desert posted, incorrectly:**********************"Martu will be...

desert posted, incorrectly:

**********************

"Martu will be drip fed benefits like a welfare system.

They cannot receive money under their rules

3.3 In carrying out its objects, the Corporation shall ensure no portion of its funds or property are paid or applied directly or indirectly by way of dividends, bonus or otherwise howsoever by way of profit to any Member, except for the payment in good faith of reasonable and proper remuneration to any Member, officer, servant, agent or employees of the Corporation, for, or in return for, services actually rendered to the Corporation.

The everyday Martu wont receive a cent.

Rule book registered by the Delegate of the Registrar on 18 June 2009

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Desert does not even understand the Corporations (Aboriginal and Torres Strait Islander)Act 2006

A "member" is not a shareholder or beneficiary [SECT 6.15]

A "member" performs a similar role to a director, corporation secretary and contact person of corporation [SECT 42.10]

http://www.austlii.edu.au/au/legis/cth/num_act/catsia2006510/s42.10.html

standard clauses about "members" in rule books are as follows:

3.3 Members’ rights
A member:

can attend, speak and vote at general meetings

can be made a director

can put forward resolutions at general meetings

can ask the directors to call a general meeting

can look at the books and records of the corporation (if the directors have authorised
them to do this, or if the members have passed a resolution which lets them do this).

http://www.gugan-gulwan.com.au/download/gg_rule_book.pdf