Wreck Bay Aboriginal Community Council Annual Report 2010 –2011 Cover image: Mary’s Bay looking towards Summercloud Bay

© Commonwealth of Australia 2010 ISSN 1832–5181 The contents of this Annual Report and Statement of Accounts are protected by the provisions of the Copyright Act, 1968. The document is produced solely for the purposes of reporting to its members and as required by law and the report or any part of this report must not be reproduced or published without the express written permission of the Wreck Bay Aboriginal Community Council. Address: Wreck Bay Aboriginal Community Council Administration Building 5 Bunaan Close WRECK BAY JBT 2540 Publisher: Wreck Bay Aboriginal Community Council Designer: LG2 designers www.lg2.com.au Wreck Bay Aboriginal Community Council Annual Report 2010–2011 iii iv Wreck Bay Aboriginal Community Council Annual Report 2010–2011 Contents

Our Vision 1 Our Goals 1 Overview 2 Membership 3 Land Ownership/Management 7 Functions 8 Wreck Bay Village 9 Wreck Bay Community 9 Timeline 10 Board Members 16 Board Meetings 1st July 2010 to 30th June 2011 23 WBACC Annual Report 24 Chairman’s Report 25 The year in retrospect 25 Governance 25 Community Service 26 Land Management 27 Challenges moving forward 28 Chief Executive Officer’s Report 29 Funding Grants and other income 29 Subsidiary Companies and Contracts 30 Further Operational Activities with the Community 30 Compliance 31 The Future 31 Organisational Chart 33 WBACC Operations’ Report 34 Program Outcome Statement 34 Performance reporting 34 Administration 35 Governance 36 Commonwealth disability strategy 36 Land Matters 37 Environmental Impact Management 38 Occupational Health And Safety 39 Community Programs 40 Community Liaison Function 41 Training 41 Centrelink Agency 41 Jervis Bay Territory Networking 42 General Meetings of the WBACC 42 Audit Committee 43 WBEL Annual Report 45 Financial 45 Overview of Operational Activities 2010–2011 45 Training 48 Organisational 49 Service Level Agreements 49 WBACC Financial Statement 51 WBEL Financial Statement 94 Director’s Report 95 Compliance Index 120

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 v Statements

Wreck Bay Aboriginal Community Council 1 – Vision 1 – Goals 1 Wreck Bay Aboriginal Community Council

Our Vision Wreck Bay Aboriginal Community seeks to be a respected equal and valued part of a culturally diverse Australian society. By controlling and managing its own land and waters, the Community aims to become self sufficient and able to freely determine its future and lifestyle. The Community desires to do this by protecting its interests and values while preserving for future generations, its unique Identify, Heritage and Culture.

Our Goals To achieve this vision Wreck Bay Aboriginal Community Council’s goals are: hh Sole ownership of all lands and waters within Jervis Bay Territory; hh Sole management of its freehold land and waters, allowing for Community responsibility, empowerment and self determination; hh Sole representation of all Community’s united and democratically agreed interests, at all levels of Government and in all external dealings so as to protect Community members rights; hh Environmentally sustainable development to allow a productive economic base for the Community by managing Booderee as an ongoing Park, the Community seeks to protect the land and water while earning income, creating jobs and achieving financial security; hh Social and cultural development linked with an appropriate cultural training and education, to improve Community empowerment and management, security and wellbeing, while preserving Community values; hh Improve health, housing and living standards, to levels at least comparable with good practice in other Australian Communities; and hh Recognition and support from the wider Australian community and Government, to achieve these worthwhile and positive goals.

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 1 Overview

Wreck Bay Aboriginal Community Council 3 – Membership 3 – Land Ownership/Management 7 – Functions 8 – Wreck Bay Village 9 – Wreck Bay Community 9 Wreck Bay Aboriginal Community Council

The Wreck Bay Aboriginal Community Council (the Council) is an incorporated statutory body which was established by the Aboriginal Land Grant (Jervis Bay Territory) Act 1986 (Land Grant Act), which is Australian Government legislation and falls within the ministerial responsibilities of the Minister of Family, Housing, Community Services and Indigenous Affairs. The Council commenced operations in March of 1987 and is currently in its twenty fourth year of operation.

Membership At time of this report there are 319 Registered Members of the Wreck Bay Aboriginal Community Council.

JANELLE ALI AIMEE ARDLER ALINTA ARDLER AMANDA ARDLER ANTHONY ARDLER ATHOL ARDLER BEVERLY ARDLER BRADLEY ARDLER CRAIG ARDLER DILLAN JAMES ARDLER ELIJAH ARDLER ERIC ARDLER JNR ERIC ARDLER SNR ERICA ARDLER GERALDINE ARDLER IVERN ARDLER JAMAHL ARDLER JOEANNA ARDLER JOSH ARDLER KAIN ARDLER KAREN ARDLER KARLIE-JOY ARDLER KEVIN ARDLER LEAH ARDLER LEIGH ARDLER LISA ARDLER LORRAINE ARDLER MIAMBA ARDLER PAUL ARDLER PAUL ARDLER JNR REUBEN ARDLER JNR REUBEN ARDLER SNR RICHARD ARDLER RICK ARDLER SUSAN ARDLER TANYA ARDLER TERRENCE ARDLER THERESA ARDLER VIRGINIA ARDLER WAYNE ARDLER KEIRAN ASSHETON-STEWART HELEN BARRINGTON CHERYL BASSINDER SANDRA BLOXSOME ANNETTE BROWN

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 3 ASHLEIGH BROWN CHRISTINE BROWN DAEN BROWN DARREN BROWN DARYLL BROWN EVONNE BROWN FRANCES BROWN GAIL BROWN GARY BROWN GEORGE BROWN JNR GEORGE BROWN SNR GRAEME BROWN HAROLD BROWN JACKSON BROWN JACOB BROWN JANNINE BROWN JASMIN BROWN JEREMIAH BROWN JOHN M BROWN JOHN P BROWN JOSEPH G BROWN JOSEPH T BROWN JUSTINE BROWN KEIRON BROWN KENNETH BROWN KENNY BROWN KEVIN BROWN KRISTY BROWN KYLE BROWN LEON BROWN LESLIE BROWN LYNETTE BROWN MARGARET BROWN MAXINE BROWN MEGAN BROWN MELISSA BROWN MORGAN BROWN PATRICIA BROWN PHILLIP BROWN RHONDA BROWN ROBERT BROWN RUSSELL BROWN SANDIE-LEE BROWN SHAYNE BROWN SHERYN BROWN SIMON BROWN STANLEY BROWN STEVEN J BROWN STEVEN BROWN SUE-ANN BROWN SYLVIA BROWN TERRENCE BROWN THOMAS BROWN JNR THOMAS BROWN SNR VERA BROWN VIDA BROWN JNR VIDA BROWN SNR WENDY BROWN WILLIAM BROWN VERONICA BROWN-ROBERTS GORDON CAMPBELL EILEEN CARBERRY ANDREW CARTER ANTHEA CARTER DAVID CARTER JANICE CARTER JEAN CARTER MARIE CARTER NICHOLAS CARTER PEGGY CARTER SALLY CARTER SAMANTHA CARTER TONY CARTER WILLIAM CARTER JNR WILLIAM CARTER ANTHONY CHARLES PHILLIP CHARLES ROSLYN CRUICKSHANK RUTH DANE KENNY DANN PAULINE DELAUNEY TRACEY BROWN DOUGLAS DIXON KEVIN DIXON PAMELA DIXON RICHARD DIXON STANLEY DIXON BILLY DUPAK-MOORE KAY ELLA IRENE ELLIS ANNALISE FOSTER JUDY FOSTER LESLEY FOSTER

4 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 MATTHEW FOSTER NATALIE FOSTER PHYLLIS FOSTER CLIVE FREEMAN JNR JULIE FREEMAN MARKEETA FREEMAN COREY GREEN JASON GREEN TROY GREEN ADAM HAMPTON EILEEN HAMPTON ERIN HAMPTON NEVILLE HAMPTON JNR NEVILLE HAMPTON SNR SHANA HAMPTON WILLIAM HAMPTON ELIZABETH HOSKINS FIONA HYLAND KERRY JANSEN MARGARET JOHNSON JANICE KELLY KRISTIKA KUMAR-WILLIAMS ANGIE LONESBOROUGH NICKOLE LONESBOROUGH PHILLIP LONESBOROUGH PHILLIP LONGBOTTOM JOHN MARKS ROBYN MARKS BRYA MARTIN NATHAN MARTIN JAMES MCKENZIE ANGELINA MCLEOD ARTHUR MCLEOD BERNARD MCLEOD BRETT MCLEOD CAROLINE MCLEOD DALE MCLEOD DARREN MCLEOD DEAN J MCLEOD DONNA MCLEOD EILEEN MCLEOD ELAINE MCLEOD JNR ELAINE MCLEOD SNR GAVIN MCLEOD GRACE MCLEOD IAN B MCLEOD IAN K MCLEOD IRIS MCLEOD ISAAC MCLEOD JEFFREY MCLEOD KAYA MCLEOD KAYLENE MCLEOD KYLIE MCLEOD LESLIE MCLEOD MARK MCLEOD MATTHEW MCLEOD MAX MCLEOD JNR MAX MCLEOD SNR NATASHA MCLEOD PAUL MCLEOD PHILLIP MCLEOD RACHELLE MCLEOD RODERICK MCLEOD RONALD MCLEOD TRACEY MCLEOD TY MCLEOD VANESSA MCLEOD DARIAN MCLEOD-SHERIDAN COLIN TOM MOORE JULIE MOORE PETER MOORE THOMAS MOORE URSULA MOORE LESLIE MORGAN-ARDLER BELINDA MUNDY DENISE MUNDY ERROL MUNDY GLEN MUNDY JACQUELINE MUNDY JOEL MUNDY KEVIN MUNDY LUCINDA MUNDY MARK MUNDY MICHAEL MUNDY MONA MUNDY SANDRA MUNDY KIYA MUNDY-WILLIAMS NICOLE MUNDY-WILLIAMS NOELENE NUNN CATERINA PERRY-THOMAS SHARON PERRY-THOMAS ALISON RAATH EMMA RAATH

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 5 IMERA RAATH ANTHONY ROBERTS JNR CYRIL ROBERTS REUBEN ROBERTS TILLY SCOTT VICTOR SHARMAN MATTHEW SIMMS KAREN SIMPSON DOUGLAS STEWART HAROLD STEWART JENNIFER STEWART MAY STEWART NARELLE STEWART NORMAN STEWART PETER STEWART STEVEN STEWART WALTER STEWART DENNIS STEWART-GREEN DARREN STURGEON ELAINE STURGEON SHANE STURGEON TERRENCE STURGEON CINDY TALBOT CLIFFORD THOMAS MATTHEW THOMAS PETER THOMAS RONALD THOMAS SARAH THOMAS SHERESE THOMAS SONIA THOMAS DENNIS TOWERS JACQUELINE TRINDALL JOSEPH TURNER MELINDA TURNER SHARON TURNER DAVID VALE LACHLAN VALE AMBER WAINE DANIEL WAINE EBONY WAINE CHENOA WELLINGTON JEFFREY WELLINGTON KYLIE WELLINGTON LORETTA WELLINGTON MELINDA WELLINGTON MICHELLE WELLINGTON PAULA WELLINGTON SHANNON WELLINGTON DEBRA WENT DONYA WHADDY LANCE WHADDY LAURA WHADDY LYNETTE WHADDY ADRIAN WILLIAMS AMANDA WILLIAMS ARTHUR WILLIAMS DANIEL WILLIAMS DOUGLAS WILLIAMS JNR DOUGLAS WILLIAMS EMMA-JANE WILLIAMS FIONA WILLIAMS GLEN WILLIAMS GREG WILLIAMS JAMES WILLIAMS JEFFREY WILLIAMS JOSHUA WILLIAMS MELANIE WILLIAMS MICHAEL WILLIAMS MITCHUM WILLIAMS NORMA WILLIAMS PENNY WILLIAMS PRISCILLA WILLIAMS REBECCA WILLIAMS ROBERT WILLIAMS JNR ROBERT WILLIAMS SNR SHANE WILLIAMS SHANNON WILLIAMS SHARON WILLIAMS SHEENA WILLIAMS SONIA WILLIAMS STACEY WILLIAMS TAMMY WILLIAMS TANIA WILLIAMS TIMIKA WILLIAMS WENDY WILLIAMS LEE WILLIS-ARDLER BRUCE YUKE CORAL YUKE

6 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 Land Ownership/Management The establishment of the Council under the Land Grant Act allowed for the granting of inalienable freehold title to 403 hectares of land in the Jervis Bay Territory (JBT) to the Wreck Bay Aboriginal Community. This land has been solely managed by the Council since 1987. In the early 1990s the Council pursued further grants of land in the Jervis Bay Territory that included the then Jervis Bay National Park and Australian National Botanic Gardens (Jervis Bay Annex) and in 1995 amendments were made to the Land Grant Act and the Australian National Parks and Wildlife Conservation Act 1975 and in October 1995 the Council was granted title to both. The land grant included a marine component within Jervis Bay itself. The Council, prior to the land grant agreed to lease the Park to the Director of National Parks (Director) so a Memorandum of Lease between the Council and the Director was negotiated and signed. This lease is currently undergoing a review. In 1996 a Board of Management (Park Board) was established for the Jervis Bay National Park (Park) and Botanic Gardens (Park) with Wreck Bay Community representatives occupying 5 of the 9 positions and in 1997 the name of the Park was changed to Booderee National Park to reflect Aboriginal ownership. The current Park Board has 12 members with Wreck Bay Community representatives occupying 7 of those positions. Wreck Bay Community representatives are elected from the Wreck Bay Board. In total the area of land and water owned by the Council in the Jervis Bay Territory is approximately 68 square kilometres which is about 90% of the land. The remaining land in the JBT is managed by the Department of Regional Australia.

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 7 Functions Under the Land Grant Act the Council has a number of functions which fall into the main categories of land holding and management, provision of community services for its members and business enterprises. The Council subject to and in accordance with the Act is to hold title to Aboriginal Land and exercise for the benefit of the members of the Community, the Council’s powers as owner of Aboriginal Land and of any other land owned by the Council. The Council can also make representations to the Minister in relation to land that the Council considers should become Aboriginal Land. Community service type functions include and in consultation with the Minister, to consider and, where practicable, take action for the benefit of the Community in relation to the housing, social welfare, education, training or health needs of the members of the Community, to provide community services to members of the Community. Other functions are to protect and conserve natural and cultural sites on Aboriginal land, to engage in land use planning in relation to Aboriginal land and to manage and maintain Aboriginal land as well as to conduct business enterprises for the economic or social benefit of the Community and any such functions that are conferred on it by a provision of the Act, and any functions relating to the Community conferred on the Council by the regulations.

