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Associations Incorporation Reform Act 2012
30General powers of incorporated association
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30 General powers of incorporated association
Subject to its rules, an incorporated association may—
(a) invest and deal with money of the association not immediately required in any manner as it thinks fit; and
(b) raise and borrow money on any terms and in any manner as it thinks fit; and
(c) secure the repayment of money raised or borrowed by the association or the payment of a debt or liability of the association by giving mortgages, charges or securities on or over all or any of the property of the association; and
(d) do anything that is incidental or conducive to the attainment of the purposes and the exercise of the powers of the association.