or member of the Management Committee must not disclose any information contained in the member registry.

13.2 Any disclosure or intention

14.1 The secretary must be an individual residing in Queensland, or in another State but not more than sixty-five (65) kilometres from the Queensland border, who is

14.1.1 a member of the association elected by the association as secretary; or

14.1.2 any of the following persons appointed by the management committee as secretary
(a) a member of the associations management committee,
(b) another member of the association,
(c) another person.

14.2 If a vacancy happens in the office of secretary, the members of the Management Committee must ensure a secretary is appointed or elected for the association within one (1) month after the vacancy happens.

14.3 If the Management Committee appoints a person mentioned in sub rule 14.1.2(b) as secretary, other than to fill a casual vacancy on the Management Committee, the person does not become a member of the Management Committee.

14.4 However, if the management committee appoints a person mentioned in sub rule (1)(b)(ii) as secretary to fill a casual vacancy on the management committee, the person becomes a member of the management committee.

14.5 If the management committee appoints a person mentioned in sub rule 14.1.2(b) as secretary, the person does not become a member of the management committee.

14.6 In this rule casual vacancy, on a management committee, means a vacancy that happens when an elected member of the management committee resigns, dies or otherwise stops holding office.

15.1 The management committee of the association may at any time remove a person appointed by the committee as the secretary.

15.2 If the management committee removes a secretary who is a person mentioned in rule 14.1.2(a), the person remains a member of the management committee.

15.3 If the management committee removes a secretary who is a person mentioned in sub rule 14.1.2(b) and who has been appointed to a casual vacancy on the management committee

The secretary’s functions include, but are not limited to
(a) calling meetings of the association, including preparing notices of a meeting and of the business to be conducted at the meeting in consultation with the president of the association; and
(b) keeping minutes of each meeting; and
(c) keeping copies of all correspondence and other documents relating to the association;
(d) maintaining the register of members of the association; and
(e) and other duties as may be needed to carry out the business of the association and as detailed in writing to the secretary at the onset of their employment.

17.1 The management committee of the association consists of a president, treasurer and any other members the association members elect at a general meeting.

17.2 A member of the management committee, other than a secretary appointed by the management committee under sub rule 14.1.2(c) must be a member of the association.

17.3 At each annual general meeting of the association, the members of the management committee must retire from office, but are eligible, on nomination, for re-election.

17.4 A member of the association may be appointed to a casual vacancy on the management committee under rule 20.

18.1 A member of the management committee may only be elected as follows

18.1.1 any two (2) members of the association may nominate another member (the candidate) to serve as a member of the management committee;

18.1.2 the nomination must be
(a) in writing; and
(b) signed by the candidate and the members who nominated them; and
(c) given to the secretary at least fourteen (14) days before the annual general meeting at which the election is to be held.

18.1.3 each member of the association present and eligible to vote at the annual general meeting may vote for one (1) candidate for each vacant position on the management committee.

18.1.4 if, at the start of the meeting, there are not enough candidates nominated, nominations may be taken from the floor of the meeting.

18.2 A person may be a candidate only if the person is: –

18.2.1 an adult; and

18.2.3 not ineligible to be elected as a member under section 61A of the Act.

18.3 A list of the candidates’ names in alphabetical order, with the names of the members who nominated each candidate, must be shared with the Association members via
email and/or posted on the Association website least seven (7) days preceding the annual general meeting.

18.4 If required by the management committee, balloting lists must be prepared containing the names of the candidates in alphabetical order.

18.5 The management committee must ensure that, before a candidate is elected as a member of the management committee, the candidate is advised that:

18.5.1 the association has public liability insurance.

18.5.2 the association has public liability insurance the amount of the insurance; and

18.5.3 they will be required to disclose (at time of nomination):-
(a) any officeholder roles held with any Australian company or association
(b) if an employee or contractor to a Government agency.
(c) if a named party to any investigation or court action in relation to the AML/CTF Act.

19.1 A member of the management committee may resign from the committee by giving written notice of resignation to the secretary.

19.2 The resignation takes effect at,

19.2.1 the time the notice is received by the secretary; or

19.2.2 if a later time is stated in the notice the later time.

