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House of Assembly - Fifty-First Parliament, Second Session (51-2)
2007-11-13 Daily Xml
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JULIA FARR ASSOCIATION

191 Mrs REDMOND (Heysen) (31 July 2007). Were the Julia Farr Trust Funds transferred to the Julia Farr Association and if so, how was that possible and by what instrument of variation of Trust (and of what date) did the Government come into possession of any Trust Funds?

The Hon. J.W. WEATHERILL (Cheltenham—Minister for Families and Communities, Minister for Aboriginal Affairs and Reconciliation, Minister for Housing, Minister for Ageing, Minister for Disability, Minister Assisting the Premier in Cabinet Business and Public Sector Management): The Board of Directors of Julia Farr Services met on 25 June 2007 and passed a resolution to dissolve Julia Farr Services in accordance with Section 48(6) of the South Australian Health Commission Act 1976, with effect from 1 July 2007.

Prior to dissolving, and in accordance with their designated responsibilities as trustees of a property trust and two funds, the Board of Directors appointed new trustees for the following, with effect from 1 July 2007:

Julia Farr Services Trust, the new trustee being the Minister for Disability;

J.F.C. Benefactors Endowment Fund, the new trustee being the Julia Farr Association; and

Residents' Benefit Fund, the new trustee being the Julia Farr Association.

The Board affixed the Common Seal of 'Julia Farr Services' to Trust Deeds relating to each of the above on 25 June 2007. Funds, including interest accrued totalling $1.4 million, were subsequently transferred to the Julia Farr Association on 17 July 2007. The Minister for Disability became the trustee of the Julia Farr Services Trust, comprising the property at 103 Fisher Street, Fullarton, from 1 July 2007.

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