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ASSOCIATIONS INCORPORATION ACT 2015 - SECT 50

ASSOCIATIONS INCORPORATION ACT 2015 - SECT 50

50 .         Annual general meeting

        (1)         Except as allowed under subsection (2), an incorporated association must in each calendar year hold an annual general meeting.

        Penalty: a fine of $5 000.

        (2)         An incorporated association may hold its first annual general meeting at any time within 18 months after incorporation.

        (3)         Except as allowed under subsection (2), an incorporated association must hold its annual general meeting —

            (a)         within 6 months after the end of the association’s financial year; or

            (b)         within such longer period as may in a particular case be allowed by the Commissioner.

        Penalty: a fine of $2 750.