Limited liability isn’t paddling as fast and hard as you can from the sound of banjos. It is more like a prenup for your professional association membership. It protects your personal assets from the organisation’s financial decisions, no matter how questionable those decisions may be. <\/p>\n\n\n\n
Under Australian law, companies limited by guarantee (like AMT) must specify what members would contribute if the Association winds up. Think of it as answering the question: “If AMT somehow racks up massive debts and has to close, how much could members be asked to chip in?”<\/p>\n\n\n\n
The answer? $1.00.<\/p>\n\n\n\n
The $1 amount is deliberately minimal: it satisfies legal requirements while ensuring members aren’t exposed to significant financial risk.<\/p>\n\n\n\n
No matter what financial catastrophe might theoretically befall AMT – whether we accidentally purchase a spacesuit as personal protective equipment<\/sup><\/sup><\/a>1<\/sup><\/a> or somehow acquire a timeshare in the Bahamas – your maximum liability is one dollar.<\/p>\n\n\n\n It’s a bit of a no-brainer. <\/p>\n\n\n\n AMT is hosting two discussion sessions via Zoom for members who have any questions about the proposed Constitutional changes. <\/p>\n\n\n\n Thursday 18 September @ 7.30pm Register here<\/a><\/p>\n\n\n\n Tuesday 30 September @ 12.30pm Register here<\/a><\/p>\n\n\n\n This is Episode 5 in our blockbuster blog bonanza “21 Resolutions in 21 Days”, exploring the cases for constitutional change that will be considered at the upcoming Special General Meeting on October 19. Each change is designed to strengthen AMT’s governance and better serve members.<\/em><\/p>\n\n\n\n Tomorrow:<\/strong> Plugging the holes in our governance Swiss cheese. <\/p>\n\n\n Pushing through the market square, so many mothers sighing I heard telephones, opera house, favorite melodiesAny questions?<\/h4>\n\n\n\n
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\nNews had just come over, we had five years left to cry in
\nNews guy wept and told us, earth was really dying
\nCried so much his face was wet, then I knew he was not lying<\/p>\n
\nI saw boys, toys, electric irons and TV’s
\nMy brain hurt like a warehouse, it had no room to spare
\nI had to cram so many things to store everything in there.<\/p>\n