PART 9 - MISCELLANEOUS

51. Common seal

(1) The common seal of the Association must not be used without the express authority of the Committee and every use of that common seal must be recorded by the Secretary.

(2) The affixing of the common seal of the Association must be witnessed by any 2 of the following:

(a) the Chairperson;
(b) the Secretary;
(c) the Treasurer.

(3) The common seal of the Association must be kept in the custody of the Secretary or another person the Committee from time to time decides.

52. Distribution of surplus assets on winding up

(1) If on the winding up or dissolution of the Association, and after satisfaction of all its debts and liabilities, there remains any assets, the assets must not be distributed to the members or former members.

(2) The surplus assets must be distributed as follows:

• Any funds not expended from Funding provided through grants to be returned to the relevant providers
• Any surplus assets remaining must be given or transferred to another association incorporated under the Act that -

(a) has similar objectives or purposes;
(b) is not carried on for profit or gain to its individual members; and
(c) is determined by resolution of the members.