Queensland incorporated associations

The Associations Incorporation and Other Legislation Amendment Bill 2006 has been introduced into Queensland Parliament.

The key policy objectives of this Bill are to address the following issues through amendments to the Associations Incorporation Act 1981:

• The mandatory public liability insurance requirement will be removed but, as a safeguard, associations will be required to investigate the need to take out public liability insurance and report their decision to all members and inform other parties that might be affected. (The mandatory public liability insurance requirement has been retained, for reasons set out in the Explanatory Notes, for associations that hold land on trust under the Land Act 1994 or that own or lease land.)

• associations with total income and current assets of less than $100,000 will be exempt from full audit and reporting requirements.