Sub Memberships Available
Senior Associate Members (SAM)
A number of years ago, the Board has introduced a new category of membership known as Senior Associate Member (SAM). It gives the Senior Associate Member membership privileges, but no shares or voting rights.
Members can become a SAM by transferring their shares to a child/offspring. This person will then be a full member of the club, and the former member will be registered as a Senior Associate Member.
The advantages of the scheme:
– it will bring more young members into the club;
– it will encourage continued family use of the club; and
– it will add to the attractiveness of being a member, which in turn, could influence the value of membership.
The requirements and benefits of Senior Associate Membership are as follows:
- Members must be a minimum of 55 years of age before being able to apply for Senior Associate Membership.
- Members can only apply for Senior Associate Membership after being a Member for a minimum of 15 years.
- Members who wish to become a Senior Associate Member can only pass their membership to a son or daughter, grandchild or sibling.
- SAM’s and their spouses will have the same privileges as members in terms of bookings, tariffs etc.
- Senior Associate Membership will not be transferable. However, in the event of a SAM’s death his/her spouse may continue to use the Clubs facilities at SAM rates.
- SAM’s will get the same accommodation rebate (if applicable) as members. • Children of a SAM who are
Associate Members but do not receive the membership from their parent, may retain Associate Membership (subject to AM rules). - SAM’s will have no voting rights and will be ineligible for positions on the Board.
- Senior Associate Membership will terminate if the beneficiary of the transfer sells their shares, or if their membership is terminated.
Associate Members
Associate Membership was introduced in the 1980’s to enable Members children to continue to use the club at members rates when they left school or university, but were not in a position to afford full membership. Over the years the club has had 25 to 30 Associate Members, who have used the club quite extensively. This has been a good source of revenue and has helped ensure a steady stream of younger guests in both lodge. When Associate Membership was first introduced, the intention was that Associate Members ( AM’s ) would be offered full membership at a certain age when memberships became available. The AM would be required to purchase a membership at that time or give up Associate Membership. However, the age at which this was meant to happen was never fixed and the requirement to purchase full membership has never been enforced. Please note payment of a $200 joining fee plus current year subscriptions is required. The current requirements for Associate Membership are as follows:
- 1. Associate Memberships will terminate at the age of 30.
- 2. At the age of 30 AM’s will be offered membership from previously forfeited shares held by the club at a price determined from time to time. It should be noted that there is a limited number of these shares available.
- 3. The Board reserves the right to purchase shares from a retiring member. The Board may then sell these shares to existing AM’s.
- 4. AM’s and their spouses will have the same privileges as members in terms of bookings, tariffs etc.
- 5. Associate membership will not be transferable.
- 6. AM’s will pay a reduced subscription and will receive the accommodation rebate subject to the requirements stated in the booking information document.
- 7. Associate Members will have no voting rights and will be ineligible for positions on the Board.