Category: Uncategorized

Features: “Embrace”, General Manager (FIC), Common Fund No. 2, Crediting Rates and Crystal Ball Gazing, Roger Walton-Senior Legal Officer, Beneficiary Advisory Group, Disability Support Pension, FIC Silent Auction and “Embrace” Participation Form.

An information sheet detailing the performance of Common Fund No. 3 has been published by FIC.

November 10, 2015
New CF-3 Quarterly Fact Sheet

The Common Fund No. 3 Quarterly Fact Sheet for September 2015 is now available in our Publications Section.

September 17, 2015

ISSUE 16: August 2015

Features: Beneficiary Focus Group, Variations to Victims of Crime Assistance Tribunal Award, Courts Open Day – 16 May 2015, Funds in Court Silent Auction, Advances in Technology, Farewell to Trish Blundell and Funds in Court Website.
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September 17, 2014
The Courts Legislation Amendment (Funds in Court) Bill 2014 was introduced into the Victorian Parliament on 17 September by the Attorney-General, The Hon. Mr Robert Clark, MP.

Will this legislation adversely impact my funds in Court?

• The proposed legislation will not have an adverse impact on your funds in Court or on the operations of Funds in Court.
• The Court has been consulted throughout the drafting process of the legislation and agrees with its contents and its introduction.

What does the Bill do?

The Bill affirms pre-existing practices and procedures of the Senior Master and Funds in Court:

• The Bill highlights the primary role of the Senior Master and Funds in Court, which is to protect the rights of all beneficiaries, to give all practical and appropriate effect to a beneficiary’s wishes, and to take any steps that are reasonably available to encourage the beneficiary to participate in decisions affecting his or her affairs.

For further information see our FAQ section:  What does the Courts Legislation Amendment (Funds in Court) Bill 2014 do?

Does this mean that it is now law?

No.  Whilst the Bill has been introduced into Parliament it has not yet been passed by both Houses.

FIC will keep beneficiaries and other interested parties informed of the progress of the Bill.