8 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 Wreck Bay Village The Wreck Bay Village is situated within the boundaries of the 403 hectares of the 1986 land grant in the Jervis Bay Territory. It is located on the South Coast of New South Wales (NSW) approximately 2.5 hours drive south of Sydney and three hours drive north east of Canberra. The JBT is a non-self governing Commonwealth Territory, which is administered by the Department of Regional Australia. The village has 48 houses and has a population which generally fluctuates between 215 and 230 people. The facilities in Wreck Bay include an Administration Office, Community Hall, Children’s Day-care Centre, bus shelter, fire-shed and a newly built Health Clinic. Other facilities in the Village include a child’s playground, Memorial Garden, tennis court and two common areas which are mainly used as children’s play areas.

Wreck Bay Community The Wreck Bay Community are the recognised owners of the land on the Bherwerre Peninsula and can be defined as those who are registered members of the Wreck Bay Aboriginal Community Council and their families the majority of which live in the Wreck Bay Village, Jervis Bay Village and the towns and villages in the Shoalhaven. Other members also live intrastate and interstate.

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 9 Timeline Wreck Bay Aboriginal Community Council

Always Since time, Koori people have always used Bherwerre because of its rich diversity. It has always been a place of great significance to our people because of its unique location and its abundance of foods and medicines. It has provided us with an area where we can continue to pass on our traditional knowledge. 1800s early Europeans are given estates on the South Coast of New South Wales which started the dispossession of land from the local Aboriginal people.

1830–1840 Local Aboriginal people listed in the record for distribution of blankets and rations.

1880s Aboriginal reserves established on the South Coast due to the dispossession of traditional lands.

1912 Naval College established at Jervis Bay.

1915 Commonwealth acquires the Bherwerre Peninsula, which becomes a part of the Australian Capital Territory. Efforts were made at that stage to relocate the Aboriginal Community at Wreck Bay.

1924 First school built at Wreck Bay.

1925 Aboriginal Protection Board of New South Wales accepts the Commonwealth offer to administer the Wreck Bay ‘reserve’ under the provision of the New South Wales Aboriginal Protection Act 1909. First manager appointed.

1929–1949 Fish Protection Ordinance 1929–1949 has a provision that excludes Aboriginal residents of the Territory from paying fishing license fees. Aboriginal initiative to establish a fishing industry in the region.

1930s First houses built on the reserve

1940 Aboriginal Protection Act 1940 reflects shift from protectionism to assimilation policies in New South Wales. Aboriginal people issued with ‘dog tags’. Cultural expression continued to be outlawed to fit in with the assimilation policy of the day.

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 11 1952 The boundary of the Wreck Bay Reserve marked out by Bob Brown, Archie Moore and Reg McLeod.

1954 Wreck Bay Reserve is gazetted under the provisions of the Aborigines. Welfare Ordinance Australian Capital Territory. Provision of the Aborigines Protection Act of New South Wales no longer applies.

1965 Aborigines Welfare Ordinance Australian Capital Territory is repealed, thus effecting the transfer of the ‘reserve’; from the Aborigines Welfare Board to the Commonwealth Department of Interior. At the same time, the reserve was abolished and declared an ‘open village’. Assimilation policy of the day brought about attempts to house non-Aboriginals at Wreck Bay, which the Community opposed. Efforts were made to relocate the Community once again. Wreck Bay School was moved to Jervis Bay.

1965–1966 Wreck Bay Progress Association formed to counter the open village status and to secure land tenure, thus securing the community’s future.

1971 Proclamation under the Public Park Ordinance (Australian Capital Territory) of the Jervis Bay Nature Reserve over the majority of the Territory including the non residential land of the reserve.

1973–1974 The Wreck Bay Housing Company and the Wreck Bay Women’s Committee formed. Land Rights issues were the main issues for discussion between the Community and the Government.

1979 Blockade of the Summercloud Bay Road, which prevents the general public of access to the Summercloud Bay day visitor area. This action was taken as a result of the land ownership issue.

1985 Announcement by the Prime Minister of plans to transfer the Fleet Base and Armaments depot to Jervis Bay. The Wreck Bay people opposed this decision because of the impact to the Cultural and Natural environment of the region. The land rights movement accelerates.

1986 The Aboriginal Land Grant (Jervis Bay Territory) Act 1986 enacted.

1987 The Wreck Bay Community secure land tenure of 403 hectares of land via the Aboriginal Land Grant (Jervis Bay Territory) Act 1986 and the Wreck Bay Aboriginal Community Council is established.

1991 Public announcement of the Jervis Bay National Park is made.

1992 The Jervis Bay National Park is declared replacing the Jervis Bay Nature Reserve. The Wreck Bay Community is offered 2 positions on a Board of Management of the newly declared Park. The offer is rejected.

1993 Commonwealth announces that the armaments depot will be built in Victoria. The Native Title Act 1993 is enacted.

12 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 1994 The Commonwealth Ministers for Aboriginal & Torres Strait Islander Affairs and the Environment announce intention of a land grant of the Jervis Bay National Park to the Wreck Bay Aboriginal Community. Amendments to the Aboriginal Land Grant (Jervis Bay Territory) Act 1986 and the Australian National Parks & Wildlife Service Act 1975 to facilitate land grant.

1995 Amendments passed in both houses of Parliament and the Wreck Bay Aboriginal Community Council is granted freehold title to Jervis Bay National Park. Park leased back to the Director of National Parks.

1996 The Jervis Bay National Park Board of Management is established which has a majority of Wreck Bay Community representatives on the Board. For the first time the Wreck Bay people have a real say on how traditional lands are managed.

1997 The Wreck Bay Aboriginal Community Council lodges a land claim for the remaining areas in the Jervis Bay Territory, which is not Aboriginal Land.

1998 To reflect Aboriginal ownership the Jervis Bay National Park is changed to Booderee National Park.

1999 Wreck Bay Enterprises Limited is established.

2000 Interdepartmental Committee is established to look at a number of issues in Jervis Bay Territory including the Wreck Bay land claim.

2002 WBACC renegotiate Lease of Booderee National Park with Director of National Parks. WBACC commences financial support for trainees in Booderee National Park. Management Plan for Booderee National Park finalised.

2003 March: WBACC and Wreck Bay Enterprises Limited register Certified Agreement.

Wreck Bay Health Clinic commences operation in new building.

Amendments to legislation (Aboriginal Land Grant Act) for quorum of community meeting.

Park Board membership increased from 10 to 12 with the Wreck Bay Community providing 7 of the 12 Board Members.

December: Bushfires cause major damage to Booderee National Park

November: Changes to the Aboriginal Land Grant passed in Parliament.

2004 March: Work on new subdivision in Wreck Bay Village commences.

March: WBACC signs contract with Government to become Centrelink Agent and Access point.

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 13 2005 Work commenced on seven new houses that are funded through the National Aboriginal Health Strategy program

May: WBACC signs Shared Responsibility Agreement (Housing) with the Queanbeyan ICC

June: Five of the seven families move in new houses.

2006 January: Review commenced on Wreck Bay Aboriginal Community Council Strategic Plan.

2007 January: Minister seeks review of the Aboriginal Land Grant (JBT) Act 1986.

June: Review of the Aboriginal Land Grant (JBT) Act 1986 completed and report provided to the Office of Indigenous Policy Co-ordination.

December: Change of Government, new Minister is appointed.

2008 February: Board approves Rent/Lease document and tenants commence signing leases.

June: Funding is approved by the Government to build a new Childcare Centre in Wreck Bay Village.

2009 Work commenced on the new Gudjahgahmiamia Childcare Centre.

2010 New Gudjahgahmiamia early education (Day-Care) building completed.

14 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 15 Board Members

– Paul McLeod 17 – Craig Ardler 18 – Joseph Brown-McLeod 18 – Julie Freeman 19 – James McKenzie 19 – Harold Stewart 20 – Jennifer Stewart 20 – Annette Brown 21 – Clive Freeman 21 – Todd Roberts 22 – Darren Sturgeon 22 – Board Meetings 1st July 2010 to 30th June 2011 23

16 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 Wreck Bay Aboriginal Community Council

Paul McLeod Chairman of WBACC to October 2010 Non-Executive Director Chair, Booderee National Park Board of Management

Paul was raised at Wreck Bay Aboriginal Community and has lived in the local area all his life. He was part of the team which negotiated hand back of the land within Jervis Bay Territory plus the initial set up of joint management arrangements between the Director and the Community over Booderee National Park which commenced in 1995. He has been a member of the Wreck Bay boards since the 1980s. Paul has a custodial relationship with lands in the broader region including Tomikan and Wandanian, Monaro/Ngargo, and Jaithmathang. As such he plays a significant role in the Australian Alps Traditional Owner Reference Group, and NSW DEC Cultural Heritage Reference Group. He has been employed by the Jervis Bay Marine Park Authority, providing advice and liaison for setting up the Jervis Bay and Batemans Bay Marine Parks. Paul is a great advocate for maintaining links with Country through knowledge of traditional dance, song and teachings.

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 17 Craig Ardler Deputy Chairman of WBACC to October 2010 and Chairman from October 2010 to present Non-Executive director Employed as a Public Servant within the Australian Federal Government, Department of Environment, Water, Heritage and the Arts Member of WBACC Audit Committee Member of the Booderee National Park Board of Management Has been elected to WBACC Executive on a number of occasions since 1989 Previous ATSIC Regional Councillor Previous member of the South Coast Aboriginal Medical Service Board

Craig has a wealth of experience with management and policy development with several organisations; he is employed as a Legal and Education officer with the Department of Environment, Water, Heritage and the Arts. He is passionate about the future of Wreck Bay and promotes sustainable development whilst protecting cultural values.

Joseph Brown-McLeod Executive board member since November 2006 to October 2010 and Deputy Chairman from October to present Non-executive director Member of the Booderee National Park Board of Management Employed with the Wreck Bay Aboriginal Community Council as a Family Support Worker Joseph was raised in Wreck Bay and has lived in the region all his life. He is passionate about cultural values, respect and identity in today’s society as a young Koori man Joseph has an understanding and passion for tourism and is a member of the Indigenous dance group, ‘Doonooch’. Joseph has toured around the world with the dance group and brings those world views back to Wreck Bay to assist with its future tourism enterprises.

18 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 Julie Freeman Executive board member since October 1991 to present Non-executive director Member of the Booderee National Park Board of Management Employed as a Public Servant within the Australian Federal Government, Department of Environment, Heritage and the Arts

Julie is employed at Booderee National Park as an Interpretations officer. This is a role with responsibilities to both the Park and to the community. Julie’s ability to interpret culturally appropriate stories and Park information to the public is widely recognised. She brings the cultural sensitivity and appropriateness to the Board to consider with all negotiations and opportunities.

James McKenzie Executive board member since October 2006 to present Non-executive director Executive member of the WBACC Cultural heritage Reference Group Sub-Committee Member of the Booderee National Park Board of Management Employed as weed control and Cultural Sites Officer, Wreck Bay Enterprises Limited

James has worked in many roles throughout the community and is passionate about community development in a culturally sensible and sensitive manner. His experience working as the Cultural Sites Officer brings valuable information to both the Wreck Bay Executive Board plus the Booderee National Park Board to which he is a member.

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 19 Harold Stewart Executive board member since November 2006 to October 2010 Non-executive director Member of the Booderee National Park Board of Management Previous Board member of the Aboriginal Medical Service and a member of the steering committee for circuit sentencing within the Jervis Bay Territory Retired

Harold is a respected Elder of the community who has lived and worked away from the community on many community development programs such as the Indigenous housing estate within the Shoalhaven district at Browns flat plus other projects at Bega. He brings to the Board a focus on community services and facilities that all Australians should enjoy.

Jennifer Stewart Executive board member since October 2008 to present Non-Executive director Chairman of the WBACC Cultural Heritage Reference group sub-committee Member of the Booderee National Park Board of Management Previously employed as a public servant for 15 years

Jennifer has relevant experience gained working for other Indigenous organisations throughout Australia. She has returned to the community to share her experience to assist Wreck Bay with its future development into tourism and other enterprises.

20 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 Annette Brown Chair WBACC Nov1998–Nov 2002 Board Member WBACC Oct 1997–Nov 1998, Nov 2006–Oct 2008 & Oct 2010–Current

Annette has been involved with both the Board and Administration of the Council for many years and have made a commitment to advance the Community in the areas of governance, land management and community services whilst protecting the unique arrangements within our community.

Clive Freeman Executive board member since October 2010

Born in Yuin country, Clive has dedicated his life to the conservation of the world’s oldest surviving culture. As an Aboriginal scientist he has combined an understanding of the arts and culture with a deep conservation ethic to enrich caring for country in both natural and cultural heritage management. Clive is a small business owner and has over the past 10 years worked throughout the Federal and State Governments on biodiversity and cultural heritage conservation. This lived experience will guide Clive to better develop and deliver services to both country and its people.

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 21 Todd Roberts Executive board member since October 2010 to present. Executive member of WBACC Employed as Roads Supervisor for WBACC

Todd is a new member of the WBACC and has previously work in and around the Nowra area for over 11 years and returning to his birth place Wreck Bay where he has been employed for the past 11 years with the WBACC. He is passionate about the future of Wreck Bay and its cultural values while helping with development of our younger generation.

Darren Sturgeon Executive board member since October 2010 to present. Non-executive board member. Member of the Booderee National Park Board of Management. Employed as roads supervisor for WBACC.

Darren has worked casual for WBACC since 1992 until he was placed in full time employment in February 2001 with Wreck Bay Enterprises. Darren is now employed with the WBACC in the role of roads and fire trails supervisor as part of the WBACC service level agreement with BNP as well as various other contracts such as the SLA with SERCO SODEXHO. Darren is passionate about all issues regarding Wreck Bay and the community and his aim is for the WBACC and the community to achieve sole management.

