35.1

If the Association is wound up, its remaining profit, income and assets must not be distributed to any Member.

35.2

Instead the remaining assets must be given to an entity (if practical in the local area):

35.2.1

that has similar objects to the Association;

35.2.2

that also prohibits the distribution of profit, income and assets to its members to at least as great an extent as the Rules; and

35.2.3

to which income tax deductible gifts can be made (if the Association has been notified by the Commissioner that gifts and contributions to the Association will be an allowable deduction), subject to Rule 36.

35.3

The entity referred to in Rule 35.2 must be decided by a special resolution of the Members, or by a resolution of the Board passed by an Absolute Majority.