PNGAA Rules:
Rule 44: Distribution of surplus assets

 

If the association shall be wound up in accordance with the provisions of the Associations Incorporation Act 1984 of New South Wales and there remains, after satisfaction of all debts and liabilities, any property whatsoever, the same shall not be paid to or distributed among members of the association, but shall be given or transferred to some other institution or institutions having objects similar to the objects of the association, and which shall prohibit the distribution of its or their income and property among its or their members to an extent at least as great as is imposed on the association under or by virtue of Rule 36,  such institution or institutions to be determined by the members.