sec.17CApplication of Associations Incorporation Act 1981 to winding-up of Association

### 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.