22 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 Board Meetings 1st July 2010 to 30th June 2011 July 2010 to October 2010 Meetings Meetings Percentage Name Position Held Held Attended Attended Paul McLeod Chairman 3 3 100 Craig Ardler Deputy Chair 3 2 67 Vacant Secretary Joseph Brown Director 3 0 0 Julie Freeman Director 3 3 100 James McKenzie Director 3 1 33 vacant Director Harold Stewart Director 3 3 100 Jennifer Stewart Director 3 3 100 October 2010 to June 30th 2011 Craig Ardler Chairman 5 5 100 Joseph Brown Deputy Chair 5 2 40 Annette Brown Secretary 5 4 80 Julie Freeman Director 5 5 100 Jennifer Stewart Director 5 3 60 James McKenzie Director 5 3 60 Clive Freeman Director 5 4 80 Todd Roberts Director 5 3 60 Darren Sturgeon Director 5 4 80

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 23 WBACC Report

Chairman’s Report 25 – The year in retrospect 25 – Governance 25 – Community Service 26 – Land Management 27 – Challenges moving forward 28 Chief Executive Officer’s report 29 – Funding Grants and other income 29 – Subsidiary Companies and Contracts 30 – Further Operational Activities with the Community 30 – Compliance 31 – The Future 31 Organisational chart 33 Operations 34 – Program Outcome Statement 34 – Performance reporting 34 – Administration 35 – Governance 36 – Commonwealth Disability Strategy 36 – Land Matters 37 – Environmental Impact Management 38 – Occupational Health And Safety 39 – Community Programs 40 – Community Liaison Function 41 – Training 41 – Centrelink Agency 41 – Jervis Bay Territory Networking 42 – General Meetings of the WBACC 42 – Audit Committee 43 24 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 Chairman’s Report

Dear Members With pleasure I present to you our report for the 2010–2011 financial year.

The year in retrospect The Community conducted its annual general meeting during October 2010 during which all positions were declared vacant. The elections resulted in four new board members along with five re-elected board members forming the executive for the next two years operation of the council. The executive has many opportunities to develop during its Craig Ardler term in office plus responsibility to ensure the community is Chairman WBACC progressing towards well defined long term goals. We thank the previous board members for their commitment to the community and the many initiatives that were promoted and advanced during the past years. As the community has embraced a portfolio based structure it is relevant to base this report against those portfolios.

Governance The governance portfolio has responsibility for grant control and reporting, policy development, community liaison, financial reporting, annual reports, by-laws, human resources plus Wreck Bay and Booderee Board participation. The Wreck Bay board continues to meet regularly (monthly when possible) plus members attend meetings on behalf of the community including Booderee management meetings, audit committee meetings plus sub-committee meetings and meetings arranged to develop strategy and long term outcomes for the community. The board is well supported by the WBACC Administration team. Policy and by-law development and implementation is an ongoing project for the community as it develops, grows and evolves. Financial reporting and statutory reporting has been gradually improved each year to ensure the community meets its statutory obligations on time.

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 25 The WBACC administration is currently developing a new enterprise agreement with consultation with its employees and is confident that salary sacrifice benefits will bea benefit to be offered to all employees. Compliance is well understood by the board and staff so I am happy to confirm ongoing improvements with reporting and compliance responsibilities from the Council.

Community Service The Community Service portfolio has responsibility towards housing, education, health, early childhood and recreation activities within the community. Housing, being a building block for a healthy community, needs improvement. The community is working with the Commonwealth to develop positive housing outcomes. I am confident housing will be improved with sustainable outcomes developed. Education is another building block and it is pleasing to see so many of our Indigenous youth now successfully remaining at high school and then progressing further into tertiary or fulltime TAFE education. Education starts at birth therefore the Gudjahgahmiamia early childhood centre plays a pivotal role in preparing our children firstly to thrive and develop as toddlers but then as future leaders of the community. It is also pleasing to note the high national ratings the Jervis Bay primary school is achieving plus the work all areas of educators are cooperatively working on to ensure our children have a smooth transition through all levels of development and education. Despite receiving substantial funding towards the early education centre and the development and implementation of a reasonable fee structure, the centre is still well underfunded. The community currently injects additional funding into the centre to ensure its sustainability. The community was successful in obtaining funding to provide for two Indigenous traineeships for the centre—an important capacity building initiative for the future of the centre. The early childhood centre provides a lot more opportunity than child minding, the centre adopts national early childhood education programs to ensure the children develop many skills. The centre also provides a safe learning place for the children whilst providing an opportunity for parents to either participate within the centre or pursue their own education and employment outcomes. Health services are provided to the community through the South Coast Illawarra health service, Nowra Aboriginal Medical Service and various non-government service providers. The community is not immune to the many chronic illnesses that affect Indigenous people therefore the community is continuously investigating, developing and participating in health and wellness programs and strategies to improve health outcomes. Recreation facilities. The community being located on the coast with our people being traditional fishing people has meant that most recreation activities have centered around the beaches however other recreation and engagement options are sought by the community, in particular the youth therefore the Board will continue to seek and develop options for additional recreation facilities.

26 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 The Plan of Management (POM) is almost finalised and establishes a framework for how our Park lands will be managed for the next 10 years. The POM is a combination of much input from community members and other key stakeholders, its success will be measured on how the Park is managed in 10 years time and what innovation has been established under the Plans guidance. I am confident that the new plan will serve our interests well. Thank you to all who contributed towards the new plan.

Land Management The land management portfolio has responsibilities for cultural heritage, land planning, horticultural services, ground maintenance, cleaning services and weed/feral animal controls. Cultural heritage is embedded in all who we are and what we do plus our connections to the land and sea therefore our culture is intrinsically bound to the land management of our lands. The community has a number of avenues to express their connection including everyday living, community planning, cultural interpretations, the junior ranger program plus its involvement with Booderee National Park and development of its home lands. The community has successfully incorporated cultural heritage into its outcome based funding proposals and has employed a cultural heritage project manager to oversee and establish a range of policies and processes to safeguard the cultural heritage values and sites within the community owned lands. Demand for housing blocks within the community is high with limited blocks available therefore to satisfy a growing demand the community will need to assess suitable land for additional housing blocks. . Horticultural services, Ground maintenance and cleaning services are provided on a fee for service basis to the Director of National Parks, the community council and Territory administration. The service provided to the Park and community is completed under a service level agreement whereas the work contracted from the territory administration is seasonal and opportunistic. The community employs a fulltime weed and site protection manager with the main weed targeted being Bitou bush which is a weed of National importance. The weed was introduced into the Park as a means of stabilising sand dunes however has spread and is now considered a major problem as it competes with native flora from the same area. This year the community has expanded its management options of the weed by contracting some aerial spraying of the weed. The aerial spray program will be complemented with additional on the ground control methods.

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 27 Challenges moving forward Once again the community was saddened to farewell some prominent Indigenous members and leaders during the year. The community is resilient however resilience is tested when members are lost to illness that should be preventable. On a positive note congratulations to all those mums and dads who have welcomed new offspring into their families during the past twelve months. The Council has continued to support many community members and their families through support programs such as sport, bond and educational grants that are resourced through community funding. We aim to continue this initiative provided that funds are still available. The community is in a position to accept many positive initiatives during the next year and beyond therefore as a Board we are in exciting times. The community will have to embrace changes however strategic decisions taken now will establish a positive platform for community development for many years ahead. The WBACC is a Commonwealth Authority and as such has responsibilities defined both under our legislation to the registered members plus the Commonwealth and Companies Act (CAC Act). As Directors under the legislation we would not be able to adequately fulfil our responsibilities without the cooperation from the staff from the Council therefore it is imperative that as Directors we firstly understand our role and responsibility and secondly that we support and work together with the senior staff of our organisations—I thank them on behalf of the Executive Board for their assistance and diligence during the year. Our CEO Chris decided not to negotiate an extension to the initial three year contract therefore a recruitment process to recruit a replacement for Chris commenced during March 2011 and concluded in June 2011. We welcome Mal Hansen to the position as the CEO and wish him many years of successful work with the community; we also thank Chris for the diligence and commitments he made towards the community. Finally I thank and acknowledge the wonderful continued support given to the community from the staff and various service providers and Booderee National Park—without your support we would not be the strong community that we are today.

28 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 Chief Executive Officer’s Report

Following years of consolidation, focus and restructure; the community is now entering a substantial period of opportunity. There are and will be many opportunities presented to the community within the next twelve months to address many long standing issues; together with building upon the tremendous opportunity that Booderee National Park offers to create, amongst other areas, economic outcomes.

Funding Grants and other income Grants were received during the year from the Department Chris Moon of Families, Housing, Community Services and Indigenous Affairs (FaHCSIA) for the Administration and Management of CEO WBACC the Wreck Bay Aboriginal Community Council (WBACC); plus from the Department of Employment, Education and Workplace Relations (DEEWR) for the operation of the Wreck Bay Gudjahgahmiamia early education day-care centre under the Multi Aboriginal Community Service (MACS) scheme. Wreck Bay received some funds from the Department of Regional Services for housing and land council outcomes plus contracts to provide some services under a local government obligation. Wreck Bay also receives a small income from operating a Centrelink agency within the community. Wreck Bay has strived to maintain fruitful partnerships with our funding bodies; recognising the importance of targeting outcomes that are consistent with the grant organisations aims plus the National ‘Closing the Gap’ initiatives. Wreck Bay receives an annual lease payment from the Director of National Parks and a share of entry and camping fees from Booderee National Park; these funds are used to top-up any short falls in grant funding plus for a range of services, programs and outcomes that are not otherwise funded. The income from gate takings and camping fees has steadily risen over the past few years as the park’s visitation and profile has increased. Booderee National Park continues to be recognised as a unique and desirable destination; it receiving the prestigious International Virgin Indigenous Tourism Award for 2010–11; recognising its contribution towards the development and support for Indigenous owners of the park.

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 29 Subsidiary Companies and Contracts Wreck Bay Enterprises Limited (“WBEL”) was officially amalgamated back under the WBACC structure during 2010–2011. The main function of the entity was to provide service for fees to the Director of National Parks plus for the community, Territory administration and other service organisations. The organisation again reinforced its aim to maximise the employment opportunities for community members whilst containing cost within budget. The new WBACC structure based on portfolio management has been designed to promote community engagement and transparency. The community entered into a long term lease arrangement with the Director of National Parks (until 2094). The Park lease can be reviewed each 5 years. The community entered into a review/negotiation phase with the Director during 2008; with the community seeking a range of better conditions and outcomes. During the negotiation and review process with the Director, the community realised that some of the original commitments made by the Commonwealth to the people of Wreck Bay to originally enter into a long term lease arrangement need to be taken back to the Commonwealth Government and were no longer reasonably the responsibility of the Director of National Parks; unless he is adequately resourced to fulfil the commitments. Our relationship with the Director is positive and joint management continues to provide positive outcomes to the community. The original commitments are mentioned later within this report. A new Plan of Management is currently being negotiated and developed and should be endorsed, hopefully, in early 2012. The new plan of management should then confirm cultural significance of the land to the people of Wreck Bay plus allow many activities and business opportunities that are important to the long term aspirations of the Wreck Bay members.

Further Operational Activities with the Community Wreck Bay community continues to demonstrate positive attributes with an emphasis on community development and provision of services within the community. The housing situation is a major issue and concern for the community that will need to be resolved. The community has issues with insufficient housing, overcrowding, poor quality construction, asbestos, lack of available funds for remedial work and consensus on a clear pathway to move forward. To that end, the Minister for Indigenous Affairs has offered the community a solution in line with current National policy; however, at this juncture, Wreck Bay is not comfortable with the options presented; albeit recognising housing is a critical factor in ‘closing the gap’ between indigenous and non-indigenous people and, hence, appreciates that a workable solution to the community housing situation is fundamental for future community well being. It is envisaged that further and substantial negotiations will take place shortly relating to this vital matter. Tourism remains one of the major opportunities for the community to establish; either individual tourism products or community owned tourism enterprises. The Park has recorded visitations of over 400,000 per annum during the past few years and to compliment the high visitation, several community members have establishing business enterprises to provide service and Indigenous tourism products to cater for the visitors to the Park. The

30 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 Community established a business support policy with funding being supplied from non- grant funding and the aim is to support members who have established a viable business with a small grant to assist with setup cost such as insurance, registration or professional support. Five such members received support during the 2010–2011 year. Wreck Bay community has good levels of fulltime employment; however there are still members who seek fulltime employment, preferably within the Jervis Bay Territory. The Shoalhaven region that adjoins the Jervis Bay Territory has one of the highest unemployment rates of any area within New South Wales. The community recognises the importance of education and has established a scholarship scheme to members, offering two annual scholarships to members who are completing fulltime post secondary school qualifications. The community received three applications for scholarships during the year so decided to increase its budget for this initiative and award each applicant a scholarship. The community understands that more Indigenous students are completing Year 12 High school education and then entering into fulltime tertiary or TAFE facilities; therefore appreciates demand for scholarships will increase. The community, recognising the importance of education, will continue with the scholarship program and when our ability to fund scholarships increases then it is likely that they will also be increased.

Compliance Wreck Bay Aboriginal Community Council, being a Commonwealth Authority, has compliance requirements that are taken seriously for obvious reasons. In relation to Commonwealth Fraud Control Guidelines, I report that during this reporting period, no evidence was found of any fraud within the organisation. I believe that adequate measures are in place to ensure that Fraud is minimised however we are also actively working to review and improve our processes and accountability to ensure that fraud doesn’t eventuate. In a situation where fraud is discovered we will report it, as required, to the Australian Institute of Criminology per their guideline 1.16 and seek the prosecution of offenders, accordingly.

The Future The future of Wreck Bay will always be positive with both challenges and opportunities being presented. The community has demonstrated enormous strength of character with an ability to move through difficult challenges to embrace change. I am confident that Wreck Bay community, a unique community in a special location, will be a feature of future Indigenous success. Our sincere thanks are expressed to the various funding departments and support networks who support us and who have placed faith in us by confirming funding and/or services for the next year and beyond. We are, again, looking forward to building on the productive and positive relationships with all out partners. This is my last report for the Wreck Bay Community and I have moved onto a different challenge, and I have been priviledged to have worked with the Wreck Bay Council and I wish you all well with your future endeavours. My impression is that you have tremendous

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 31 opportunities to develop and explore. I remind you of the NAIDOC theme for this year— ‘Change—the next step is ours’ - the theme is all about taking responsibility for your future.

