The Future of Adult Community Education in Victoria 2020–25 (the Ministerial Statement) was launched by the former Minister for Training and Skills and Minister for Higher Education on 14 November 2019. The Ministerial Statement establishes a reform agenda for the board and the adult community education sector. It sets ambitious aspirations and goals, with a range of qualitative and quantitative measures to demonstrate progress.

The Ministerial Statement prioritises training in adult literacy, numeracy, employability and digital skills, to augment Victoria’s post-compulsory education sectors. It identifies a stronger role for the Learn Local sector in supporting students to enter and successfully complete TAFE and university courses, and in upskilling and re-skilling low-skilled workers who may be vulnerable to unemployment as the nature of work changes.

The Ministerial Statement sets an agenda that includes:

• building the capability of the adult community education sector to provide literacy, numeracy, employability and digital skills training; enhancing professional development for the sector and its teaching resources; and building board capacity to deliver on ministerial priorities
• developing partnerships with employers across the post-secondary education system and across the Victorian Government to support learners to work, study and fully participate in society
• enhancing learner access, inclusion and engagement across all local government areas, directing all board funding to learners based on need, and promoting the role and value of the adult community education sector.

The Ministerial Statement gives the adult community education sector the recognition and strategic direction it deserves. It guides sectoral collaboration to improve the lives of Victorian learners through education.

The Adult, Community and Further Education Board Strategy 2020–25 (the Strategy) is a blueprint for the board and the Learn Local sector for 2020–25. It is the primary means of delivering on the Ministerial Statement by positioning and strengthening the sector’s role in Victoria.

It focuses on adult Victorians who are seeking to develop the core skills they need for study, work and life and it places the learner at the centre. It acknowledges the sector’s strengths of engagement and participation by adult learners.

The Strategy focuses on 4 strategic directions:

• engaging learners and developing their confidence and skills
• building greater collaboration between the Learn Local sector and partners, especially employers and TAFEs
• investing in people across the sector, and in high-quality products and tools to support them
• maintaining high standards of board stewardship and governance, and championing and communicating the sector’s value and impact.

In both 2023 and 2024, the Minister for Skills and TAFE (formerly the Minister for Training and Skills) provided the board with a statement of expectations that identified specific areas of focus for that year within the broader context of the Ministerial Statement and the Strategy. The board reports twice a year to the minister on achievements against the statement of expectations and the Ministerial Statement.

In 2024, learners in Learn Local courses were again included in the VET Student Satisfaction Survey program.

The 2024 Pre-accredited Learner Survey collected data from learners who participated in Learn Local courses in 2023. It had a response rate of 37% (8,248 learners).

The survey results were very positive and indicated that in 2023 pre-accredited learners were highly satisfied with the teaching and learning provided:

• 83% indicated that they achieved their main reason for training
• 89% reported satisfaction with course materials and facilities, as well as with the support they received from their trainers
• 87% reported having positive perceptions of the teaching
• 93% reported a safe, welcoming and culturally appropriate learning environment that factored in the diversity of learners
• 91% would recommend their Learn Local provider
• 92% were satisfied that their provider had identified their learning needs
• 83% were satisfied that their pre-accredited course addressed their learning needs.

Overall, employment outcomes improved for the pre-accredited learners following a Learn Local course. The survey indicated:

• improved employment outcomes (up by 3.5 percentage points from 2022)
• a decline in unemployment (down by 1.2 percentage points from 2022)
• a slight increase in the rate of volunteering and unpaid work (up by 1.2 percentage points from 2022)
• an increase in workforce participation (up by 3.5 percentage points from 2022).

About 24% of the learners took Learn Local courses for work-related reasons. These learners experienced the greatest overall improvement in employment outcomes (employment up by 13 percentage points from 2022). About 70% of respondents who experienced an increase in employment were in this group. All the respondents who experienced a decline in unemployment were in this group. Almost half the respondents who experienced an increase in labour force participation were in this group.

The board partnered with VAEAI for the Supporting Koorie Self-Determination in Pre-accredited Training and ACFE Programs project as part of its commitment to supporting First Nations peoples in enhancing their capacity and engagement to learn more independently. The partnership produced a set of principles and protocols to increase the capabilities of Learn Locals to support self-determination for Aboriginal learners and Aboriginal community-controlled organisations in Learn Local courses and other board-funded programs.

The principles and protocols resource, Koorie education in Learn Locals: Best practice and protocols, was launched by the Minister for Skills and TAFE on 17 April 2024. The resource was distributed to all Learn Local providers and made available on the Learn Local Secure Portal and Resources Hub.

Preparation of professional development for the sector is underway.

Stronger by Design aims to improve opportunities and outcomes for educationally disadvantaged Victorians by supporting their language, literacy, numeracy, employability and digital skills. This helps them access accredited training, secure jobs and participate effectively in their communities.

The Stronger by Design pre-accredited training model approved by the board in late 2022 built on the PQF launched in June 2013, which aimed to provide consistency and foster a culture of continuous improvement in the teaching and learning of pre-accredited programs.

During 2023–24, reviews of the PQF, the Ministerial Statement and the board’s Strategy 2020–25 were conducted. This guided the development of the Stronger by Design pre-accredited training model and resources, in partnership with Learn Local providers. The process included gaining input from 3 tranches of Learn Local providers and involved 86 staff members in co-designing, testing and piloting the courses and associated professional development.

Employability skills are part of every Learn Local course. They include knowledge and skills such as self management, learning to learn, teamwork, problem-solving, planning and organising, and initiative and enterprise.

In 2023–24, Learn Local staff participated in professional development that focused on practical approaches to assessing a learner’s employability skills using the Employability Skills Initial Check Kit (ESICK).

ESICK is an indicative formative assessment process that allows prospective adult learners to tell their own story about their use of employability skills. They describe experiences in life, education and work in a guided conversation with an educator using a selected scenario.

The Victorian Budget 2021–22 allocated funding over 2 years to the Digital Literacy Skills for Adults program. This program aims to equip pre-accredited learners with digital literacy and related employability skills to enhance their employment prospects.

As the initiative was extended for an additional 2 years in the 2023–24 State Budget, the program will now be delivered in 2024 and 2025. It will feature both centrally and locally developed curriculum, delivered through the Digital Literacy and Employability Essentials, with a digital training component in the program categories.

The Family Learning Partnerships (FLP) program assists families to overcome barriers to participation in education and training. In particular, it supports participants to progress to further education, such as pre accredited or accredited programs, or to gain employment.

Some adult learners face complex challenges that preclude them from participating in education, including emotional, financial, health and skills-related barriers. In addition, they may experience disproportionate barriers to accessing education due to factors such as childcare and family relationships.

The FLP program, funded by the board and offered by Learn Locals, partners with school, community and industry organisations. It provides opportunities for learners with childcare responsibilities to engage in positive learning experiences and to gain the confidence and skills needed to take their next steps in education or employment.

