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| | {{Legisbar|lg=Constitution of Urabba Parks|s=105|pr=104|nx=106|cp=4|pt=3|dv=2}} | | {{Legisbar|lg=Constitution of Urabba Parks|s=105|pr=104|nx=106|cp=4|pt=3|dv=2}} |
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| − | '''Section 105''' of the [[Constitution of Urabba Parks]] | + | '''Section 105''' of the [[Constitution of Urabba Parks]] provides that the Parliament may repurchase membership. |
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| | == Compiled text (Section 105 - Selective reduction of membership) == | | == Compiled text (Section 105 - Selective reduction of membership) == |
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| | ::(i) to approve by special resolution the acquisition of membership to which is attached to property in exchange for a charity distribution of the property; or | | ::(i) to approve by special resolution the acquisition of membership to which is attached to property in exchange for a charity distribution of the property; or |
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| − | ::(ii) if the member is also an eligible charity, approve by resolution under section 258B of the ''Corporations Act 2001'' of the Parliament of the Commonwealth – to exchange the membership for the real property to which the membership is so attached; | + | ::(ii) if the member is also an eligible charity, approve by resolution under section 258B of the ''Corporations Act 2001'' of the Parliament of the Commonwealth – to exchange the membership for the real property to which the membership is so attached; |
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| | subject to any such conditions as the Parliament sees fit. | | subject to any such conditions as the Parliament sees fit. |
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| − | (2) A law made under subsection (1) may also deal with any appropriation from the Treasury of Urabba Parks required for a reduction of membership. | + | (2) No consideration shall be given by Urabba Parks for its membership except for the following, being consideration: |
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| − | (3) No consideration shall be given by Urabba Parks for its membership except for the following, being consideration:
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| | :(a) mandated by an Australian law or court order; | | :(a) mandated by an Australian law or court order; |
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| | :(e) of equity instruments in a charity; | | :(e) of equity instruments in a charity; |
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| − | :(f) of a charity distribution of money in the Consolidated Revenue Fund appropriated by a law made under subsection (1); | + | :(f) of a charity distribution of money in the Consolidated Revenue Fund appropriated by a law made under subsection (1); |
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| | :(g) of a charity distribution of property of the entity of which membership is granted that is approved by the entity. | | :(g) of a charity distribution of property of the entity of which membership is granted that is approved by the entity. |