Member protections

Your money is protected by structure, by process and by the constitution.

Beneficiaries

Beneficiary nomination: Every member names a beneficiary when they join. If a member dies, their full contributions plus their share of returns are paid to their estate within 30 to 90 days.

Lock-in period: Every member commits for at least 12 months.
Annual withdrawal: From April 2027, each member may make one withdrawal per calendar year, with 30 days' written notice.
Emergency withdrawal: For proven medical, bereavement or legal emergencies, the Chairperson and Treasurer together can release up to 50% of a member's balance within 48 to 72 hours.
Proportional returns: Any profit or loss is shared in proportion to what each member has paid in.

Talk it through
Internal mediation between the members involved and the office-bearers.
Independent mediator
If that fails, an independent mediator is brought in.
Member vote
Legal action needs a 70% member vote.
Last resort
Legal action is used only when every other step has failed.

Monthly statements: Every member gets a checked financial statement within 7 days of each month-end.
Quarterly reviews: Investment performance is reviewed with members every quarter.
Six-monthly audit: The Auditor checks the books every six months, separately from the Treasurer.
Meeting minutes: The Secretary keeps minutes of every meeting and decision.