Residential tenancies fund Established under the Residential Tenancies Act 1997 to 37,096 29,082 29,513 36,665 39,097 26,716 28,717 37,096 hold monies in accordance with sections 492 and 493 of that Act. Vehicle lease trust account Established under the Financial 0 1,052 1,052 0 0 1,619 1,619 0 Management Act 1994 to process the sales of VicFleet motor vehicles. Treasury trust fund Established under the Financial Management Act 1994 for the receipt 31,146 24,392 27,501 28,037 26,311 24,214 19,379 31,146 and disbursement of unclaimed monies and other funds held in trust. Victorian consumer law fund Established the Australian Consumer Law and Fair Trading Act 1,390 405 100 1,695 1,134 256 0 1,390 2012 to hold monies in accordance with section 134 and Part 6.2 of that Act. Total controlled trusts 527,681 139,098 241,598 425,181 515,277 136,194 123,790 527,681 (i) Trust account balances include cash and deposits (note 7.3) and investments (note 5.3). ($ thousand) 2017 2016 Opening Closing Opening Closing balance as balance as balance as balance as Cash and deposits, at 1 July Total Total at 30 June at 1 July Total Total at 30 June and investments 2016 receipts payments 2017 2015 receipts payments 2016 Administered trusts Asset confiscation office retained monies trust Established under the 14,185 6,504 9,785 10,904 15,695 9,508 11,018 14,185 Financial Management Act 1994 for the Asset Confiscation Office. Victorian government solicitor’s trust Established under the Financial Management 37,957 65,915 95,628 8,244 18,170 40,972 21,185 37,957 Act 1994 for the Victorian Government Solicitors Office.
Residential tenancies fund Established under the Residential Tenancies Act 1997 to hold monies in accordance with sections 492 and 493 of that Act. 37,096 29,082 29,513 36,665 39,097 26,716 28,717 37,096 Vehicle lease trust account Established under the Financial Management Act 1994 to process the sales of VicFleet motor vehicles. 0 1,052 1,052 0 0 1,619 1,619 0 Treasury trust fund Established under the Financial Management Act 1994 for the receipt and disbursement of unclaimed monies and other funds held in trust. 31,146 24,392 27,501 28,037 26,311 24,214 19,379 31,146 Victorian consumer law fund Established the Australian Consumer Law and Fair Trading Act 2012 to hold monies in accordance with section 134 and Part 6.2 of that Act. 1,390 405 100 1,695 1,134 256 0 1,390 Total controlled trusts 527,681 139,098 241,598 425,181 515,277 136,194 123,790 527,681 (i) Trust account balances include cash and deposits (note 7.3) and investments (note 5.3). ($ thousand) Cash and deposits, and investments 2017 2016 Opening balance as at 1 July 2016 Total receipts Total payments Closing balance as at 30 June 2017 Opening balance as at 1 July 2015 Total receipts Total payments Closing balance as at 30 June 2016 Administered trusts Asset confiscation office retained monies trust Established under the Financial Management Act 1994 for the Asset Confiscation Office. 14,185 6,504 9,785 10,904 15,695 9,508 11,018 14,185 Victorian government solicitor’s trust Established under the Financial Management Act 1994 for the Victorian Government Solicitors Office. 37,957 65,915 95,628 8,244 18,170 40,972 21,185 37,957
djr_annual_report_2016-17_financial.docx