The Company is a company limited by guarantee. The liability of its members is limited to the amount they have agreed to pay in the guarantee. The Company must always have at least one member and three directors.

The Constitution sets out the basis on which the Company is to be managed. Nothing in the Constitution is intended to derogate from the Corporations Act. That Act:

• imposes many obligations on the Company which are not reproduced in this Constitution; and
• overrules anything in this Constitution to the extent that they are inconsistent.

This Constitution replaces the replaceable rules in the Corporations Act. Words used in the Constitution which have a meaning in the Corporations Act have the same meaning in this Constitution (unless expressly stated otherwise).

The UIP Constitution last revised on the 15th of September, 2022 by the UIP General Council.