rules means these rules of the Association, as in force for the time being; secretary means the committee member holding office as the secretary of the Association; special general meeting a general meeting of the Association other than the annual general meeting; special resolution means a resolution passed by the members at a general meeting in accordance with section 51 of the Act; subcommittee means a subcommittee appointed by the committee under rule 48(1)(a); tier 1 association means an incorporated association to which section 64(1) of the Act applies; tier 2 association means an incorporated association to which section 64(2) of the Act applies; tier 3 association means an incorporated association to which section 64(3) of the Act applies; treasurer means the committee member holding office as the treasurer of the Association. Financial year The first financial year of the Association is to be the period notified to the Commissioner under section 7(4)(e) or, if relevant, section 29(5)(e) of the Act. Each subsequent financial year of the Association is the period of 12 months commencing at the termination of the first financial year or the anniversary of that termination. PART 2 ASSOCIATION TO BE NOT FOR PROFIT BODY — Not-for-profit body The property and income of the Association must be applied solely towards the promotion of the objects or purposes of the Association and no part of that property or income may be paid or otherwise distributed, directly or indirectly, to any member, except in good in the promotion of those objects or purposes. A payment may be made to a member out of the funds of the Association only if it is authorised under subrule (3). A payment to a member out of the funds of the Association is authorised if it is — the payment in good faith to the member as reasonable remuneration for any services provided to the Association, or for goods supplied to the Association, in the ordinary course of business; or the payment of interest, on money borrowed by the Association from the member, at a rate not greater than the cash rate published from time to time by the Reserve Bank of Australia; or the payment of reasonable rent to the member for premises leased by the member to the Association; or the reimbursement of reasonable expenses properly incurred by the member on behalf of the Association.
rules means these rules of the Association, as in force for the time being; secretary means the committee member holding office as the secretary of the Association; special general meeting a general meeting of the Association other than the annual general meeting; special resolution means a resolution passed by the members at a general meeting in accordance with section 51 of the Act; subcommittee means a subcommittee appointed by the committee under rule 48(1)(a); tier 1 association means an incorporated association to which section 64(1) of the Act applies; tier 2 association means an incorporated association to which section 64(2) of the Act applies; tier 3 association means an incorporated association to which section 64(3) of the Act applies; treasurer means the committee member holding office as the treasurer of the Association. Financial year The first financial year of the Association is to be the period notified to the Commissioner under section 7(4)(e) or, if relevant, section 29(5)(e) of the Act. Each subsequent financial year of the Association is the period of 12 months commencing at the termination of the first financial year or the anniversary of that termination. PART 2 — ASSOCIATION TO BE NOT FOR PROFIT BODY Not-for-profit body The property and income of the Association must be applied solely towards the promotion of the objects or purposes of the Association and no part of that property or income may be paid or otherwise distributed, directly or indirectly, to any member, except in good in the promotion of those objects or purposes. A payment may be made to a member out of the funds of the Association only if it is authorised under subrule (3). A payment to a member out of the funds of the Association is authorised if it is — the payment in good faith to the member as reasonable remuneration for any services provided to the Association, or for goods supplied to the Association, in the ordinary course of business; or the payment of interest, on money borrowed by the Association from the member, at a rate not greater than the cash rate published from time to time by the Reserve Bank of Australia; or the payment of reasonable rent to the member for premises leased by the member to the Association; or the reimbursement of reasonable expenses properly incurred by the member on behalf of the Association.
draftmodelrules1jul16.docx