In response to the impact of COVID-19, and to the effects of bushfires and floods on some regional areas, the board agreed that all Learn Locals managing FLP projects that were to conclude in 2023 could apply for a 12-month funding extension (through to 2024). The board was eager to enable the providers to consolidate outcomes and meet objectives. Twenty-two FLP projects were granted an extension.

The board also approved a new round of FLP projects to commence in 2024 for a 2-year period. An expression of interest was launched in 2023 and received an enthusiastic response from the Learn Local sector. Thirty-five FLP projects were approved and have commenced in 2024. Each Learn Local receives $35,000 per annum, conditional upon meeting a series of milestones over the period.

Projects are underway across the state, in metropolitan and rural and regional districts. They aim to address the diverse needs that have been identified. Projects include literacy and social inclusion initiatives, multicultural social enterprises and learning engagement programs for young mothers and women from a culturally and linguistically diverse background.

In February 2023, the board made available a one-off $8,000 (excl. GST) Local Innovation Grant to all contracted Learn Locals to support them in attracting and retaining pre-accredited learners and improving their learning experiences. Providers impacted by regional flooding could allocate funds to address resulting disruptions to services.

The grant required providers to submit a purchasing plan and rationale that aligned with the program’s criteria and did not replicate existing work and deliverables. Following evaluation by the Department of Jobs, Skills, Industry and Regions (the department), 208 grants were awarded, with a total value of $1,664,000.

Grants were acquitted following final program delivery in late 2023 and early 2024, in line with the submitted purchasing plans. Examples of project and program innovation supported by the grant funding include:

• building provider profiles and partnerships with local businesses and organisations to increase program visibility
• using media to expand the reach of programs and awareness about them, and build engagement
• purchasing electronic devices to support critical digital skills
• expanding program delivery to include online options
• broadening transport programs to expand student engagement.

The board sponsors nationally recognised accredited curricula that support adult learners to improve their literacy, basic numeracy and general education skills, so they are better prepared to pursue further study, qualifications and work.

The curricula include one Course in Initial General Education for Adults and 4 Certificates in General Education for Adults (CGEA).

Training organisations in Victoria are the primary users of the CGEA, but other jurisdictions also offer the curricula.

In 2023–24, Victoria University, the board-appointed curriculum maintenance manager, continued to provide core services for the CGEA and teacher professional development sessions.

Accreditation of the certificates has been renewed to 30 June 2025.

The board sponsors and funds an accredited curriculum that supports educationally disadvantaged Victorians to successfully transition into tertiary education and training pathways. The Certificate IV in Tertiary Preparation is currently accredited to 30 June 2026.

Just in Time Learn Local Industry Partnerships (Just in Time) support Learn Local providers to finalise an emerging partnership with a local business that has an immediate work issue for which there is a pre‑accredited program solution.

Just in Time helps the business and the Learn Local providers co‑design a pre-accredited training solution. The program to be delivered must have at least one intake of learners. In 2023–24, 8 new projects were contracted across the industry field areas of hospitality, retail, early childhood, aged care, manufacturing, community support, and public service, and 11 of the 2022 contracted projects were completed.

A board initiative, Learn Local Industry Practice Networks develop and pilot sustainable network models that support and promote Learn Local engagement with industry, for the benefit of pre-accredited learners.

Industry Practice Networks comprise Learn Local providers that are specialists in their field. They are led by project coordinators and Learn Local mentors, who support other Learn Local providers interested in working with local employers. Initially, 3 industry practice fields have been approved by the board: building and civil construction, health support and allied services, and aged care.

The board’s 12-month program of professional development is designed to build the capacity of the Learn Local workforce. All professional development activities are planned and developed in accordance with strategic priorities and demonstrated need in the sector.

In 2023–24, many successful professional development programs were offered to the Learn Local sector to build its capacity to deliver high-quality pre-accredited literacy, numeracy and digital programs:

• The Adult Literacy and Numeracy Practitioners Program (ALNPP) Professional Learning Network extended the teaching practice of more than 270 Learn Local trainers and practitioners through high-quality literacy, numeracy and digital professional learning, mentoring and collaborative learning opportunities.
• The ALNPP Koorie module supported 22 Learn Local practitioners to develop cultural competency and gain a deeper understanding of Aboriginal pedagogies and inclusive teaching practice.

The VET Development Centre (VDC) delivered board-funded digital skills programs to more than 100 Learn Local practitioners to support them to embed digital skills in their teaching practice and embrace blended delivery models.

The VDC also delivered professional learning in teaching vulnerable learners professional leadership skills, in areas such as financial management, governance and strategic planning, for approximately 150 Learn Local practitioners.

Wyndham Community and Education Centre delivered professional development to more than 90 Learn Local practitioners on the use of the board’s centralised curricula, focusing on digital skills for jobseekers and the workplace.

Victoria University delivered workshops for Learn Local trainers and practitioners on actively engaging learners in real-world, authentic and meaningful project-based learning.

Women’s Health Victoria offered additional gender-equity professional development to build awareness of gender equality and intersectionality within Learn Local educational settings.

The Victorian Adult Literacy and Basic Educational Council offered professional learning to 110 Learn Local practitioners in teaching and contextualised approaches for adults with low literacy, numeracy and digital skills.

A program of professional development on embedding employability skills in Learn Local courses was completed by 32 participants.

The Small Business Mentoring Service offered mentoring opportunities to Learn Local stakeholders on strategic planning, marketing and industry engagement practices.

More than 400 Learn Local practitioners attended the Learn Local Marketplace, which offered professional learning opportunities on a range of innovative programs, practices and resources.

The Learn Local Secure Portal is a learning management system and repository for board-funded centralised curricula for the Learn Local sector. In 2023–24, the Learn Local Secure Portal was optimised for delivery of online professional learning. There are more than 500 users in the portal and existing and professional development assets are now readily accessible, as are high-quality teaching and learning curricula.

The PPRF identifies the professional practices required to deliver high-quality pre-accredited adult language, literacy, numeracy, employability and digital programs. In the second half of 2023, a complementary online learning module and self-assessment tool was made available to the Learn Local sector.

Data from the online assessment tool will inform board decisions about investment in professional development for Learn Local practitioners. It will support an integrated, long-term professional development approach for the Learn Local workforce.

Recognising and building on the talents of the Learn Local workforce is critical to achieving all other goals for the sector.

Implementation of the board’s Brand and Value Proposition project continues. An initial literature review in 2019 led to a refreshed approach to Learn Local branding through the development and release of Learn Local Brand Guidelines and a design toolkit in 2021, as well as the roll-out of the Learn Local ‘Core Skills’ marketing campaign (funded via the Victorian State Budget).

