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.