Payments to Sponsoring Organisations
ACIRT pays fees to its directors to compensate them for their time spent in managing the fund. The fee payable to directors is currently $3,000 per meeting. Directors who are members of Board sub Committees are entitled to be paid $1,000 for each Committee meeting.
Where agreed between the sponsoring organisation and the individual directors, those fees may be paid directly to the sponsoring organisation (including any applicable Goods and Services Tax).
Where we considerate appropriate, the fund may also advertise in the journal or magazine of a sponsoring organisation. These payments are always made on an arm’s length basis.