MINUTES KASPANZ ANNUAL GENERAL MEETING, AUGUST 29, 2017, 12.30PM HORTICULTURAL HALL, 990 GREAT NORTH ROAD, WESTERN SPRINGS, AUCKLAND
The chair welcomed everyone to the meeting.
Alec Waugh, Mark Leys, Eric Bowater, Adrienne Dodge, Valerie Calvert, Tony Hamilton, Ron & Margaret Garnett, Murray McElwain
Apologies received from: Michael Moynihan, Richard Waugh, and Dan Dolejs. Bill Davey
*The Chairman advised that Michael, Kaspanz webmaster had advised of his pending resignation due to a significant health issue
MATTERS OF BUSINESS
To receive and approve minutes of the previous Society meetings. The minutes of the 2016 Annual Meeting held on August 30, 2016, had been previously circulated. The meeting approved the minutes as a reasonable record of the proceedings. In response to a question the chairman confirmed Kaspanz had tax exempt status.
The Chairman’s Report on the Business of the Society. The previously circulated Chairman’s report was moved as received (Waugh/Leys). The Chairman spoke to the report, noting the rationale for Kaspanz existence, and its primary focus of being a consumer voice, informative, research based and seeking to influence retirement income issues. The regular refreshing of Website content was noted. Chairman further commented that the regular newsletters, which were distributed both to members and Parliamentary members and media commentators was well received. The good relationships with staff at the Auckland Business School e.g. Susan St John and Margaret Claire Dale was noted, and their recent coverage of Kaspanz in their newsletter was appreciated. A wide ranging discussion took place on Website management and possible options, and a similar discussion re Face book presence. The Chairman’s report was adopted
TO RECEIVE AND APPROVE THE FINANCES OF THE ASSOCIATION AND THE ANNUAL FINANCIAL STATEMENT* The Chairman reported that inward monies were a combination of subscription and donations. No outward expenditure had occurred, with Kaspanz costs since inception being carried principally by a number of the committee members. Discussion followed on future costs etc. The chairman in response to a question said costs were Website consumables, registration etc., printing costs, and attendance at seminar, conference registration fees, and the issue of subscriptions to date, had been more of gentle reminders, rather than a
formal follow up etc. A wide ranging discussion took place, with Adrienne to address some issues re membership list, and then to more formally follow up requests for membership renewals.
SELECT COMMITTEE MEMBERS. Committee members Alec Waugh, Mark Leys, Adrienne Dodge and Tony Hamilton were all appointed for a 2 year term. Michaels pending resignation was discussed and noted with regret, the meeting decided the status quo would apply until resignation formally actioned, and some issues re Website management resolved
TO SET SUBSCRIPTIONS BASED ON A RECOMMENDATION FROM THE COMMITTEE* A sub of $10 per family is currently in place. The meeting determined that the current subscription would remain. Discussion centred on subscription collection methods.
TO CONSIDER ANY MOTIONS RECEIVED
No motions had been received.
There were no specific items of general business. Discussion centred on possible opportunities for Kaspanz, the Chairman noting the Incorporated Society status and obligations, while at times onerous were also helpful in reminding parties Kaspanz was more than just a blog, but a consumer member organisation.
MINUTES KASPANZ ANNUAL GENERAL MEETING, AUGUST 30 2016, 12.45PM HORTICULTURAL HALL, 990 GREAT NORTH ROAD, WESTERN SPRINGS, AUCKLAND
The chair welcomed everyone to the meeting.
Alec Waugh, Mark Leys, Eric Bowater, Adrienne Dodge, Arthur Calvert, Valerie Calvert, Tauira Te Kapua
Apologies received from: Michael Moynihan Ivan Fay, Tony Hamilton, Richard Waugh, and Dan Dolejs
MATTERS OF BUSINESS
- To receive and approve minutes of the previous Society meetings. The minutes of the 2015 Annual Meeting held on August 25th 2014, had been previously circulated. The meeting approved the minutes as a reasonable record of the proceedings. The chairman advised that the word Kaspanz had been added to the Kiwi Bank system re Kaspanz, so members paying annual membership fees at the counter could easily have the organisation identified. He also advised that the requirements of the Companies office had all been met, and further after a long process, Kaspanz was now recognized by IRD as being of charitable status, and exempt from withdrawal tax. Mark Leys commended the chairman for his diligence and persistence in resolving this issue.
