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Financial Report for 2022-23 Published
The Victorian Auditor-General has audited the Senior Master’s Financial Reports. These reports are for the financial year ending 30 June 2023. The Auditor-General said “In my opinion the financial reports present fairly, in all material respects, the financial position of the Funds in Court as at 30 June 2023 and their financial performance and cash…
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Issue 24 of FIC Newsletter Published
Issue 24 of the Funds in Court newsletter has been published. You can find it in our Publications section or click here to download a copy. Beneficiaries who live in Australia will receive a copy in the mail. This issue includes a survey about the newsletter. You can fill it in online here or you can fill in the…
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Investment Annual Fact Sheets Published
The annual fact sheets for the 2022-2023 financial year for Common Fund 2 and Common Fund 3 are now available. You can find them in our Publications section under Investment Information. You can also download the documents by clicking the links below. Common Fund No. 2 Annual Fact Sheet 30 June 2023 Common Fund No. 3…
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Correction – Information in Statements
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…
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2022–2023 Interest Rates and Operational Costs Published
FIC is almost entirely self-funded. FIC does not charge direct fees and we do not make a profit from beneficiaries’ investments. FIC takes only enough money to pay for its operating costs. These operating costs are set out every year in the FIC Financial Report and the annual Interest Rates and Operational Costs fact sheet. This fact…
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FIC General Information Guide published in Farsi (Persian)
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…