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<p>Hi there,</p>
<p>Could you please add the following motions to the agenda for the
Annual General Meeting under general business:</p>
<p><b>Motion 1:</b></p>
<p>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.<br>
<br>
The University Computer Club Inc. hereby resolves to set aside the
previous investment resolution^[1].<br>
<br>
[1]:
<a class="moz-txt-link-freetext" href="https://www.ucc.asn.au/infobase/minutes/2016/AGM2016_resolution.txt">https://www.ucc.asn.au/infobase/minutes/2016/AGM2016_resolution.txt</a>
"Investment policy 2016"</p>
<p><b>Motion 2:</b></p>
<p>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.<br>
<br>
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:<br>
<br>
1 The initial sum shall be invested in an exchange traded fund or
funds (ETFs) where each ETF satisfies the following criteria:<br>
1.1 The ETF shall be traded on the Australian Stock Exchange
(ASX),<br>
1.2 The ETF must target at least 25% Australian assets,<br>
1.3 The management fees shall be under 0.5% per annum,<br>
1.4 The fund issuer shall have been operating for at least 10
years,<br>
1.5 The fund itself shall have existed for at least 3 years,<br>
1.6 The minimum fund size shall be one hundred million
Australian dollars,<br>
1.7 The dividend payment interval shall be no longer than
quarterly.<br>
<br>
2 The funds shall be invested in broad exposure ETFs, such that:<br>
2.1 The target value split shall be 50% medium-risk or lower
ETFs,<br>
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,<br>
2.3 The minimum value split shall be 30% medium-risk or lower
ETFs,<br>
2.4 The Committee should take reasonable steps to maintain the
value split within the specified range.<br>
<br>
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:<br>
3.1 Should the dividend be insufficient, it shall be
reinvested in its entirety,<br>
3.2 Such reinvestment shall occur at least annually,<br>
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,<br>
3.4 Funds in the reserve account are considered part of the
investment,<br>
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.<br>
<br>
4 Access to the investment, including the reserve account, shall
require the written approval of two members of the Executive.<br>
<br>
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.<br>
<br>
6 This resolution shall be revisited at the 2023 AGM.</p>
<p><b>Motions End</b></p>
<p>Thanks to all who turned out today to help us workshop these
resolutions.<br>
<b></b></p>
<p>Cheers,</p>
<p>James Arcus<br>
<i>UCC Vice President 2021</i><br>
</p>
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