AFA finds requests for EGM invalid

The AFA says more than 100 of the 230 forms it received could not be accepted for a range of reasons, pushing the number of valid forms below the 5 per cent threshold required to request an EGM.

Fifty of the forms were duplicates, 25 forms were provided by non-members of the AFA and 28 forms could not be verified as it incorrectly identified the member.

“The AFA has notified Mr Mark Dunsford who provided the forms calling for the EGM that less than 5 per cent of the voting members of the AFA are represented and, accordingly, the AFA cannot take his special resolution to change the AFA constitution to the membership as yet,” the association said in a statement.

“The AFA is telephoning 24 members where forms have been received in their name but the details provided are insufficient to identify whether the member completed the form.

“The AFA will help them complete the form if that was their intention.”

AFA national president Deborah Kent said the board appreciates the right of members to call an EGM within the confines of good governance under the Corporations Act and will facilitate a resolution if and when the requisite 5 per cent of voting members is reached.

Adrian Flores

Adrian Flores is a deputy editor at Momentum Media, focusing mainly on banking, wealth management and financial services. He has also written for Public Accountant, Accountants Daily and The CEO Magazine.

You can contact him on [email protected].