Notice for the AGM

The 69th Annual General Meeting of Laboratories Credit Union Limited will be held on Wednesday, 22nd November 2023 at 6.00pm. The AGM will be held online. 

Call for Nominations of Directors

Nomination period is now ended. 

Agenda

1. Confirmation of minutes from the last AGM held on 3rd November 2022.

2. To receive from the Board, Chief Executive Officer and Auditor, reports on the results of operations of Laboratories Credit Union during the financial year ended 30 June 2023.

3. Election of Directors
One [1] Director is to be elected in accordance with the Constitution of the Credit Union. Current Director Richard John Stephens has their term of office terminating at this meeting. This Director has re-nominated for a further term and is eligible for re-election in accordance with the Constitution, as the Credit Union has received one [1] nomination for one [1] position, an election is not required. Subject to the Credit Union’s Nomination Committee process, a separate resolution confirming the appointment will be put to the shareholders at the meeting.

4. Remuneration of Directors
That a resolution be passed by members that in accordance with clause 17 of the Constitution, the total remuneration to be shared by the Board of Directors for the 12-month period following this AGM be $67,500. This is a 4.5% increase on last year which has been calculated as a 4% increase and 0.5% for the increase in the superannuation guarantee levy.

5. General Business

By Order of the Board
Helen Lorigan
Secretary
5 October 2023 

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 are available on our website at About us / Annual Reports or Members can request a copy by telephoning or visiting the credit union office during working hours.

Enquire Call 02 9859 0585