Since then, a range of activities have been designed to establish consistent messaging and refine communications channels and resources. The aim is to support strategic engagement and raise awareness of the sector among learners and key stakeholders, forming the basis of the Brand and Value Proposition workstream.

The Learn Local ‘Your Goals, Your Way’ campaign was developed and finalised during the reporting period – a major achievement, years in the making. Phase 1 of this large-scale marketing and promotional campaign (the largest investment the board has made in this area) aims to raise awareness of the sector and increase brand recognition of the Learn Local sector among the Victorian community, while increasing enrolments by priority learner groups. It also aims to ensure the Learn Local sector is well understood by key referral and partner stakeholders as a key part of Victoria’s post-compulsory education and training ecosystem.

The campaign’s first phase was launched in mid-February 2024 and ran until 30 June 2024. Ongoing improvements to the campaign media planning are now underway, with marketing and public relations approaches devised to effectively target priority groups, such as culturally and linguistically diverse people and First Nations Victorians, to feature in the second phase, scheduled to be launched in 2024–25.

Other elements progressed in 2023–24 included a refresh of the Learn Local Brand Guidelines and establishment of a Learn Local Resources Hub in partnership with printing company Finsbury Green. The partnership allows Learn Local providers, regional councils, board members and department staff to order free printed posters and signage, factsheets, Learn Local Regional Stakeholders Profiles, new course guides and other promotional collateral produced under the Brand and Value Proposition project.

During 2023–24, the Audit and Risk Committee continued to fulfil its legislated functions. Achievements included an initial refresh of the board’s risk register and a review of the board’s risk management processes to align them with those of the department.

The committee again reviewed the board’s annual financial statements and the board’s annual report, providing recommendations to the board for approval. The committee also maintained engagement with the department’s internal audit function, oversaw the board’s compliance with various legislative requirements and monitored provision risk in the sector.

The board’s Finance Committee continued to fulfil its role to advise the board on matters relating to funding allocations to the sector, debt recovery and budget allocations and expenditure, and lead any improvements to the board’s financial efficiency and sustainability.

The board’s Planning, Prioritisation and Performance Committee continued to oversee implementation of the Ministerial Statement and the Strategy as they relate to initiatives and projects in the board’s annual implementation plan. The committee reported regularly to the board to support the board’s strategic discussions and decisions.

The Victorian Learn Local Awards promote the Learn Local sector by recognising the outstanding achievements of learners, practitioners, trainers and Learn Local providers. They encourage and reward best practice, innovation and high standards. In their 17th year, the 2023 awards celebrated individual success stories, leadership, programs, innovation and collaboration in the Learn Local sector.

Presentations were made to the 2023 award winners at an in-person gala on Friday 24 November 2023. The gala was hosted by Master of Ceremonies, Brian Nankervis. Prize money totalling $84,000 was awarded to recipients in the following categories:

• The Ro Allen Award – Learn Local Pre-accredited Learner (Skills for study and life) Award
  Ayan Daher, Kensington Neighbourhood House
• Victorian Learn Local Young Pre-accredited Learner (Skills for work) Award
  Isabella O’Hara, Cire Services
• Victorian Learn Local Pre-accredited Trainer Award
  Laurie Niven, Pines Learning
• Victorian Learn Local Leadership Award
  Heather McTaggart, The Basin Community House
• Victorian Learn Local Pre-accredited Program Award (for small providers)
  Sew and Grow, Kensington Neighbourhood House
• Victorian Learn Local Pre-accredited Program Award (for large providers)
  Starting work as a cleaner – our collaboration with Spotless, Loddon Campaspe Multicultural Services
• Victorian Learn Local Innovation Award
  Baptcare Language and Literacy Enrichment Program, Carringbush Adult Education
• Victorian Learn Local Partnership Award
  Just in Time Partnership Grant Project ‘Hungry 4 Success – Training’, Glen Park Community Centre Inc, Eastland Shopping Centre and the Glad Group.
  

The board was proud to again sponsor the Victorian Community Training Provider of the Year Award at the annual Victorian Training Awards. The award was open to all Learn Local providers, for an organisation demonstrating innovation and excellence in local community education.

The winner was judged on:

• design and implementation of quality training programs that are highly valued by the local community and responsive to learners’ aspirations
• understanding the local community and how to attract learners facing barriers to participation and attainment in vocational training
• partnerships and participation in broader service delivery within the local community.

The Victorian Aboriginal and Community Controlled Health Organisation (VACCHO) was named the 2023 Community Training Provider of the Year. VACCHO is the peak body for Aboriginal health and wellbeing in Victoria.

Education is a critical factor in closing the gap for the Aboriginal and Torres Strait Islander community in Victoria. In response to this issue, VACCHO sought to deliver high-quality, culturally safe health and social services to these community groups to improve educational programs and outcomes in health and wellbeing.

By providing wraparound services, advocacy and support throughout and beyond their training, VACCHO has expanded services to support students in achieving their goals. As a result, learner completion rates increased from 10% to 43% in just over 12 months.

Dr Teresa De Fazio (Chairperson from 9 August 2023) has extensive experience as a former academic and researcher in the fields of education, leadership, inclusion and equity. She is the Director of Intersect Global Partners and continues to be an active community advocate. Dr De Fazio is a former commissioner of the Victorian Multicultural Commission. She has a strong research and publications profile that reflects her interests in areas such as inclusive educational and leadership practices, curriculum development and student retention.

Dr De Fazio brings to the board a strong board directorship profile, including experience on the boards of Zoos Victoria and Multicultural Arts Victoria. Her own lived and professional experiences have fostered her strong passion for ensuring equitable and high-quality educational opportunities are accessible to all.

Mr John Maddock AM (Deputy Chairperson from 27 February 2024) has extensive governance and senior executive leadership experience in the tertiary and adult education sectors, including as former chief executive officer of Box Hill Institute, the Gordon Institute of TAFE and the Centre for Adult Education. His governance experience as a non-executive director in the education sector includes serving on the boards of the Victorian Curriculum and Assessment Authority, Victorian Tertiary Admissions Centre, Deakin University Council, Monash University Faculty of Education, Innovation and Business Skills Australia, Australian Training Products and eCoach. He also served as a member of the Victoria Polytechnic Vice-Chancellor’s Advisory Committee at Victoria University.

Mr Maddock is a Fellow of the Australian Institute of Company Directors, a non-executive director of the TasTAFE Board and the Chairperson of the Melbourne Central Basketball Association Board.

Mr Maddock represented Australia in basketball at the Olympics and has played in 2 world championships. Following his playing career, he served as the Chairperson of Basketball Victoria, chairperson of Basketball Australia and Deputy Chairperson of FIBA International Competitions Committee. He was awarded the Australian Sports Medal for volunteer services at the Sydney 2000 Olympics. In 2013, Mr Maddock was appointed as a Member of the General Division of the Order of Australia for significant service to vocational education and training, and basketball.

