Drew,
You may want to talk to Ben regarding the original NSW assoc and what did Will have as to the paperwork, including registration of name etc etc....
As for legalities, Yachting Aust I believe require you to be incorporated but I am sure that Yachting NSW or Yachting Qld ( dependant on who you aline yourselves with) will give you the guidance in regard to new assoc stuff.......or the re-awakening of the old assoc as they existed in both states not that long ago.
Drew, you can get my mobile number from Ben or Karl and give me a call if you have any queries, but it may take me a few days to get back as I will be back at sea.
Good effort guys.
David