Missing insurance

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  • 07/07/2011 at 8:27 pm #7491 Reply | Quote
    Billen Ben
    Flatchatter

      The AGM notice from my OC includes a motion to “renew the insurances required under s88(2) as listed in the attached table”….

      Section 88(2) actually refers to office bearers insurance and the referred to table lists 3 of the 4 required insurances.

      Every year the AGM agenda has a motion to approve the required insurances. The table does not contain the renewal of a worker comp policy as required by s87 1(a). I can find mention of such a policy last year either.

      The Act requires information on the current policies to be included with the AGM agenda and the Act requires a motion for optional insurances (s88(2)).

      There is no specific requirement to have a motion to approve required insurances. It seems to be a management role of the OC to keep these insurances current and no motion is required.

      Am i correct in believing the AGM agenda does not need a motion to approve the required insurances because the insurances are required and am i correct in believing the new EC should immediately seek a workers comp policy as it appears we do not have one, i.e. that matter does not need an EGM.

      Cool

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    Reply To: Missing insurance
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