Corporate Member

This classification of membership is for the Corporation only and does not include any individual memberships of auctioneers and/or valuers

Corporate Members:

a)    Must be incorporated under the Corporations Law;

b)    Must have a Certified Practising Auctioneer or Valuer Member of the AVAA in their employ

c)     Must appoint a nominee in the form set out in Appendix 2 to this Constitution, , to act on the Company’s behalf at meetings and exercise the Corporate Member’s right to vote;.   The Nominee must be

1. a Certified Practising Auctioneer or Valuer Member of the AVAA, or
2. a person who is deeped acceptable to the AVAA Board;

d)    Must, if they conduct auctions and receive money on behalf of a person/business/company, maintain a trust account and must provide the Board with a certificate from a registered company auditor within the meaning of the Corporations Law to the satisfaction of the Board no more than once a year as required under Rule 11.5 hereof;

e)    Must, prior to carrying out auctions and/or valuations not act in such capacity until evidence of professional indemnity insurance has been submitted and approved by the Board.