- The Chairman’s Report on the Business of the Society. The previously circulated Chairman’s report was moved as received (Waugh/Leys). The Chairman spoke to the report, noting the rationale for Kaspanz existence, and its primary focus of being informative and influencing on retirement income issues. The regular refreshing of Website content was noted. The chairman further commented that a review of the Website presentation was shortly to be underway. Favourable comment was made about the regular newsletters and the effort being made to increase visibility, by being seen at key events and making comment on key issues. The Chair noted his recent meeting with David Boyle of the Commission for Financial Capability and the good relationships with staff at the Auckland Business School e.g. Susan St John and Claire Dale
- To receive and approve the finances of the Society and the annual financial statement* The Chairman reported that with the resignation of Mr Ivan Fay, the post was currently vacant but a motion to address this issue was shortly to be put to the meeting. He advised the current status of the finances, and the fact there had been only one withdrawal in the past 12 months. It was noted that the costs of the organisation admin were currently being carried by the good will of committee members. Discussion followed on future costs etc., the chairman advising the family membership fee of $10 was primarily sought to be used for website costs and also registration fees for conference attendance. The motion that Adrianne Dodge be appointed to the committee and the post of Treasurer was put and carried.
- Select Committee members. The chair advised that no election was required as the current committee was elected through to 2017.
- To set subscriptions based on a recommendation from the Committee* A sub of $10 per family is currently in place. The meeting determined that the current subscription would remain. Discussion centred on subscription collection methods.
- To consider any Motions received
One motion to amend the rules had been received by the Secretary. Kaspanz Principles is adopted. The paper had been circulated and was discussed. The motion to approve the paper was put (Waugh/Bowwater) and carried
There were no specific items of general business.
Chairman’s Welcome – Alec Waugh welcomed 13 members
Apologies – Hugh Black, Richard Waugh
Matters of Business
- To receive and approve minutes of the previous Society meetings. *Note this is the first annual meeting of Kaspanz since its inception in February 2013. Minutes of Committee Meeting Tues June 25th circulated and noted.
- To receive and approve the Chairman’s Report on the Business of the Society( Chairman’s 2013 Annual Report ) – see below, circulated and approved.
- To receive and approve the finances of the Society and the annual financial statement – There is no income and expenditure statement, as all costs to date have been covered by the personal finances of Committee members
- To elect Committee members. As the committee was elected at the inaugural meeting, February 23, 2013 for 2 years, a declaration by the meeting approving of such appointments will be put to the meeting. Declared that Alec Waugh (chair), Ivan Fay (treasurer), Stephen Wealthall (secretary) and Mark Leys (committee member) be the committee.
- To set subscriptions based on a recommendation from the Committee – A sub of $10 per family will be recommended by the committee. Sub of $10 starting Financial Year 1 April 2014 proposed (Alec Waugh), seconded Stephen Wealthall. Carried unanimously.
- To consider any Motions received* Nil received
- General business – Discussion took place on the anomalies produced by NZ Super and other pensions when redundancy or early retirement disadvantaged one spouse. It was agreed that Kaspanz should incorporate action against such anomalies in its general policies but could not act as advocate for individual anomalies at present. Note was made of the ability of Kiwisaver Providers to change their original conditions without notifying contributors.
Chairman’s 2013 Annual Report
Kaspanz was incorporated formally on the 6 March 2013, our official name being Kiwi Saver, Annuities and Superannuation Protection Association New Zealand Incorporated. The Law states within 5 months of the Societies balance date an Annual meeting must be held. Our formative meeting was on Feb 23rd, 2013 whereby I was appointed Chairman, and various positions including the Committee were elected for a 2 year term.
