Subscription Payments for 2023
(information from Secretary, Brent Marks and Treasurer, Chris Worth)
At the Annual General Meeting on Monday 12th December 2022 the Annual Subscription was confirmed as $30 with a $1.00 charge per gym session.
As in previous years, there are various payment options:
Payment electronically into the club bank account, Westpac, Moray Place, account number 03 0903 0382417 00.
If paying electronically we suggest you send an email to firstname.lastname@example.org headed up Phoenix Subs with your name.
Electronic payment is the preferred method from the treasurer's point of view.
Payment can no longer be made by cheque, but a cash payment is still possible on club nights but if Treasurer Chris is absent from the Club, you may need to give it to the Secretary or President in which case, the payment should be in an envelope with your name on the outside.
In addition to paying an Annual Sub, donations may also be made to Club General Funds or to the Ted Nye Fund. When making a donation you should clearly indicate whether you are donating to the Club or to the Ted Nye Fund.
Receipts will be issued for subscription payments and donations. Remember, only the donations content of any receipt is tax deductible.
Who Pays A Fee?
Fees are due from all members regardless of whether they hold membership because they have had heart treatment or because they are the nominated support person for a member who has had such treatment. Life Members are exempt from the annual subscription but may still make donations.
Part Year Payment For New Members
If a new member joins the club part way through a year, then an adjustment is made to the fee for that year. The adjustment is based upon the number of gym sessions missed compared to the total number of sessions in the full year.
Donations To Ted Nye Fund
Members also have the opportunity to make a donation to the Ted Nye Fund and members who do so would typically make this donation at the same time as paying their annual fee. Money from the Ted Nye Fund is used to award, through the University of Otago, an annual prize to a student of cardiovascular medicine.
Now that The Otago Phoenix Club is a registered charity, any donation you make to the club qualifies for a tax credit. The rules for obtaining a tax credit may be found on the IRD website. Please be aware that only donations qualify. Subscriptions are not covered.