Annual General Meeting
Learn all you need to know about the ACTS AGM
Notice of Annual General Meeting
To be held on Wednesday 28 September 2011
at the 2011 ACTS Conference – National Wine Centre of Australia, Adelaide SA at 4.15pm
- Download a copy of the ACTS 2011 AGM agenda here
- Download the nomination form for ACTS Executive Committee members here
Agenda:
- Apologies
- Receiving Annual Reports
- Presidents Report
- Financial Report
- General Reports – executive members and regional directors
- Special resolutions
Special Resolution for 2011 AGM
The Executive Committee recommends the consideration and approval of the following amendment to the constitution:-
“36 DISTRIBUTION OF SURPLUS ASSETS TO ANOTHER ENTITY
(1) This section applies if the association -
(a) is wound-up under part 10 of the Act;1 or and
(b) it has surplus assets.
(b) ceases to be registered as a deductible gift recipient under Dividion 30 of Income Tax Assessment Act 1997 (Cth).
(2) The association must pass a special resolution nominating the transfer of any surplus assets to an association, fund, authority or institution as provided for under section 92(1) of the Associations Incorporation Act 1981.
(3) The surplus assets must be given to another entity
(a) Having objects similar to the association’s objects; and
(b) the rules of which prohibit the distribution of the entity’s income and assets to its members.
(3) As association nominated under rule 36(2) must be a fund, authority or institution mentioned in subdivision 30-B, or endoresed under subdivision 30-BA, of the Income Tax Asessment Act 1997 (Cth).
(4) The surplus assets must not be distributed among the association members.
(5) In this section – “surplus assets” mean the property of the Association remaining after the satisfaction of the debts and liabilities of the Association and the costs, charges and expenese of the winding up of the Association. has the meaning given by section 92(3)2 of the ACT.1
PART 10 (winding-up) of the ACT”
Background: This amendment is recommended to the Executive Committee by MinterEllson Lawyers for the Association to meet the Australian Tax Office requirement to change our constitution so that the Association can obtain DGR tax status. The DGR tax status is required by many Foundations and grant providers to enabel the Assoication to apply for research grants and projects.
7. Election of Officers
8. Meeting Closure
