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CurrentAssociation not to provide pecuniary gain for its members
Part 4Management of associations
Division 3General
40 Association not to provide pecuniary gain for its members
(1)
An association must not conduct its affairs (including its affairs as trustee of any trust) so as to provide pecuniary gain for its members.
Maximum penalty—60 penalty units.
(2)
Subsection (1) does not affect the association’s civil liability to any person as a result of it having provided pecuniary gain for its members.
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