49Model rules

49 Model rules (1) The model rules are the rules prescribed to be model rules by the regulations. (2) The model rules so prescribed must make provision for each matter specified in Schedule 1 and any other prescribed matter other than specifying— (a) the name of the incorporated association; (b) the purposes of the incorporated association; (c) the financial year of the incorporated association. (3) If an incorporated association approves the adoption of the model rules as its rules, it is taken to have adopted any subsequent amendment to the model rules as an alteration of its rules. (4) An alteration to the rules of an incorporated association referred to in subsection (3)— (a) takes effect on the day the relevant amendment to the model rules comes into operation; and (b) takes effect without the requirement of a special resolution of the association; and (c) does not require the approval of the Registrar. (5) If an incorporated association that has approved the adoption of the model rules as its own rules alters those rules under section 50, other than an alteration to its name, purposes or financial year, the association is taken to have adopted its own rules and subsections (3) and (4) do not apply to those rules. (6) An incorporated association may, by special resolution, approve the adoption of the model rules as the rules of the association at any time after its incorporation under this Act. (7) An incorporated association that approves the adoption of the model rules as its own rules under subsection (6), must notify the Registrar and include in the notification— (a) the name of the association; (b) the purposes of the association; (c) the financial year of the association.