19.3 A member may be removed from office at a general meeting of the association if a majority of members present and eligible to vote at the meeting vote in favour of removing the member.

19.4 Before a vote of members is taken about removing the member from office, the member must be given a full and fair opportunity to show cause why he or she should not be removed from office.

19.5 A member has no right of appeal against the members removal from office under this rule.

19.6 A member immediately vacates the office of member in the circumstances mentioned in section 64(2) of the Act.

20.1 If a casual vacancy happens on the management committee, the continuing members of the committee may appoint another member of the association to fill the vacancy until the next annual general meeting.

20.2 The continuing members of the management committee may act despite a casual vacancy on the management committee.

20.3 However, if the number of committee members is less than the number fixed under rule 23.1 as a quorum of the management committee, the continuing members may act only to

20.3.1 increase the number of management committee members to the number required for a quorum; or

20.3.2 call a general meeting of the association.

21.1 Subject to these rules or a resolution of the members of the association carried at a general meeting, the management committee has the general control and management of the administration of the affairs, property and funds of the association.

21.2 The management committee has authority to interpret the meaning of these rules and any matter relating to the association on which the rules are silent, but any interpretation must have regard to the Act, including any regulation made under the Act.
Note—
The Act prevails if the associations rules are inconsistent with the Act—see section 1B of the Act.

21.3 The management committee may exercise the powers of the association

21.3.1 to borrow, raise or secure the payment of amounts in a way the members of the association decide; and

21.3.2 to secure the amounts mentioned in sub rule 21.3.1 or the payment or performance of any debt, liability, contract, guarantee or other engagement incurred or to be entered into by the association in any way, including by the issue of debentures (perpetual or otherwise) charged upon the whole or part of the associations property, both present and future; and

21.3.3 to purchase, redeem or pay off any securities issued; and
21.3.4 to borrow amounts from members and pay interest on the amounts borrowed; and

21.3.5 to mortgage or charge the whole or part of its property; and

21.3.6 to issue debentures and other securities, whether outright or as security for any debt, liability or obligation of the association; and

21.3.7 to provide and pay off any securities issued; and

21.3.8 to invest in a way the members of the association may from time to time decide.

21.4 For sub rule 21.3.4, the rate of interest must not be more than the current rate being charged for overdrawn accounts on money lent (regardless of the term of the loan) by

21.4.1 the financial institution for the association; or

21.4.2 if there is more than one (1) financial institution for the association—the financial institution nominated by the management committee.

22.1 Subject to this rule, the management committee may meet and conduct its proceedings as it considers appropriate.

22.2 The management committee must meet at least once every four (4) months to exercise its functions.

22.3 The management committee must decide how a meeting is to be called.

22.4 Notice of a meeting is to be given in the way decided by the management committee.

22.5 The management committee may hold meetings or permit a committee member to take part in its meetings, by using any technology that reasonably allows the member to hear and take part in discussions as they happen.

22.6 A committee member who participates in the meeting as mentioned in sub rule 22.5 is taken to be present at the meeting.

22.7 A question arising at a committee meeting is to be decided by a majority vote of members of the committee present at the meeting and, if the votes are equal, the question is decided in the negative.

22.8 A member of the management committee must not vote on a question about a contract or proposed contract with the association if the member has an interest in the contract or proposed contract and, if the member does vote, the members vote must not be counted.

22.9 The president is to preside as chairperson at a management committee meeting.

22.10 If there is no president or if the president is not present within fifteen (15) minutes after the time fixed for a management committee meeting, the members may choose one (1) of their number to preside as chairperson at the meeting.

23.1 At a management committee meeting, more than fifty (50) percent of the members elected to the committee as at the close of the last general meeting of the members form a quorum.

23.2 If there is no quorum within thirty (30) minutes after the time fixed for a management committee meeting called on the request of members of the committee, the meeting lapses.

23.3 If there is no quorum within thirty (30) minutes after the time fixed for a management committee meeting called other than on the request of the members of the committee

2.3.1 the meeting is to be adjourned for at least one (1) day; and
2.3.2 the members of the management committee who are present are to decide the day, time and place of the adjourned meeting.

