ASSOCIATIONS INCORPORATION ACT 1985 - SECT 59

ASSOCIATIONS INCORPORATION ACT 1985 - SECT 59

59—Variation or revocation of trusts

        (1)         This section applies to a trust—

            (a)         which is referred to in the rules of the association; or

            (b)         upon which any rule of the association relies for its operation.

        (2)         Where a trust to which this section applies is varied or revoked, the trustees of the trust must, not later than one month after the variation or revocation (as the case may be) notify the Commission of that variation or revocation.

Maximum penalty: $1 250.