Author: Amy Sparkes

November 05, 2012

FIC will be closed for Melbourne Cup

Please note that Funds in Court operating hours for Monday, 5 November and Tuesday, 6 November 2012 are:

Monday:

9:00 to 1:00pm and 2:00pm to 4:00pm

Tuesday (Melbourne Cup Day):

Closed

September 28, 2012

Global Corporate Challenge Update

In our August Newsletter we informed you that a group of employees from the SMO participated in the Global Corporate Challenge.

We are happy to announce that our Team SMO consisting of Linda Coviello, Kerry Flynn, Graeme Morris, Kathy Murton, Nichola Pye, Reshma Shah, Rouba Urrutia and Liliana Varvarigos have completed the Challenge and made the SMO very proud.

This year’s Challenge involved 184,036 and 26,290 teams across the globe. Over 112 days, a combined 195 billion steps were taken and 8 billion calories burned.

Team SMO came in at 9,547 having travelled a total of 6,168 km.

That result was just ahead of Team Supreme who came in at 9,692, having travelled 6,143 km, followed by the other five Supreme Court teams.

We would like to congratulate Team SMO on their excellent effort.  Another article about their participation in the Challenge will appear in our January Newsletter.

For more information on the Global Corporate Challenge go to http://www.gettheworldmoving.com/

September 07, 2012

Senior Master Kevin J Mahony Retires

Associate Justice Kevin J Mahony, will be retiring today, 7 September 2012, after twenty nine years as  Senior Master of the Supreme Court of Victoria.

Associate Justice John Efthim, a long time colleague and friend of Senior Master Mahony, has been appointed as his replacement for an initial period of six months.

Senior Master Mahony has written to all beneficiaries concerning his retirement.  The letter should arrive in the week commencing 10 September 2012.  You can download a PDF version of the letter at the end of the page

On 6 September 2012, a farewell sitting of the Supreme Court of Victoria was held in Banco Court for Associate Justice Mahony.  You may view a webcast of the farewell on the Supreme Court website at:

http://scv2.webcentral.com.au/farewells/farewell_MahonyAJ_6sep12/main.htm

Attachment:
Senior Master Mahony’s Retirement Letter (389 KB PDF)

August 29, 2012

New CF-3 Fact Sheet

This fact sheet reports on the performance of Common Fund No. 3 (CF-3) for the financial year 2011-12. You can find the fact sheet under the Publications tab.

August 03, 2012

Embrace 2012 is Coming!!

The SMO will again be holding a special night of celebration called “Embrace” to showcase beneficiaries’ talents. For more details go to our Events page.

June 01, 2012
Competitive rates fixed for beneficiaries

In conformity with sections 113(14) and (15) of the Supreme Court Act 1986 [the Act] and with Rule 79.09(1) of the Rules of Court, the Senior Master has fixed the following interest rates with the approval of the Chief Justice:

1. With respect to Common Fund No. 1 for the year to 31 May 2012:

1.00 per centum per annum.

1. With respect to Common Fund No. 2 [CF-2] for the year to 31 May 2012:
   • For beneficiaries with funds invested in both Common Funds No. 2 and Common Fund No. 3 as at 1 June 2011, 6.00%.
   • For the other beneficiaries of Common Fund No. 2, 6.20%.

The rates fixed in respect of Common Fund No. 2 are very competitive, especially in view of the current financial environment.

To the beneficiaries of CF-2, it means that they have a Government-guaranteed fund, which they can access at any time (as their funds are not locked away for the period of, say, a term deposit), and which affords them above-market-rate returns from which cost recovery has already been made.

It is also worthy of note that Common Fund No. 2 has outperformed all possible benchmarks since 1992.  During that time, the outperformance above the relevant investment benchmark achieved for CF-2 has added a cumulative value of over 25% to the fund’s returns.