The Association of Financial Advisers has confirmed receipt of a request for an Extraordinary General Meeting but has stated it will need to verify the 225 forms submitted with the request before moving to call a meeting.<\/p>\n
The verification is a requirement under the Corporations Act and the Association\u2019s constitution, which stated that preliminary checking has found a \u2018substantial number\u2019 of duplicate forms have been submitted by the same persons, some forms have been submitted by non-members and some forms are incomplete.<\/p>\n
\u201cIt will take the AFA some time to correctly verify those forms that are incomplete or appear not to be from members.\u00a0 It is therefore not readily apparent that the statutory limit has been reached,\u201d the AFA said in a statement.<\/p>\n
\u201cThe notice calls for members to vote on a special resolution that seeks to change the AFA\u2019s Constitution in a manner that restricts the member elected Board from deciding policy positions in relation to life insurance for a period of three years,\u201d the AFA said.<\/p>\n
The request for an EGM was made by AFA member, Now Financial Group Director and Life Insurance Customer Group (LICG) founding member, Mark Dunsford<\/strong> who lodged the request late last week after claiming he had \u2018overwhelming support\u2019 for the move. (See:\u00a0Formal Request For EGM Lodged With AFA<\/a>)<\/p>\n Note to Advisers:<\/span><\/em><\/strong><\/p>\n We welcome your comments and in the interest of fairness, request that you properly identify yourself either in your post ID or at the end of each comment\u2026<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":" The Association of Financial Advisers has confirmed receipt of a request for an Extraordinary General Meeting but has stated it will need to verify the 225 forms submitted with the request before moving to call a meeting.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[282,259,8,270],"tags":[],"class_list":["post-34253","post","type-post","status-publish","format-standard","category-associations","category-breaking","category-compliance-regulation","category-remuneration"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/34253","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=34253"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/34253\/revisions"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=34253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=34253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=34253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}