Memorandum to Members From QIA Board

At a meeting of the Board of Directors (Paul Hogan, Robert Ward, John Fraser, Donna O’Donoghue, Garry Burke and Mark Plunkett) on 29 January, 2015 it was resolved as follows:

1. IT WAS RESOLVED that, in the opinion of the Directors, the company is insolvent or is likely to become insolvent at some future time. (Abstention R Ward)

2. IT WAS FURTHER RESOLVED that the company appoint David Lewis Clout as Administrator pursuant to Section 436A of the Corporations Act 2001. (Unanimous)

IT WAS RESOLVED that the company execute a Notice of Appointment of Administrator in accordance with Section 127 of the Corporations Act 2001. (Unanimous)


Since the election of the new QIA Board on 29 November 2014, the Board has been attempting to monitor the financial position of the Queensland Irish Association.
The Board has encountered difficulties in becoming fully seized of the extent of the financial circumstances of the company.
The Board of Directors met on Thursday 29 January 2015. The Board had received legal advice in relation to the financial situation.
Respected Insolvency Practitioner Mr David Clout CA attended the meeting to explain the process of Voluntary Administration and was questioned by the Board about its full implications.
Mindful of their duties, responsibilities and obligations under the Corporations Law, the Board resolved that the QIA was, or was likely in the future, to be insolvent and resolved to appoint a voluntary administrator.

The Board of Directors subsequently resolved to appoint Mr David Clout, Chartered Accountant, as Voluntary Administrator.
He will be responsible for the operations of QIA and over-seeing a review of the complete financial position of the company and its activities.
He will also be responsible for reviewing the plan for the profitable activities and financial security of the company into the future.
The Board will be working co-operatively with the Administrator within this process, in order to secure the best financial future of QIA.
The facilities at Tara House are expected to be available to members and guests from Monday 2 February 2015.
All scheduled events including the St Brigid’s Dinner and the St Patrick’s Eve Dinner will continue as planned.
The Board looks forward to your continued support and patronage during this difficult period.

Paul Hogan
Company Secretary