[committee] Investment policy motions for Annual General Meeting

[James Arcus]

Hi there,

Could you please add the following motions to the agenda for the Annual 
General Meeting under general business:

*Motion 1:*

This resolution is made in accordance with the University Computer Club 
Inc. Investments Policy as detailed in section 1 of Appendix 1 of the 
Constitution.

The University Computer Club Inc. hereby resolves to set aside the 
previous investment resolution^[1].

[1]: https://www.ucc.asn.au/infobase/minutes/2016/AGM2016_resolution.txt 
"Investment policy 2016"

*Motion 2:*

This resolution is made in accordance with the University Computer Club 
Inc. Investments Policy as detailed in section 1 of Appendix 1 of the 
Constitution.

The club resolves to set aside the sum previously residing in the Club's 
term deposits, in addition to those funds designated for reinvestment 
under the previous investment resolution, as an investment as follows:

1 The initial sum shall be invested in an exchange traded fund or funds 
(ETFs) where each ETF satisfies the following criteria:
     1.1 The ETF shall be traded on the Australian Stock Exchange (ASX),
     1.2 The ETF must target at least 25% Australian assets,
     1.3 The management fees shall be under 0.5% per annum,
     1.4 The fund issuer shall have been operating for at least 10 years,
     1.5 The fund itself shall have existed for at least 3 years,
     1.6 The minimum fund size shall be one hundred million Australian 
dollars,
     1.7 The dividend payment interval shall be no longer than quarterly.

2 The funds shall be invested in broad exposure ETFs, such that:
     2.1 The target value split shall be 50% medium-risk or lower ETFs,
     2.2 When new capital or dividends are invested, funds shall be 
purchased with a goal of returning the split to the target so far as is 
possible,
     2.3 The minimum value split shall be 30% medium-risk or lower ETFs,
     2.4 The Committee should take reasonable steps to maintain the 
value split within the specified range.

3 Dividends received from the investment shall be reinvested in the 
principal such that the principal grows by at least the CPI of the 
previous calendar year plus one percentage point:
     3.1 Should the dividend be insufficient, it shall be reinvested in 
its entirety,
     3.2 Such reinvestment shall occur at least annually,
     3.3 Where funds designated for reinvestment cannot be reinvested 
immediately, they shall be maintained in a separate reserve account of 
the club until they can be reinvested,
     3.4 Funds in the reserve account are considered part of the investment,
     3.5 The Committee shall have the power to move funds from the 
reserve account to another bank account so as to maximise the interest 
generated by those funds.

4 Access to the investment, including the reserve account, shall require 
the written approval of two members of the Executive.

5 The funds in this investment may only be accessed in accordance with 
the terms of this resolution, or a subsequent resolution passed in a 
General Meeting.

6 This resolution shall be revisited at the 2023 AGM.

*Motions End*

Thanks to all who turned out today to help us workshop these resolutions.
**

Cheers,

James Arcus
/UCC Vice President 2021/
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