Increase in BUMS Inc membership fees
A motion was passed at the Annual General Meeting on 17 September 2020 to increase the annual membership fee from $50 to $60 for the 2023-24 financial year. The motion was passed unanimously by the members present at the AGM. Four proxy votes were received – three were in favour of the motion and one was against.
The new fee will apply for the financial year from 1 July 2023 and will cover membership up to 30 June 2024. Remember you will be paying for the 12 months from 1 July 2023 so even if you pay in June 2023, the fee is still $60.
The membership fee for new members joining or lapsed members re-joining after 31 December 2023 will be $30.
More information about the increase was published on the website prior to the AGM. You can find it here.
The impact of inflation
The $50 annual membership fee has been unchanged since BUMS was incorporated in 2010. You may be interested to know that because of inflation (*), $50 in 2010 is worth $64.60 in 2022.
(*) using the “All Groups Consumer Price Index” published by the Australian Bureau of Statistics.
Increase in the fee for non-members at jams
A motion was passed at the AGM, to give the Management Committee authority to increase the fee for non-members to attend a jam from $5 to a figure not exceeding $10.
In setting the new fee we are juggling two competing priorities – we want to provide an incentive for non-members to join BUMS but at the same time we don’t want to discourage non-members from coming to our jams.
The Management Committee will announce its decision in the November newsletter. Note however, that the increase will only apply from jams held after 1 July 2023.
f you would like to see a copy of the minutes of the AGM, please ask the secretary at .