Royal National Agricultural and Industrial Association of Queensland Act 1971

The Association may be wound-up in the same way as an incorporated association may be wound-up under the Associations Incorporation Act 1981, and for that purpose, the Association is taken to be an incorporated association under that Act.

However, a resolution of the Association relating to its winding-up—

can not provide for the distribution of its surplus assets to any of its members; and

may provide for the distribution of its surplus assets only to an entity—

that has similar purposes to the Association; and

that is not carried on for the profit or gain of its individual members; and

whose members can not obtain any benefit from surplus assets of the entity on its winding-up.

Despite the Associations Incorporation Act 1981, section 92(1), surplus assets of the Association can not, under that subsection, be distributed to any members of the Association.