ASSOCIATIONS INCORPORATION ACT 2015 - SECT 148
ASSOCIATIONS INCORPORATION ACT 2015 - SECT 148
148 . Powers in respect of property
(1) On the making of
an order under section 147 cancelling the incorporation of an association
—
(a) the
property held by the association immediately before the cancellation vests in
the State; and
(b) the
Commissioner acting on behalf of, and in the name of, the State has power to
realise such property, pay the debts and liabilities of the association,
distribute its surplus property and wind up its affairs.
(2) Nothing in this
section imposes an obligation or liability on the Commissioner or the State to
do any act or thing required by law to be done by the owner or occupier of the
property other than the satisfaction or payment of the charge, claim or
liability out of the property of the incorporated association so far as it is,
in the opinion of the Commissioner, properly available for and applicable to
the payment.
(3) The Commissioner
may for the purposes of this section or any incidental purpose —
(a) do
all such other acts and things as are reasonably necessary or expedient; and
(b)
appoint a person to investigate the affairs of the association and exercise
any power on behalf of the Commissioner; and
(c) give
such directions as the Commissioner thinks fit; and
(d) do
or omit any act or thing, or take any step, that is prescribed.
(4) The reasonable
costs, charges and expenses of the Commissioner or the State and a person
appointed under subsection (3)(b) relating to the exercise and performance of
the powers and functions conferred by or under this section in respect of an
incorporated association are to be paid out of the property of the
association.