A prescribed association is one with gross receipts (other than money received as subscriptions, gifts under a will or the sale of assets not originally bought for resale) greater than $500 000 per year [Associations Incorporation Regulations 2008 (SA) reg 4]. Strict controls apply to prescribed associations. A prescribed association may apply to the Corporate Affairs Commission (part of Consumer and Business Services) for exemption from any of the requirements of the Associations Incorporation Act 1985 (SA) that apply to prescribed associations.
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