Ms Claudia Fatone (member to 31 December 2023) is an experienced executive and non-executive director across the sport, community and legal assistance sectors. Ms Fatone is the Chief Executive Officer of Women’s Legal Service Victoria. Prior to this, Ms Fatone was general manager of operations and human resources for The Man Cave Global (a mental health and emotional intelligence charity), and chief executive officer of the Fitzroy Legal Service, one of Australia’s oldest community legal centres. A graduate member of the Australian Institute of Company Directors, Ms Fatone is also a board member of Respect Victoria and an external member of the Victoria University Compliance Audit and Risk Committee.

Ms Fatone is a former director of Cricket Victoria, Melbourne Stars and Melbourne Renegades, and a former board member of the Victoria Law Foundation.

Ms Kate Gaffney (member from 9 August 2023) has more than 20 years’ experience in higher education and adult education, specialising in criminology and pathways programs. She transitioned into investment banking and advisory, focusing on sustainable solutions for environmental, economic and social challenges.

In 2024, Ms Gaffney was seconded to Federation University Australia as the Manager of Renewable Energy Transition. Previously, Ms Gaffney served on the Gippsland Regional Council of ACFE and was a non-executive director (cadet) with Community College Gippsland. She currently chairs the Clean Energy Council’s nationwide University and Industry Working Group. Her dynamic career trajectory reflects her ability to excel in demanding and competitive environments, showcasing her adaptability and acumen.

Ms Gaffney is also the proud owner of a sustainable farming business based in West Gippsland, where she was born. Her commitment to sustainable practices aligns with her broader vision of advancing the interests of regional and rural communities. A fervent advocate for enhanced access to educational opportunities, Ms Gaffney recognises the profound impact of education in elevating the wellbeing and prospects of people in regional areas.

Mr Michael Grogan is the State Director of the Victorian, South Australian and Tasmanian branches of the Advanced Manufacturing Growth Centre. Previously chief executive officer of Sutton Tools Pty Ltd, Mr Grogan sits on the board of Manufacturing Skills Australia, and is Director of DMTC (formerly Defence Materials Technology Centre). He chairs the William Ruthven Secondary College School Council and is a board member of Melbourne Polytechnic.

Ms Margaret Lewis has wide-ranging experience on community boards and committees. Ms Lewis is currently the Chairperson of Remembrance Parks Central Victoria and a board member of Dhelkaya Health (formerly Castlemaine Health), Planning for Sustainable Animal Industries Implementation Reference Group and Joyces Creek Cemetery Trust. She is also a board member of other non-government bodies and committees.

A teacher for 25 years and a principal for 18 years in the Loddon Mallee region, she has extensive experience as an educator. Ms Lewis was on the board of the Goldfields Local Learning and Employment Network for more than 20 years, and was its deputy chair for many years before retiring in May 2022.

Ms Natasha Ngweso has a strong background in financial and management accounting and leadership. From 2012 to 2016, she worked in management, accountancy and recruitment roles for Woodside Energy Limited, during which time she engaged with members of the Timor-Leste Development Program and developed working relationships with local universities to support graduate recruitment.

Ms Ngweso was Chairperson of Women of Woodside, a community organisation that drives diversity and inclusion. From 2017 to 2021, she held the role of executive manager of store operations at Aldi, Western Australia.

Mr Ekrem Ozyurek OAM has more than 30 years’ experience in primary and secondary education, including as a principal. He was principal of East Preston Islamic College for 14 years, and before then a founding principal of Mt Hira College.

His experience and expertise extend to community and cultural development in culturally and linguistically diverse communities, specifically Turkish and Islamic communities, with a focus on education and community engagement. In 2010, Mr Ozyurek was awarded the Medal of the Order of Australia for service to the Turkish community of Victoria, and education. He is currently a director of the Yunus Emre Institute and is a member of the Community Advisory Committee of the Southern Metropolitan Cemeteries Trust. Mr Ozyurek also served as the Chairperson and Vice-Chairperson of the Islamic Coordinating Council of Victoria from 2002 to 2020.

Ms Ann Maree Playfair (member from 9 August 2023) has 3 decades of experience in marketing, project management and the development of community-based programs across regional Victoria. She has also held various consultancy roles in the areas of business partnerships and sponsorship development.

Ms Playfair’s contribution to the board is enriched by her 10 years’ experience in vocational teaching, working directly to foster people’s growth and development. She has taught at both university and TAFE levels, with positions at Mansfield Adult Community Education, Jesuit Community College/Job Providers and Australian Employment Training Solutions/Job Providers.

She has volunteered for 2 decades with community-based organisations, serving variously as chair, board member or committee member. Ms Playfair has also delivered training at Learn Locals throughout the Hume regional area, with responsibilities extending to managing Learn Local courses to ensure they align with foundation skills and pathways.

Ms Deborah Sansom brings to the board a wealth of experience in governance, strategy, stakeholder management and communications. Based in the Barwon region, she currently works at Deakin University, where she leverages her diverse skill set to contribute significantly to the institution. Over the course of her career, she has worked across various sectors including the arts, education, not-for-profit organisations and broadcasting. In each of these fields, she has been a steadfast advocate for equity and has worked to improve access for underrepresented communities.

Dr Winifred Scott (member to 31 July 2023) is a consultant with extensive experience in the VET sector. Dr Scott was chief executive officer of Sunraysia Institute of TAFE until her retirement in June 2016. She was awarded an Honorary Doctorate in Education in 2016 by La Trobe University and holds a Master of Educational Management. Dr Scott is a member of the Regional Development Advisory Committee, and a member of other regional and local boards. Before joining the TAFE sector, Dr Scott was a restaurateur in Bendigo.

Table 3: Board member appointment and meeting attendance details 2023–24

(i) ARC: Audit and Risk Committee
(ii) FC: Finance Committee
(iii) PPPC: Planning, Prioritisation and Performance Committee

• Mr Deryck Gall, Chairperson (reappointed from 1 October 2023)
• Ms Leanne Williams, Deputy Chairperson
• Ms Anne Marie Ryan (term ended 30 September 2023)
• Ms Dianne Baxter (term ended 1 January 2024)
• Mr Alan Davis
• Mr Wayne Elliott
• Ms Jan Golden (term ended 30 September 2023)
• Ms Vikki King
• Mr Peter MacDonald
• Ms Sabina Reynolds
• Ms Richelle Yow
• Mr Cameron Quinten (co-opted from 2 February 2024)

• Ms Beverley Knowles, Chairperson
• Mr Joseph Cullen, Deputy Chairperson (term ended 12 May 2024)
• Ms Jayde Hayes (term ended 16 March 2024)
• Mr Alexander Law
• Ms Fiona Purcell
• Ms Helen Ruddell (term ended 3 January 2024)
• Ms Elizabeth White
• Ms Louisa Ellum (co-opted from 21 March 2024)

