Unincorporated association ceases to exist
140ZG Unincorporated association ceases to exist
If an unincorporated association ceases to exist, the persons who were members of the association’s committee of management immediately before the cessation must continue to satisfy any applicable sponsorship obligation.
Section 140ZE applies as if:
references to an unincorporated association were to an unincorporated association that ceases to exist; and
references to members of the association’s committee of management were to the persons who were members immediately before the cessation.
To avoid doubt, for the purpose of this section, an unincorporated association ceases to exist if the dissolution of the association does not result in the creation of another association.
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