The Kaspanz website, www.kaspanz.wordpress.com has been already a resounding success, refreshed on a regular basis, and with lots of evidence based papers and media commentator articles. It is meeting the requirement of a site with solid information on retirement income issues. The contribution of Stephen Wealthall to this effective Website result has been enormous, thanks Stephen!
Submissions have been made to the 2013 Financial Literacy and Retirement Commission, on retirement Income issues and every opportunity has been taken to attend retirement income seminars and conferences, and to project the voiced of Kaspanz into the media, through letters, print media etc. Kaspanz is off to a sound early start.
A number of foundation principles apply to retirement income considerations and are fundamental to Kaspanz, and are worthy of being repeated in my report
Kaspanz began from concerns that a lot of the debate on retirement income issues and costs is not neutral, is sometimes inaccurate or represents the view of employer groups or industry representatives, or self-styled media commentators, which can often camouflage or skews the assertions made by such groups or individuals.
Kaspanz is very wary of policy projections and cost assumptions based on 2050 or longer time frames. The accuracy and usefulness of such assumptions is very questionable?
Kaspanz supports evidence based research, and trends over reasonable time frames
Kaspanz is also concerned about political meddling. People want consistency, no U-turns and no surprises with retirement income policy, and Kaspanz supports across Parliament accords on issues like New Zealand superannuation.
Kaspanz strongly support the simplicity, model and universality of New Zealand Superannuation, the alternatives just don’t stack up. Kaspanz does not support means testing. Apart from the high administration costs involved, it brings into play attempts to camouflaging individual and couples incomes, raises the spectre of misleading trust and asset protection, and provides the impetus for “them and us” within societies collective public good .
Kaspanz strongly recommends any future intentions to alter New Zealand Superannuation, Kiwi Saver rules or pension entitlements, need to be clearly signalled well in advance, so people can consider, understand and absorb the implications, and modify savings patterns etc.
Kaspanz has also commented on the need to consider annuities as part of the Kiwi Saver package, the current lump sum received on retirement requires discussion and probably modification. The Australian Superannuation industry is very concerned at this lack in Australia, and New Zealand should learn from their experience.
Kaspanz core entity is to represent consumers, and we must remain vigilant in this endeavour. Consumers have many interests, so the task is challenging, but if we can keep evidence based research, equity and fairness to the forefront I think Kaspanz can make a significant contribution to Retirement Income debate and decision making.
Alec Waugh, Kaspanz Chairman August 2013
MINUTES OF THE INCORPORATION OF KIWISAVER, ANNUITIES AND SUPERANNUATION PROTECTION ASSOCIATION, NEW ZEALAND INC. 1PM 23 FEBRUARY 2013, AUCKLAND UNIVERSITY.
Meeting called to order at 1.07pm
Apologies Ruth McLay
Present 15 as per application for incorporation.
Alec Waugh explained to the meeting that the primary purpose for the meeting, was to incorporate the organisation, approve the rules, elect the first officials and committee members, and to sign the “Application to incorporate a society”
Alec explained to the meeting, the primary reason for the formation of Kaspanz and its stated purposes, pointing out Rule 3.1 and 3.2 of the draft rules
The meeting, following discussion, then passed the following motions, all moved by Mr Waugh and seconded by Mr Mark Leys
- This meeting resolves to Incorporate KiwiSaver, Annuities, and Superannuation Protection Association New Zealand Incorporated
- That KASPANZ be the abbreviated name for the Association
- The rules of KiwiSaver, Annuities and Superannuation Protection Association New Zealand Incorporated are adopted.
- That Alec Waugh is the first chairman, Stephen Wealthall is the first secretary and Ivan Fay is the first Treasurer
- That Mark Leys is appointed as a Committee member
All present signed the Application for Incorporation, witnessed by Mr Boyd Miller
The meeting closed at 1.40pm