25CVoluntary transfer of incorporation

25C Voluntary transfer of incorporation

[Section 25C Inserted by No. 10 of 2006, s. 5, Applied:27 Jul 2006]

(1)  An incorporated association may apply to the Commissioner, in a form approved by the Commissioner, to become, and may become, registered or incorporated as a prescribed body corporate.

(2)  Before an incorporated association can apply to become registered or incorporated as a prescribed body corporate –

(a) the proposal to become registered or incorporated as a prescribed body corporate must have been approved by a special resolution of the incorporated association; and

(b) the special resolution must have been registered by the Commissioner under section 23 .

(3)  The Commissioner must approve an application made under subsection (1) if satisfied that subsection (2) has been complied with.