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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.