Author: Michael Karabogias

You recently got your annual account statements about your funds in Court. These account statements show the interest received on your funds.

The account statements had a table under ‘Office Administration Expenses’. Unfortunately, there was a formatting mistake in this table. The numbers in the third row were swapped with the numbers in the fourth row. This mistake only happened in the last column.

These are the table cells that were wrong:

Here is a copy of the correct table:

The correct statement is available at Publications > Investment Information.

You can download the correct statement here.

There are no other mistakes in the account statements. The amount of money held in Court for you and the interest received are all correct.

We are sorry for any confusion or inconvenience this mistake may have caused.

The Funds in Court General Information Guide has now been translated into Farsi (Persian) and published on the Publications page of the website.

The Guide provides an overview of the roles and responsibilities of FIC in its administration of funds in Court. The Guide covers key topics for beneficiaries including what happens when funds are received by the Senior Master.

Also covered:

• Why funds are paid into court
• When funds are held ‘until further order’
• How funds are managed and invested
• Past care and attention
• How the funds can be used
• Buying a motor vehicle or a property

You can download a copy of the booklet here:  General Information Guide – Farsi (Persian)

The Common Funds No.3 Quarterly Fact Sheet for period ended March 2023 is now available in our Publications Section under Investment Information. You can also download the document by clicking the link below :-

Common Fund No. 3 Performance Mar 2023

The Funds in Court Human Rights Advisory Committee (HRAC) has been awarded the 2022 Public Advocate Award by the Office of the Public Advocate (OPA).

The Public Advocate Award is presented annually to an organisation that has provided an outstanding contribution to improving the lives and outcomes for people with disability.

The Senior Master, Associate Justice Fiona Steffensen, who administers Funds in Court, extends her congratulations to the members of the committee. Her Honour said, “This award deservingly casts a brighter light upon the important work done by the HRAC to address complex issues that have a direct impact on Victorians with a disability”.

The video of the ceremony can be found here.

See further the Supreme Court Website

The Supreme Court of Victoria’s 2021-22 annual report was tabled in Parliament on 7 February 2023, and has now been published on the Court’s website.

As always, a report on the operations of FIC is included in the Report and highlights the excellent work done by all FIC staff.

The Common Funds No.3 Quarterly Fact Sheet for period ended December 2022 is now available in our Publications Section under Investment Information. You can also download the document by clicking the link below :-

Common Fund No.3 Performance Dec 22 Quarter