Transitioning to the Associations Incorporation Act 2015

On 1 July 2016 the Associations Incorporation Act 2015 came into effect and replaced the Associations Incorporation Act 1987.  This special chapter highlights some of the new requirements and the actions to be completed during the transition period. 

Key points

  • All associations that were incorporated under the Associations Incorporation Act 1987 are now incorporated under the Associations Incorporation Act 2015.
  • Each association must review and update its rules by 1 July 2019 to ensure the rules comply with the requirements of the new Act.
  • Associations are now required to submit an information statement to Consumer Protection within 6 months after the end of every financial year.
  • New financial reporting requirements apply to accounts prepared for all association financial years commencing on or after 1 July 2016.