Dingo, did you by any chance have a UAI of 86? Whilst I admire this organisation, I think it is not in the best interests of students, it will only create tension, UAI means nothing in the real world, so drop it. The term 'clan' also imples a form of gang that really does not look impressive to any employer (but come back to me when I finish my Law qualification - I might be able to defend you in court). I can just see it now, "Oi don't mess wif me, or I will get the Elit Clan on ya bro"
Not only is it a form of discrimination on intellect, but its also a form of forming alliances that rival.