Document ID: chunk:federal_register_of_legislation:C2004A01041:clause:1b_152
Version: federal_register_of_legislation:C2004A01041
Segment Type: clause
Provision Reference: sch 1B cl 152
Character Range: 214094–215371

152  Assets and liabilities agreements

 (1) The rules of an organisation of employees may authorise the organisation to enter into agreements with State unions setting out arrangements for the management and control of the assets and liabilities of the organisation and the State union concerned.

 (2) The agreements must be in the prescribed form.

 (3) If, under rules made under subsection (1), an organisation enters into an agreement with a State union, the organisation must lodge a copy of the agreement in the Industrial Registry.

Note: This subsection is a civil penalty provision (see section 305).

 (4) The agreement does not come into force unless and until the Industrial Registrar enters particulars of the agreement in the register kept under paragraph 13(1)(a).

 (5) The Industrial Registrar must not enter particulars of the agreement in that register unless he or she has been directed by the Commission to do so.

 (6) The Commission must not give such a direction to the Industrial Registrar unless the Commission is satisfied that the agreement:
 (a) is not contrary to any object of this Schedule or the Workplace Relations Act; and
 (b) does not adversely affect the interests of any lessor, lessee or creditor of the organisation or State union.