1. NAME OF THE ASSOCIATION
The name of the Association is Australian Drilling Industry Association.
2. TYPE OF ASSOCIATION
(a) The Association is a not-for-profit public company limited by guarantee.
(b) Subject to this Constitution, each person who is a Member and each person who was a Member during the year ending on the day of the commencement of the winding up of the Association, undertakes to contribute to the property of the Association for:
(i) payment of debts and liabilities of the Association;
(ii) payment of the costs, charges and expenses of winding up; and
(iii) any adjustment of the rights of the contributories among Members.
(c) The amount that each Member or past Member is liable to contribute is limited to one hundred dollars ($100.00).
3. REPLACEABLE RULES
This Constitution displaces the Replaceable Rules to the extent that it is inconsistent with any Replaceable Rules.
4. DEFINITIONS AND INTERPRETATION
In this Constitution, unless there is something in the subject or context which is inconsistent:
Act means the Corporations Act 2001.
AGM means annual general meeting.
Alternate Director means a director appointed pursuant to clause 26.
Annual Membership Fee means the annual membership fee payable by Members pursuant to clause 15.
Association means Australian Drilling Industry Association.
Board means the board of Directors.
Branch means any regional group of Members from other states/territories.