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FUNDRAISING ACT 1998 - SECT 33D Action to be taken on deregistration

FUNDRAISING ACT 1998 - SECT 33D

Action to be taken on deregistration

If the Director deregisters a person as a fundraiser, on the deregistration taking effect the person—

        (a)     must stop any fundraising activities that the person was undertaking immediately before the deregistration took effect and must not undertake any new fundraising activities; and

        (b)     must not, without the Director's written consent, pay out, or otherwise distribute or deal with, any asset obtained as a result of any fundraising appeal that the person conducted while registered as a fundraiser; and

        (c)     must give the Director an inventory of the assets of any fundraising appeal being conducted by the person within 3 working days after the withdrawal takes effect; and

        (d)     subject to paragraph (b), must ensure that any assets obtained as a result of the appeal are distributed as soon as is practicable to the intended beneficiaries of the appeal.

Penalty:     In the case of a corporation, 240 penalty units.

In any other case, 120 penalty units or imprisonment for 12 months or both.

S. 33E inserted by No. 70/2001 s. 14.