RSL Queensland Annual Report 2020

83 RSL Queensland Annual Report | 2020 Investment Committee The Investment Committee was established in 2020. It provides direction and guidance to the Board in the investment of cash and reserves that are surplus to the organisation’s immediate to medium-term operating requirements. The Committee’s remit includes the investment of funds over the short, medium and long term, and incorporates RSL Queensland’s property investments, the RSL Art Union property prize bank portfolio and other RSL Queensland business investment opportunities. The Audit and Risk Committee oversaw the establishment of the Investment Committee, which was formed during the second half of 2020. In 2020, the Constitution and Awards Committee undertook the following work: • assisting Sub Branches to update their Constitutions, in particular the nine Sub Branches that received letters from the Commissioner for State Revenue to ensure that they comply with the Revenue and Other Legislation Amendments Bill (ROLAB) • ensuring the correct evaluation and nomination process was undertaken before recognising the appropriate member for the Meritorious Service Award • recognising the wonderful work carried out by members of the League and Auxiliaries by ensuring the correct processes were undertaken to award ten service members and one auxiliary member Life Membership. One RSL Queensland Director was appointed, and four independent skills-based members were recruited. The inaugural meeting of the Committee was held on Friday 20 November. BARRY VAINS OAM Chair, Investment Committee Constitution and Awards Committee The Constitution and Awards Committee provides the Board with advice and recommendations on memberships, RSL Awards, Constitutions and By-Laws. This includes matters relating to the development of proposed State, District and Sub Branch Constitutions and awards. The Constitution and Awards Committee will be modified to become the Governance, Constitution and Awards Committee in 2021, to be chaired by Bill Whitburn OAM. MERV BROWN OAM Chair, Constitution and Awards Committee We recognise the wonderful work carried out by our members / Investment Committee, Constitution and Awards Committee RSL Queensland Committees Merv Brown OAM