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The Australian Securities and Investment Commission has approved AITPM’s application for registration as a company effective from 2 May 2018. The Certificate of Registration can be viewed below.
The Institute is now formally referred to as the Australian Institute of Traffic Planning and Management Ltd and the Constitution approved by unanimous vote by members at last years’ AGM takes immediate effect.
In accordance with the Constitution, the office bearers of the AITPM National Council have transitioned into the Board of Directors with the National President and National Vice President retaining their titles.
Notification of the approval is very timely as the Institute approaches the call for nominations for elected Directors to the Board and the Annual General Meeting in July in Perth. The new board will elect a new President for 2018-19 following the AGM.
This approval by ASIC completes a process which commenced nearly two years ago. In that time National Council had been preparing itself for the transition to a Board of Directors including the establishment of key committees and receiving governance training.
There will be no change to the services provided to members other than improved efficiencies in delivery.
The Board of Directors welcomes this significant event and again acknowledges the contributions and commitment of those members who established the Institute over 50 years ago and provided the basis for what the Institute is today.