The Wallsend Town Business Association seeks to be innovative and progressive in its outlook, whilst setting benchmarks in its field. It acknowledges that it cannot deliver this alone and needs the support and involvement of local businesses, the community and the City of Newcastle.The operational goals of the Wallsend Business Improvement Association are:
- To work with its members (precinct businesses) and other key players to identify and understand current and emerging project opportunities
- To collaborate and effectively communicate with the City of Newcastle and other stakeholders for the promotion, development, beautification and advancement of the commercial interests of businesses within the Hamilton Business Association Inc. precinct through a coordinated and structured promotion, advocacy and planning program
- For the purposes and objects stated in this constitution, to administer funds provided to the Association by the City of Newcastle for the purposes for which the Special Rate is levied and from time to time, ensure that any other income, funding or grants received by the Association, deliver services, programs and outcomes that add value to the precinct
- To do all things as are, or may be incidental or conducive to, the attainment of these objects.
The Association has the widest possible powers to do all things which may be necessary to pursue the Association's goals and objects including the following powers:
- To use funds of the Association to pay the costs and expenses of the Association in accordance with any funding agreement entered into by the Association.
- Subject to any funding agreement, to engage in prosecuting, defending or otherwise taking any legal action or legal proceedings on behalf of the Association and for that purpose, to expend such moneys and employ such solicitors, counsel and other advisors as the Association may think fit
- To apply for and acquire any licences or permits deemed necessary by the Association
- To open and operate bank accounts subject to such conditions as the Association any funding agreement entered into by the Association.
- To engage with its stakeholders and community
- To raise money by other means and upon such conditions as the Association thinks fit and in accordance with any funding agreement entered into by the Association
- To engage contractors or consultants for such purposes and for such periods that are subject to any funding agreement entered into by the Association. subject to such conditions as the Association thinks fit provided that the Association shall not give money or lend money to;
- A member or director of any company by which any business of the Association is carried on, or
- A person or entity who is a settlor or trustee of a trust that is a shareholder of any company by which any business of the Association is to be carried on.
The Business Improvement Association is expected to only use the Service Fee for the purpose of beautifying, promoting and developing the area as specifically agreed to in the Deliverables Plan approved by the City of Newcastle. Special Rate Funds must not be used for administration costs, employee costs or used for any other costs related to the operation of the Service Provider unless approved in writing by the City of Newcastle.
A Deliverables Plan is a plan approved by the City of Newcastle’s nominated representative in writing containing the details of what the Service Provider intends to do to deliver the Service, including how and when the Service Fee will be spent, an operational plan and a marketing and communication plan for delivering the Service. The Deliverables Plan contains measurable targets for service delivery, which the Association is expected to report on to the City of Newcastle.