Test your knowledge of the Incorprorations Act with this scenario:

Corangamite Sports and Social Club Incorporated has been planning a major event for several months.  Called a ‘Sports Expo’, it plans to promote benefits of sport among young people in the region.  It has the backing (in kind, not financial) of most of the individual sporting clubs in the area, for the Expo is also a membership drive, even if somewhat disguised.  Attempts to get major sporting equipment and clothing companies to hire floor space and mount displays are dependent on the club securing a big-name sporting identity to open it. The club is satisfied it can do this and agreements are signed with five major sporting companies.  It promises to become an outstanding success, with static displays, lots of media attention, coaching clinics, demonstration sessions, even a rock group is engaged as an additional draw card for young people.  It is widely promoted.  

One member of the committee (every committee has a Jonah) is concerned that the costs have sky rocketed, and he believes that the feeling of enthusiasm for the event has overtaken some harsh financial realities.  It is true, costs have exceeded budget estimates. The big-name identity came at a big-figure price, the insurance company, already freaked out like the rest of the industry by September 11, refuses to cover three of the most popular demonstration sessions.  You are a member of the committee and some important decisions need to be made.