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Kingscliff NSW News

Southern Cross Credit Union NOTICE OF 55TH ANNUAL GENERAL MEETING

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ANNUAL GENERAL MEETING SOUTHERN CROSS CREDIT UNION LIMITED

Southern Cross Credit Union

NOTICE OF 55TH ANNUAL GENERAL MEETING
The Annual General Meeting of Southern Cross Credit
Union Ltd will be held on 30th November 2021 at the
Credit Union’s Corporate Service Centre, Corner Pearl
and Turnock Streets Kingscliff commencing at 4pm. The
business of the meeting will be as follows:

AGENDA
1. Opening by Chairperson
2. Apologies
3. Confirmation of minutes of the last Annual General Meeting
4. Business arising from those minutes
5. Special Resolution to amend the Constitution for:
a. Mutual Capital Instruments
b. Director Eligibility
6. Chairman’s Report
7. Directors and Financial reports
8. Election of Directors
9. Remuneration of Directors
10. General Business
11. Close
By order of the Board of Directors
Brett Myles
Company Secretary
ITEM 5 CONSTITUTIONAL AMENDMENTS
To consider, and if thought fit, pass the following resolutions
as a special resolution: That the Credit Union’s Constitution
be amended with effect from the close of the Meeting as
described in the Explanatory Notes and set out in the markedup
copy of the Constitution signed by the Chair of the Meeting
for identification purposes and tabled at the Meeting.
Item 5 – Explanatory Note for the Constitutional Amendments
a. Mutual Capital Instruments
Mutual Capital Instruments (MCIs) represent a unique means of
acquiring capital for mutual entity members. By issuing MCIs as
a type of share, mutual entities can generate capital to raise their
funds to support various strategic initiates, whilst maintaining their
mutual status. MCIs are regulated by Part 2B of the Corporations
Act 2001 (Cth).
The Corporations Act provides a 3-year window during which the
mutual can make MCI amendments to their Constitution by special
resolution in general meeting, without triggering any Constitutional
procedures that would otherwise apply to this process.
For the credit union to be take advantage of the MCI capital raising
option contemplated by the Part 2B.8, Division 3 of the Corporations
Act, the eligible mutual entity must provide:
• that it intends to be a MCI mutual entity for the purposes of the
Corporations Act. Principles of Mutuality page 8 and (clause 2.1).
• that all MCIs it issues must be fully paid. (Clause 6.2.2)
• that dividends in respect of MCIs are non-cumulative
(Clause 6.2.3)
• a description of the rights attached to MCIs with respect to
participation in surplus assets and profits,(Clause 6.3.2) and
• that debts owed to a holder of a MCI by way of a divided are to
rank ahead of all other debts owed to members in a winding up
but rank below all other debts. (Clause 6.3.2)
b. Section 13.2 Eligibility to be a Director
Clause 13.2.1 (a) be amended to extend the eligible criteria to be
a Credit Union Director to include the requirement that the person
nominating to be a Director, has been a member continuously for
at least 3 months prior to the date of holding the election. This
requirement to be a Director does not apply to Board appointed
casual Directors appointed under Clause 13.4 (b).
A copy of the Constitution with the above proposed amendments
marked-up is available to members on request.
NOTICE OF 55TH ANNUAL GENERAL MEETING
SOUTHERN CROSS CREDIT UNION LIMITED – ABN 82 087 650 682

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Kingscliff NSW News

Tweed Hospital Update

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$723.3 million Tweed Valley Hospital at Cudgen

Tweed Hospital Update

Margaret Dekker
Work on the new, $723.3 million Tweed Valley Hospital at Cudgen on the outskirts of Kingscliff is fast taking shape, catching locals’ eyes with the size and scale of the new, state-of-the-art facility.

Work on the project is reportedly on track for completion in 2023 – at a date still to be announced – despite challenges from Covid-19.
The 430-bed hospital is expected to double the capacity of the current Tweed Hospital, offering a full range of health services, and allowing up to 5,000 patients annually across northern NSW to seek hospital treatment and care locally rather than needing to travel to the city or Queensland.

“The Tweed Valley Hospital will be a major referral hospital at the heart of the network of hospitals and health facilities across the Tweed-Byron region. This includes Murwillumbah District Hospital, Byron Central Hospital, community health facilities, and other out-of-hospital services,” the project descriptions states.

Hospital services will move from the existing Tweed Hospital in Tweed Heads to the new hospital on Cudgen Road, when it opens to patients next year

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Ballina News

EXPANDED SMALL BUSINESS RELIEF NOW AVAILABLE

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The Northern Rivers own newspaper

EXPANDED SMALL BUSINESS RELIEF NOW AVAILABLE

From today eligible sole traders, not-for-profit organisations and small businesses in NSW will be able to access up to $2,000 in relief to help them bounce back and get the economy firing again.

Treasurer Matt Kean said the increased and expanded grant would provide businesses with additional relief as part of the NSW COVID-19 Economic Recovery Strategy.

“From today, the Small Business Fees and Charges Rebate will increase from $1,500 to $2,000 and will now include road user tolls for business usage,” Mr Kean said.

“The rebate can be claimed against eligible NSW and local Government fees and charges that are required to run a business such as food authority licences, liquor licences, event fees and council rates.

“It’s been a tough year for sole traders and small operators and this is one more way the NSW Government is helping to keep businesses in business.”

Minister for Finance and Small Business Damien Tudehope said 70,000 businesses had already lodged a claim under the initial scheme, saving more than $82 million since it was launched on 1 April 2021.

“The expanded Small Business Fees and Charges Rebate will be available to small businesses across the State, from your local electrician paying for their trade licence to the café on the corner setting up outdoor seating,” Mr Tudehope said.

“The expansion to cover road tolls paid since 1 March 2021 will be especially helpful to those businesses who spend a lot of time in the car, truck or van.

“Toll relief of up to $2,000 will have a significant impact on the bottom line for a small business.”

Business owners can apply for the rebate by logging into their Business Profile via the MyService NSW Account.

Once approved, businesses will be provided with a $2,000 digital voucher in their Business Profile which applicants can draw down on to offset the cost of Government expenses.

Simply lodge your proof of payment and the money will be refunded back into your bank account.

Small businesses which have already registered for the previous $1,500 Small Business Rebate program will not be required to re-register. Those businesses will receive an automatic $500 top-up to the digital voucher. New applicants will receive one $2,000 digital voucher.

Applications for the rebate from new businesses will open today. These businesses can submit claims as soon as their application has been approved.

For more information on how to apply, visit nsw.gov.au.

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