• Ms Diane Carson, Chairperson
• Ms Shae McGregor, Deputy Chairperson
• Ms Karen Bird (appointed from 4 September 2023)
• Ms Kate Gaffney (term ended 8 August 2023)
• Ms Geraldine Jones
• Ms Den Lim (appointed from 4 September 2023)
• Ms Jennifer McCafferty
• Ms Jenine Smith (appointed from 4 September 2023)

• Mr Tim Shaw, Chairperson
• Ms Jannine Bennett, Deputy Chairperson
• Ms Annette Creek
• Ms Angela Dunn
• Mr Andrew Henwood
• Mr Greg Tinkler
• Ms Jasmine-Monique McCaw (co-opted from 23 August 2023)

• Ms Trish Curtis, Chairperson
• Ms Melinda Burgess, Deputy Chairperson
• Ms Laura Baker (appointed from 31 July 2023)
• Mr Mewan Dissanayake (appointed from 31 July 2023)
• Ms Jennifer Gordon (appointed from 31 July 2023)
• Ms Melva Tyson
• Ms Sue West (appointed from 31 July 2023)

• Ms Deborah Quin, Deputy Chairperson
• Mr Brian Gould
• Mr Robin Kuhne
• Ms Jessica Mitchell (appointed from 4 September 2023)

• Mr Gregory Ferrington, Chairperson
• Ms Christine McCall, Deputy Chairperson
• Ms Julie Johnston (appointed from 4 September 2023)
• Dr Sureshan Marcandan (appointed from 4 September 2023)
• Mr John Sheen

• Mr Martin Corman, Chairperson
• Mr Ali Aziz
• Ms Sandra George
• Ms Catherine McGrath (reappointed from 30 September 2023)
• Mr Tim Newman
• Ms Jayne Valle (appointed from 4 September 2023)

Nil reports.

Nil reports.

For 2023–24, the board expended a total of $0.6 million on information and communications technology (ICT), as detailed in Table 4.

Table 4: Expenditure on ICT 2023–24

During 2023–24, there were 2 reviews and studies undertaken with a total cost of $155,396 (excl. GST). Details of individual reviews and studies are outlined in Table 5.

Table 5: Reviews and studies expenditure 2023–24

Details of consultancies of $10,000 or greater

In 2023–24, there were 8 consultancies with fees payable of $10,000 or greater. Total expenditure in relation to this was $515,683 (excl. GST). Details of individual consultancies are outlined in Table 6.

Table 6: Consultancies of $10,000 or greater 2023–24

Details of consultancies less than $10,000

In 2023–24, there were no consultancies for which the total fees payable to an individual consultant were less than $10,000. The total expenditure incurred during 2023–24 was nil.

The board’s operations are administered by the department, including the provision of emergency procurement, in accordance with the requirements of government policy and accompanying guidelines. In 2023–24, nil emergency procurements in relation to the board were activated.

Nil reports.

Competitive neutrality requires that, where services of government business compete or potentially compete with those of the private sector, any advantage arising solely from government is accounted for if it is not in the public interest. Government businesses are required to cost and price these services as if they were privately owned. Competitive neutrality policy supports fair competition between public and private businesses and provides government businesses with a tool to enhance decisions about resource allocation. This policy does not override other policy objectives of government and focuses on efficiency in the provision of service.

The board does not operate as a business whose services compete, or potentially compete, with the private sector, therefore the National Competition Policy is not applicable to the board.

The board’s operations are administered by the department, including the provision of departmental employees, facilities, office accommodation and fleet services required to support the board’s activities. The department’s annual report 2023–24 disclosure includes the environmental impact data of the board’s operations.

The ACFE Board does not have any assets for the purposes of the AMAF.

I, Dr Teresa De Fazio, Chairperson, on behalf of the Responsible Body, certify that the Adult, Community and Further Education Board has no Material Deficiency with respect to the applicable Standing Directions under the Financial Management Act 1994 and Instructions.

In 2023–24, there was one government advertising campaign with total media spend of $100 000 or greater (excl. GST). The detail of the campaign is outlined in Table 7 below.

Table 7: Details of government advertising expenditure 2023–24

(i) Approved ‘Advertising (media) expenditure’ is the amount approved for each campaign by the Advertising Approval Group (AAG).

(ii) Planned campaign expenditure amounts are the amounts included in the Campaign Strategy form submitted to the AAG for review.

Victoria’s Freedom of Information Act 1982 (FOI Act) allows the public a right of access to documents held by the board. The purpose of the FOI Act is to extend as far as possible the right of the community to access information held by government departments, local councils, ministers and other bodies subject to the FOI Act.

An applicant has a right to apply for access to documents held by the board. This comprises documents both created by the board or supplied to the board by an external organisation or individual, and may also include maps, films, microfiche, photographs, computer printouts, computer discs, tape recordings and videotapes. Information about the type of material produced by the board is available on the department’s website under its Part II Information Statement at Freedom of Information Part II – Information Statements.

The FOI Act allows a department to refuse access, either fully or partially, to certain documents or information. Examples of documents that may not be accessed include:

• Cabinet documents
• some internal working documents
• law enforcement documents
• documents covered by legal professional privilege, such as legal advice
• personal information about other people
• information provided to a department in confidence and information that is confidential under another Act.

Under the FOI Act, the processing time for FOI requests received is 30 calendar days. However, when external consultation is required under subsections 29, 29A, 31, 31A, 33, 34 or 35, a 15-day automatic extension applies. Processing time may also be extended by periods of up to 30 days, in consultation with the applicant. With the applicant’s agreement, this may occur any number of times. However, obtaining an applicant’s agreement for an extension cannot occur after the expiry of the timeframe for deciding a request.

If an applicant is not satisfied by a decision made by the board, under section 49A of the FOI Act they have the right to seek a review by the Office of the Victorian Information Commissioner (OVIC) within 28 days of receiving a decision letter.

Making a request

FOI requests may be submitted to the board via the freedom of information form on the OVIC website at Find and request access to information. An application fee of $32.70 applies. Access charges may also be payable if the document pool is large and the search for material time-consuming.

Documents can also be accessed by making a written request to the board’s FOI team, as detailed in section 17 of the FOI Act.

To be valid, all FOI requests must be in writing, clearly identify what types of materials or documents are sought and include the application fee.

Requests for documents and other material in possession of the board should be addressed to:

Freedom of Information Manager
Adult, Community and Further Education Board
Department of Jobs, Skills, Industry and Regions
GPO Box 4509
Melbourne VIC 3001

Freedom of information statistics

For the 12 months ending 30 June 2024, the board received no new FOI applications.

