(1)  The Governor may, by regulations under this Act, prescribe model rules for associations incorporated or desiring to become incorporated under this Act.

(2)  An association that is proposed to be incorporated under this Act, or that is incorporated thereunder, may, by special resolution, adopt as its rules all or any of the model rules or may so adopt the model rules subject to such modifications as are specified in the resolution.

(3)  Where an association is incorporated under this Act, in so far as any rules lodged, pursuant to section 7 , with its application for incorporation are not inconsistent with or do not exclude or modify the model rules as then in force, the model rules shall be deemed to form part of the rules of the association in the same manner and to the same extent as if they were contained in the rules so lodged.

(4)  No alteration of the model rules applies to an association that is incorporated before the regulation prescribing the alteration comes into operation, unless the association, by special resolution, adopts the alteration as part of its rules.