Editing
Constitution of Urabba Parks/Overview
(section)
Jump to navigation
Jump to search
Warning:
You are not logged in. Your IP address will be publicly visible if you make any edits. If you
log in
or
create an account
, your edits will be attributed to your username, along with other benefits.
Anti-spam check. Do
not
fill this in!
== Finance == Chapter 4 of the Constitution (sections 81–105) contains provisions regulating, among other things, membership of Urabba Parks. Upon the winding up of Urabba Parks, and after the payment of its debts and liabilities, ‘charity distributions’ of the surplus funds are made to eligible charities chosen by members. Charity distributions may also be made during the existence of Urabba Parks. The amount of charity distribution in respect of a member is determined by the type and grade of membership (and in some cases the amount paid up on the membership). The types of membership include: :* '''Service membership:''' This type of membership is a debt owing to the member upon winding-up or when an application for redemption is made by the member. No charity distributions can me made in respect of other types of membership until the amount paid up on service membership and its associated interest and charity distributions have been paid in full. :* '''Patron membership:''' This type of membership, along with service membership, is known as ‘preferential membership’, meaning that obligations in respect of it must be fully satisfied before further charity distributions can be made. Once charity distributions have been made on service membership, no further charity distributions can be made until a distribution equal to the amount paid up on patron membership and its associated charity distribution entitlements have been paid. :* '''Affiliate membership:''' This type of membership is issued at a nominal value, paid up from charity distributions made during the existence of Urabba Parks applied to the membership, which is the amount of the charity distribution made in respect of the membership upon winding-up. The amount is reduced equally in proportion if there are not enough surplus funds, after the payment of the debts and obligations related to service and patron members, to make any further charity distributions. :* '''Ordinary membership:''' This membership represents the ‘ownership’ of Urabba Parks, with members of this type participating in charity distributions of surplus funds in proportion to the grade of their membership, and (with some exceptions) being able to vote in elections for members of the House of Ordinaries. Chapter 4 also regulates other aspects of finance and trade. Two of the more important provisions are section 81, which provides that all money raised or received by the Executive Government of Urabba Parks is to form one Consolidated Revenue Fund, and section 83, which provides that no money may be expended by the Executive Government of Urabba Parks without the authority of Parliament.
Summary:
Please note that all contributions to Urabba Parks Pty Ltd may be edited, altered, or removed by other contributors. If you do not want your writing to be edited mercilessly, then do not submit it here.
You are also promising us that you wrote this yourself, or copied it from a public domain or similar free resource (see
My wiki:Copyrights
for details).
Do not submit copyrighted work without permission!
Cancel
Editing help
(opens in new window)
Navigation menu
Personal tools
Not logged in
Talk
Contributions
Namespaces
Page
Discussion
English
Views
Read
Edit
Edit source
View history
More
Navigation
Main page
Recent changes
Random page
Help about MediaWiki
Tools
What links here
Related changes
Special pages
Page information