[committee] Resolution to recognise term deposit as investment (was: No subject)

Sam Moore matches at ucc.gu.uwa.edu.au
Tue Mar 12 11:45:36 WST 2013


So there is some confusion over 3.1:

This is how I originally wrote it:
> 3.1 The minimum amount shall be the smallest out of either $1000, or
> all interest earned from the investment in that year.

This is how [MRD] wrote it:

> 3.1 The minimum amount contributed shall be the greater of 
$1000, all interest earned from the investment in that year.

I think that [BOB]'s intent was basically the first of the above.

Personally I would support 3.1 as written by me, because [MRD]'s 
interpretation means that *all* interest would have to be re-invested if 
there was more than $1000... and if there were less than $1000, Committee 
would be forced to find more money...

[SZM]


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