There has been a lot of speculation in regard to the QRCC being listed for sale. |
I contacted the agency as soon as I became aware the QRCC was being advertised,
no action eventuated, until the Mr Paul Nugent returned to Brisbane and, up until this time,
he was totally unaware that his salesman had attempted to market the QRCC and other properties
in Lotus Street without consent of the owners.
I would like to draw your attention to our rules and regulations of the QRCC as listed below.
1. DISTRIBUTION OF SURPLUS TO ANOTHER ENTITY
This section applies if the Centre is wound-up under part ten (10) of the Act and there are surplus assets.
The surplus assets must not be distributed among the members but must be given to another entity that has:-
o Objectives similar to the Centre’s objectives and
o The rules of which prohibit the distribution of the entity’s income and assets to its members.
In case of liquidation (i.e. Centre is wound up) all surplus assets, real and personal, whatsoever and wheresoever situated, of QRCC shall be transferred by the Liquidation General Meeting at which:-
1)at least 80% of the remaining financial members MUST be present and
2)the motion in favour of this transfer MUST be at least 70% of the votes cast to the Russian Benevolent Association for Homes for the Aged in Brisbane ABN 71 212 143 177 (18 Balham Road, ROCKLEA QLD 4106) or other similar organisation.
In this section:- “surplus assets” has the meaning given by section ninety two (92) of The Act
Reed the Letter of apology from attached.
Wayne Tilly - President of QRCC