Victorian Consolidated Legislation

Associations Incorporation Act 1981 - SECT 16

Powers of incorporated association

16. Powers of incorporated association



(1) An incorporated association may, unless its statement of purposes or rules
otherwise provide-

   (a)  invest and deal with moneys of the incorporated association not
        immediately required in such manner as is from time to time thought
        fit;

   (b)  raise or borrow money upon such terms and in such manner as it thinks
        fit;

   (c)  secure the repayment of moneys so raised or borrowed or the payment of
        a debt or liability of the incorporated association by giving
        mortgages, charges or securities upon or over all or any of the
        property of the incorporated association; and

   (d)  do all such other things as are incidental or conducive to the
        attainment of the purposes and the exercise of the powers of the
        incorporated association.

(2) Subject to subsection (3), an incorporated association may, unless its
statement of purposes or rules otherwise provide-

   (a)  act as trustee; and

   (b)  accept and hold upon trust real and personal property.



(3) Notwithstanding subsection (2), an incorporated association does not have
power as trustee of a trust to do any act or thing that, if done by the
incorporated association otherwise than as trustee, would contravene the
provisions of this Act or the statement of purposes or the rules of the
incorporated association.

(4) The public officer of an incorporated association shall, within fourteen
days after the incorporated association becomes a trustee of a trust, lodge
with the Registrar particulars of the trust and a copy of any deed or other
instrument creating or embodying that trust.