not vote on the matter. Under section 81(3) of the Act, if there are insufficient committee members to form a quorum because a member who has a material personal interest is disqualified from voting on a matter, a general meeting may be called to deal with the matter. (3) This rule does not apply to a material personal interest— exists only because the member belongs to a class of persons for whose benefit the Association is established; or the member has in common with all, or a substantial proportion of, the members of the Association. 66 Minutes of meeting (1) The Committee must ensure that minutes are taken and kept of each committee meeting. (2) The minutes must record the following— names of the members in attendance at the meeting; business considered at the meeting; resolution on which a vote is taken and the result of the vote; material personal interest disclosed under rule 65. 67 Leave of absence (1) The Committee may grant a committee member leave of absence from committee meetings for a period not exceeding 3 months. (2) The Committee must not grant leave of absence retrospectively unless it is satisfied that it was not feasible for the committee member to seek the leave in advance. PART 6—FINANCIAL MATTERS 68 Source of funds The of the Association may be derived from joining fees, annual subscriptions, donations, fund-raising activities, grants, interest and any other sources approved by the Committee. 69 Management of funds (1) The Association must open an account with a financial institution from which all expenditure of the Association is made and into which all of the Association's revenue is deposited. (2) Subject to any restrictions imposed by a general meeting of the Association, the Committee may approve expenditure on behalf of the Association. (3) The Committee may authorise the Treasurer to expend funds on behalf of the Association (including by electronic funds transfer) up to a specified limit without requiring approval from the Committee for each item on which the funds are expended. (4) All cheques, drafts, bills of exchange, promissory notes and other negotiable instruments must be signed by 2 committee members. (5) All funds of the Association must be deposited into the financial account of the Association no later than 5 working days after receipt.
not vote on the matter. Under section 81(3) of the Act, if there are insufficient committee members to form a quorum because a member who has a material personal interest is disqualified from voting on a matter, a general meeting may be called to deal with the matter. (3) This rule does not apply to a material personal interest— exists only because the member belongs to a class of persons for whose benefit the Association is established; or the member has in common with all, or a substantial proportion of, the members of the Association. 66 Minutes of meeting (1) The Committee must ensure that minutes are taken and kept of each committee meeting. (2) The minutes must record the following— names of the members in attendance at the meeting; business considered at the meeting; resolution on which a vote is taken and the result of the vote; material personal interest disclosed under rule 65. 67 Leave of absence (1) The Committee may grant a committee member leave of absence from committee meetings for a period not exceeding 3 months. (2) The Committee must not grant leave of absence retrospectively unless it is satisfied that it was not feasible for the committee member to seek the leave in advance. PART 6—FINANCIAL MATTERS 68 Source of funds The of the Association may be derived from joining fees, annual subscriptions, donations, fund-raising activities, grants, interest and any other sources approved by the Committee. 69 Management of funds (1) The Association must open an account with a financial institution from which all expenditure of the Association is made and into which all of the Association's revenue is deposited. (2) Subject to any restrictions imposed by a general meeting of the Association, the Committee may approve expenditure on behalf of the Association. (3) The Committee may authorise the Treasurer to expend funds on behalf of the Association (including by electronic funds transfer) up to a specified limit without requiring approval from the Committee for each item on which the funds are expended. (4) All cheques, drafts, bills of exchange, promissory notes and other negotiable instruments must be signed by 2 committee members. (5) All funds of the Association must be deposited into the financial account of the Association no later than 5 working days after receipt.
constitution.docx