Queensland Consolidated Acts

ASSOCIATIONS INCORPORATION ACT 1981 - SECT 90

90 Voluntary winding up under Corporations Act

(1) This section applies to an incorporated association that has surplus property to be distributed on winding up.

(2) The incorporated association may be wound up voluntarily if the association so resolves by special resolution.

(3) A copy of the special resolution must be lodged with the chief executive within 1 month after the passing of the resolution.

(4) Subsection (5) is made for the purposes of the Corporations (Ancillary Provisions) Act 2001 , part 3 .

(5) The voluntary winding up of the incorporated association is declared to be an applied Corporations legislation matter in relation to the prescribed provisions, subject to the following changes—

(a) the changes to the provisions of the Corporations Act mentioned in schedule 1 ;

(b) any other changes, within the meaning of the Corporations (Ancillary Provisions) Act 2001 , part 3 , prescribed by regulation.

(6) In this section—

"prescribed provisions" means—

(a) the Corporations Act , parts 5.5 and 5 .6; and

(b) the Corporations Act , schedule 2 to the extent it relates to the Corporations Act , parts 5.5 and 5 .6.