Queensland incorporated associations can now transfer to company limited by guarantee

Amendments to the Associations Incorporation Act 1981 (Qld) which came into effect in December 2011 allow an incorporated association to apply to the Office of Fair Trading for authority to transfer its incorporation to that of a company limited by guarantee under the Corporations Act 2001 (Cth). If granted authority, the incorporated association may then apply to the Australian Securities and Investments Commission for registration.

If you are considering transitioning your incorporated association into a company limited by guarantee, please speak with one of our Board Matters consultants who will be happy to provide you with further information.