Information to be included in application for approval to apply for registration or incorporation under another law (s. 93(3)(c))
14 Information to be included in application for approval to apply for registration or incorporation under another law (s. 93(3)(c))
In this regulation —
prescribed body corporate has the meaning given in section 92 of the Act.
If an incorporated association applies to the Commissioner for approval under section 93(2) of the Act, the following information is required to be included in the application —
a statement of the reasons why the association proposes (the association’s proposal) to apply for registration or incorporation as a prescribed body corporate;
a statement as to whether the prescribed body corporate would be subject to rules preventing the distribution of profits to the body corporate’s members;
a declaration that any creditors of the association would not be materially prejudiced by the association’s proposal;
if the association receives funds from other entities, evidence that the association has advised those entities of the association’s proposal.
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