23.4 If, at an adjourned meeting mentioned in sub rule 23.3, there is no quorum within thirty (30) minutes after the time fixed for the meeting, the meeting lapses.

24.1 If the secretary receives a written request signed by at least thirty-three (33) percent of the members of the management committee, the secretary must call a special meeting of the committee by giving each member of the committee notice of the meeting within seven (7) days after the secretary receives the request.

24.2 If the secretary is unable or unwilling to call the special meeting, the president must call the meeting.

24.3 A request for a special meeting must state

24.3.1 why the special meeting is called; and

24.3.2 the business to be conducted at the meeting.

24.4 A notice of a special meeting must state

24.4.1 the day, time and place of the meeting; and

24.4.2 the business to be conducted at the meeting.

24.5 A special meeting of the management committee must be held within seven (7) days after notice of the meeting is given to the members of the management committee.

25.1 The secretary must ensure full and accurate minutes of all questions, matters, resolutions and other proceedings of each management committee meeting are recorded.

25.2 To ensure the accuracy of the minutes, the minutes of each management committee meeting must be signed by the chairperson of the meeting, or the chairperson of the next management committee meeting, verifying their accuracy.

26.1 The management committee may appoint a sub-committee consisting of members of the association considered appropriate by the committee to help with the conduct of the associations’ operations.

26.2 A member of the sub-committee who is not a member of the management committee is not entitled to vote at a management committee meeting.

26.3 A sub-committee may elect a chairperson of its meetings.

26.4 If a chairperson is not elected, or if the chairperson is not present within fifteen (15) minutes after the time fixed for a meeting, the members present may choose one (1) of their number to be chairperson of the meeting.

26.5 A sub-committee may meet and adjourn as it considers appropriate.

26.6 A question arising at a sub-committee meeting is to be decided by a majority vote of the members present at the meeting and, if the votes are equal, the question is decided in the negative.

27.1 An act performed by the management committee, a sub-committee or a person acting as a member of the management committee is taken to have been validly performed.

27.2 Sub rule 27.1 does not apply if the act was performed when:

27.2.1 there was a defect in the appointment of a member of the management committee, sub-committee or person acting as a member of the management committee; or

27.2.2 a management committee member, sub-committee member or person acting as a member of the management committee was disqualified from being a member.

28.1 A written resolution signed by each member of the management committee is as valid and effectual as if it had been passed at a committee meeting that was properly called and held.

28.2 A resolution mentioned in sub rule 28.1 may consist of several documents in like form, each signed by one (1) or more members of the committee.

The first annual general meeting was held in 2004.

Each annual general meeting must be held:
(a) at least once each year; and
(b) within six (6) months after the end date of the association’s reportable financial year.

31.1 This rule applies only if the association is a level 3 incorporated association to which section 59B of the Act applies.

31.2 The following business must be conducted at each annual general meeting of the association

31.2.1 receiving the association’s financial statement, and signed statement, for the last reportable financial year.

31.2.2 presenting the financial statement and signed statement to the meeting for adoption.

31.2.3 electing members of the management committee.

32.1 The secretary may call a general meeting of the association.

32.2 The secretary must give at least fourteen (14) days notice of the meeting to each member of the association.

32.3 If the secretary is unable or unwilling to call the meeting, the president must call the meeting.

32.4 The management committee may decide the way in which the notice must be given.

32.5 However, notice of the following meetings must be given in writing
32.5.1 a meeting called to hear and decide the appeal of a person against the management committee’s decision
(a) to reject the person’s application for membership of the association; or
(b) to terminate the person’s membership of the association.

32.5.2 a meeting called to hear and decide a proposed special resolution of the association.

32.6 A notice of a general meeting must state the business to be conducted at the meeting.

33.1 The quorum for a general meeting is at least the number of members elected or appointed to the management committee at the close of the association’s last general meeting plus one (1).

33.2 However, if all members of the association are members of the management committee, the quorum is the total number of members less one (1).

33.3 No business may be conducted at a general meeting unless there is a quorum of members when the meeting proceeds to business.

33.4 If there is no quorum within thirty (30) minutes after the time fixed for a general meeting called on the request of members of the management committee or the association, the meeting lapses.

