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Associations Incorporation Act 2009 No 7
Current version for 31 October 2018 to date (accessed 11 December 2018 at 18:01)
40 Association not to provide pecuniary gain for its members
(1) An association must not conduct its affairs (including its affairs as trustee of any trust) so as to provide pecuniary gain for its members.Maximum penalty: 60 penalty units.(2) Subsection (1) does not affect the association’s civil liability to any person as a result of it having provided pecuniary gain for its members.