ASSOCIATIONS INCORPORATION ACT 2015 - SECT 135

ASSOCIATIONS INCORPORATION ACT 2015 - SECT 135

135 .         Approval of distribution plan

        (1)         A distribution plan lodged under section 130 does not have effect unless it is approved by the Commissioner.

        (2)         The Commissioner must not approve the distribution plan until —

            (a)         the time during which any request might be made under section 132 has expired; and

            (b)         any request made under that section has been finally refused.

        (3)         For the purposes of subsection (2) a request under section 132 has been finally refused if the request is refused by the Commissioner and either —

            (a)         the time for making an application for review under section 170 has expired without such an application being made; or

            (b)         any application for review made under section 170 —

                  (i)         has resulted in the Commissioner’s refusal being confirmed; or

                  (ii)         has been dismissed or struck out.