At the Board of Directors meeting held on 16 November 2011 it was resolved:

1. Due to delays with Parliament passing the de-amalgamation legislation, and so to ensure TBCC Ltd receives the benefits of this legislation, the date of de-amalgamation of MIBC Ltd. has been deferred until 23 December 2011.
2. Chairman Gerry Hammond will chair the General Meeting of the Tura members of MIBC Ltd. scheduled for 27 November 2011 at Club Sapphire Tura. This meeting is an additional requirement of the new de-amalgamation legislation and will be held immediately following the conclusion of the first general meeting of the new TBCC Ltd. scheduled for 10.00am on the same day. A positive vote for the resolution being proposed at this meeting is required for TBCC Ltd. to be eligible for the beneficial provisions of the de-amalgamation legislation.
3. Approve a members' requisition nominating Raymond Leslie Caterson for Life Membership of MIBC Ltd, be included on the agenda for the AGM scheduled for 22 January 2012.
4. Approve ClubGRANTS (formally known as CDSE) Category Two donations and sponsorships for Sapphire Water Dragons, Typhoons Softball Team, Pambula Community Swimming Club, Eden Amateur Fishing Club, and complimentary room hire for 21 not-for-profit community organisations.
5. Approve capital expenditure for the Merimbula venue including:
   1. Covering of the existing walkways from rear and side of Club to undercover car parks (approx $110,000).
   2. Second Hand Forklift (approx $16,000)
   3. Sapphire Room and Auditorium additional furniture (approx $10,000)
   4. Pizza Oven (approx $4,000)
   5. Self Propelled Banks Mower (approx $1,500)
6. Approve 157 new and transferring memberships comprising:
   1. Staff & Social Members - 146
   2. TBCC Country Golf - 2
   3. TBCC Rest Golf - 2
   4. MIBC Bowls - 1
   5. Junior Gym - 6

The next monthly Board Meeting will be held on Wednesday 7 December 2011

The 2011 AGM will be held on 22 January 2012.

Damien Foley
Chief Executive
21 November 2011