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Dept. of Education
> Administrative
Services > Finance, Facilities and Business
Strategy Branch > Trustee Arrangements
Trustee
Arrangements
The Department acts under a trustee arrangement in the administration of
certain library and student funds. The financial management of these trust funds
is the responsibility of the appropriate Board which oversees the fund. The
Department only provides administrative support for these funds.
This policy provides an overview of the trust funds the Department provides
administrative support for.
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This policy applies to those staff involved in providing administrative
support of those funds of which the Department acts under a trustee arrangement
This policy does not relate to trust accounts maintained within individual
budget centres. Information on budget centres trust accounts can be found in the
Department's Budgeting Policy.
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The following table summarises the Trusts managed by the Department, and
provides Internet web links to more detailed information.
|
Trust |
Description |
Further Information |
|
Critchley Parker Junior Student Loan
Fund |
Provides financial help to full-time
students who, without such aid, would be prevented from continuing their
studies in Tasmania at secondary or senior secondary levels, a TAFE
institute or the University of Tasmania. |
Student Assistance Schemes |
|
Woodward Visual Arts Bequest |
Provides an annual grant of $500 to one
Northern school located within the Esk area, to further that school’s
visual arts program. |
Financial Assistance Unit, Department of
Education, Phone:(03) 6233 7041 |
|
Sir John Morris Memorial Trust Fund |
Provides educational travelling
scholarships to two workers in library, archives, or related fields in
Tasmania. This trust fund is included as part of the State Library and
Archives Trust. |
State Library and Archives Trust |
|
TM Crisp Memorial Sporting Fund |
Provides grants for the purchase of
sporting books for public and reference libraries. This trust fund is
included as part of the State Library and Archives Trust. |
State Library
and Archives Trust |
|
Allport Library & Museum of Fine Arts
Fund |
The fund is established to provide for
purchases of heritage items, including rare antique books and fine art. |
Allport Library and Museum of Fine Arts |
As the Department only manages trustee funds in a trustee arrangement, their
financial information is not included as part of the Department’s Financial
Statements. However, details of amounts collected and distributed to external
parties during a reporting period are recorded in the
Notes to the
Financial Statements.
The Boards of the State Library and Archives Trust, and the Allport Library &
Museum of Fine Arts Fund, prepare separate annual reports, which are
incorporated as part of the Department’s overall
Annual Report.
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Officers |
Responsibilities |
|
Administrative Officers |
|
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Trust Fund
Boards |
|
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This administration of trust funds will be subject to internal audit,
external audit and performance audits.
| Responsible
Business Unit: |
Finance
and Procurement Services |
| Authorised
by: |
Manager,
Finance and Procurement Services |
| Last
Update: |
August 2004 |
| For
further assistance contact: |
Phone
6233 7441 or Fax 6233 7720 |
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