Editing
Constitution of Urabba Parks/Section 99
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!
[[Constitution of Urabba Parks/Contents|Table]]|[[Constitution of Urabba Parks/Notes|Notes]]|[[Constitution of Urabba Parks/Section 98|Previous]]|[[Constitution of Urabba Parks/Section 100|Next]]|[[Constitution of Urabba Parks/Download|Download]]<br>{{Navbar|L=Constitution of Urabba Parks|Ch=4|Pt=2|Div=1|Sdiv=C|S=99}} = Urabba Parks not to give preference = == <span id="s1"></span>Application to jurisdictional divisions == (1) Urabba Parks shall not, by any law or regulation of trade, commerce, or revenue, give preference to one jurisdictional division or any part thereof over another jurisdictional division or any part thereof. == <span id="s2"></span>Application to members == (2) Urabba Parks shall not by law or regulation give preference to one ordinary member over another in respect of: :<span id="par2a"></span>(a) any liability for membership fees of ordinary membership; :<span id="par2b"></span>(b) the voting rights of ordinary members eligible to vote on a resolution; :<span id="par2c"></span>(c) the proportion of charity distribution made to ordinary members. <span id="s3"></span>(3) Despite paragraph (2)(c) no charity distribution shall be made in respect of any ordinary membership to the extent the membership is pledged, or has been originally granted in the previous 12 months and is excluded under law in force at the time of the original grant from charity distributions made. = <span id="EM"></span>Relevant notes from the Explanatory Memorandum = 247. The intent of this section is to ensure the equality of members and entities of Urabba Parks no matter where they live or operate. 248. In order to ensure the equality of jurisdictional divisions, subsection (1), based on section 99 of the Australian Constitution, restricts the power of Urabba Parks to give preferential treatment to one jurisdictional division in the areas of trade, commerce, or revenue. 249. In order to ensure the equality of ordinary members, subsection (2) provides for the equality of: :(A) membership fees of ordinary membership, so each ordinary member’s fees are calculated in the same way; :(B) voting rights of ordinary members, so effectively each share of ordinary membership has one vote where the membership carries an entitlement to vote on the resolution; and :(C) charity distributions among ordinary members, so ordinary members nominate the eligible charities to receive the surplus assets of Urabba Parks on winding up proportionally to the shares they hold, and that each share of ordinary membership has the same amount of charity distribution. 250. In order to protect the rights of existing paid-up ordinary members, subsection (3) provides that ordinary membership shall not have any rights to charity distributions if the membership is pledged (i.e. unpaid on the principal amount), or the membership was originally granted (issued) in the past 12 months and the law in force at the time of the original grant excluded the membership. [[Category:Urabbaparcensian constitutional law| ]]
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)
Template used on this page:
Template:Navbar
(
edit
)
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