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Subscriptions Policy The Club depends on
subscriptions for the money it needs to provide
services to members. Our
subscriptions year runs from AGM to AGM because
subscriptions are set by the members at the annual
meeting. The year is usually December to December
each year.
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.Subscription Payments for 2026 Subscription Calculation Policy for New Members We have had a
long-standing policy of pro-rating subscriptions for
new members who join part-way through the year. To
formalise the procedure, it has been decided to
calculate the joining year fee for new members as
follows:-
Members who join between 1st June and 30th September will pay two-thirds of the annual subscription (currently $20). Members who join in the last three months of the year will pay one third of the annual subscription (currently $10). Donations To Ted
Nye Fund or to General Club Funds
Members also have the opportunity to make a donation
to the Ted Nye Fund or to General Club Funds, and may do
so when they pay their sub, or at any other time.
Money from the Ted Nye Fund is used to award, through
the University of Otago, an annual prize to a student of
cardiovascular medicine.Payment Options
Subscriptions and any donation to the Ted Nye Fund or
to Club Funds may be paid using online banking to the
Club’s bank account:-Westpac Bank Account name “Otago Phoenix Club”. Westpac Bank Account number 03 0903 0382417- 00 For annual subscriptions please include your name(s) in the particulars field and “Subs 2026” in the code field. To include a voluntary donation to the Ted Nye Fund or to General Club Funds, please include “Ted Nye 2026” or "Club Fund 2026" in the reference field. Alternatively, a cash payment may be made on club nights to the person on the door, but please make sure that the purpose of the payment is recorded correctly. Electronic payment
is the preferred method from the Treasurer's point
of view.
Receipts and Tax
Credits
Because The Otago Phoenix Cardiac
Rehabilitation Club is a registered charity, any
donation you make, to the Club or to the Ted Nye Fund,
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. Regardless of how a subscription
payment or a donation has been made, receipts
will be issued by the Treasurer. Subs and Donations will
have separate receipts issued and donations must be over
$5 to qualify as a donation for tax purposes.Please contact the Treasurer if you require any additional information. Chris Worth, Treasurer
(treasurer@otagophoenix.nz) |