32 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 Organisational Chart

Council

Board

CEO

WBACC Contract Admin Services

Operations Operations

Daycare

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 33 WBACC Operations Report

Program Outcome Statement Wreck Bay Aboriginal Community Council (WBACC) does not receive annual appropriations; but applied for and received an annual grant under the program ‘Advancement of Rights to Land and Sea’ (ARLS). The grant is funded and managed through the Department of Families, Housing, Community Services and Indigenous Affairs (FaHCSIA) The program outcomes and objectives for the 2010–2011 year were to, Recognise the rights of Indigenous people to their lands and waters; and Provide effective governance and delivery of services by Indigenous organisations established under the Aboriginal Land Grant (Jervis Bay Territory) Act 1986 through: hh Provision of effective administration support to the WBACC Board by ensuring the smooth running of the WBACC office and Community facilities and provision of secretariat support to the WBACC Board; hh Ensure community services are delivered in accordance with agreed standards; hh Contribute to the development and implementation of the staff training strategy; and hh Manage the Service Level Agreement with Wreck Bay Enterprise Limited (WBEL) to ensure land management activities are conducted as per the agreement.

Performance reporting Wreck Bay Aboriginal Community Council has a diverse range of functions to perform within its Land Grant Act. The community invests funds obtained from the lease of its lands to the Director of National Parks into areas of funding shortfall and into programs that enhance the lives and opportunities of all registered members of the WBACC. The following is a brief summary of the outcomes/output that the community achieves using a blend of government grant funds and its own resources. The outcomes are split into areas of Administration, Governance, Commonwealth Disability Strategy, Land management, Community Services, Community Liaison plus other matters.

34 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 Administration The Council employs 32 permanent staff overall plus casuals during the year when the need arises. The Council Administration has five staff including a Chief Executive Officer, a Chief Financial Officer, General Manager plus two clerical support staff. The Gudjahgahmiamia Early Education centre employs eight staff including a Director, two team leaders, two assistants, two trainees and one bus driver/handyman. The Council also employs a Family Support worker The Council is funded from a number of sources including the Department of Family, Housing, Community Services and Indigenous Affairs for the purposes of Administration and Land management, Department of Education, Employment and Workplace Relations for the Early Education centre, Department of ACT Family Services for the Family Support Worker, Department of Human Services for the Centrelink Agent/Access Point facility, Department of Regional Australia provides funding for the purpose of Local Government, Land Council and Housing and the Department of Environment and Heritage for a Community Liaison function for the Joint Management of Booderee National Park. A key role of the Council Administration is to assist the Board in meeting its statutory requirements and to maintain and where possible strengthen the existing partnerships and where opportunities arise develop new partnerships with agencies that are able to support the Council in achieving outcomes for the Community. The WBACC continues to provide a number of services to the Community. These services can range from direct assistance to referral advice. Assistance provided during the year includes: hh Early Education/Child Care Centre hh Casual employment opportunities hh Office service facilities including internet access hh Postal service hh Support for Education and Sport including scholarships hh Employment traineeships hh Support for health services hh Provision of housing including bond assistance hh Children school holiday recreation programs hh Organising community functions hh Advocacy service hh Centrelink Agency.

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 35 Governance Executive meetings are scheduled for the third Monday of each month plus extra meetings as necessary. The Executive Board met officially eight times during the past year. Joint Management meetings of Booderee National Park were held in October, November, January, February, May and June during the past year as a new ten year plan of management is being finalised to guide the management of the Park. An Executive Sub-Committee (land Management/Cultural Heritage) met a number of times during the year to provide input into Cultural and Natural heritage chapters of the new Plan of Management. Two further sub-committees have been promoted but are yet to be operational. The two additional sub-committees will operate under portfolios of Community Service and Governance with the Community Service sub-committee having responsibility for health, education, early childhood programs, housing, youth & sport programs, drug and alcohol programs, family support services plus aged and home care services. The Governance sub-committee will focus on policy development and implementation, by-laws and strategic planning. Governance training was provided to all executive and senior staff during the year and this will be extended to all participants of sub-committees and interested community members. OH&S policy has been developed and adopted, the OH&S committee have met on a regular basis to identify and address issues. The Gudjahgahmiamia early education centre moved into new premises during 2010 that alleviated many potential OH&S hazards for that department. An Audit committee is established per CAC Act and is meeting regularly. The community invests most of its revenue obtained from the leasing of Booderee National Park to the Director of National Parks into community services and programs that are not currently funded through existing grants and partnerships. The role of the Audit committee is therefore seen as a dual role to both report against government funding sources plus to ensure that community investment is targeted and appropriate. Community liaison meetings held with WBACC & BNP are held regularly. Community liaison is an important function to both the community and Park management. The community owns the Park land and leases to the Director of National Parks, it therefore has a vested interest in how the Park is managed for future generations. The role of the meetings is also critically important to the Park management to transfer information through the WBACC administration back to the community members and to obtain information from the community perspective to enhance critical decision making within the Park. The Annual General meeting for the WBACC was held on 24 October, 2010. Sixty one members were in attendance.

Commonwealth Disability Strategy Since 1994, Commonwealth departments and agencies have reported on their performance as policy adviser, purchaser, employer, regulator and provider under the Commonwealth Disability Strategy. In 2007–08, reporting on the employer role was transferred to the Australian Public Service Commission’s State of the Service Report and the APS Statistical

36 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 Bulletin. These reports are available at www.apsc.gov.au. From 2010–11, departments and agencies are no longer required to report on these functions. The Commonwealth Disability Strategy has been overtaken by a new National Disability Strategy which sets out a ten year national policy framework for improving life for Australians with disability, their families and carers. A high level report to track progress for people with disability at a national level will be produced by the Standing Council on Community, Housing and Disability Services to the Council of Australian Governments and will be available at www.fahcsia.gov.au. The Social Inclusion Measurement and Reporting Strategy agreed by the Government in December 2009 will also include some reporting on disability matters in its regular How Australia is Faring report and, if appropriate, in strategic change indicators in agency Annual Reports. More detail on social inclusion can be found at www.socialinclusion.gov.au.

Land Matters Unsealed roads and walking tracks within the 403 hectares were maintained during the year. Community access to land and sea is an important social and cultural requirement within Wreck Bay. The Wreck Bay people are traditional fishermen and many of their traditional fishing areas and cultural sites are accessed from within the Wreck Bay 403 hectares. The work involved in maintaining the roads and tracts is contracted to Wreck Bay Enterprise Limited, a wholly owned subsidiary of the WBACC thereby providing critical employment in an area of traditional high unemployment. Bitou bush eradication program is continuing with positive results. Bitou bush is a weed of National significance; it was introduced to Jervis Bay Territory to stabilise sand dunes and has spread throughout the coastal areas of the Park and community land. It grows aggressively and competes with plants that provide traditional sources of bush tucker and/or are used for cultural practices. It is important to the community that this weed is controlled within their lands. This control program employs one fulltime employee with potential subject to funding to employ more. The community is investigating training programs such as Greencorp to endeavour to conduct an intensive weed eradication program targeting Bitou bush. Sea Spurge is another infestation that is being tackled as funding is available. The funding is not a direct grant into the Jervis Bay Territory. It is allocated throughout the NSW coastline and we obtain funding indirectly through the Shoalhaven Council and the Booderee National Park. The community has several residential properties located on sand dunes overlooking Summercloud Bay that were protected with retaining walls when initially constructed. Many of the original retaining walls are in need of replacement. The community has the personnel to complete the work but not the funds therefore as funding is available, this work will be completed thus providing both training and employment for Indigenous employees within the Communities enterprise. Various pine rail access barriers within the community are in need of replacement and these will be completed during 2011–2012.

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 37 Wreck Bay is located within a high risk bush fire zone, the importance of having and maintaining a well trained organised bush fire team is understood. The community has its own bush fire facility that is attached to and supported by the NSW Rural Bush Fire Service.

Environmental Impact Management Environmental sustainability:- Section 516A of the Environment Protection and Biodiversity Conservation Act 1999 (Cth) (EPBC Act) requires Australian Government organisations to detail their environmental performance and contribution to Ecologically Sustainable Development (ESD). The following provides an overview of Council’s environmental activities and operations in relation to Section 516A of the EPBC Act.

ESD Reporting Requirement:- hh How Council’s activities accord with the principles of ecologically sustainable development. Council’s response: Council will be, in 2011, issuing an updated environmental policy (subject to funding) outlining measures to improve its ecological sustainability. The policy will be reviewed every two years. The Council’s environmental risks are managed at the project, program and portfolio level and will be contained within the proposed policy. Council will also maintain an Environmental Legal and Other Requirements Register. Further, Environmental Management System (EMS) audits will be conducted by the Council’s Internal Auditor every two years; with the next audit proposed in 2011–12. hh Outcomes contributing to ecologically sustainable development. Council’s response: Council’s proposed Environmental Management Program will contribute to ecologically sustainable development. This will include: improving animal management and pest control, reducing waste management issues and environmental impact, increasing the use of renewable energies and managing the effects of climate change; specifically tidal inundation and erosion. hh Environmental impacts of operations. Council’s response: Council is committed to managing its operations and those of its contractors to minimise adverse environmental impacts and protect the enviroinment. There were no recorded adverse environmental impacts from Council activities in 2010–11. hh Measures taken to minimise environmental impacts. Council’s response: Council requires its employees, contractors and suppliers to comply with Council’s Environment Policy and environmental management systems by: Implementing conservation measures in the Council’s offices; requiring contractors to comply with relevant environmental regulatory requirements and minimum environmental performance requirements; and managing and reporting environmental incidents. Council monitors a range of environmental performance indicators, including energy use within the Council offices, fuel consumption and vehicle performance. Additionally, it is

38 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 intended that Council will be adopting appropriate technologies to reduce travel and its dependency on paper—based filing systems; subject to funding.

Occupational Health And Safety 1. Section 74 of the Occupational Health and Safety Act 1991 (Cth) (the OHS Act) relates to the annual reports of departments and Commonwealth Authorities. 2. In accordance with subsection 74(1) of the OHS Act, Council’s annual report is to include details of the following matters:- (a) the health and safety management arrangements of Council. Council’s response: Council continues to fulfil its responsibilities under the Act. Council will shortly be establishing a Health and Safety Committee consisting of Council staff, who will be responsible for developing and implementing strategies to protect employees from risks to their health and safety. This Committee will work closely with the policies currently in place relating to work place health and safety. There were no accidents or dangerous occurrences during the year that arose out of the conduct of undertakings by Council that required the giving of notice under Section 68 of the Act. There were no investigations conducted during the year that related to undertakings carried out by Council and there were no notices given to the Council under Sections 29, 46 or 47 of the Act during the year. The Health and Safety Committee will work cooperatively to manage all of Council’s occupational health and safety policy and operational matters. Staff members are always informed of current issues and receive occupational health and safety publications from Comcare. Council has trained staff who undertake duties as first aid officers, fire wardens and occupational health and safety officers. (b) initiatives taken during the year to ensure the health, safety and welfare at work of employees and contractors of Council. Council’s response: Council has an active injury management strategy in place and arranges for on site flue vaccinations and a healthy lifestyle program which is available to all employees. Further, Council has a Preventing Bullying and Harassment Policy in place and trained Harassment Contact Officers are available to provide employee support. The Council will engage Commonwealth Rehabilitation Services to provide short— term, confidential counselling services to employees, if necessary. Additionally, Council is an Equal Employment Opportunity (EEO) employer and upholds the Australian Public Services Values. Council provides a workplace that is free from discrimination. All Council staff receive up to date information on key developments in the human resources sector such as EEO, harasment free workplaces and workplace diversity. Staff can also access publications from the Australian Public Service Commission (APSC), the Department of Education, Employment and Workplace Relations (DEEWR) and other related agencies. Further, Council fosters and promotes industrial democracy through regular management, program area and staff meetings. As appropriate, it consults with employees on: Major workplace changes. The development of guidelines and policies applying to employment

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 39 conditions and implementation of an Enterprise Agreement. The current Enterprise Agreement which, while designed to end on 30 June 2011; will remain in effect until replaced by the 2011–2014 agreement; which is expected to take effect as of and from 1 July 2012. Additionally, the Privacy Commissioner did not issue a report on the Council under Section 30 of the Privacy Act 1988 (Cth) and no personal privacy complaints were made against the Council during the reporting period. (c) health and safety outcomes (including the impact on injury rates of employees and contractors of the Council) achieved as a result of initiatives mentioned under paragraphs (a) and (b) above. Council’s response: There were no injuries sustained by employees or contractors of Council during the year and this can be attributed to strong policies and management; together with employee awareness of workplace dangers. Further, Council staff attend Faud Awareness workshops to raise awareness and knowledge regarding fraud and its effects on Council. Council also uses a wide range of computer based training products to assist staff with computer programs, customer services skills and telephone techniques. Additionally, all staff had the opportunity to attend training courses throughout the year including program and project management training, career development, cross cultural awareness training, Indigenous career trek workshops, leadership training and effective writing skills.

Community Programs School holiday programs were established and conducted at Wreck Bay during 2010–2011. Wreck Bay can be considered as a remote community for purposes of Service Delivery therefore it has adopted a proactive program funded from its own resources to ensure that the children of the community are not disadvantaged with a lack of programs over the school holidays. NAIDOC week programs were held during July 2010. NAIDOC week is a significant event to the people of Wreck Bay and celebrations are planned each year to compliment the chosen theme. The celebrations are designed to cater for all demographics within the community. The Celebrations commence with a symbolic flag raising ceremony that is open for all Indigenous people from the region plus territory residents and invited guests from the Shoalhaven region. The new Gudjahgahmiamia Early Education and Day-care facility was completed and staff and children moved into the new complex during March 2010. The new centre increases capacity to 30 children with additional staff employed to supervise the increased numbers. The centre is funded through a Multi Aboriginal Community Service grant from the Department of Employment, Education and Workplace Relations plus contributions from the WBACC, parent fees and ongoing fund raising activities. The Street renaming and numbering project was completed during 2010 and now are all entered onto the National Grid. This was a major issue that required addressing and

40 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 was completed with immediate positive results with emergency services entering the community now being able to locate their required destinations without relying on community residents to direct them. The community employed a family support worker for a twelve month trial from January 2009, this service was extended to June 2010 although both the funding and program guidelines have yet to be confirmed for the period from January to June 2011. The WBACC is currently funding this valuable program until a suitable funding grant can be confirmed. The Community has demonstrated a need for the service plus possibly an enhanced program so extends appreciations to the Department of Regional Australia and the Canberra Office of Youth, Children and Family Services for their initial support with the program. WBACC has an MOU formalised with Noah’s Ark which is an organisation that provides early childhood support programs within the Shoalhaven region. The services are delivered into the community through both the Community clinic plus the Early Childhood centre. Health services are being supplied through Illawarra Area Health, Waminda and Aboriginal Medical Service. Wreck Bay community has a modern clinic building within the community and has managed to negotiate regular services to be provided within the community from the above service providers. A visiting General Practitioner visits the community one day per week and other specialised medical services as available.