33.5 If there is no quorum within thirty (30) minutes after the time fixed for a general meeting called other than on the request of members of the management committee or the association,

33.5.1 the meeting is to be adjourned for at least seven (7) days; and

33.5.2 the management committee is to decide the day, time and place of the adjourned meeting.

33.6 The chairperson may, with the consent of any meeting at which there is a quorum, and must if directed by the meeting, adjourn the meeting from time to time and from place to place.

33.7 If a meeting is adjourned under sub rule 33.6, only the business left unfinished at the meeting from which the adjournment took place may be conducted at the adjourned meeting.

33.8 The secretary is not required to give the members notice of an adjournment or of the business to be conducted at an adjourned meeting unless a meeting is adjourned for at least thirty (30) days.

33.9 If a meeting is adjourned for at least thirty (30) days, notice of the adjourned meeting must be given in the same way notice is given for an original meeting.

34.1 A member may take part and vote in a general meeting in person, by proxy, by attorney or by using any technology that reasonably allows the member to hear and take part in discussions as they happen.

34.2 A member who participates in a meeting as mentioned in sub rule 34.1 is taken to be present at the meeting.

34.3 At each general meeting

34.3.1 the president is to preside as chairperson; and

34.3.2 if there is no president or if the president is not present within fifteen (15) minutes after the time fixed for the meeting or is unwilling to act, the members present must elect one (1) of their number to be chairperson of the meeting; and

34.3.3 the chairperson must conduct the meeting in a proper and orderly way.

35.1 At a general meeting, each question, matter or resolution, other than a special resolution, must be decided by a majority of votes of the members present.

35.2 Each member present and eligible to vote is entitled to one (1) vote only and, if the votes are equal, the chairperson has a casting vote as well as a primary vote.

35.3 A member is not entitled to vote at a general meeting if the member’s annual subscription is in arrears at the date of the meeting.

35.4 The method of voting is to be decided by the management committee.

35.5 However, if at least (twenty) 20 percent of the members present demand a secret ballot, voting must be by secret ballot.

35.6 If a secret ballot is held, the chairperson must appoint two (2) members to conduct the secret ballot in the way the chairperson decides.

35.7 The result of a secret ballot as declared by the chairperson is taken to be a resolution of the meeting at which the ballot was held.

36.1 The secretary must call a special general meeting by giving each member of the association notice of the meeting within fourteen (14) days after

36.1.1 being directed to call the meeting by the management committee; or

36.1.2 being given a written request signed by
(a) at least thirty-three (33) percent of the number of members of the management committee when the request is signed; or
(b) at least the number of ordinary members of the association equal to double the number of members of the association on the management committee when the request is signed plus one (1); or

36.1.3 being given a written notice of an intention to appeal against the decision of the management committee
(a) to reject an application for membership; or
(b) to terminate a person’s membership.

36.2 A request mentioned in sub rule 36.1.1 must state
36.2.1 why the special general meeting is being called; and
36.2.2 the business to be conducted at the meeting.

36.3 A special general meeting must be held within three (3) months after the secretary

36.3.1 is directed to call the meeting by the management committee; or

36.3.2 is given the written request mentioned in sub rule 36.2.1; or

36.3.3 is given the written notice of an intention to appeal mentioned in sub rule 36.1.3.

36.4 If the secretary is unable or unwilling to call the special meeting, the president must call the meeting.

37.1 An instrument appointing a proxy must be in writing and be in the following or similar form—

[Name of association]:
I, of , being a member of the association, appoint of as my proxy to vote for me on my behalf at the (annual) general meeting of the association, to be held on the day of 20 and at any adjournment of the meeting.
Signed this day of 20
Signature

37.2 The instrument appointing a proxy must

37.2.1 if the appointer is an individual—be signed by the appointer or the appointer’s attorney properly authorised in writing; or

37.2.2 if the appointer is a corporation
(a) be under seal; or
(b) be signed by a properly authorised officer or attorney of the corporation.

37.3 A proxy may be a member of the association or another person.

37.4 The instrument appointing a proxy is taken to confer authority to demand or join in demanding a secret ballot.

37.5 Each instrument appointing a proxy must be given to the secretary before the start of the meeting or adjourned meeting at which the person named in the instrument proposes to vote.

