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Great Southern Bank reaffirms customer ownership with new Constitution

In its 75th year Great Southern Bank has elevated its commitment to mutuality, confirming member support for a new Constitution proposed for adoption at its 2021 Annual General Meeting.

Great Southern Bank Chair Nigel Ampherlaw said the new Constitution embeds the commitment to customer ownership in its first lines, while preserving and expanding member rights.

“As we celebrate a landmark anniversary, it’s fitting that we start our journey as Great Southern Bank – and continue our next 75 years – with a Constitution that clearly places our customer-owners first,” Mr Ampherlaw said.

“Our new Constitution is simpler and more customer focused and it expands member rights – for example making joint members full members, meaning every individual will have the same right to vote.

“Many thanks to our members for taking part in this historic occasion.”

Great Southern Bank customer-owners voted overwhelmingly in favour of the new Constitution at the November 16 AGM with 92.5 per cent of votes cast in support of the resolution.

The new Constitution and information from the AGM are available at gsb.com.au/agm.