Report from Angus Australia Board meeting conducted 28th March 2018

The Angus Australia Board met by teleconference on the 28th March 2018.

Items addressed at the meeting included the following:

• Discussion of the potential consequences to Angus Australia and its members of MLA’s plans to change the TACE commercialisation pipeline and pursue centralised across-breed genetic evaluation.
• Angus Australia to include statement on website Animal Details pages the alerting the existence of semen marketing claims on individual bulls when advised by the breeder or owner(s), including a disclaimer that Angus Australia has no rights or responsibilities to enforce such claims.
• Review of Angus Australia’s intangible asset values (e.g. Trademarks), as required by the Australian Accounting standards
• Consideration and approval of Financial statements and independent audit report for Certified Angus Group Pty Ltd for the year ended 31st December 2017.
• Consideration and approval of Financial statements and independent audit report for Angus Society of Australia Ltd for the year ended 31st December 2017.
• Update on Angus Australia funding proposals o the MLA Donor Company (through the National Livestock Genetics Consortium), noting approval of project “Enhancing technology adoption across the Angus genetic improvement pipeline”
• Approval of appointment of a Geneticist for an initial 2 year term to progress the development of Angus genetic evaluation initiatives.

The next Angus Australia Board meeting is scheduled for the 25th May, in Armidale following the AGM the preceding day. Subsequent Board meetings are scheduled for 26th Jul, 12th Sept, and 30th Nov 2018.

Peter Parnell
Chief Executive Officer
29th March 2018