The Association of Financial Advisers (AFA) has announced it has received the minimum number of member forms required to call an Extraordinary General Meeting and will put to members a resolution regarding opposition to the proposed Life Insurance Framework legislation.<\/p>\n
The Corporations Act requires the AFA to call an EGM if its receives a request to do so from 5% of its eligible voting members with this announcement following an earlier attempt to call a meeting which was unsuccessful due to the inclusion of a number of invalid meeting request forms.<\/p>\n
The AFA stated the resolution that will go to the meeting \u201cseeks to change the AFA Constitution in a manner that reduces the policymaking powers of the AFA Board. It is a special resolution under the Corporations Act and requires a 75% majority support in order to be successful.\u201d<\/p>\n
The date for the meeting was not announced with the AFA stating was required to advise members within 21 days of the date\u00a0of the meeting which must be held within two months, that is, by 30 October 2016.<\/p>\n
Note to Advisers:<\/strong><\/em><\/span><\/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<\/em>.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" The Association of Financial Advisers (AFA) has announced it has received the minimum number of member forms required to call an Extraordinary General Meeting and will put to members a resolution regarding opposition to the proposed Life Insurance Framework legislation.<\/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],"tags":[],"class_list":["post-34369","post","type-post","status-publish","format-standard","category-associations","category-breaking"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/34369","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=34369"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/34369\/revisions"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=34369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=34369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=34369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}