18. REMUNERATION
18.1 The Directors will not be remunerated. [amended 14/8/2026]
18.2 The Company may pay the expenses by the Directors in connection with the Company’s business, provided that those expenses are properly and reasonably incurred, but not for expenses in relation to attending Board meetings, General Meetings, Member Council meetings, or any meetings of committees of the Board. [amended 14/8/2026]
18.3 The Board must report to the Annual General Meeting in respect of the relevant financial year:
(a) remuneration paid to each Director and the composition of any such payments;
(b) the number of meetings attended by each Director;
(c) the number of meetings each Director was entitled to attend; and
(d) the reimbursement to each Director for expenses incurred and the composition of those expenses.