More information

More information regarding the operation and scope of FOI can be obtained from the FOI Act, regulations made under the FOI Act and ovic.vic.gov.au.

Victoria’s Public Interest Disclosures Act 2012 (PID Act) encourages and assists people to make disclosures of improper conduct by public officers and public bodies. The PID Act protects people who make disclosures in accordance with the PID Act and establishes a system to investigate and take rectifying action on the matters that have been disclosed.

The board does not tolerate improper conduct or reprisals against those who have come forward to disclose such conduct. The board is committed to ensuring transparency and accountability in its administrative and management practices. It supports disclosures that reveal corrupt conduct, conduct involving substantial mismanagement of public resources, or conduct involving a substantial risk to public health, safety or the environment.

The board will take all reasonable steps to protect people who make such disclosures from any detrimental action as reprisal for making the disclosure. It will also afford justice to the person who is the subject of the disclosure, to the extent legally possible.

Reporting procedures

Disclosures of improper conduct or detrimental action by the board or its officers may be made directly to the Independent Broad-based Anti-corruption Commission (IBAC):

Independent Broad-based Anti-corruption Commission
Level 1, North Tower
459 Collins Street
Melbourne VIC 3000
Phone: 1300 735 135
Website: ibac.vic.gov.au
Email: See the IBAC website for the secure email disclosure process, which also provides for anonymous disclosures.

More information

Information on public interest disclosure procedures, including the system for reporting disclosures of improper conduct or detrimental action, is available from the board’s public interest disclosures officer:

Public Interest Disclosures Officer
Adult, Community and Further Education Board
Department of Jobs, Skills, Industry and Regions
GPO Box 4509
Melbourne VIC 3001
Email: acfe@djsir.vic.gov.au

The Disability Act 2006 reaffirms and strengthens the rights and responsibilities of persons with disability and recognises that doing so requires support across the government sector and in the community. The department manages the implementation of a disability plan related to the employment of staff (see the department’s annual report for 2023–24).

Through the board, the Victorian Government funds Learn Local providers to deliver pre-accredited training to people whose current or past life circumstances are barriers to educational achievement. The board targets funding for vulnerable learners, including people with disability.

The board does not own or control any government buildings, so is exempt from notifying its compliance with the building and maintenance provisions of the Building Act 1993.

The Victorian Government’s Social Procurement Framework (SPF) clearly defines social and sustainable procurement as a key value‑for-money component and outlines how it can make a difference to Victorian communities. For buyers, the SPF provides guidance on embedding social and sustainable procurement into existing processes. For suppliers, the SPF describes methods to deliver government objectives, while continuing to participate in government procurement processes and grow their business.

The SPF applies to all Victorian Government procurement relating to goods, services and construction.

In 2019, the board received an exemption from developing its own social procurement strategy. The board has agreed to comply with all associated departmental policies and procedures related to procurement, including social procurement and implementation of the SPF.

Social procurement objectives prioritised by the department during 2023–24 were:

• opportunities for Aboriginal Victorians
• opportunities for Victorians with disability
• women’s equality and safety
• opportunities for Victorian priority jobseekers
• sustainable Victorian social enterprise and Aboriginal business sectors
• sustainable Victorian regions.

During the reporting period, the department advised staff undertaking procurement activity on behalf of the board on how to implement the SPF.

In 2023–24, the board undertook the social procurement activities outlined in Table 8.

Table 8: ACFE Board social procurement activities 2023–24

Table 9 outlines the board’s performance in 2023–24 against the SPF objectives.

Table 9: ACFE Board performance against SPF objectives

Note: Businesses may be counted in more than one group.

Consistent with the requirements of the Financial Management Act, the board has prepared material on the topics listed below. Details of this material are held by the executive director of the department’s Adult, Community and Further Education, Higher Education and Workforce Branch and are available to the public on request, subject to the FOI Act.

The information retained by the board includes details (where applicable) of any:

• statement that declarations of pecuniary interests have been duly completed by all relevant officers
• shares held by a senior officer as nominee or held beneficially in a statutory authority or subsidiary
• publications produced by the board about itself, and details on how these can be obtained
• changes in prices, fees, charges, rates and levies charged by the board
• major external reviews carried out on the board
• major research and development activities undertaken by the board
• overseas visits undertaken, including a summary of the objectives and outcomes of each visit
• major promotional, public relations and marketing activities undertaken by the board to develop community awareness of the entity and its services
• assessments and measures undertaken to improve the occupational health and safety of employees
• general statement about industrial relations within the board, and details of time lost through industrial accidents and disputes
• list of major committees sponsored by the board, the purposes of each committee and the extent to which the purposes have been achieved
• consultancies and contractors, including:
  • the consultants or contractors engaged
  • the services provided
  • expenditure committed for each engagement.

Enquiries regarding details of this information should be made to:

Executive Director, Adult, Community and Further Education, Higher Education and Workforce
Skills and Employment
Department of Jobs, Skills, Industry and Regions
GPO Box 4509
Melbourne VIC 3001
Telephone: 03 9651 9999

The financial statements cover the Adult, Community and Further Education Board (the board) as a statutory authority/individual reporting entity under the Education and Training Reform Act. The board reports separately to Parliament through the Minister for Skills and TAFE.

The board’s principal address is:

Adult, Community and Further Education Board
Level 32
35 Collins Street
Melbourne VIC 3000

A description of the nature of the board’s operations and its principal activities is included in the report of operations, which does not form part of these financial statements.

Objectives and funding

The board’s overall objective is to support the expansion of adult community education across all learner groups, qualification levels and industry sectors, and to develop a strong Learn Local provider base that is responsive to industry and community needs. The board is predominantly funded by accrual‑based parliamentary appropriations.

Basis of preparation

These financial statements are in Australian dollars and the historical cost convention is used unless a different measurement basis is specifically disclosed in the note associated with the item measured on a different basis.

The accrual basis of accounting has been applied in the preparation of these financial statements whereby transactions are recognised in the reporting period to which they relate, regardless of when cash is received or paid.

Income, expenses and assets are recognised net of GST unless the GST is not recoverable. In this case, it is recognised as part of the cost of acquisition of the asset or as part of the expense.

Judgements, estimates and assumptions are required to be made about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on professional judgements derived from historical experience and various other factors that are believed to be reasonable under the circumstances. Actual results may differ from these estimates.

Revisions to accounting estimates are recognised in the period in which the estimate is revised and also in future periods affected by the revision. Judgements and assumptions made by management in the application of Australian Accounting Standards (AASs) that have significant effects on the financial statements and estimates, are disclosed in the notes to the financial statements.

Amounts in the financial statements have been rounded to the nearest 1,000 dollars unless otherwise stated. Figures in the financial statements may not equate due to rounding.

