The Annual General Meeting of Southern Cross Credit Union Ltd will be held on 28th November 2023 at the Credit Union’s Corporate Service Centre, Corner Pearl and Turnock Streets Kingscliff commencing at 4pm. The business of the meeting will be as follows:
Agenda
- Opening by Chairperson
- Apologies
- Confirmation of minutes of the last Annual General Meeting
- Business arising from those minutes
- Chairman’s Report
- Directors Report and Financial reports
- Election / Appointment of Directors
- Remuneration of Directors
- General Business
- External Auditor – Resignation of Existing and Appointment of New Auditor*
- Close
By order of the Board of Directors
Brett Myles
Company Secretary
* External Auditor – Resignation of Existing and Appointment of New Auditor
The current auditors, BDO Audit Pty Ltd, have been in place since 2017 and the audit partner was required to rotate under the rules and regulations governing audit independence. The External Audit arrangement, and the Internal Audit Arrnagement has been reviewed by the Audit Committee, and from this review, the Audit Committee recommended that tenders be obtained from two audit firms including the existing auditor. From the tender process, a review was undertaken by the Board Audit Committee, and on the recommendation of the Audit Committee, your directors are recommending to shareholders that Grant Thorton Audit Pty Ltd be appointed external auditor from the next annual general meeting on 28 November 2023. The expertise, experience and knowledge of BDO Audit, will not be unavailable to the Credit Union as the Credit Union’s Board has the intention of using BDO in capacity as an internal audit resource in a co-sourced audit role.
Mr Pat McIntosh, Chair of the Board Audit Committee and member and director of the Credit Union, has nominated that Grant Thorton be appointed auditors. Grant Thorton have confirmed acceptance and consented to act as Auditors of Southern Cross Credit Union Ltd.
The Australian Securities & Investments Commission (ASIC) has consented to the resignation of BDO Audit Pty Ltd, the existing auditor, in accordance with the requirements of the Corporations Act 2001.
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The 2023 Annual Report is now available – click here to read.
Note: A Member who is entitled to attend and vote at the meeting is entitled to appoint a proxy to attend and vote instead of the member e.g. the chairman of the meeting. A proxy does not need to be a member. A member who is entitled to cast two or more votes may appoint two proxies and may specify the proportion or number of votes each proxy is appointed to exercise. Proxy forms are available from the Company Secretary. Proxy forms must reach the Company Secretary, Corporate Services Office, Level 2, 38-42 Pearl Street, Kingscliff NSW 2484, no later than 4.00pm (EDST) Monday, 27 November 2023.
A member may request to be sent personal notice of the meeting by notifying the Credit Union by: Phone: (02) 6672 2744 or Email: info@sccu.com.au or Fax: (02) 6672 2332 or Mail: Level 2, 38-42 Pearl Street, Kingscliff NSW 2484 or visit any branch.
Southern Cross Credit Union Ltd
ABN 82 087 650 682
