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Constitution

The following details the Aus DeFi Association constitution

  1. Name 

    1. The name of the Association is the Australian DeFi Association (hereafter referred to as the "Association"). 

  2. Definitions:

    1. "Members" refers to any individual or organisation that has been accepted as a member of the Association in accordance with the Constitution.

    2. "Committee" refers to the management committee of the Association, as elected in accordance with the Constitution.

    3. "Financial year" refers to the period of twelve months ending on 30 June of each year.

  3. Objectives

    1. The objectives of the Association are:

      1. To increase education and awareness of blockchain technology, specifically decentralised finance (DeFi) and web3-based projects in Australia.

      2. To empower the Australian community with the knowledge and tools to participate in the decentralised economy.

      3. To promote the adoption and growth of blockchain technology in Australia.

      4. To provide a grassroots approach to promoting blockchain technology compared to other industry-focused organisations in Australia.

      5. To foster web3 projects and start-ups in Australia.

      6. To engage with government and regulators to promote a supportive and innovative environment for the development and adoption of blockchain technology and decentralised finance in Australia.

  4. Powers

    1. The Association has the power to:

      1. Promote the objectives of the Association.

      2. Conduct research, produce publications, and hold conferences and events for the education and benefit of members and the community.

      3. Engage with governmen/regulators, associations and the media to promote the objectives of the Association.

      4. Form partnerships and collaborate with other organisations to further the objectives of the Association.

      5. Raise funds and apply them towards the objectives of the Association.

      6. Do all things incidental or conducive to the attainment of the objectives of the Association.

  5. Membership

    1. Membership of the Association is open to any person or organisation interested in the objectives of the Association.

    2. Membership may be subject to the payment of fees, as determined by the committee. The amount and structure of any fees shall be communicated to members.

    3. Members are entitled to participate in the activities of the Association, attend meetings, and receive notices and publications of the Association.

  6. Management

    1. The affairs of the Association are managed by a committee, elected from the membership of the Association.

    2. The committee shall consist of a President, Vice President, and a Secretary/Treasurer, and other committee members as deemed necessary by the members of the Association.

    3. The committee is elected for a term of two years and is accountable to the members of the Association.

    4. The committee is responsible for the management and administration of the Association, the organisation of events and activities, and the development and implementation of policies and strategies.

    5. Decisions of the committee shall be made by a majority vote (2 out of 3).

  7. Meetings

    1. The Association shall hold at least one annual general meeting (AGM) of its members.

    2. The AGM shall be held within three months of the end of the financial year and shall include the presentation of the financial statements, the election of the committee, and any other business deemed necessary by the members of the Association.

    3. Special meetings of the Association may be called by the committee or by a petition of at least 10% of the members of the Association.

    4. Notice of all meetings shall be given to members at least 14 days in advance.

  8. Finances

    1. The financial year of the Association shall be from 1 July to 30 June.

    2. The Association shall maintain proper accounting records and prepare annual financial statements.

    3. All funds of the Association shall be used for the furtherance of its objectives and no portion shall be distributed among members or the committee.

    4. The financial accounts of the Association shall be audited annually by an independent auditor appointed by the members of the Association.

  9. Quorum

    1. A quorum for meetings shall be at least 25% of the total number of members of the Association.

    2. If a quorum is not present, the meeting may be adjourned to a later date, to be determined by the committee.

  10. By-laws:

    1. The committee may make by-laws for the internal management of the Association, provided that they do not conflict with the Constitution.

    2. By-laws may be added, amended, or repealed by a majority vote of the committee. Notice of proposed by-laws shall be given to committee members at least 14 days in advance.

  11. Amendments

    1. This Constitution may be amended by a majority vote of members present at an AGM or special meeting called for that purpose.

    2. Notice of proposed amendments shall be given to members at least 14 days in advance of the meeting.

  12. Dissolution

    1. The Association may be dissolved by a resolution of at least 75% of the members present at a special meeting called for that purpose.

    2. In the event of dissolution, any remaining assets of the Association shall be distributed to a non-profit organisation with similar objectives as determined by the members of the Association.

  13. Interpretation

    1. In the event of any dispute or uncertainty in relation to this Constitution, the decision of the committee shall be final and binding.

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