Page 16 - AMC Constitution 2020

(d) may, in relation to the accounts of the Association, examine any member of the
Executive Committee, or any servant of the Association.

12 PROHIBITION AGAINST SECURING PROFITS FOR MEMBERS

The income and capital of the Association shall be applied exclusively to the promotion of its
objects and no portion shall be paid or distributed directly or indirectly to members or
their associates except as bona fide remuneration of a member for services rendered or
expenses incurred on behalf of the Association.

The Executive Committee shall not -

(a) appoint a person who is a member of the Executive Committee of a Member
Organisation, or who is a member of the governing body of a Member
Organisation, to any office of the Association for which the holder is payable
any remuneration by way of salary, fees, or allowances to accept that position;
or

(b) pay to any such person any remuneration or other benefit in money or money's
worth (other than the repayment of out-of-pocket expenses).

Nothing in the foregoing provisions of this Rule prevents the payment in good faith, to
a person who is a member of the Executive Committee of a Member Organisation, or a
servant or an officer of the Association of -

(a) remuneration in return for services actually rendered to the
Association, or for goods supplied to the Association in the ordinary course of
business;

(b) interest at current bank overdraft rate on money lent; or

(c) a reasonable and proper sum by way of rent for premises let to the Association.

Section 55 of the Act provides a prohibition against securing profits for members.

13 CONSTITUTION AND RULES

a) The Constitution and Rules may be altered (including an alteration to the Association’s
name) by Special Resolution of the members of the Association. This includes recission
or replacement of the Constitution by substitute rules.

b) The alteration shall be registered with Consumer and Business Services which administers
the Corporate Affairs Commission, as required by the Act.

c) The registered Constitution and Rules shall bind the Association and every member to the
same extent as if they have respectively signed and sealed them and agreed to be bound
by all of the provisions thereof.

AMC Constitution Page 16 of 17