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Associations Incorporation Act 2009
40Association not to provide pecuniary gain for its members
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40 Association not to provide pecuniary gain for its members
40 Association not to provide pecuniary gain for its members
(1) An association must not conduct its affairs (including its affairs as trustee of any trust) so as to provide pecuniary gain for its members.
Maximum penalty—60 penalty units.
(2) Subsection (1) does not affect the association’s civil liability to any person as a result of it having provided pecuniary gain for its members.