Associations Incorporation Regulation 2023

The Association’s funds may only be made up of—

joining fees for the Association given under section 7 (1); and

annual membership fees of members given under section 7 (2); and

donations; and

any other source that the committee decides, subject to—

the Act, section 114 (Investment with associations); and

a resolution passed by the Association at a general meeting.

The committee must—

ensure that all money received by the Association is deposited into the Association’s account with a deposit taking institution as soon as practicable after the money is received; and

issue a receipt for any money received by the Association as soon as practicable after the money is received, unless it is impracticable to do so.