I assume your question relates to the earlier discussion about periodic MBF contributions rather than a single annual payment?
At this stage, the status quo remains. Contributions are payable annually. That said, if you can make a case for quarterly contributions based on your circumstances... whatever they may be, the MBF will consider it.
I can report that in the latest renewal period, there has been a significant increase in the number of members who are accessing this option and it'd be safe to say that the burden of evidence is neither arduous nor especially high.
If you don't ask... you don't get.
The MBF is aware that this issue is an important one with the membership... in some part because I bang on about it nearly every month! The technology is there and there really is no reason why we cant look at rolling out quarterly or monthly payments as a matter of course.
Everything at MBF moves very slowly. Being conservative has protected your Fund through a pretty difficult time and I think as of recently, your MBF held a position of some $102 million AUD.
Please be patient with us... regular payments is one of a number of proposed ideas that we hope to put to you all soon.
FYI... AGMs for both the AAPMBF and the AFAP will be held at Kingscliff NSW on 7th - 9th October. Members and visitors are welcome and it'd sure be nice change to hear a few more rotary war stories over an ale or two... with all due respect to our plank driving colleagues.
Any other ideas you may have for the future of the Fund would be gratefully received... except advice to buy adult entertainment venues... we've had that advice one too many times already