2024 AGM

Question and Answers

Thank you to everyone who submitted a question ahead of the AGM.
 
While we were able to answer most of your questions on the day, some were taken on notice.  Those questions and responses are detailed below.
Why is any third schedule maintenance costing us so much, and why is the standard of work performed so poor that trades must be requested to return to make things right?

Asked by Central City CERC:

CEHL conducted 120+ training sessions across 64 co-ops last financial year.

78% were delivered face-to-face through the Co-op Development Coordinators (CDC) and 22% of sessions were delivered via phone or online, providing flexibility and accessibility for members to attend.

The most common form of face-to-face training is one-on-one sessions between a co-op board member and the CDC. The sessions help board members understand their roles and responsibilities and foster strong leadership and governance within co-ops.

Quarterly New Member Induction sessions are held for new members.  The next session is scheduled for Monday, 10th February 2024, at 6pm.

 

Asked by Central City CERC

In FY24, CEHL invested $5.7 million in property upgrades across its portfolio.

The 2024 member and renter survey reported a 21% increase in member and renter satisfaction with maintenance and repairs.

462 co-op members who responded to the survey had maintenance or repairs completed in the past year, and 82% reported being satisfied or very satisfied with the work.

Asked by Goulburn Valley CERC

CEHL applies for all relevant State and Federal funding opportunities to deliver more homes.  We are preparing applications for State funding to build more than 200 new homes.  CEHL will also apply for the next round of  Federal funding when it is announced in January. 

Asked by Eastern View CERC

The CEHL Board has approved a consultation framework to ensure appropriate and effective consultation for policy changes and other significant decisions.

Recently, co-ops were consulted on two key policies – property allocation to co-ops and the exemption of the income of under 18 y/o  household members from the assessment of household income.

If you have any suggestions for policy reviews, please talk to your CDC or email policy@cehl.com.au

Asked by Central City 

Maximum rents are determined by reference to the private rental market, not sale prices.

CEHL engages a qualified independent valuer to assess the market rental of each property based on similar properties in the area.

Asked by Central City CERC

CEHL’s previous auditor, PKF, has provided services since 2014.

It is good governance to change auditors and gain a fresh perspective.

Grant Thornton was selected after a detailed selection process that considered experience, sector knowledge, fees, and value-added services.

Trish Ridsdale Presentation

Governance Foundations: Roles, Responsibilities, and Developing Board-Ready Directors

For those unable to attend, we invite you to view Trish’s presentation on board governance how CEHL can work with co-op members to develop board-ready directors.

The AGM in images