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Notice for the AGM

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The 66th Annual General Meeting of Laboratories Credit Union Limited will be held on Thursday, 5th November 2020 at 6.00 pm via Videoconference.

Due to current restrictions on public gatherings, we will be holding a virtual AGM this year via Videoconference. Details about registering for the AGM will be sent to members closer to the AGM date. Regrettably, we will not be holding a dinner following the AGM this year.

Agenda

  1. Confirmation of minutes from the last AGM held on 7th November 2019.
  2. To receive from the Board, General Manager and Auditor, reports on the results of operations of Laboratories Credit Union during the financial year ended 30 June 2020.
  3. Election of Directors
    Two (2) Directors are to be elected in accordance with the Constitution of the Credit Union. Current Directors Peter Steele and Richard John Stephens have their terms of office terminating at this meeting. Both Directors have re-nominated for a further term and are eligible for re-election in accordance with the Constitution, as the Credit Union has received two [2] nominations for two [2] positions, an election is not required. Subject to the Credit Union’s Nomination Committee process, a separate resolution confirming each appointment will be put to the shareholders at the meeting. 
  4. Remuneration of Directors
    It is recommended that the total remuneration to be shared by the Board of Directors for the 2020/21 period be increased from $55,000 to $57,000 plus 9.5% Superannuation Guarantee Contribution. 
  5. General Business

By Order of the Board
Leanne Harris
Secretary
16th September 2020

Entitlement to Vote

All members aged 18 years or more are entitled to vote at the AGM. A body corporate member wishing to appoint an individual as its representative at the AGM must provide the Credit Union with a validly executed written appointment. Alternatively, members may appoint a proxy to attend and vote at the AGM on their behalf. 

Proxies

You can appoint a proxy to attend and vote at the meeting on your behalf. Your proxy does not have to be a member of Laboratories Credit Union. You can obtain an Appointment of Proxy form from the Credit Union by phoning the Secretary on 02 9859 0560 or emailing a request to info@lcu.com.au. To be valid, your completed Appointment of Proxy form must reach Laboratories Credit Union at 1 The Village, 3 Julius Avenue (PO Box 1967 Macquarie Centre) North Ryde NSW 2113 no later than 48 hours before the Annual General Meeting. 

Annual Reports

Copies of Laboratories Credit Union Annual Report for the year ended 30th June 2020 will be available on our website at www.lcu.com.au or Members can request a copy by telephoning or visiting the credit union office during working hours.

Enquire Call 02 9859 0585