I have not seen any evidence that the EC has followed the School Building Fund Rules in Appendix 3 of the Association Rules. Who are the people who are on its controlling committee?
The Fund should have always been totally separate from TI's main operation. I do not see any sign of that having been the case and so I believe those TD gifts have been wrongly incorporated into consolidated funds.
Do we have Deputy Commissioner of Taxation's written approval for these actions? If we do then they should be made public. Unfortunately, I believe the opposite to be the case and we face liability for not following the Rules.
At the very least, we would have to draw money (equivalent to what we have been gifted over the years) from TI's funds and place them into a separate account under the control of a new controlling committee as required by the Rules.