ACCA held its 44^th Annual General Meeting (AGM) on Sunday 9^th December 2018 at the Parramatta RSL Club.  The meeting was attended by 182 members and guests. There were catwalk, dancing and singing performances before the commencement of the AGM to entertain the members. Eco friendly jute shopping bags emblazoned with ACCA’s name and logo were distributed to members who attended.

The quorum at the commencement of the AGM at 12pm was recorded as 158 (voting members and proxies).

President Shirley Chan presented her report for the year 2017-18. Ms Chan mentioned that ACCA has made significant progress in providing services to the community and has also achieved tremendous growth in its core business during the last financial year. She also highlighted the key achievements of ACCA during her two and a half years as President.

Ms Chan advised that she was stepping down as President of ACCA immediately after the AGM as she felt it was the right time for her to pass on the leadership baton to a new President to continue ACCA’s excellent service. She will remain a director of ACCA after stepping down as President. The incoming President Mr Eric Wu was introduced to the meeting.

Ms Chan thanked the Councillors, Directors, staff and members for their efforts in ACCA’s continued success.

Thereafter, Treasurer Mr Tim Feng presented his report for the financial year ended 30 June 2018. Mr Feng reported that ACCA had achieved an impressive surplus of $492,146 compared to a surplus of $143,731 in the previous year. The consolidated revenue for the year 2017-18 was $4,904,700 which was an increase of more than 42% over the previous year. He said that ACCA’s strong financial result is due principally to the hard work and increased efficiency and productivity of management and staff.

Director Felix Lam then gave an explanation on the proposed amendments to the ACCA Constitution. Mr Lam advised the members that the objectives of the amendments were to streamline the organisation’s efficiency and accountability, with particular emphasis on strengthening corporate governance and ensuring that directors discharge their duties in accordance with a list of key performance indicators (KPI’s). The resolution to amend the constitution was unanimously approved by the members.

The final quorum for the AGM was 196 (voting members and proxies) when the AGM was declared closed by President Shirley Chan at 1.00 pm.