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PRESIDENT'S REPORT
The President’s
Report DR AMIT GURBUXANI ADAWA PRESIDENT
Dear ADAWA family, It’s that time of year again: membership renewal time. While some members pay their membership fees annually, and others pay it over a period of months, the value of your membership fees goes a long way beyond just renewal. Your membership has aided in reducing the effect of this pandemic on our practices and our community; it has assisted in providing PPE resources and making sure our ADAWA team answers your questions in a timely manner via email, phone calls, social media and messaging. This is just one example of how your ADAWA family stands beside you to offer reassurance, advice and help in times of uncertainty. We have managed to keep the premiums for our members to a minimum increase of CPI this year, as we understand that the uncertainty of COVID-19, with short-notice patient cancellations and staff shortages, continue to make an impact on a day-to-day basis.
Nevertheless, to continue to provide the high-quality service that we do and to have the resources that you expect from your ADAWA team, it's important that each and every member renews their membership as soon as they can. I have said this before, and I reiterate it again, we are a community, and we are only strong when we work together.
There are many external forces affecting our community: we can advocate on behalf of our community and be taken seriously only when we have one voice. A perfect example of this was the advocacy seen in our most recent federal election. Our association at a federal level has proposed a senior’s dental benefit scheme similar to the child dental benefit scheme for the Government to support. Every single State branch advocated on the same lines, and it was heartening to see that the ADA voice was heard by the parties during the election. This was just one of the examples of how a united team can have a powerful voice to make change.
MEMBERSHIP RENEWALS HAVE NOW BEEN EMAILED
Please review and call 9211 5600 to make any category changes before payment. If you haven't received an email, please call the above number, or email memberships@adawa.com.au
Payment is due by Thursday, June 30. Thank you!
On another topic, it is with a heavy heart I write about the retirement announcement of our much-loved and valued CEO, Dr David Hallett. Dr Hallett has been the CEO and the heart of our association for the last eight years.
There would only be very few members who either haven’t been on the receiving end of his timely advice or who have been helped with a sticky situation. Dr Hallett has been a true value to our membership, always available with a smiling face and full of passion to help our members. For me personally, it's going to be a hard hit, as Dr Hallett has been my friend, mentor and colleague on the ADAWA council for over a decade. Working with Dr Hallett in my current role as the ADAWA President has shown me how much work and effort goes in at an operational level to keep ADAWA moving along smoothly. This is not only the management of staff, but also the negotiations and communications with external stakeholders. These efforts are what most of us members can easily take for granted. We have now started a search for the new ADAWA CEO: we know that there is no way that we will find a clone of Dr Hallett, as he is irreplaceable, but all efforts will be made to find the best person to lead our association. With such big shoes to fill, it is important that we have a fair and transparent approach, which is broad scoping in the search to find our new CEO, who will take our association forward to the next level and into the future.
The services of an executive search firm, Gerald Daniels, have been engaged by our council to help in the CEO search. An exhaustive search process is currently being undertaken to provide ADAWA council with a shortlist of candidates. As we progress through to the next stages in this search process, we shall continue to keep you updated.
ADAWA is a strong and dedicated association with highly valued members. We should never forget that it is our membership which gives ADAWA the strength to continue to be a successful organisation.
Running a successful business takes time, money and lots of hard work. Insuring your business should be top of your mind when you’re thinking about what might happen if you were totally and permanently disabled and couldn’t work.
Have you considered the ‘what ifs’?
No one wants to think about the ‘what ifs’ but if you are a partner in a successful business, the ‘what ifs’ can’t be ignored. Perhaps you started your business with a group of friends and built your dream together? Perhaps you bought into the business, or inherited it from your family? Whatever your situation, the relationship you have with the key people in your business probably extends beyond your work.
You’ve shared the highs and lows of building and running a business, as well as your personal ups and downs. You’ve probably shared social occasions and know each other’s spouse and children. In many ways, your lives are probably entwined. What if something happened to you or another partner in your business?
• What would happen to your business or family assets if you were to die or become permanently disabled?
• If you died, would your business partners be able to pay out your family/estate for your share of the business? • Would your estate be liable for your business guarantees if you were to die or become permanently disabled?
• What would happen to your family if you were no longer bringing in an income?
• How would the business survive the loss of one of the partners?
Now is the time to discuss the ‘what ifs’. It’s also the time to put plans in place to decide what would happen if you or another business partner suddenly left the business, or who would take over, and how the business would be valued.
Business insurance is not just about securing the future of your business... it’s also about securing the future of those you care about, and who rely on you for fi nancial support.
For fi nancial advice you can count on please speak to the AMA Financial Services team on 1800 262 346 or email advice@amafp.com.au.
A.M.A. Services (WA) Pty Ltd ABN 47 008 671 458 trading as AMA Financial Services, an Australian Financial Services Licensee is a Corporate Authorised Representative of Consultum Financial Advisers Pty Ltd. ABN 65 006 373 995 l AFSL 230323, an Australian Financial Services Licensee
Any advice or information in this publication is of a general nature only and has not taken into account your personal objectives, financial situation and needs. Because of that, before acting on the advice, you should consider its appropriateness to you, having regard to your personal objectives, financial situation and needs. Before making a decision to acquire a financial product, you should obtain and read the Product Disclosure Statement (PDS) relating to that product, and to seek appropriate advice. The information in this document reflects our understanding of existing legislation, proposed legislation, rulings etc as at the date of issue. In some cases, the information has been provided to us by third parties. While it is believed the information is accurate and reliable, this is not guaranteed in any way. Opinions constitute our judgement at the time of issue and are subject to change. Neither the Licensee, nor their employees or directors give any warranty of accuracy, nor accept any responsibility for errors or omissions in this document.
