QLDIn ForceAct
Royal National Agricultural and Industrial Association of Queensland Act 1971
sec.17CApplication of Associations Incorporation Act 1981 to winding-up of Association
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### sec.17C Application of Associations Incorporation Act 1981 to winding-up of Association
The Association may be wound-up in the same way as an incorporated association may be wound-up under the Associations Incorporation Act 1981 , and for that purpose, the Association is taken to be an incorporated association under that Act.
However, a resolution of the Association relating to its winding-up—
can not provide for the distribution of its surplus assets to any of its members; and
may provide for the distribution of its surplus assets only to an entity—
that has similar purposes to the Association; and
that is not carried on for the profit or gain of its individual members; and
whose members can not obtain any benefit from surplus assets of the entity on its winding-up.
Despite the Associations Incorporation Act 1981 , section 92 (1) , surplus assets of the Association can not, under that subsection, be distributed to any members of the Association.
s 17C ins 1994 No. 48 s 58
amd 2011 No. 8 s 92
(sec.17C-ssec.1) The Association may be wound-up in the same way as an incorporated association may be wound-up under the Associations Incorporation Act 1981 , and for that purpose, the Association is taken to be an incorporated association under that Act.
(sec.17C-ssec.2) However, a resolution of the Association relating to its winding-up— can not provide for the distribution of its surplus assets to any of its members; and may provide for the distribution of its surplus assets only to an entity— that has similar purposes to the Association; and that is not carried on for the profit or gain of its individual members; and whose members can not obtain any benefit from surplus assets of the entity on its winding-up.
(sec.17C-ssec.3) Despite the Associations Incorporation Act 1981 , section 92 (1) , surplus assets of the Association can not, under that subsection, be distributed to any members of the Association.
- (a) can not provide for the distribution of its surplus assets to any of its members; and
- (b) may provide for the distribution of its surplus assets only to an entity— (i) that has similar purposes to the Association; and (ii) that is not carried on for the profit or gain of its individual members; and (iii) whose members can not obtain any benefit from surplus assets of the entity on its winding-up.
- (i) that has similar purposes to the Association; and
- (ii) that is not carried on for the profit or gain of its individual members; and
- (iii) whose members can not obtain any benefit from surplus assets of the entity on its winding-up.
- (i) that has similar purposes to the Association; and
- (ii) that is not carried on for the profit or gain of its individual members; and
- (iii) whose members can not obtain any benefit from surplus assets of the entity on its winding-up.