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2020 Annual General Meeting

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Published on 23 October 2020

Due to the ongoing Covid-19 pandemic this year’s Annual General Meeting will be held virtually via an online meeting platform on Wednesday, 25 November 2020 at 3:00pm and we will not be holding a physical meeting. Please also note that we are not required to send hard copies of the Notice of Annual General Meeting to members this year.

The AGM this year will consider the following:

  1. To confirm the minutes of the Annual General Meeting held on 27 November 2019.
  2. To receive for the financial year ended 30 June 2020 the Directors’ Report, Financial Statements and the Auditor’s Report.
  3. To consider and if thought fit, to pass the following resolutions relating to director appointments:
    a) That Mick Doleman be re-appointed as a director until the end of the 2023 AGM.
    b) That Garry Keane be re-appointed as a director until the end of the 2023 AGM.
  4. To consider and, if thought fit, to pass the following resolution as a special resolution to amend the Constitution:
    That the Bank’s Constitution be amended to allow for the issue of mutual capital instruments (MCIs) by making the amendments marked-up in the copy of the Constitution which is tabled at the Meeting and signed by the Chair of the Meeting for the purposes of identification.

Mutual Capital Instruments at a glance

  • Federal Parliament enacted new legislation earlier this year that formally recognises mutual organisations and allows Mutuals to be able to raise funds by issuing a financial instrument called a Mutual Capital Instrument (MCI). 
  • In the past mutual organisations have had very limited options to raise funds which has restricted growth in our sector. 
  • In order for Unity Bank to utilise this new legislation we are required to amend our Constitution. Constitution proposed mark up
  • Unity Bank is in a sound financial position and we have no intention of issuing MCIs at present however these proposed changes mean that we will have this available as an option in the future which is a prudent business strategy.
  • By voting in favour of MCIs at this year’s Annual General Meeting (AGM) you will help us to safeguard our mutual for the future. 

Your Board unanimously approves this proposal and recommends that you vote FOR this special resolution.

Your vote is important

As a member of Unity Bank you are entitled to vote at the AGM. You can either vote by lodging a Proxy Form or, if you register to attend the virtual AGM, electronically on Wednesday 25 November 2020. We strongly encourage all members to vote by proxy prior to the meeting. Proxy forms should be lodged by 3:00 pm (AEST) on Monday, 23 November 2020 to returningofficer@unitybank.com.au.

Members who wish to attend and participate in the virtual Meeting can do so via the online meeting platform, where you will be able to watch, listen and vote online. Details on how to access the virtual Meeting are provided in the Notice. Members can also submit, and are encouraged to submit, any questions in advance of the Meeting by emailing questions to returningofficer@unitybank.com.au by no later than 3pm (AEST) on Monday, 23 November 2020.

Thank you for your understanding and we look forward to your involvement in this year’s Annual General Meeting.

If you need assistance in lodging your Proxy Form or registering for the virtual meeting please contact your local branch or phone the Call Centre on 1300 36 2000.

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