Co-operative Living Information

New legislation will be introduced for incorporated associations in Victoria in the second half of this year.

Announcing the plan, Consumer Affairs Victoria stated that the new Act will:

• allow incorporated associations to trade, provided that profits are used to further the purposes of the association rather than distributed to members
• revise annual reporting requirements and audit thresholds, reducing reporting obligations for smaller associations
• include a definition of the term 'office holder' and clarify their duties require an association to provide an indemnity for committee members
• clarify the minimum rights of members, in particular attendance and voting at meetings, and to access financial and other records
• require an association to maintain a register of members and ensure information about them will not be used or disclosed inappropriately
• replace the term 'public officer' with 'secretary'
• improve grievance and dispute resolution procedures
• allow an association to keep its records in any language, provided an English translation is available on request
• enable committee meetings and general meetings to be held in different locations through the use of technology.

Consumer Affairs Victoria is also developing new regulations for the Act, detailing forms, fees and fines.

The Act will come into effect after the regulations are finalised.

(Some intentional communities in Australia are formally constituted as incorporated associations.)

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