Community Liaison Function The Community Liaison function allows for meaningful involvement by the Wreck Bay Community in the joint management of Booderee National park. This function is funded annually by the Department of Environment, Water, Heritage and the Arts as part of the original commitment made by the Commonwealth for the Community to enter into lease arrangements with the Director of National parks. Community Liaison Function provides a communication link between the Director through Park management and the Community council; it also supports Traditional Owner representatives on the Booderee National Park Board of Management.

Training Training is critical to the ongoing success of the community as it develops to a position where it can ultimately manage all its own land and waters. The community has developed employment opportunities through its enterprise division by providing a range of contracted services to Booderee National Park plus a range of services conducted for the community administration, early childhood centre and the community itself. Training will be critical if the community is to reach its goal of sole managing its land and waters.

Centrelink Agency The Council has been contracted by Centrelink to provide an Agency/Access point for clients to contact Centrelink on issues relating to services that are available to them.

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 41 Being a Centrelink Agent/Access point the Council Administration can then provide access to Centrelink forms, publications, telephone and facsimile services and are able to respond to most general enquiries plus provide a direct link to Centrelink staff, including specialists if more assistance is required. As an Agent we are also able to provide access to the internet and assistance to customers in the use of self help products, accept claim forms and other documentation required to be lodged with Centrelink, provide advice on Centrelink and some other Government services and payments.

Jervis Bay Territory Networking The Council has an ongoing commitment to participate in various committees formed to effectively plan and advocate for the residents of the Jervis Bay Territory. The committees include: hh Jervis Bay Territory Focus Group hh Jervis Bay Territory Public Health and Environment Working Group hh Jervis Bay Territory Justice Issues Group; and hh Jervis Bay Emergency Management Committee.

General Meetings of the WBACC The Annual General Meeting of the WBACC was called for 10am on Sunday 17th October, 2010 and the quorum required was 155 Registered Members. At 11.00am 22 Registered Members signed the attendance sheet so the meeting could not proceed as the quorum wasn’t reached. The AGM was then reconvened to 10.00am Sunday 24th October, 2010 and the required quorum would be 40 or more registered members. At 11.00am 61 registered members had signed the attendance sheet so the meeting proceeded.

42 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 Audit Committee As required by section 32 of the Commonwealth Authorities and Companies Act 1997 the Council has an audit committee made up of: hh Tony Federici: Senior Accountant, Booth & Co. hh Annette Brown: Executive Board member hh Lynette Whaddy: Community Representative Committee meeting dates: 14 September 2010, 31 March 2011 and 17 May 2011; attended by all committee members. Some of the responsibilities of the Audit Committee are to assist with the following: hh WBACC response to the Australian National Audit Office’s management letters. hh Development and monitoring of a Risk Management Plan for the Council and its subsidiary Wreck Bay Enterprise Limited. hh Development and monitoring of the Fraud Management Plan for the Council and its subsidiary Wreck Bay Enterprise Limited. hh Commencement of the annual audit program for 2011–2012.

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 43 WBEL Reports

– Financial 45 – Overview of Operational Activities 2009–2010 45 – Training 48 – Organisational 49 – Service Level Agreements 49

44 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 WBEL Annual Report

Financial The net result for the first six months of operating resulted in a $43,992 profit under the former Wreck Bay Enterprises Limited. The second six months of operating resulted in a loss of $14,196. This produced an overall result of a $29,796 profit for the financial year. This year’s results shows a vast improvement from last year after suffering a loss of $68,612 Contract Services have increased its overall profit up $98,408 from last financial year. This year the company paid its employees in excess of $1.25 million dollars in employee benefits. This figure has decreased along with the income and expenditure during the financial year. As in previous years clear targets were used for the various departments in the form of Key Performance Indicators, such as income and revenue, departmental expenses and expenditure on capital items. Cash flow is followed and managed on a daily basis. All quotations were made on an accrual accounting basis which in most cases increased the margin for each quoted job and project that was approved by customers. The total income over the financial year was $2,401,710. Services that have been rendered to the parent company totalled $323,234. Effectively this figure will drop the income to $2,078,476 for the financial year. The overall income for the previous financial year 2009–2010 was $2,103,822. This financial year income has decreased by $25,346. This is a fair better result since the Global Financial Crisis in October 2008 where the company suffered an income loss of $340,955 for that financial year.

Overview of Operational Activities 2010–2011 Entry Station The Entry Station recorded a loss of $4,757 for the 2010–2011 financial year. The current Service Level Agreement was found to have used out dated rates of fee per service dating

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 45 back to April 2008. Since then two successive fee increases have taken place and were not taken into account when renewing the Service Level Agreement. In saying the above the Service Level Agreement continues to be successful for both parties resulting in an increase in gate takings over and above last financial year. The closure of the outside lane during peak periods has aided in the capture of the extra income for both the Booderee National Park and the Wreck Bay Aboriginal Community Council.

Cleaning and Horticulture With both these departments combined they have recorded a profit of $18,304 for the 2010–2011 financial year. This result is an increase of $17,338 from last financial year. The Cleaning Services Service Level Agreement continues also to be successful. The High, Low and Shoulder seasons have been clearly defined during the year and the hours relating to work required can be effectively put into a timetable. During the Peak Season under the Service Level Agreement two shifts operate between 6.30am and 6.30pm to ensure visitor and camping facilities are kept up to a maximum standard. The end result is fewer complaints will be made by users of the Park’s facilities. In addition the Cleaning section conducts cleaning services for the Wreck Bay Aboriginal Community Council infrastructure assets. The Horticulture section has continued its work for Serco Sodexho looking after parts of the Navy’s airfield and trig station within the Jervis Bay Territory. The section is also responsible for the up keep of the Wreck Bay Village and Summercloud Bay picnic area.

46 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 Roads and Buildings With both these department combined they have recorded a profit of $45,305 for the 2010–2011 financial year. This result is an increase of $163,582 from last financial year. The increase was largely due to the completion of capital expenditure for 2010–2011 before the end of the financial year. Included also was some carry over works from the 2009–2010 capital works program. In addition a storm came through the Park in July and caused damage to a few management trails and some areas of the Botanic Gardens. The building section also continues to achieve great results with the completion of its capital expenditure works program for Booderee National Park. An infrastructure SLA is currently under review and should be completed ready for the 2011–2012 financial year The Service Level Agreement for the Roads & Trails section is currently being revised and benchmarked.

Administration The administration section has its own Service Level Agreement with Council, in that it provides administration services for the Council. Some of those duties include accounts payable and receivable, payroll services and acquittal of grants. Any income generated by the administration section is used to reduce overheads costs and minimise the contribution made by other sections to management fees.

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 47 Training During the financial year staff attended the following training courses and conferences: hh Comcare: Case Management Essentials (Canberra and Sydney) hh Comcare: OHS HSR Course (Canberra) hh Bereavement Services (Grave Digging) hh RTA Traffic Control (Red Card) hh RTA Traffic Control (Blue Card) hh Chainsaw Basics Level One hh Chainsaw Level Two hh Indigenous Land and Sea Conference (Broken Hill) hh Indigenous Women’s Wellbeing Conference (Darwin) hh Global Information System hh Using Industrial Chemicals hh Indigenous Career Trek.

48 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 Organisational Employment The present level of employment is Fourteen Fulltime employees, with Four Permanent Part Time operators and additional from time to time there could be as many as ten casuals. Casuals are employed during times when employees take annual leave for an extended period and also when extra workers are required to complete extra tasks approved by either Booderee National Park or Wreck Bay Aboriginal Community Council.

Envisaged Level of Employment Any increase in staff numbers will not happen for some time unless extra Service Level Agreements are negotiated between Booderee National Park and the Council.

Service Level Agreements SLA for Roads The Service Level Agreement is in negotiation with the Booderee National Park and is currently being benchmarked. The current Service Level Agreement annual value is $287,951 with a monthly value of $23,996. The agreement provides employment for four fulltime staff and once every quarter can provide employment for four casual for a two week period.

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 49 SLA for Entry Station The Service Level Agreement is currently being negotiated with the Booderee National Park and is currently being benchmarked. The current Service Level Agreement annual value is $166,580 with a monthly value of $13,881. The agreement provides employment for one fulltime staff and one weekend casual during off peak and shoulder seasons. In the Peak season it provides employment for six additional casual staff with hours being extended to cover the summer period when visitation is at its peak.

SLA for Cleaning The Service Level Agreement is in negotiation with the Booderee National Park and is currently being benchmarked. The current Service Level Agreement annual value is $360,948 with a monthly value of $30,079. This agreement provides employment for one fulltime staff member and three permanent part time staff. During the peak season four additional casual staff are employed to cover the double shift.

SLA’s included in Phase 2 Grounds Maintenance Building and Infrastructure Both these Proposed Service Level Agreements are being benchmarked and will come into effect sometime in the 2011–2012 financial year. Neville Hampton General Manager Corporate and Contract Services 31 August 2011

50 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 WBACC

Financial Statement – Independent Auditor’s Report 52 – Directors’ Declaration 54 – Income Statement 55 – Balance Sheet 56 – Statement of Changes in Equity 57 – Cash Flow Statement 58 – Schedules of Commitments and Contingencies 59 – Schedules of Assest Additions 60 – Notes to and forming part of the Financial Statement 61

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 51 52 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 53 54 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 Wreck Bay Aboriginal Community Council ABN: 62 564 797 956 Comprehensive Income Statement For the year ended 30th June 2011

Consolidated Council Note 2011 2010 2011 2010 $ $ $ $ EXPENSES Employee benefits 4A 2,235,779 2,164,867 1,658,281 830,927 Supplier expenses 4B 807,600 680,804 729,725 393,188 Occupancy expenses 4C 75,553 44,606 66,911 71,292 Community grants 4D 86,320 56,428 99,503 64,589 Depreciation expense 4E 360,479 311,871 288,402 202,819 Finance Costs 4F 11,345 15,534 - - Write down and impairment 4G of assets 8,120 33,232 - - Other expenses 4H 484,265 400,576 416,740 389,943 Total expenses 4,069,461 3,707,919 3,259,562 1,952,758

LESS: OWN-SOURCE INCOME Own-Source Revenue Rendering of services 5A 2,547,638 2,323,034 1,694,017 637,505 Interest 5B 39,789 41,009 39,518 39,989 Total own-source income 2,587,427 2,364,043 1,733,535 677,494

GAINS Sale of assets 5C - - - - Total gains - - - -

Net cost of services 1,482,034 1,343,876 1,526,027 1,275,264

Revenues from Government 5D 1,716,567 2,397,749 1,716,567 2,397,749 Surplus/(deficit) before income tax on continuing operations 234,533 1,053,873 190,540 1,122,485

Income tax expense/(benefit) 6 - - - - Surplus/(deficit) after income tax on continuing operations 234,533 1,053,873 190,540 1,122,485 Surplus/(deficit) after income tax 234,533 1,053,873 190,540 1,122,485

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 55 Wreck Bay Aboriginal Community Council ABN: 62 564 797 956 Balance Sheet As at 30th June 2011

Consolidated Council ASSETS Note 2011 2010 2011 2010 $ $ $ $ Financial assets Cash 7A 934,685 501,509 929,837 602,696 Receivables 7B 229,719 400,301 229,719 180,811 Investments in subsidiary 7C - - 293,659 342,522 Loans to subsidiary 7D - - - 250,000 Total financial assets 1,164,404 901,810 1,453,215 1,376,029 Non-financial assets Land & Buildings 8A,D 46,310,968 46,543,509 46,310,968 46,344,850 Infrastructure, plant & equipment 8B,D 364,103 402,534 276,303 82,096 Leased Vehicles 8C,D 83,297 108,284 - - Vehicles 8C,D 162,024 164,287 158,311 67,693 Total non-financial assets 46,920,392 47,218,614 46,745,582 46,494,639 Total Assets 48,084,796 48,120,424 48,198,797 47,870,668 LIABILITIES Provisions Employees 9A 185,748 206,763 185,748 33,246 Total provisions 185,748 206,763 185,748 33,246 Payables Suppliers 10A 400,604 583,978 400,604 483,367 Borrowings 11 123,178 188,950 - - Deferred tax liability 6b - 20,355 - - Total payables 523,782 793,283 400,604 483,367 Total liabilities 709,530 1,000,046 586,352 516,613 Net Assets 47,375,266 47,120,378 47,612,445 47,354,055 EQUITY Parent entity interest Reserves 21,065,933 21,045,578 21,065,934 20,998,085 Accumulated surplus 26,309,333 26,074,800 26,546,511 26,355,970 Total parent entity interest 47,375,266 47,120,378 47,612,445 47,354,055 Total equity 47,375,266 47,120,378 47,612,445 47,354,055 Current liabilities 661,525 833,605 557,149 514,040 Non-current liabilities 48,006 166,441 29,204 2,572 Current assets 1,164,404 901,810 1,159,556 783,507 Non-current assets 46,920,391 47,218,614 47,039,240 47,087,160

56 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 Wreck Bay Aboriginal Community Council ABN: 62 564 797 956 Statement of Changes in Equity For the year ended 30th June 2011

Asset Revaluation Consolidated Accumulated Surplus Total Equity Reserve 2011 2010 2011 2010 2011 2010 Opening Balance 26,074,801 25,020,928 21,045,578 19,456,522 47,120,379 44,477,450

Income and Expense 20,355 20,355 0

Revaluation adjustment - - - 1,589,056 - 1,589,056

Subtotal income and expenses recognised directly in equity - - 20,355 1,589,056 20,355 1,589,056

Net Operating Result 234,533 1,053,873 - - 234,533 1,053,873

Total income and expenses 234,533 1,053,873 20,355 1,589,056 254,888 2,642,929

Closing Balance at 30 June 26,309,333 26,074,801 21,065,933 21,045,578 47,375,266 47,120,379

Asset Revaluation Council Accumulated Surplus Total Equity Reserve 2011 2010 2011 2010 2011 2010

Opening Balance 26,355,971 25,233,486 20,998,085 19,409,029 47,354,055 44,642,515

