General Overview

The Mortgage & Finance Association of Australia (MFAA) Constitution provides that the MFAA Board shall comprise five Directors elected by members eligible to vote and other Directors appointed by the MFAA Board, up to a maximum of ten Directors. This is subject to a number of requirements regarding the composition of the Board including (among other requirements) that:

  • the Board must include five Directors elected by Voting Members;
  • at least four of the Directors elected by members must be 'Eligible Brokers' (i.e.  a Full Member who is an individual operating as a loan writer; or the Nominated Representative of a Full Member which carries on a broking business) - unless there are insufficient nominations;
  • 'Eligible Brokers' must constitute the majority on the Board;
  • no more than two of the five Directors elected by the Voting Members may have their principal place of residence in the same state or territory of Australia at any one time; and
  • no more than one Director, whether a Director elected by the Voting Members or an Additional Director, can be associated with or represent the interests of any one organisation or organisational group.

A Director elected by members will be elected for a three-year term and the Board is structured so that some elected Directors must retire each year by rotation, and may be eligible for re-election. In accordance with the Constitution, Donna Beazley and Melissa Gielnik will be standing down and Rose De Rossi will retire and is eligible to stand for re-election.

Accordingly, the MFAA is calling for nominations for three Directors.

You are encouraged to either stand yourself or nominate another member to stand for election this year and ensure members are appropriately represented by a high quality, knowledgeable Board.

Nominations are now open and will close at 5.00 pm (AEDT) on Monday, 21 October 2019

If there are more candidates than vacant positions on the Board, an online election will be held commencing Tuesday, 29 October 2019.

Further information will be provided to Members at the time if an election is called.

Board Nomination / Elections 2019

Key Dates

Item Date
Call for nominations Tuesday, 1 October 2019
Nominations close Monday, 21 October 2019 at 5.00pm (AEDST)
Ballots open (if Election is called) Tuesday, 29 October 2019
Voting closes Thursday, 14 November 2019
Results announced Wednesday, 20 November 2019
Annual General Meeting Wednesday, 20 November 2019 at 5.30pm (AEDST)

 

Information for prospective candidates and Voting Members.

A guide has been designed to assist members to understand the process of an election of Directors to the Board of the MFAA.

MFAA Board Election Guide
Board Election Nomination Form
Board Candidate Information Form

 

Summary of eligibility for making nominations and to be a candidate for nomination

Who can make a nomination? Who can be nominated?

Any Full Member (or their Nominated Representative) or Life Member in good standing for at least five consecutive years up to the date of nomination (three nominators are required).

Any Full Member (or their Nominated Representative) or Life Member in good standing for at least five consecutive years up to the date of nomination.

NB: Not eligible if member subscription is 2 months in arrears as at 22 October 2019. The candidate must meet the requirements set out in the MFAA Board Director Skills Competency Matrix circulated with the Nomination Form.
  NB: Not eligible if member subscription is 2 months in arrears as at 22 October 2019.

 

Where the Full Member is a company or business, participation in meetings and proceedings of the Association is exercised by the 'Nominated Representative' appointed by the company/business as recorded in MFAA's Register of Members.

It is a requirement for nominations to be valid that the nominators complete, sign and return the following forms and material by 5.00 pm (AEDT), 21 October 2019 (Close of Nominations)