The property and income of the Association must be applied solely towards the promotion of the objects or purposes of the Association and no part of that property or income may be paid or otherwise distributed, directly or indirectly, to any member, except in good faith in the promotion of those objects or purposes.
A payment may be made to a member out of the funds of the Association only if it is authorised under Rule 2(3).
A payment to a member out of the funds of the Association is authorised if it is —
(a) The payment in good faith to the member as reasonable remuneration for any services provided to the Association, or for goods supplied to the Association, in the ordinary course of business; or
(b) The payment of interest, on money borrowed by the Association from the member, at a rate not greater than the cash rate published from time to time by the Reserve Bank of Australia; or
(c) The payment of reasonable rent to the member for premises leased by the member to the Association; or
(d) The reimbursement of reasonable expenses properly incurred by the member on behalf of the Association; or
(e) The property and income of the Association must be applied solely towards the promotion of the objects or purposes of the Association and no part of that property; or
(f) Income may be paid or otherwise distributed, directly or indirectly, to any member of the Association, except in good faith in the promotion of those objects or purposes.
The name of the Association is: Future Happiness Association Incorporation.
Under Rule 3 of the Act the Association may do all things necessary or convenient for carrying out its objects or purposes. Subrule (2)(3).
The Objectives of the Association
Future Happiness Association Incorporation Objectives.
To provide direct relief from isolation for disadvantaged children by advancing social and public welfare in low economic and isolated communities in Australia, without discrimination or favour and without limiting the generality of this statement while following the Objectives of the Association by;
(a) Providing funding and implementing solutions that advances social and public welfare statuses through social interactive platforms for children in low economic and isolated Communities;
(b) Provide connection for like-minded isolated and disadvantaged children and families in after school care programs;
(c) Provide additional education and support for English, numeracy and educational skills;
(d) Promote awareness and support for health, nutrition and wellbeing;
(e) Promote awareness to addictions, alcohol, drug and substance abuse;
(f) Promote and build connections through comradeship, sport and personal interests;
(g) Promote programs that build connection to self, group, Communities, the Land and the Environment;
(h) Bridge the gap and bring isolation into context and focus;
(i) Provide a snack for sustenance; and
(j) Fund yearly group camps, personal interaction and togetherness.
Powers of the Association
The powers conferred on the Association by Rule 3 of the Act are subject to the following additions, exclusions or modifications.
(a) acquire, hold, deal with, and dispose of any real or personal property;
(b) open and operate bank accounts;
(c) invest its monies;
In any security in which trusts moneys may be invested; or
In any other manner authorised by the Rules of the Association.
(d) borrow money on such terms and conditions as the Association thinks fit;
(e) give such security for the discharge of liabilities incurred by the Association on its behalf;
(f) appoint agents to transact any business of the Association on its behalf;
(g) enter into any other contract it considers necessary or desirable;
(h) employ staff to enable the conduct of the business of the Association;
(i) raise by public or private subscriptions or otherwise funds which shall be used in furtherance of any one or more of the objects of the Association;
(j) to operate and maintain a gift fund for the receipt of charitable donations.