7. Key obligations of associations under the Act
Committee members of associations are required to take all reasonable steps to ensure that their association complies with all of these obligations.
By clicking on the link you will be directed to the Section in which each matter is discussed in more detail.
|
Summary of the obligation |
Section number of the Act | |
| Annual General Meeting | Must be held each year within 4 months of the end of the association’s financial year. Go to... | 23 |
| Annual accounts must be presented to members at each Annual General Meeting. Go to... | 26 | |
| Records | Accounting records must be kept in such a way that true and fair accounts of the association can be prepared from time to time and be conveniently and properly audited. Go to... | 25 |
| An up-to-date members' register must be maintained and made available to any member to inspect and copy on request. Go to... | 27 | |
| The rules of association must be kept up-to-date and made available to any member to inspect and copy on request. Go to... | 28 | |
| A list of committee members and office bearers, together with their residential or postal address, must be maintained and made available to any member to access or copy on request. Go to... | 29 | |
| Special resolutions |
Special resolutions are needed to amend the rules or to wind up the association. A special resolution must be approved by 75% of the members who attend and vote at a general meeting that has been properly convened under the rules. Details of the special resolution must be lodged with Commerce for it to have legal effect. Go to... |
24 |
