Page 3369 - Week 12 - Tuesday, 17 September 1991

Next page . . . . Previous page . . . . Contents . . . . Debates(HTML) . . . . PDF . . . .

---

dealt with fairly rigorously, in keeping with the moves in the corporations law package, but more flexible arrangements will apply to smaller associations. The Government is prepared to accept this amendment.

Amendment agreed to.

Clause, as amended, agreed to.

Clause 74

MR COLLAERY (4.05): I move:

Page 34, line 20, omit the penalty at the end, substitute the following subclause and penalty:

"(5) Subsection (3) does not apply to an incorporated association prescribed for the purposes of section 75A.

Penalty: $2,000.".

Briefly, this corrects and brings into line a situation that would otherwise result in an unintended effect. I think it is a machinery amendment. I believe that the Attorney has graciously indicated that he is going to agree to this; so I will not address the house any further.

MR CONNOLLY (Attorney-General, Minister for Housing and Community Services and Minister for Urban Services) (4.06): Yes, indeed. This is consequential on the previous amendment and we are happy to accept it.

Amendment agreed to.

Clause, as amended, agreed to.

Clause 75 agreed to.

Proposed new clause 75A

MR COLLAERY (4.06): I am proposing that a new clause, 75A, be inserted after clause 75. I move:

Page 34, line 31, after clause 75 insert the following new clause:

Auditor of prescribed associations

"75A. (1) An incorporated association, being an association prescribed for the purposes of this section, shall appoint an auditor who is registered as an auditor pursuant to the Corporations Law, being a person who is not -

(a) an officer of the association;

(b) a partner, employer or employee of an officer of the association; or

---

Next page . . . . Previous page . . . . Contents . . . . Debates(HTML) . . . . PDF . . . .