AEU Victoria branch rules allow for funding to be provided to AEU sub-branches, regions and clusters.
Structural funding allows you to host an event for new or current members, or support other union-related activities.
Funds provided by the AEU to sub-branch regions or clusters are directly deposited in a bank, credit union or other financial institution. No funds will be provided to individual members.
All cheques or other instruments used to withdraw funds must be signed by two signatories on the account. Debit cards are encouraged as a modern form of business practice, as cheques are not always accepted as payment.
Branch Council sets policy on funding for sub-branches at its first meeting each year.
The current amount is $4.00 per equivalent full-time member‚ based on sub-branch, region or cluster membership at the date the application is received. Any application received after the end of Term 2 is subject to a 50% reduction.
Reps must complete and sign the application form in order to conform to audit requirements. No funds can be forwarded unless the form is completed.
The AEU pays funding via EFT direct credit to nominated bank accounts‚ so it is important the bank details section is completed.
Advice on keeping accounts
Keep it simple. Most transactions will be straightforward. A basic cash book to record the opening bank balance and progressive income and expenditure is all that needs to be maintained.
Keep all bank statements and receipts, and reconcile the account monthly.
Remember – the union auditor may call in the books for inspection, so receipts must be kept for two years.
The AEU Victorian Branch financial year runs from January 1–December 31.
Cash management and banking
To avoid confusion, any account run by a union sub-branch, cluster or region must reference the AEU and structure in its name.
- Chaffey S.C. AEU Victorian Sub-branch
- Yarra Valley AEU Victorian Region
- Goldfield AEU Victorian Cluster
- Box Hill IOT AEU Victorian Sub-branch.
Bank fees may cause your funds to diminish steadily. Your sub-branch should consider suitable means of funds maintenance, such as credit unions.
Applying for funding
Please make sure that:
- The financial statement is completed.
- The statement is signed by two financial members of the sub-branch, region or cluster
- You have named the bank account and account number into which you wish the money to be deposited.
- You provide an email address for receipt of payment from the AEU.
Funding details for 2018
That sub-branches be funded to the extent of $4.00 per equivalent full paying member upon receipt by head office of an appropriate financial statement. However‚ no funds shall be forwarded where the accumulated funds held by a sub-branch exceeds $20 per equivalent full paying member. Where those accumulated funds are between $15 and $20 per equivalent full paying member‚ only 50% of the full entitlement shall be remitted.
That regions be funded to the extent of $4.00 per equivalent full paying member upon receipt of a suitably audited financial statement. Except that any such entitlement shall be discounted:
- by 90% of funds held at the date of application
- by any entitlement claim from any cluster attached to the region.
That clusters shall be funded to the extent of $4.00 per equivalent full paying member. Such funding to be deducted from the appropriate regional entitlement. However‚ no funds shall be forwarded where the accumulated funds held by a cluster exceeds $20 per equivalent full paying member. Where those accumulated funds are between $15 and $20 per equivalent full paying member‚ only 50% of the full entitlement shall be remitted.
Applications received after the end of Term 2 will be subject to a 50% discount of entitlement. In exceptional circumstances the Branch Secretary may waive this provision.
Expenditure of funds
Sub-branch‚ regional and cluster funds must be spent in accordance with minuted decisions of the relevant structure. Funds should be used for administration costs‚ AEU Victorian Branch campaigns and membership education programs. No union funds shall be spent by structures in AEU Victorian Branch election campaigns for any campaigning expenses, including postage‚ stamps‚ paper‚ envelopes‚ faxes‚ printing and photocopying.