Page 101 - VACC Membership Kit 2023

36 – FINANCIAL MANAGEMENT
PART VIII – MISCELLANEOUS
33 – EXECUTION OF DOCUMENTS
(a) Subject to clause 33(c) and (d), any document is validly executed by the Association if the document is signed by two members of the Executive Board.
(b) A member of the Executive Board may not sign a document if that Office holder is interested in the contract or arrangement to which the document relates.
(c) The Executive Board may from time to time delegate execution authority for certain types of documents as it sees fit.
(d) Any document related to the Fair Work Commission is validly executed if the application is executed by the Industrial Officer or a member of the Executive Board, or as directed by the Industrial Officer, except as otherwise provided for in the Act.
34 – LEGAL REPRESENTATION
(a) The Executive Board may from time to time authorise and appoint any Officer or Member of the Association to represent the Association or any Member of the Association in any proceedings before any Court or Commission or other legal conciliation or arbitration tribunal or authority if such proceedings shall appear to be of concern to the Association.
(b) The solicitor of the Association may from time to time be appointed and changed by the Executive Board.
35 – EXPENDITURE AND CONTRIBUTIONS
(a) The Executive Board must develop policies relating to the expenditure of the Association and will direct the Chief Executive Officer to implement those policies.
(b) Before any expenditure of the funds of the Association is incurred, the Chief Executive Officer must give an estimate of the proposed expenditure to the Executive Board for authorisation, and afterwards submit financial reports that reflect expenditure.
36 – FINANCIAL MANAGEMENT
(a) Except for the Special Capital Fund which is governed by clause 31, the control of the funds of the Association shall is vested in the Executive Board or in such trustees or officers as the Executive Board may direct.
(b) The Executive Board shall cause true accounts to be kept of all sums of money received and expended by the Association, and of the matters in respect of which such receipts and expenditure takes place, and of all the property, credits and liabilities of the Association.
(c) All funds shall be deposited to the credit of the Association at such bank as may be approved by the Executive Board.
191V: Incorporates alterations of 5 February 2021 (R2020/198 and D2020/19) Page 31 of 33 Pages