After incorporation

Several things must happen after your association becomes incorporated.

Any assets, liabilities, rights or legal proceedings of the unincorporated association are transferred to the newly incorporated association.
Once we issue the certificate of incorporation, your association must obtain a common seal (rubber stamp) with the association’s full name (including the word ‘Incorporated’ or the abbreviation ‘Inc.’) and the words ‘Common Seal’. The seal legally identifies the association on documents and provides proof of name on legal documents.
Keep a set of books (for at least seven years and in English) to record:
- financial transactions
- a list of current members
- minutes of general meetings and committee meetings
- a register of assets.
Arrange with the Registrar of Titles to transfer property currently registered in the trustees’ names to the association.
Investigate whether the association needs to take out public liability insurance.
Open a bank account in the association’s name with a financial institution in Queensland. The institution may need a copy of the certificate of incorporation and association rules.
If the association wishes to set up an office or do business outside Queensland, you need to register as a Registered Australian Body. To do this, contact Australian Securities and Investments Commission.

Last reviewed 01/09/2009