Income and Expense

Transfers in from Sub‑Entity 67,849 - 67,849 -

Revaluation adjustment - - - 1,589,056 - 1,589,056

Subtotal income and expenses recognised directly in equity - - 67,849 1,589,056 - 1,589,056

Net Operating Result 190,540 1,122,485 - - 190,540 1,122,485

Total income and expenses 190,540 1,122,485 67,849 1,589,056 190,540 2,711,540

Closing Balance at 30 June 26,546,511 26,355,971 21,065,934 20,998,085 47,544,595 47,354,055

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 57 Wreck Bay Aboriginal Community Council ABN: 62 564 797 956 Cash Flow Statement For the year ended 30th June 2011

Consolidated Council Note 2011 2010 2011 2010 $ $ $ $ OPERATING ACTIVITIES Cash received Grants 1,435,577 1,391,376 1,435,577 1,391,376 Rendering of services 2,762,683 2,152,274 1,647,540 598,835 Interest 40,266 109,297 39,995 108,277 Total cash received 4,238,526 3,652,947 3,123,112 2,098,488 Cash used Community Grants (86,212) (59,472) (99,395) (67,633) Employees (1,486,905) (869,740) (1,488,130) (874,570) Suppliers (2,084,739) (2,336,569) (1,162,264) (821,073) Finance costs (11,345) 5,534 - - Total cash used (3,669,201) (3,281,315) (2,749,789) 763,276 Net cash from operating activities 12B 569,325 371,632 373,323 335,212 INVESTING ACTIVITIES Cash received Proceeds on sale of property, plant & equipment - - - - Total cash received - - - - Cash used Purchase of property, plant & equipment (70,377) 309,276 (46,182) 283,339 Loan to WBEL - - - 0 Total cash used (70,377) 309,276 (46,182) 383,339 Net cash (used by) investing activities (70,377) 309,276 (46,182) 383,339 FINANCING ACTIVITIES Cash received Proceeds from loans - - - - Total cash received - - - - Cash used Repayment of loans (65,772) (69,002) - - Total cash (used by)/from financing activies (65,772) (69,002) - - Net cash from/(used by) financing activities (65,772) (69,002) - - Net increase/(decrease) in cash held 433,176 6,646 327,141 48,127 Cash at the beginning of the year 501,509 1,508,155 602,696 1,650,823 Cash at the end of the year 7A 934,685 501,509 929,837 602,696

58 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 Wreck Bay Aboriginal Community Council ABN: 62 564 797 956 Schedules of Commitments & Contingencies As at 30th June 2011

Consolidated Council 2011 2010 2011 2010 $ $ $ $ SCHEDULE OF COMMITMENTS

Commitments Receivable Net GST Recoverable on commitments - 723 - 723 Total Commitments Receivable - 723 - 723

Commitments Payable Other Commitments Operating leases - 7,953 - 7,953 Total Other Commitments - 7,953 - 7,953 Net Commitments by Type - 7,230 - 7,230

BY MATURITY Commitments Receivable Operating Lease Income One year or less - 723 - 723 From one to five years - - - - Total Operating Lease Income - 723 - 723

Commitments Payable Operating Lease Commitments One year or less - 7,953 - 7,953 From one to five years - - - - Total Operating Lease Commitments - 7,953 - 7,953 Net Commitments by Maturity - 7,230 - 7,230 NB: Commitments were GST inclusive where relevant

The operating lease included is effectively non-cancellable and is for a motor vehicle provided to the Community Support Officer. This is paid monthly for a period of 2 years.

SCHEDULE OF CONTINGENCIES

Contingent Liability

The Council has provided a guarantee and indemnity limited to $180,000 for the bank loan obtained by its controlled entity Wreck Bay Enterprises Limited.

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 59 Wreck Bay Aboriginal Community Council ABN: 62 564 797 956 Schedules of Asset Additions As at 30th June 2011

SCHEDULE OF ASSET ADDITIONS for the year ended 30 June 2011

The following non-financial non-current assets were added in 2011: Other property, plant & Consolidated Buildings equipment Total $ $ $ By purchase - Government funding - - - By purchase - other - 70,376 70,376 Total additions - 70,376 70,376

The following non-financial non-current assets were added in 2009–10: Other property, Consolidated Buildings plant & equipment Total $ $ $ By purchase - Government funding 1,215,003 - 1,215,003 By purchase - other - 94,273 94,273 Total additions 1,215,003 94,273 1,309,276

The following non-financial non-current assets were added in 2010–11: Other property, plant & Council Buildings equipment Total $ $ $ By purchase - Government funding - - - By purchase - other - 46,182 46,182 Transfers in from Sub-Entity 192,783 300,381 493,164 Total additions 192,783 346,563 539,346

The following non-financial non-current assets were added in 2009–10: Other property, Council Buildings plant & equipment Total $ $ $ By purchase - Government funding 1,215,003 - 1,215,003 By purchase - other - 68,336 68,336 Total additions 1,215,003 68,336 1,283,339

60 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 Wreck Bay Aboriginal Community Council ABN: 62 564 797 956 Notes to and forming part of the financial statements As at 30th June 2011 Note 1: Summary of Significant Accounting Policies 1.1 Objective of Wreck Bay Aboriginal Community Council Council is an Australian Government controlled entity. The objective of Council is to benefit the local community through services and support. The agency is structured to meet the following outcomes: Outcome 1: To consider and where practicable, take action for the benefit of the community in relation to housing, social welfare, education, training or health needs of the members of the community. Outcome 2: To conduct business enterprises for the economic or social benefit of the community. The continued existence of the Council in its present form and with its present programs is dependant on Government policy and on continuing funding by Parliament for the Council's administration and programs. 1.2 Basis of Preparation of the Financial Statements The financial statements are general purpose financial statements and are required by clause 1(b) of schedule 1 to the Commonwealth Authorities and Companies Act 1997. The continued existence of the Council in its present form and with its present programs is dependant on Government policy and on continuing appropriations by Parliament for the Council’s administration and programs. The financial statements and notes have been prepared in accordance with: hh Finance Minister’s Orders (or FMOs) for reporting periods ending on or after 1 July 2010; and hh Australian Accounting Standards and Interpretations issued by the Australian Accounting Standards Board (AASB) that apply for the reporting period. The financial statements have been prepared on an accrual basis and is in accordance with historical cost convention, except for certain assets at fair value. Except where stated, no allowance is made for the effect of changing prices on the results or the financial position. The financial statements are presented in Australian dollars and values are rounded to the nearest dollar unless otherwise specified.

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 61 Wreck Bay Aboriginal Community Council ABN: 62 564 797 956 Notes to and forming part of the financial statements As at 30th June 2011 Unless an alternative treatment is specifically required by an Accounting Standard or the FMOs, assets and liabilities are recognised in the Council and Consolidated Balance Sheets when and only when it is probable that future economic benefits will flow to the entity or a future sacrifice of economic benefits will be required and the amounts of the assets or liabilities can be reliably measured. However, assets and liabilities arising under executor contracts are not recognised unless required by an accounting standard. Liabilities and assets that are unrecognised are reported in the schedule of commitments or the schedule of contingencies. Unless alternative treatment is specifically required by an accounting standard, income and expenses are recognised in the Council and Consolidated Statement of Comprehensive Income when and only when the flow, consumption or loss of economic benefits has occurred and can be reliably measured. 1.3 Significant Accounting Judgments and Estimates In the process of applying the accounting policies listed in this note, Council has made a judgement that have the most significant impact on the amounts recorded in the financial statements: hh The fair value of land and buildings has been taken to be the market value of similar properties as determined by an independent valuer. In some instances, Council buildings are purpose-built and may in fact realise more or less in the market. No accounting assumptions or estimates have been identified that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period. 1.4 Principles of Consolidation The consolidated financial statements are those of the economic entity, comprising Wreck Bay Aboriginal Community Council (the parent entity) and Wreck Bay Enterprises Limited. The accounts of Wreck Bay Enterprises Limited are prepared for the period 1 July 2010 to 30 June 2011 using accounting policies which are consistent with those of the Council. The effects of transactions and balances between the entities are eliminated in full. 1.5 New Accounting Standards Adoption of new Australian Accounting Standard requirements No accounting standard has been adopted earlier than the application date as stated in the standard. No new accounting standards, amendments to standards and interpretations issued by the Australian Accounting Standards Board that are applicable in the current period have had a material financial affect on the Council and consolidated entity. Future Australian Accounting Standard requirements New standards, amendments to standards, and interpretations that are applicable to future periods have been issued by the Australian Accounting Standards Board. It is estimated that adopting these pronouncements, when effective, will have no material impact on future reporting periods. A discussion of those future requirements and their impact follows:

62 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 Wreck Bay Aboriginal Community Council ABN: 62 564 797 956 Notes to and forming part of the financial statements As at 30th June 2011 (i) AASB 1053 Application of tiers of Australian Accounting Standards and AASB 2010–2 Amendments to Australian Accounting Standards - These standards are applicable for financial years ended 30 June 2014 and provide reduced annual reporting disclosures for entities meeting the criteria. The Government has, to date, not taken a position on whether the Council will be able to access this new reporting regime. 1.6 Revenue The revenues described in this Note are revenues relating to the core operating activities of the Council and consolidated entity. Revenue from the sales of goods is recognised when: hh The risks and rewards of ownership have been transferred to the buyer; hh The seller retains no managerial involvement nor effective control over the goods; hh The revenue and transaction costs incurred can be reliably measured; and hh It is probable that the economic benefits associated with the transactions will flow to the Council. Revenue from rendering of services is recognised by reference to the stage of completion of contracts at the reporting date. The revenue is recognised when: hh The amount of revenue, stage of completion and transaction costs incurred can be reliably measured; and hh The probable economic benefits from the transaction will flow to the Council. The stage of completion of contracts at the reporting date is determined by reference to the proportion that costs incurred to date bear to the estimated total costs of the transaction. Receivables for goods and services, which have 30 day terms, are recognised at the nominal amounts due less any provision for bad and doubtful debts. Collectability of debts is reviewed at balance date. Provisions are made when collectability of the debt is no longer probable. Interest Revenue is recognised using the effective interest method as set out in AASB 139 Financial Instruments: Recognition and Measurement. Revenue from Government Grants received from Commonwealth Departments for the year are recognised in the period to which they relate. 1.7 Gains Sale of Assets Gains from disposals of non-current assets are recognised when control of the asset has passed to the buyer.

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 63 Wreck Bay Aboriginal Community Council ABN: 62 564 797 956 Notes to and forming part of the financial statements As at 30th June 2011 1.8 Employee Benefits Liabilities for ‘short-term employee benefits’ (as defined AASB 119 Employee Benefits) and termination benefits due within twelve months of balance date are measured at their nominal amounts. The nominal amount is calculated with regard to the rates expected to be paid on settlement of the liability. Other long-term employee benefits are measured as net total of the present value ofthe defined benefit obligation at the end of the reporting period minus the fair value at the end of the reporting period of plan assets (if any) out of which the obligations are to be settled directly. Leave The liability for employee benefits includes provision for annual leave and long service leave. No provision has been made for sick leave as all sick leave is paid out at financial year end. The leave liabilities are calculated on the basis of employees’ remuneration, including the Council’s employer superannuation contribution rates, to the extent that the leave is likely to be taken during service rather than paid out on termination. The liability for long service leave takes into account attrition rates and pay increases through promotion and inflation. Superannuation Employees of Wreck Bay Aboriginal Community Council (parent entity), and Wreck Bay Enterprises Limited are members of the AMP Superleader Scheme, the Health Employees Superannuation Trust Australia (HESTA) and the Integral Superannuation Fund. Employer Contributions amounting to $116,274 (2009–10: $166,979) for the economic entity and $22,738 (2009–10: $58,280) for the Council, in relation to these schemes have been expensed in these financial statements. The liability for superannuation recognised as at 30 June represents outstanding contributions for the final fortnight of the year. 1.9 Leases A distinction is made between finance leases and operating leases. Finance leases effectively transfer from the lessor to the lessee substantially all the risks and rewards incidental to ownership of leased assets. An operating lease is a lease that is not a finance lease. In operating leases, the lessor effectively retains substantially all such risks and benefits. Where an asset is acquired by means of a finance lease, the asset is capitalised at either the fair value of the lease property or, if lower, the present value of minimum lease payments at the inception of the contract and a liability is recognised at the same time and for the same amount.

64 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 Wreck Bay Aboriginal Community Council ABN: 62 564 797 956 Notes to and forming part of the financial statements As at 30th June 2011 The discount rate used is the interest rate implicit in the lease. Leased assets are amortised over the period of the lease. Lease payments are allocated between the principal component and the interest expense. Operating lease payments are expensed on a straight-line basis which is representative of the pattern of benefits derived from the leased assets. 1.10 Borrowing Costs All borrowing costs are expensed as incurred. 1.11 Cash Cash and cash equivalents includes cash on hand and demand deposits in bank accounts with an original maturity of 3 months or less that are readily convertible to known amounts of cash and subject to insignificant risk of changes in value. Cash is recognised at its nominal amount. 1.12 Financial Assets Council classifies its financial assets in the following categories: ‘Loans and receivables’. The classification depends on the nature and purpose of the financial assets and is determined at the time of initial recognition. Financial assets are recognised and derecognised upon ‘trade date’. Effective Interest Method The effective interest method is a method of calculating the amortised cost of a financial asset and of allocating interest income over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset, or, where appropriate, a shorter period. Income is recognised on an effective interest rate basis except for financial assets that are recognised at fair value through profit or loss. Loans and Receivables Trade receivables, loans and other receivables that have fixed or determinable payments that are not quoted in an active market are classified as ‘loans and receivables’. Loans and receivables are measured at amortised cost using the effective interest method less impairment. Interest is recognised by using the effective interest rate. Impairment of Financial Assets Financial assets are assessed for impairment at end of each reporting period. Financial assets held at amortised cost—If there is objective evidence that an impairment loss has been incurred for loans and receivables or held to maturity investments held at amortised cost, the amount of the loss is measured as the difference between the asset’s carrying amount and the present value of estimated future cash flows discounted at the asset’s original effective interest rate. The carrying amount is reduced by way of an allowance account. The loss is recognised in the statement of comprehensive income.

