Logan Community Financial Services : Minutes of the Annual General Meeting

Logan Community Financial Service Ltd

Minutes of the Annual General Meeting

	Date		22 November 2021			Chair		Jason Luckhardt
			54 Bryants Rd, Shailer				Brett Raguse, David Ekert, Robert Herriott, Elvio
	Location			Directors in Attendance		DiZane, Lachlan Stewart, Leanne Taylor & Kate
		Park & Zoom
							Wakeling
	Meeting		6.03pm			Apologies		Nil
	Open
					Chair welcomes all Directors & Shareholders - 11 shareholders present as per
					attendance register
	Item 1		Welcome		Chair also welcomes & introduces Senior Branch Manager, Trudy Hill & Branch
		Members &		Managers Joanne Duong & via Zoom David Poole
			Guests		Welcome also to Josh Griffin from AFS & Associates representing the Company's
					Auditor also via Zoom
					The Chair introduces Directors:
					•		Robert Herriott
					• David Ekert also the company Treasurer
	Item 2		Introduce		•		Lachlan Stewart
			•		Elvio DiZane
		Directors
				• Brett Raguse also Company Secretary
					•		Leanne Taylor &
					• Kate Wakeling attending via Zoom
	Item 2		Quorum		Chair confirms that there is a quorum present and declares the meeting open for
			business at 6.03pm
	Item 4		Notice of the		The Chair states that the Notice of Annual General Meeting was sent in the mail & via
		Meeting		email. It was agreed that the notice could be taken as read
					The minutes of the previous general meeting of members of
	Item 5		Acceptance of		Logan Community Financial Services Limited held on 9 November 20209, were
		Previous		approved by the board and signed by the Chairman Mr Jason Luckhardt in accordance
			Minutes		with the provisions of section 251A of the Corporations Act. All present are in favour
					of acceptance of the previous minutes
	Item 6		Proxy Votes		Mr Brett Raguse, Company Secretary, reports that the number of valid proxy forms
			received at the business office of the Company by 5pm on 18 November 2021 was 12
	Item 7		Chair's Address		The Chair speaks briefly to the Shareholders present

				The first item of business is the consideration of the Company's Financial Report for
				the year ended 30 June 2021, the Director's Report and the Auditor's Report. The
	Item 8		Annual Report	Chairman asks if any questions had been put to the Auditor in writing. The Auditor
		advised that there were no written questions received.
				The subject of the Company's Annual Financial Report is open for discussion.
				Shareholder Stephen Browns ask about the decrease in Administration & General
				Expenses - Chair Jason Luckhardt commented that due to the significant impact on
				margin in these more difficult times the management have maintained a prudent
			Question:	control, where possible, in the area of expenditure
				There were no questions regarding the management of the Company, the conduct of
				the audit or the preparation and content of the auditor's report.
				CHAIR: As the next item of business relates to my own re-election, I pass the chair to
				Company Secretary & Director, Brett Raguse
				Company Secretary: The first resolution concerns the re-election of Jason Luckhardt,
				Jason a Director retiring from office in accordance with the company's Constitution and
				being eligible, offers himself for re- election.
				I now put the motion to the meeting
				All those in favour please raise their hand	All present Shareholders
				All those against please raise their hand	Nil
				I declare the resolution carried
				Company Secretary: I now invite Jason to resume the chair
			Re- Election of	CHAIR: The second resolution concerns the re-election of Brett Raguse, Brett a Director
	Item 9		Directors	retiring from office in accordance with the company's Constitution and being eligible,
		Retiring by	offers himself for re- election
			Rotation
				I now put the motion to the meeting
				All those in favour please raise their hand	All present Shareholders
				All those against please raise their hand	Nil
				I declare the resolution carried
				CHAIR: The third resolution concerns the re-election of David Ekert, David a Director
				retiring from office in accordance with the company's Constitution and being eligible,
				offers himself for re- election
				I now put the motion to the meeting
				All those in favour please raise their hand	All present Shareholders
				All those against please raise their hand	Nil
				I declare the resolution carried

				The final item of business is the adoption of the Remuneration Report. The
				Corporations Act requires a resolution that the Remuneration Report contained in the
				Company's annual report be adopted, be put to a vote. The resolution is advisory only
				and does not bind the directors of the Company.
	Item 10		Remuneration	I now put the motion to the meeting
		Report
			All those in favour please raise their hand	Lola Whitelaw
					Stephen Brown &
					David & Sharon Poole
				All those against please raise their hand	Nil
				I declare the resolution carried
	Item 11		Close of	CHAIR: That concludes the business of the meeting.
		I now close this meeting and thank you for your attendance
		Meeting
			Meeting Close 6.16pm

Minutes submitted by: Brett Raguse, Company Secretary

B Raguse

Approved by: Jason Luckhardt, Chairman