Western Australian Current Acts

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121 .         Voluntary winding up under Corporations Act

        (1)         This section applies to an incorporated association that has surplus property to be distributed on winding up.

        (2)         An incorporated association may be wound up voluntarily if the association so resolves by special resolution.

        (3)         The voluntary winding up of an incorporated association is declared to be an applied Corporations legislation matter in relation to the Corporations Act Parts 5.5 and 5.6 subject to the following modifications —

            (a)         the modifications to the text of that Act set out in Schedule 3;

            (b)         such other modifications (within the meaning of the Corporations (Ancillary Provisions) Act 2001 Part 3) as may be prescribed by the regulations.

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