Compliance information

These general-purpose financial statements have been prepared in accordance with the Financial Management Act, applicable Financial Reporting Directions (FRDs) and applicable AASs, which include interpretations, issued by the Australian Accounting Standards Board (AASB). They are presented in a manner consistent with the requirements of AASB 1049 ‘Whole of Government and General Government Sector Financial Reporting’.

Where appropriate, those AAS paragraphs applicable to not-for-profit entities have been applied. Accounting policies selected and applied in these financial statements ensure that the resulting financial information satisfies the concepts of relevance and reliability, thereby ensuring that the substance of the underlying transactions or other events is reported.

Restructuring of administrative arrangements

During the 2022–23 financial year, the Victorian Government undertook the restructure of some of its activities via machinery of government changes, taking effect from 1 January 2023. These changes included the transfer of responsibility for the Training and Skills and Higher Education portfolios to the Department of Jobs, Skills, Industry and Regions. Although this restructuring did not alter the operation of the board, it did alter the responsible portfolio department from the Department of Education (formerly known as the Department of Education and Training) to the Department of Jobs, Skills, Industry and Regions.

Income is recognised to the extent that it is probable that the economic benefits will flow to the entity and the income can be reliably measured.

Grants

State government grants, received by the board during a reporting period, are recognised as income of that reporting period consistent with AASB 1058 ‘Income of Not-for-Profit Entities’. Income from grants without sufficiently specific performance obligations, or that are not enforceable, is recognised when the board has an unconditional right to receive cash that coincides with the receipt of grant funding from the department.

Services received free of charge

Contributions of services received free of charge are recognised at fair value when control is obtained over them, irrespective of whether these contributions are subject to restrictions or conditions over their use. In accordance with AASB 1058 ‘Income of Not-for-Profit Entities’ income in the form of services is only recognised when a fair value can be reliably determined, and the services would have been purchased if they had not been received as a donation.

The fair value of services received free of charge is measured based on an allocation of estimated time incurred by departmental staff in supporting the board, and includes relevant employee benefits (including oncosts), contractor support and other operating costs.

Grants and transfer payments

Grants and other transfers to third parties (other than contributions to owners) are recognised as an expense in the reporting period in which they are paid or payable. They include transactions such as grants, subsidies and other transfer payments to educational providers.

Operating expenses

Operating expenses generally represent the day-to-day running costs incurred in the normal operations of the board. These items are recognised as an expense in the reporting period in which they are incurred.

Services provided free of charge

Contributions of resources provided free of charge are recognised at their fair value after control is obtained over them, irrespective of whether restrictions or conditions are imposed over their use. Contributions in the form of services are only recognised when a fair value can be reliably determined, and the services would have been purchased if they had not been donated.

The fair value of services provided free of charge equals the services received free of charge from the relevant portfolio department in supporting the operation of the board.

Net gain/(loss) on financial instruments

Net gain/(loss) on financial instruments includes impairment and reversal of impairment for financial instruments at amortised cost.

Revaluations of financial instruments at fair value

All financial assets, except for those measured at fair value through profit or loss, are subject to an annual review/assessment of whether there is objective evidence that a financial asset or group of financial assets is impaired. Impaired receivables (expected credit loss) and bad debts not written off by mutual consent are classified as other economic flows in net result. Bad debts considered as written off through mutual consent are classified as transaction expenses. Subsequent recoveries of amounts previously written off are credited against the same line item.

Receivables consist of:

• contractual receivables, such as debtors in relation to goods and services. These are recognised as financial instruments
• statutory receivables (i.e. amounts owing from the Victorian Government). These are not classified as financial instruments because the receivable does not arise from a contract.

Receivables are recognised initially at fair value and subsequently measured at amortised cost, using the effective interest method, less expected credit losses.

Details of the board’s impairment policies, exposure to credit risk, and the calculation of the loss allowance are set out in Note 9 ‘Financial instruments’.

Payables consist of:

• contractual payables, such as accounts payable and expenditure accruals, which recognise the liability to make future payments for goods and services received/purchased by the board that remain unpaid at the end of the financial year. These payables are classified as financial instruments and categorised as financial liabilities at amortised cost
• statutory payables, such as GST. These are not classified as financial instruments and not included in the category of financial liabilities at amortised cost, because they do not arise from a contract.

Contingent assets and contingent liabilities are not recognised in the balance sheet, but are disclosed by way of a note and, if quantifiable, are measured at nominal value. Contingent assets and liabilities are presented inclusive of GST receivable or payable, respectively. As at 30 June 2024, the board had no knowledge of any contingent assets or contingent liabilities (2023 – Nil).

Financial risk management objectives and policies

The board’s main financial risks include credit risk and liquidity risk. The board has overall responsibility for the establishment and oversight of its risk management framework.

Credit risk

Credit risk arises from the contractual financial assets (contractual receivables) of the board. The board’s exposure to credit risk arises from the potential default of a counterparty on its contractual obligations, resulting in financial loss to board.

The board’s credit risk is minimal because the main debtor is the Victorian Government. For debtors other than the government, it is the board’s policy to deal only with organisations that meet the standard financial viability requirements.

There are no financial assets that have had their terms renegotiated to prevent them from being past due or impaired, and they are stated at the carrying amounts as indicated.

Liquidity risk

Liquidity risk is the risk that the board would be unable to meet its financial obligations as and when they fall due. The board’s exposure to liquidity risks is deemed insignificant, as no obligation to allocate funding is entered into without securing appropriate sources to meet the commitments.

Measurement basis and accounting policy

The board considers the carrying amount of financial instrument assets and liabilities recorded in the financial statements to be a fair approximation of their fair values, because of the short-term nature of the financial instruments and the expectation that they will be paid in full.

Contractual financial assets

The board applies the AASB 9 ‘Financial Instruments’ simplified approach for all contractual receivables to measure expected credit losses using a lifetime expected loss allowance based on assumptions about the risk of default and expected loss rates. The board has grouped contractual receivables on shared credit risk characteristics, days past due/debtors’ financial health and selected the expected credit loss rate based on past history, existing conditions and forward-looking estimates at the end of the financial year.

Ageing analysis of contractual financial liabilities

In accordance with the Ministerial Directions issued by the Assistant Treasurer under the Financial Management Act, the following disclosures are made regarding responsible persons for the reporting period.