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 65 Wreck Bay Aboriginal Community Council ABN: 62 564 797 956 Notes to and forming part of the financial statements As at 30th June 2011 1.13 Financial Liabilities Financial liabilities are classified as either financial liabilities ‘at fair value through profit or loss’ or other financial liabilities. Financial liabilities are recognised and derecognised upon ‘trade date’. Other Financial Liabilities Other financial liabilities, including borrowings, are initially measured at fair value, netof transaction costs. Other financial liabilities are subsequently measured at amortised cost using the effective interest method, with interest expense recognised on an effective yield basis. hh The effective interest method is a method of calculating the amortised cost of a financial liability and of allocating interest expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash payments through the expected life of the financial liability, or, where appropriate, a shorter period. Supplier and Other Payables Supplier and other payables are recognised at amortised cost. Liabilities are recognised to the extent that the goods or services have been received (and irrespective of having been invoiced). 1.14 Contingent Liabilities and Contingent Assets Contingent Liabilities and Contingent Assets are not recognised in the balance sheet but are reported in the relevant schedules and notes. They may arise from uncertainty as to the existence of a liability or asset or represent an asset or liability in respect of which the amount cannot be reliably measured. Contingent assets are disclosed when settlement is probable but not virtually certain and contingent liabilities are disclosed when settlement is greater than remote. 1.15 Financial Guarantee Contracts Financial guarantee contracts are accounted for in accordance with AASB 139 Financial Instruments: Recognition and Measurement. They are not treated as a contingent liability, as they are regarded as financial instruments outside the scope of AASB 137 Provisions, Contingent Liabilities and Contingent Assets. 1.16 Acquisition of Assets Assets are recorded at cost on acquisition except as stated below. The cost of the acquisition includes the fair value of assets transferred in exchange and liabilities undertaken. Financial assets are initially measured at their fair value plus transaction costs where appropriate. Assets acquired at no cost, or for nominal consideration, are initially recognised as assets and income at their fair value at the date of acquisition.

66 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 Wreck Bay Aboriginal Community Council ABN: 62 564 797 956 Notes to and forming part of the financial statements As at 30th June 2011 1.17 Property, Plant and Equipment Asset Recognition Threshold Purchases of property, plant and equipment are recognised initially at cost in the balance sheet, except for purchases costing less than $300, which are expensed in the year of acquisition (other than where they form part of a group of similar items which are significant in total). Revaluations Fair values for each class of asset are determined as shown below:

Asset Class Fair value measured at Land Market value Buildings Exc. Leasehold Improvements Market value Leasehold Improvements Depreciated replacement cost Plant & Equipment Depreciated replacement cost Following initial recognition at cost, property plant and equipment were carried at fair value less subsequent accumulated depreciation and accumulated impairment losses. Valuations were conducted with sufficient frequency to ensure that the carrying amounts of assets did not differ materially from the assets’ fair values at the reporting date. The regularity of independent valuations depended upon the volatility of movements in market values for the relevant assets. Revaluation adjustments were made on a class basis. Any revaluation increment was credited to equity under the heading of asset revaluation reserve except to the extent that it reversed a previous revaluation decrement of the same asset class that was previously recognised in the surplus,deficit. Revaluation decrements for a class of assets were recognised directly in the surplus/deficit except to the extent that they reversed a previous revaluation increment for that class. Any accumulated depreciation as at the revaluation date were eliminated against the gross carrying amount of the asset and the asset restated to the revalued amount. Depreciation Depreciable property plant and equipment assets are written-off to their estimated residual values over their estimated useful lives to Council using, in all cases, the straight-line method of depreciation. Leasehold improvements are amortised on a straight-line basis over the lesser of the estimated useful life of the improvements or the unexpired period of the lease. Depreciation rates (useful lives), residual values and methods are reviewed at each reporting date and necessary adjustments are recognised in the current, or current and future reporting periods, as appropriate.

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 67 Wreck Bay Aboriginal Community Council ABN: 62 564 797 956 Notes to and forming part of the financial statements As at 30th June 2011 Depreciating rates applying to each class of depreciable asset are based on the following useful lives:

2011 2010 Buildings on freehold land 40 years 40 years Plant and Equipment 3 to 10 years 3 to 10 years

The aggregate amount of depreciation allocated for each class of asset during the reporting period is disclosed in Note 4E. Impairment All assets were assessed for impairment at 30 June 2011. Where indications of impairment exist, the asset’s recoverable amount is estimated and an impairment adjustment made if the asset’s recoverable amount is less than its carrying amount. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. Value in use is the present value of the future cash flows expected to be derived from the asset. Where the future economic benefit of an asset is not primarily dependent on the asset’s ability to generate future cash flows, and the asset would be replaced if Council were deprived the asset, its value in use is take to be its depreciated replacement cost. No indicators of impairment were found for assets at fair value. Derecognition An item of property, plant and equipment is derecognised upon disposal or when no further future economic benefits are expected from its use or disposal. 1.18 Investment Properties Investment properties are measured initially at cost, including transaction costs. Subsequent to initial recognition, investment properties are stated at fair value, which is based on active market prices, adjusted if necessary, for any difference in the nature, location or condition of the specific asset at the balance sheet date. Gains or losses arising from changes in the fair values of investment properties are recognised in profit or loss in the year in which they arise. Investment properties are derecognised either when they have been disposed of or when the investment property is permanently withdrawn from use and no future economic benefit is expected from its disposal. Any gain or losses on disposal of an investment property are recognised in profit and loss in the year of disposal. 1.19 Taxation The Council is exempt from all forms of taxation except fringe benefits tax (FBT) and the goods and services tax (GST). However, pursuant to a ruling issued by the Australian Taxation Office in May 2002, the Council’s controlled entity, Wreck Bay Enterprises Limited; is not exempt from income tax.

68 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 Wreck Bay Aboriginal Community Council ABN: 62 564 797 956 Notes to and forming part of the financial statements As at 30th June 2011 Revenues, expenses and assets are recognised net of GST except: hh where the amount of GST incurred is not recoverable from the Australian Taxation Office; and hh for receivables and payables. Income Tax The charge for current income tax expense is based on the profit for the year adjusted for any non-assessable or disallowed items. It is calculated using tax rates that have been enacted or are substantially enacted by the balance sheet date. Deferred tax is accounted for using the balance sheet liability method in respect of temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. No deferred income tax will be recognised from the initial recognition of an asset or liability where there is no effect on accounting or taxable profit or loss. Deferred tax is calculated at the tax rates that are expected to apply to the period when the asset is realised or the liability is settled. Deferred tax is credited to the income statement except where it relates to items that may be credited directly to equity, in which case the deferred tax is adjusted directly against equity. Deferred income tax assets are recognised to the extent that it is probable that future tax profits will be available against which deductible temporary differences can be utilised. hh The amount of the benefits brought to account or which may be realised in the future is based on the assumption that no adverse change will occur in income taxation legislation and the anticipation that the company will derive sufficient future assessable income to enable the benefit to be realised and comply with the conditions of deductibility imposed by the law. Revenues, expenses and assets are recognised net of GST: hh Except where the amount of GST incurred is not recoverable from the Australian Taxation Office; and hh Except for receivables and payables. 1.20 Insurance The Council places its general insurance through Austbrokers Insurance Pty Ltd. General insurance is placed with AIB Insurance Brokers, directors and officers insurance with QBE Insurance, motor vehicle cover with Allianz Australia Insurance Ltd and workers compensation is insured through Comcare.

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 69 Wreck Bay Aboriginal Community Council ABN: 62 564 797 956 Notes to and forming part of the financial statements As at 30th June 2011 Note 2: Economic Dependency The Wreck Bay Aboriginal Community Council was established by the Aboriginal Land Grant– Jervis Bay Territory ACT 1986. The Council is dependent on grants from the Commonwealth for its continued existence and ability to carry out its normal activities. Note 3: Events after the Balance Sheet Date There has not been any event after balance date that has not been brought to account in the 2011 Financial Report.

70 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 Wreck Bay Aboriginal Community Council ABN: 62 564 797 956 Notes to and forming part of the financial statements For the year ended 30th June 2011

Consolidated Council Note 2011 2010 2011 2010 $ $ $ $ Note 4: Expenses Note 4A: Employee expenses Wages and Salaries 1,879,184 1,729,849 1,392,312 645,464 Superannuation - Defined Contribution Plans 172,347 166,979 124,288 58,280 Leave and other entitlements 164,533 229,823 118,538 92,396 Separation and redundancies - - 4,119 40 Director's reimbursements 19,715 38,216 19,024 34,747 Total employee expenses 2,235,779 2,164,867 1,658,281 830,927 Note 4B: Suppliers Goods and services Equipment Hire 117,115 91,391 96,747 335 Contractors 251,208 195,765 327,333 327,827 Materials & Supplies 432,047 381,254 298,415 52,632 800,370 668,410 722,495 380,794 Goods and services are made up of: Provision of goods - related entities - - - 403 Provision of goods - external entities 549,162 472,645 395,163 52,564 Rendering of services - related entites - - 164,045 206,715 Rendering of services - external entites 251,208 195,765 163,287 121,112 Total goods and services 800,370 668,410 722,495 380,794 Other supplier expenses Operating lease rentals - unrelated entities: Minimum lease payments 7,230 12,394 7,230 12,394 Total other supplier expenses 7,230 12,394 7,230 12,394 Total supplier expenses 807,600 680,804 729,725 393,188 Note 4C: Occupancy expenses Rents - - - - Repairs & maintenance 8,409 218 8,409 3,958 Water rates 24,960 17,114 24,960 17,114 Other 42,184 27,274 33,542 50,220 Total Occupancy expenses 75,553 44,606 66,911 71,292 Note 4D: Community Grants Emergency relief - - - - Other grants and activities 86,320 56,428 99,503 64,589 Total Community Grants 86,320 56,428 99,503 64,589

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 71 Wreck Bay Aboriginal Community Council ABN: 62 564 797 956 Notes to and forming part of the financial statements For the year ended 30th June 2011

Consolidated Council Note 2011 2010 2011 2010 $ $ $ $ Note 4E: Depreciation and Amortisation Property, plant and equipment* 127,938 122,212 61,737 24,760 Buildings and roads 232,541 189,659 226,665 178,059 Total depreciation and amortisation 360,479 311,871 288,402 202,819 * Wreck Bay Aboriginal Community Councils subsidiary company Wreck Bay Enterprises Limited has motor vehicles under finance lease arrangements worth $84,928 (2010: $111,086). Depreciation expense for the finance leases are included in the line 'Infrastructure, plant and equipment' above. Note 4F: Finance Costs Loans Finance Leases 11,345 15,534 - - Total finance costs 11,345 15,534 - - Note 4G: Write Down and Impairment of Assets Asset write-downs and impairments from: Impairment on intangible assets - - - - Other 8,120 33,232 - - Total write-down and impairment of assets 8,120 33,232 - - Note 4H: Other Expenses Accountancy Fees 51,520 61,844 51,520 48,303 Administrative Support - - 23,538 153,560 Annual Report Printing 16,190 16,770 16,190 16,770 Audit Fees 41,309 35,480 41,309 19,990 Bad Debt Provision 29,757 1,294 - 1,294 Bank Charges 3,631 3,520 2,972 2,202 Board Costs 212 5,265 212 5,265 Computer Costs 29,079 24,616 21,259 9,596 Consultancy Fees 10,025 - 10,025 - Conference & Travel Expenses 29,414 24,854 27,556 13,300 Fines & Penalties 3,450 5,648 3,450 1,833 General Expenses 14,071 2,677 10,447 5,853 Insurance 45,675 43,791 42,686 39,579 Legal Costs 17,400 217 17,400 210 Minor Equipment Replacement 732 6,377 732 6,377 Motor Vehicle Expenses 89,391 86,568 68,074 22,928 Office Supplies 52,680 35,617 43,671 16,421 Recruitment Costs 727 3,681 727 3,681 Return of Unspent Funds - 778 - 778 Staff Amenities 10,734 10,557 9,591 7,268 Telephone, Fax & Internet Costs 36,414 31,022 23,527 14,735 Website Design Project 1,854 - 1,854 - Total Other Expenses 484,265 400,576 416,740 389,943

72 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 Wreck Bay Aboriginal Community Council ABN: 62 564 797 956 Notes to and forming part of the financial statements For the year ended 30th June 2011

Consolidated Council Note 2011 2010 2011 2010 $ $ $ $ Note 5: Income OWN-SOURCE REVENUE Note 5A: Rendering of Services Sale of services 1,832,767 1,543,554 1,009,048 26,809 Housing rentals 35,034 41,330 35,034 41,330 Park lease - annual rental 263,814 251,395 263,814 251,395 - 25% of park income 276,858 296,082 276,858 296,082 Daycare fees 36,872 829 36,872 829 Fundraising 3,353 - 3,353 - Other income 98,940 189,844 69,038 21,060 Total rendering of services 2,547,638 2,323,034 1,694,017 637,505 Rendering of services to: Related entities 35,034 41,330 35,034 41,330 External entities 2,512,604 2,281,704 1,658,983 596,175 Total rendering of services 2,547,638 2,323,034 1,694,017 637,505 Note 5B: Interest income Bank interest 39,789 41,009 39,518 39,989 Note 5C: Gains Plant & Equipment Proceeds on disposal - - - - Carrying value of assets sold - - - - Gain/(Loss) on disposal - - - - REVENUE FROM GOVERNMENT Note 5D: Revenue from Government ICC 992,720 501,887 992,720 501,887 SRA Funding - - - - Attorney Generals Grant 268,302 274,168 268,302 274,168 Environment Australia 105,000 105,000 105,000 105,000 Southern Rivers Catchment 20,000 - 20,000 - MACS 298,244 217,340 298,244 217,340 Community Support Officer 32,301 74,092 32,301 74,092 MACS Capital Grant - 1,224,762 - 1,224,762 NAIDOC Grant - 500 - 500 Total revenue from Government 1,716,567 2,397,749 1,716,567 2,397,749

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 73 Wreck Bay Aboriginal Community Council ABN: 62 564 797 956 Notes to and forming part of the financial statements For the year ended 30th June 2011

Consolidated Council Note 2011 2010 2011 2010 $ $ $ $

Note 6: Income Tax

a) Income tax expense Income tax expense - - - -

The Council is exempt from income tax. However, pursuant to a ruling issued by the Australian Taxation Office in May 2002, the Council’s controlled entity, Wreck Bay Enterprises Limited; is not exempt from income tax.

b) Deferred tax asset and liability Deferred tax liability Revaluation adjustment on non- current assets taken directly to equity - 20,355 - -

Deferred tax assets Deferred tax assets not brought to account the benefits of which will only be realised if the conditions for deductibilty set out in

