Internet Society of Australia
A Chapter of the Internet Society
ABN 36 076 406 801Minutes of Directors' Meeting, 19 December 2007
The meeting commenced at 5:45 pm AEDST on 19 December 2007 and took place by way of teleconference in accordance with the Articles of Association of the Society. 1. Welcome 1.1 Attendance: Paul Brooks, Tony Hill, Kevin Karp, Ross Kelso, Cheryl Langdon-Orr, Jerry Leeson, Holly Raiche 1.2 Apologies: Greg Adamson, Gunela Astbrink, Narelle Clark, Andrew McRae, Gerry White 1.3 Absent: 2. Reports (5 min) 2.1 Treasurer's Report Treasurer's report accepted Moved: CLO, Seconded: RK, passed unanimously, abstention: PB (PB noted that technical difficulties with his systems had prevented him from receiving the material for the meeting) 3. Any Other Business (10 min) 3.1 Solvency Motion 3.1.1 It was reported on the requirement for the directors of the Company to pass a solvency resolution under section 347A(1) of the Corporations Act 2001 within 2 months of the Company's review date of 15 November 2007. 3.1.2 Motion: "that, in the opinion of the Directors of the Company, there are reasonable grounds to believe that the Company will be able to pay its debts as and when they become due and payable." Moved: CLO, Seconded: RK, passed unanimously, abstention: PB (PB noted that technical difficulties with his systems had prevented him from receiving the material for the meeting) 3.2 Representation Letter for Auditor 3.2.1 Motion: "that, the Hon Treasurer and one other director be authorised to sign a financial representations letter to the auditor the wording of which will consist of the following: .. December 2007 Chris Booker FCA Chartered Accountant PO Box 8124 Cleveland Qld 4163 Dear Mr Booker, The following representations, made to the best of our knowledge and belief, apply specifically to the financial statements of the Internet Society of Australia for the year ended 30 June 2007 which will be submitted to the members at the AGM. General There have been no events or transactions up to 30 June 2007 other than those reflected or fully disclosed in the books of account which have or may have a material effect on the financial statements at that date, or which should be included in the books of account. There are no known unrecorded assets at 30 June 2007 not included or reflected in the financial statements at that date. There are no assets mortgaged or otherwise encumbered. The directors believe that the company will be able to meet its debts as and when they fall due over the next twelve months Minutes The minutes of members' and directors' meetings made available to you via the website are complete and authentic records of all meetings since 1 July 2006. Contingent and Other Possible Liabilities In our opinion, all known material liabilities have been included in the financial statements. The entity has no material contingent liabilities arising from litigation, potential claims or other matters other than those disclosed in the financial statements. There are no contracts for capital expenditure at 30 June 2007 not reflected in the financial statements at that date. Post Balance Date Events There have been no events or transactions since 30 June 2007 which have, or may have, a material effect on the financial position or the results of operations disclosed by the financial statements at 30 June 2007. Signed in accordance with a board resolution: __________________________ __________________________ " Moved: CLO, Seconded: KK, passed unanimously 4. Next Meeting The meeting closed at 6:30pm. Tele-conference to be held at EGM on 16th January, 2008. 13. Confirmation Signed as a correct and complete record of the above meeting. Tony Hill, President, ISOC-AU