Members of AustCham shall be classified under one of the following categories, the criteria and intent of each of these categories shall be further classified in the By-Laws (including explanation of qualified members who wish to take up different categories of membership). These are:
KRW 250,000 p.a. membership fee
KRW 75,000 p.a. membership fee
KRW 150,000 p.a. membership fee
Honorary Members are exempt from payment of membership fees
Company Membership means membership by any corporation, partnership or other entity organised and existing under the laws of Australia which has established a legal person or registered a resident representative office in Korea and has its own representative(s) in Korea and, in the opinion of the Board, is undertaking activities which are consistent with the objectives of the Chamber.
Each Company Member shall designate, as its representative in the Chamber, one Company Member Representative, who shall be a person of good repute. A Company Member is eligible to vote and can stand for the Board. A Company Member may also nominate other employees to be Nominee Representatives at a fee determined by the Board. Nominee Representatives of Company Members are not entitled to vote.
Those corporations, partnerships or other entities which do not qualify for Company Membership under Section 4.1.1 above, but whose membership, in the opinion of the Board would be mutually beneficial can be Special Company Members. Such Special Company Members would enjoy all of the rights and privileges of Company Members.
Individual Membership shall mean membership of any individual who, at the time of application for or renewal of membership, is not employed by an entity eligible for Company Membership or Special Company Membership, or if employed by an entity eligible for Company Membership or Special Company Membership can demonstrate special circumstances for membership as an Individual Member, and who is, in the opinion of the Board, engaged in activities in Korea which are consistent with the objectives of the Chamber.
An Individual Member shall hold membership in his or her own capacity. On the AustCham membership list, the name of the individual shall be registered as the name of the member. Individual Members are entitled to vote and can stand for the Board.
Student Membership shall mean membership of any individual who is attending educational institutions. Student Members must show adequate proof that they are attending an educational institution at least nineteen (19) hours a week (half of a thirty-eight (38) hour working week). Student Members are not entitled to vote or to stand for the Board.
Non-Resident Membership shall mean membership of any corporation, partnership or other entity or individuals who would otherwise be qualified for Company Membership, Special Company Membership or Individual Membership but are not resident in Korea. A Non-Resident Member is not eligible to vote and cannot stand for the Board. Non-Resident Members enjoy part benefits which are at the discretion of the Board.
Honorary Life Membership shall mean membership of any person so elected by the Board, and who shall be entitled to all of the privileges of membership, as described below, and who shall be exempt from payment of membership fees. Honorary Life Members are not entitled to vote, and are not entitled to stand for the Board. An Honorary Life Membership may be cancelled by resolution of the Board at any time and at the sole discretion of the Board.
Subject to the provisions of this Constitution, all memberships are valid for a period of twelve (12) months with the exception of Honorary Life Members.
All members shall pay membership fees as specified by the Chamber's By-Laws. Members renewing their membership shall pay the full twelve (12) month membership fee before their current membership expires. Members who renew membership before the expiry date will have their membership renewed for twelve (12) months from this expiry date. The Board shall determine the amount of the annual membership fee for each category of membership. The Board shall be authorised to levy a premium over the annual membership fee for members who the Board determines, at its full discretion, to require extra resources to service their memberships.
The Board shall also be authorised to grant a discount in annual membership fees to members, who the Board determines, at its full discretion, warrant special consideration, e.g., 'Not-for-Profit' organisations being the predominant category for such consideration. Such premium or discount in any membership fee may only be levied or granted by a two-third-majority vote of the Board.
Company Members, Special Company Members and Individual Members are Voting Members of the Chamber. All other members are non-Voting Members of the Chamber.