LAW A COMPANY LIMITED BY GUARANTEE
MEMORANDUM OF ASSOCIATION
ETHNIC ASSOCIATION OF AUSTRALIA
The name of the Company is MONTENEGRIN
ETHNIC ASSOCIATION OF AUSTRALIA (hereinafter called the
To bring together migrants of Montenegrin origin
regardless of their religion.
To maintain Montenegrin multiculturalism,
inter-ethnic tolerance, tradition, language and customs within democratic
laws and institutions of Australia.
To promote the truth of Montenegrin history,
church, cultural heritage and natural resources.
To network closely with those who respect
Montenegrin national identity and Montenegrin souveregnity.
To assist in the settlement of migrants
particularly of Montenegrin origin in Australia.
To establish co-operation with other ethnic
communities of Australia and fully contribute to the Australian
for the purpose of carrying out aforesaid objectives and not otherwise:
4) No addition, alteration or amendment shall be made to or in the memorandum or articles of association for the time being in force, unless the same shall have been previously submitted to and approved by the Australian Securities Commission and the Consumer Affairs and any such addition shall be notified to the Minister administering the Charitable Collections Act 1934 and such addition, alteration or amendment shall not be effective unless the Minister has signified his approval to such alteration being made. Any such alteration requires two third majority of the members present at any meeting.
liability of the members is limited by guarantee and each member
undertakes to contribute to the company’s property if the Company is
wound up. While, he or she is a member or within one year after he or she
ceases to be a member, for payment of the company’s debts and
liabilities contracted before he or she ceases to be a member and of the
costs, changes and expenses of winding up and for adjustment of the rights
of the contributors among themselves, such amount as may be required not
6) If upon the winding-up or dissolution of the Company there remains, after satisfaction of all its debts and liabilities, any property whatsoever, the same shall not be paid to or distributed among the members of the Company, but shall be given or transferred to some other institution or institutions having objects similar to the objects of the Company and being a registered or exempt charity under the Charitable Collections Act 1934,and whose memorandum of association or constitution shall prohibit the distribution of its or their income and property among its or their members to an extent at least as great as is imposed on the Company under or by virtue of clause 3 hereof, such institution or institutions to be determined by the members of the Company at or before the time of the dissolution and in default thereof by application to the Supreme Court for determination PROVIDED that where the Company has received funds by way of grant from any State or Commonwealth Authority and at the time of any winding up or dissolution shall be refunded to such State or Commonwealth Authority.
7) True accounts shall be kept of the sums of money received and expended by the Company, and the matter in respect of which such receipt and expenditure takes place, and of the property, credits and liabilities of the Company and, subject to any reasonable restrictions as to the time and manner of inspecting the same that may be imposed in accordance with the article of association for the time being in force shall be open to the inspection of the members. Once at least in every year, the accounts of Company shall be examined by one or more properly qualified Auditor or Auditors who shall report to the members in accordance with the provisions of the Corporations Law.
8) Where funds have been received by the Company by way of grant from any State or Commonwealth Authority for a specific project and it is resolved that such specific project should be abandoned or ceased then the Company shall forthwith upon the making of such resolution refund such unexpended grant moneys in full to such State or Commonwealth Authority unless otherwise permitted by such State or Commonwealth Authority.9) Where grant moneys have been received by a Company from any State or Commonwealth Authority for the purpose of purchasing capital items and such items are later sold by the Company the proceeds of such sale shall be refunded to such Commonwealth or State Authority unless otherwise permitted by such State or Commonwealth Authority.