37.6 Unless otherwise instructed by the appointer, the proxy may vote as the proxy considers appropriate.
37.7 If a member wants a proxy to vote for or against a resolution, the instrument appointing the proxy must be in the following or similar form:
[Name of association]:
I, of , being a member of the association, appoint
of as my proxy to vote for me on my behalf at the (annual) general meeting of the association, to be held on the day of 20 and at any adjournment of the meeting.
Signed this day of 20 Signature
This form is to be used *in favour of/*against [strike out whichever is not wanted] the following resolutions—
[List relevant resolutions]

38.1 The secretary must ensure full and accurate minutes of all questions, matters, resolutions and other proceedings of each general meeting and filed securely.

38.2 To ensure the accuracy of the minutes
38.2.1 the minutes of each general meeting must be signed by the chairperson of the meeting, or the chairperson of the next general meeting, verifying their accuracy; and

38.2.2 the minutes of each annual general meeting must be signed by the chairperson of the meeting, or the chairperson of the next meeting of the association that is a general meeting or annual general meeting, verifying their accuracy.

38.3 If asked by a member of the association, the secretary must, within twenty-eight (28) days after the request is made

38.3.1 make the minutes for a particular general meeting available for inspection by the member at a mutually agreed time and place; and

38.3.2 give the member copies of the minutes of the meeting.

38.4 The association may require the member to pay the reasonable costs of providing copies of the minutes.

39.1 The management committee may make, amend or repeal by-laws, not inconsistent with these rules, for the internal management of the association.

39.2 A by-law may be set aside by a vote of members at a general meeting of the association.

4.1 Subject to the Act, these rules may be amended, repealed or added to by a special resolution carried at a general meeting.

4.2 However, an amendment, repeal or addition is valid only if it is registered by the chief executive.

41.1 The funds of the association must be kept in an account in the name of the association in a financial institution decided by the management committee.

41.2 Records and accounts must be kept in the English language showing full and accurate particulars of the financial affairs of the association.

41.3 All amounts must be deposited in the financial institution account as soon as practicable after receipt.

41.4 All payments must be approved by any two (2) of the following:-
41.4.1 the president.
41.4.2 the secretary.
41.4.3 the treasurer.
41.5 All expenditure
must be approved or ratified at a management committee meeting.

41.6 A record of each month’s financial activity to be presented at each management committee meeting which contains:-

41.6.1 Bank Balances
41.6.2 Profit & Loss
41.6.3 Income & Expenditure
41.6.4 Expenditure approval

42.1 On behalf of the management committee, the treasurer must, as soon as practicable after the end date of each financial year, ensure a financial statement for its last reportable financial year is prepared.

42.2 The income and property of the association must be used solely in promoting the association’s objects and exercising the association’s powers.

The management committee must ensure the safe custody of books, documents, instruments of title and securities of the association.

The end date of the Association’s financial year 30 June in each year.

45.1 This rule applies if the association

45.1.1 is wound-up under part 10 of the Act; and

45.1.2 has surplus assets.

45.2 The surplus assets must not be distributed among the members of the association.

45.3 The surplus assets must be given to another entity

45.3.1 having objects similar to the association’s objects; and

45.3.2 the rules of which prohibit the distribution of the entity’s income and assets to its members.

45.4 In this rule surplus assets see section 92(3) of the Act.

(1) This rule applies if the association
(a) is wound-up under part 10 of the Act; and
(b) has surplus assets.
(2) The surplus assets must not be distributed among the members of the association.
(3) The surplus assets must be given to another entity
(a) having objects similar to the association’s objects; and
(b) the rules of which prohibit the distribution of the entity’s income and assets to its members.
(4) In this rule surplus assets see section 92(3) of the Act.
Version History

 

Date/Ver0

8/05/2012 Ver 7

Reference

Management Committee on 2/5/12 endorsed that action appropriate to advice from the Office of Fair Trading be taken to update By-law B1 Association Logo.

Note: Model Rules and By-laws are now maintained in two separate documents.

Detail

By-laws and Schedule 1 removed from Model Rules document.