The persons who held the positions of minister and accountable officer on the board are as follows:

Responsible minister

• The Hon Gayle Tierney MP (1 July 2023 – 30 June 2024)

Accountable officer

• Ms Laura Lo Bianco-Smith (4 March 2024 – 30 June 2024)

The following officers acted in the role during the year:

• Ms Georgina Lyell (31 July 2023 – 1 March 2024)
• Ms Michelle Willetts (1 July 2023 – 28 July 2023)

Significant transactions with government-related entities

During the year, the board had the following significant government-related entity transactions:

• Grant funding was received from the Department of Jobs, Skills, Industry and Regions ($33.6 million).
• Services were received free of charge ($6.6 million), from the Department of Jobs, Skills, Industry and Regions to undertake legislative responsibilities.
• Payments were made to the Department of Families, Fairness and Housing ($0.5 million) for the support of a grants management system. These included costs relating to migrating the grants management system into the Department of Jobs, Skills, Industry and Regions.
• The Victorian Skills Authority was paid $0.4 million to support the board’s 2024 Pre-accredited Learner Survey and Learn Local Awards.
• The TAFE division of Victoria University, Victoria Polytechnic, received $0.3 million for curriculum maintenance and management services.
• Payments were made to the Centre for Adult Education ($0.7 million) and AMES Australia ($1.1 million) for the delivery of educational services.

Key management personnel and related parties

Related parties of the board include all key management personnel and their close family members and personal business interests (controlled entities, joint ventures and entities over which they may have significant influence). Other related parties include Victorian Cabinet ministers (including their close family members) and public sector entities that are controlled and consolidated into the whole-of-government consolidated financial statements.

Key management personnel of the board include:

• board members
• Minister for Skills and TAFE in the Parliament of Victoria
• accountable officer.

The compensation detailed below excludes salaries and benefits that the portfolio minister received. The minister’s remuneration and allowances are set by the Parliamentary Salaries and Superannuation Act 1968 and are reported in financial report of the Department of Parliamentary Services.

Remuneration of key management personnel

Other than ministers and accountable officers, the number of key management personnel and their total remuneration during the reporting period are shown in the table below. Remuneration comprises employee benefits in all forms of consideration paid, payable or provided by the entity, or on behalf of the entity, in exchange for services rendered, and is disclosed in the following categories:

• short-term employee benefits – includes amounts such as wages, salaries, annual leave and sick leave that are usually paid or payable on a regular basis, as well as non-monetary benefits such as allowances and free or subsidised goods or services
• post-employment benefits – includes pensions and other retirement benefits paid or payable on a discrete basis when employment has ceased
• other long-term benefits – includes long-service leave, other long-service benefits or deferred compensation
• termination benefits – includes termination-of-employment payments, such as severance packages.

(i) Board members do not fall within employee definitions.

Remuneration of accountable officer

The accountable officer is an executive officer employed by the portfolio department, with information on remuneration disclosed in the department’s financial statements. The board recognises the indirect cost associated with the accountable officer’s time within the services free of charge recognised in the operating statement.

Retirement benefits of responsible persons

There were no retirement benefits made in connection with retirement of responsible persons of the reporting entity.

Transactions and balances with key management personnel and other related parties

During the reporting period, no responsible person received or was entitled to receive any benefit (other than remuneration disclosed in the financial report) from a contract between the board and that responsible person or a firm or company of which that responsible person is a member or has a substantial interest.

Outside normal citizen-type transactions, there were no related-party transactions that involved key management personnel, their close family members or their personal business interests. No provision has been required, nor any expense recognised, for impairment of receivables from related parties. Other related transactions and loans requiring disclosure under the Directions of the Assistant Treasurer have been considered, and there are no matters to report.

There is no remuneration of executive officers (other than the accountable officer) to be reported for the accounting period, because it was paid by the relevant portfolio department.

No matters or circumstances have arisen since the end of the financial year that significantly affected or may affect the operations, the results of operations or the state of affairs of the board in future financial years.

Commitments for future expenditure include operating and capital commitments arising from contracts. These commitments are not recognised in the balance sheet but are disclosed at their nominal value and inclusive of GST payable. In addition, where it is considered appropriate and provides additional relevant information to users, the net present values of significant individual projects are stated. These future expenditures cease to be disclosed as commitments once the related liabilities are recognised in the balance sheet.

Cash and deposits

The board does not hold a bank account with any financial institution. Total approved appropriations for the relevant period are transferred by the relevant portfolio department to the board, in a phased manner throughout the financial year via inter-entity transactions.

Comprehensive operating statement

The comprehensive operating statement comprises 3 components: ‘net result from transactions’ (or ‘net operating balance’), ‘other economic flows included in net result’ and ‘other economic flows – other comprehensive income’. The sum of the first 2, together with the net result from discontinued operations, represents the net result.

The ‘net result from transactions’ or ‘net operating balance’ is a key fiscal aggregate and is derived by income from transactions minus expenses from transactions. It is a summary measure of the ongoing sustainability of operations. It excludes gains and losses resulting from changes in price levels and other changes in the volume of assets. It is the component of the change in net worth that is due to transactions and can be attributed directly to government policies.

‘Transactions’ are those economic flows that are considered to result from policy decisions, usually interactions between 2 entities by mutual agreement. Transactions also include flows within an entity, such as depreciation, where the owner is simultaneously acting as the owner of the depreciating asset and as the consumer of the service provided by the asset. Taxation is regarded as mutually agreed interactions between the government and taxpayers.

Transactions can be in-kind (for example, assets provided or given free of charge or for nominal consideration) or where the final consideration is cash.

Balance sheet

Assets and liabilities are presented in liquidity order, with assets aggregated into financial assets and non‑financial assets.

Current and non-current assets and liabilities (those expected to be recovered or settled beyond 12 months) are disclosed in the notes, where relevant.

Statement of changes in equity

The statement of changes in equity presents reconciliations of each non-owner and owner equity opening balance at the beginning of the reporting period to the closing balance at the end of the reporting period.

It also separately shows the changes due to amounts recognised in the ‘comprehensive result’ and amounts recognised in ‘other economic flows – other movements in equity’ related to ‘transactions with owner in its capacity as owner’.

Cash flow statement

Cash flows are classified according to whether they arise from operating activities, investing activities or financial activities. This classification is consistent with requirements in AASB 107 ‘Statement of Cash Flows’.

Receivables and payables are stated inclusive of the amount of GST receivable or payable. The net amount of GST recoverable from, or payable to, the taxation authority is included with other receivables or payables on the balance sheet.

Cash flows are presented on a gross basis. The GST components of cash flows arising from investing or financing activities that are recoverable from, or payable to, the taxation authority, are presented as operating cash flow.

Australian Accounting Standards issued that are not yet effective

Certain new accounting standards and interpretations have been issued but are not effective for the 30 June 2024 reporting period. The board assesses the impact of these new standards to determine their applicability and early adoption where applicable.

As at 30 June 2024, the following standards and interpretations that are applicable to the board had been issued but were not made mandatory for the financial year ending 30 June 2024. The board has not and does not intend to adopt these standards early.

This annual report of the board is prepared in accordance with all relevant Victorian legislation. This index has been prepared to facilitate identification of our compliance with statutory disclosure requirements.

The following grant payments were made to certain companies and organisations during 2023–24.

[1] This grants classification includes sector development, project and administration funding.