GWAMCO Charges to Members
Cost (Inc GST)
GST applicable to all charges except membership fee.
[1 C class share = 1 megalitre of water entitlement or 1000 Kilolitres]
John has 10 GWC C Class shares.
John will pay $408.00/annum +GST in QARCL (billed quarterly at $102/quarter) [10 x $40.80/share=$408.00]
All charges are payable within 28 days from date of invoice.
Currently no Concessions apply to members of the Co-operative.
A Class shares are for membership to the Co-operative. Every new member is now required to buy and is issued a minimum of 500 shares. Memberships prior to the new rules have been transferred across at the rates held prior to the change of rules. Membership entitles those eligible to vote, a vote at the Annual General Meeting – only one vote per membership.
If you have misplaced your share certificates please come into the office at 50 Boundary road to request a duplicate. You will need to sign a Statutory Declaration which will enable a ‘duplicate’ share certificate to be created. The administration staff can assist you to complete this form but you will need to obtain the appropriately qualified person to witness your signing of the declaration.
Lessees are NOT entitled to copies of share certificates. If lessees are to receive statements/invoices direct the owner of the property must complete a form to authorise this. Ultimately the owner(s) are responsible for payment of all co-operative accounts if the lessee defaults.