Note 1.17 occur: Tax losses carried forward - - - - Temporary differences - 44,714 - - - 44,714 - -

74 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 Wreck Bay Aboriginal Community Council ABN: 62 564 797 956 Notes to and forming part of the financial statements For the year ended 30th June 2011

Consolidated Council Note 2011 2010 2011 2010 $ $ $ $ Note 7: Financial Assets Note 7A: Cash and Cash Equivalents Cash at bank 933,135 500,159 928,287 602,596 Cash on hand 1,550 1,350 1,550 100 934,685 501,509 929,837 602,696 Note 7B: Receivables Goods and services 216,213 382,296 216,213 166,827 Income Tax Refund - 4,021 - - Interest Receivable 13,506 13,984 13,506 13,984 Less: Impairment Allowance Account - - - - Total receivables (net) 229,719 400,301 229,719 180,811 All receivables are current assets Receivables (gross) are aged as follows: Not overdue 157,683 284,326 157,683 84,717 Overdue by: - less than 30 days 8,749 18,305 8,749 550 - 30 to 60 days 799 1,893 799 550 - 60 to 90 days 4,620 22,278 4,620 22,277 - more than 90 days 44,362 55,494 44,362 58,733 Total receivables (gross) 216,213 382,296 216,213 166,827 The impairment allowance account is aged as follows Not overdue - - - - Overdue by: - less than 30 days - - - - - 30 to 60 days - - - - - 60 to 90 days - - - - - more than 90 days - - - - Total provision for doubtful debts - - - - Reconciliation of the Impairment Allowance Amount: Goods and Goods and Movements in relation to 2011 services Total services Total $ $ $ $ Opening Balance - - - - Amounts written off - - - - Closing Balance - - - -

Goods and Goods and Movements in relation to 2010 services Total services Total $ $ $ $ Opening Balance (22,445) (22,445) (22,445) (22,445) Amounts written off 22,445 22,445 22,445 22,445 Closing Balance - - - -

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 75 Wreck Bay Aboriginal Community Council ABN: 62 564 797 956 Notes to and forming part of the financial statements For the year ended 30th June 2011

Consolidated Council Note 2011 2010 2011 2010 $ $ $ $

Note 7C: Investments in controlled entity Non-current: Share in Wreck Bay Enterprises Limited (WBEL) (transferred plant & equipment, at cost) - - 293,659 342,522

Note 7D: Loans to controlled entity Non-current: Long term loans (WBEL)* - - - 250,000

* Long term interest free loan made by the Council to its controlled entity to meet startup and ongoing working capital needs.

76 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 Wreck Bay Aboriginal Community Council ABN: 62 564 797 956 Notes to and forming part of the financial statements For the year ended 30th June 2011

Consolidated Council Note 2011 2010 2011 2010 $ $ $ $ Note 8: Non-Financial Assets

Note 8A: Land and Buildings Freehold land - Community 403 Ha at valuation (fair value) * 8,000,000 8,000,000 8,000,000 8,000,000

Freehold land - Booderee National Park at valuation (fair value) * 29,507,500 29,507,500 29,507,500 29,507,500

Leasehold improvements at cost 192,783 231,979 192,783 - Accumulated depreciation (5,728) (33,320) (5,728) - 187,055 198,659 187,055 - Buildings on freehold land Buildings on freehold land (fair value) * 8,837,350 8,837,350 8,837,350 8,837,350 Accumulated depreciation (220,937) (33,320) (220,937) - 8,616,413 198,659 8,616,413 8,837,350 Total Land and Buildings 46,310,968 46,543,509 46,310,968 46,344,850 Note 8B: Infrastructure, Plant & Equipment Computer equipment 48,404 146,597 48,404 40,298 Accumulated depreciation (38,840) 33,160 (38,840) (33,278) 9,564 13,437 9,564 7,020 Furniture & fittings 120,458 129,865 120,458 109,631 Accumulated depreciation (71,952) (75,442) (71,954) (60,129) 48,506 54,423 48,504 49,502 Plant & Equipment 458,604 571,195 332,582 117,507 Accumulated depreciation (152,571) (236,521) (114,347) (91,933) 306,033 334,674 218,235 25,574 Total Infrastructure, Plant & Equipment 364,103 402,534 276,303 82,096 Note 8C: Vehicles Leased Motor vehicles 166,587 166,587 - - Accumulated depreciation (83,290) (58,303) - - Total Vehicles 83,297 108,284 - - Motor vehicles 239,584 261,733 234,178 121,624 Accumulated depreciation (77,560) (97,445) (75,867) (53,931) Total Vehicles 162,024 164,287 158,311 67,693

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 77 - - - - 70,376 (21,148) (13,028) 634,191 360,479 650,878 TOTAL (330,764) (330,764) 47,852,806 47,571,270 46,920,392 47,218,615 Leased Leased Vehicles Vehicles Plant & Plant Equipment Furniture ------5,402 30,721 6,712 - 27,541 8,759 51,879 12,629 24,987 29,684 9,564 306,033 48,506 83,297 162,024 (4,925) (15,881) - - (342) (4,409) (8,398) - - (221) 48,404 458,604 120,458 166,587 239,584 38,840 152,571 71,952 83,290 77,560 13,437 334,674 54,423 108,284 164,288 (98,670) (127,431) (16,119) - (49,348) (98,670) (127,431) (16,119) - (49,348) 146,597 571,195 129,865 166,587 261,733 133,160 236,521 75,442 58,303 97,445 Computer Computer Equipment ------33,320 (39,196) (39,196) 232,541 226,665 Buildings 46,576,829 46,537,633 46,310,968 46,543,509 Total Land & Land Total Leasehold Leasehold Improvm'nt Land Buildings Buildings on Freehold Freehold on ------(39,196) ------33,320 --- - 220,937 11,604 --- - - (39,196) --- - 220,937 5,728 Land 37,507,500 8,837,350 231,979 37,507,500 8,837,350 192,783 37,507,500 8,616,413 187,055 37,507,500 8,837,350 198,659 Note 8D: Analysis of Property (Land, Buildings(Consolidated) & Infrastructure),basis valuation of Plant, Equipmentirrespective andVehiclesassets all for 2010–11 summary A1—Movement TABLE Item Gross Value at 1 July 2010 1 July at Value Gross Additions Revaluations: write-ups/ write-ups/ Revaluations: (write-downs) Assets transferred in/(out) transferred Assets Revaluation adjustment arising arising adjustment Revaluation basis value fair of on adoption Disposals Gross value as at 30 June 2011 June 30 at as value Gross Accumulated Depreciation as as Depreciation Accumulated 2010 at 1 July Disposals Depreciation charge for the year the for charge Depreciation Revaluation adjustment arising arising adjustment Revaluation basis value fair of on adoption Assets transferred in/(out) transferred Assets Write-offs Accumulated Depreciation as as Depreciation Accumulated 2011 June at 30 Net book value as at at as value book Net 30 June 2011 Net book value as at 1 July 2010 July 1 at as value book Net Wreck Bay Aboriginal Community Council Community Aboriginal Bay Wreck ABN: 62 564 797 956 Notes to and forming part of the financial statements ended 30th June 2011 the year For

78 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 79 - - - 78,059 78,059 (62,815) (29,582) 529,961 311,871 634,191 TOTAL 1,309,276 1,589,056 45,195,348 47,852,807 47,218,614 44,665,387 Leased Leased Vehicles Vehicles Plant & Plant Equipment Furniture ------(29,874) - - (32,941) - 4,644 - - 4,938 ------7,657 20,704 46,539 - 19,373 13,002 51,845 3,922 24,987 28,456 13,437 334,674 54,423 108,284 164,287 18,782 381,045 11,806 133,271 191,374 138,940 580,365 83,326 166,587 275,301 146,597 571,195 129,865 166,587 261,733 120,158 199,320 71,520 33,316 83,927 133,160 236,521 75,442 58,303 97,445 Computer Computer Equipment - - - - - 78,059 21,720 78,059 33,320 189,659 1,589,056 1,215,003 Buildings 43,950,829 46,576,829 46,543,509 43,929,109 Total Land & Land Total Leasehold Leasehold Improvm'nt Land Buildings Buildings on Freehold Freehold on - 1,215,003 - --- - 78,059 ------21,720 ---- 178,059 11,600 - 78,059 ------33,320 911,000 678,056 - Land 36,596,500 7,122,350 231,979 37,507,500 8,837,350 231,979 37,507,500 8,837,350 198,659 36,596,500 7,122,350 210,259 Note 8D: Analysis of Property (Land, Buildings(Consolidated) & Infrastructure),basis valuation of Plant, Equipmentirrespective andVehiclesassets all for 2009–10 summary A1—Movement TABLE Item Gross Value at 1 July 2009 July 1 at Value Gross Revaluations: write-ups/ write-ups/ Revaluations: (write-downs) Additions Assets transferred in/(out) transferred Assets Revaluation adjustment arising arising adjustment Revaluation basis value fair of adoption on Disposals Gross value as at 30 June 2010 June 30 at as value Gross Accumulated Depreciation as as Depreciation Accumulated 2009 July 1 at Disposals year the for charge Depreciation Revaluation adjustment arising arising adjustment Revaluation basis value fair of adoption on Assets transferred in/(out) transferred Assets Write-offs Accumulated Depreciation Depreciation Accumulated 2010 June 30 as at Net book value as at at as value book Net 30 June 2010 Net book value as at 1 July 2009 July 1 at as value book Net Wreck Bay Aboriginal Community Council Community Aboriginal Bay Wreck ABN: 62 564 797 956 Notes to and forming part of the financial statements ended 30th June 2011 the year For

78 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 79 ------46,181 493,164 239,271 288,402 527,673 TOTAL 46,733,910 47,273,255 46,745,582 46,494,639 ------Plant & Plant Equipment Furniture Vehicles ------5,402 21,694 6,045 13,040 2,704 193,381 4,782 99,514 5,562 22,414 11,825 21,936 9,564 218,235 48,504 158,311 7,020 25,574 49,502 67,693 40,298 117,507 109,631 121,624 48,40433,278 332,582 120,458 91,933 234,178 60,129 53,931 38,840 114,347 71,954 75,867 Computer Computer Equipment ------192,783 226,665 226,665 Buildings 46,344,850 46,537,633 46,310,968 46,344,850 Total Land & Land Total ------Building Building Leasehold Leasehold Improvements - - -- 192,783 - - - - - Land Buildings Buildings on Freehold Freehold on ------220,937 5,728 - - 220,937 5,728 Land 37,507,500 8,837,350 37,507,500 8,837,350 192,783 37,507,500 8,616,413 187,055 37,507,500 8,837,350 Note 8D: Analysis of Property (Land, Buildings(Council) & Infrastructure),basis valuation of Plant, Equipmentirrespective andVehiclesassets all for 2010–11 summary A2—Movement TABLE Item Gross Value at 1 July 2010 July 1 at Value Gross Additions / write-ups Revaluations: (write-downs) Assets transferred in/(out) transferred Assets on arising adjustment Revaluation basis value fair of adoption Disposals Gross value as at 30 June 2011 June 30 at as value Gross Accumulated Depreciation as at as at Depreciation Accumulated 2010 July 1 Disposals Depreciation charge for the year the for charge Depreciation on arising adjustment Revaluation basis value fair of adoption Assets transferred in/(out) transferred Assets Accumulated Depreciation as at as at Depreciation Accumulated 2011 June 30 at as value book Net 30 June 2011 Net book value as at 1 July 2010 July 1 at as value book Net Wreck Bay Aboriginal Community Council Community Aboriginal Bay Wreck ABN: 62 564 797 956 Notes to and forming part of the financial statements ended 30th June 2011 the year For

80 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 81 - - - - 78,059 78,059 214,511 202,819 239,271 TOTAL 1,283,339 1,589,056 44,039,574 46,733,910 46,494,639 43,825,063 ------Plant & Plant Equipment Furniture Vehicles ------5,593 9,588 45,155 8,000 6,271 4,073 2,694 11,722 7,020 25,574 49,502 67,693 7,698 20,059 7,041 71,415 34,705 107,919 64,476 113,624 40,298 117,507 109,631 121,624 27,007 87,860 57,435 42,209 33,278 91,933 60,129 53,931 Computer Computer Equipment ------78,059 78,059 178,059 1,215,003 1,589,056 Buildings 43,718,850 46,344,850 46,344,850 43,718,850 Total Land & Land Total ------Buildings on on Buildings Freehold Land Freehold - 1,215,003 - - 78,059 - - - - 178,059 - 78,059 - - 911,000 678,056 Land 36,596,500 7,122,350 37,507,500 8,837,350 37,507,500 8,837,350 36,596,500 7,122,350 Gross Value at 1 July 2009 July 1 at Value Gross Note 8D: Analysis of Property (Land, Buildings(Council) & Infrastructure),basis valuation of Plant, Equipmentirrespective andVehiclesassets all for 2009–10 summary A2—Movement TABLE Item Additions Revaluations: write-ups / write-ups Revaluations: (write-downs) Assets transferred in/(out) transferred Assets Revaluation adjustment arising on on arising adjustment Revaluation basis value fair of adoption Disposals Gross value as at 30 June 2010 June 30 at as value Gross Accumulated Depreciation as at as at Depreciation Accumulated 2009 July 1 Disposals Depreciation charge for the year the for charge Depreciation Revaluation adjustment arising on on arising adjustment Revaluation basis value fair of adoption Assets transferred in/(out) transferred Assets Accumulated Depreciation as at as at Depreciation Accumulated 2010 June 30 Net book value as at at as value book Net 30 June 2010 Net book value as at 1 July 2009 July 1 at as value book Net Wreck Bay Aboriginal Community Council Community Aboriginal Bay Wreck ABN: 62 564 797 956 Notes to and forming part of the financial statements ended 30th June 2011 the year For

80 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 81 Wreck Bay Aboriginal Community Council ABN: 62 564 797 956 Notes to and forming part of the financial statements For the year ended 30th June 2011

Consolidated Council Note 2011 2010 2011 2010 $ $ $ $

Note 9: Provisions

Note 9A: Employees Salaries 48,174 20,243 48,174 8,204 Leave 114,500 143,362 114,500 22,297 Superannuation 14,641 14,725 14,641 2,745 Payroll tax 8,433 28,433 8,433 - Total employees provisions 185,748 206,763 185,748 33,246

Employee provisions are expected to be settled in: No more than 12 months 156,544 183,854 156,544 30,674 More than 12 months 29,204 22,909 29,204 2,572 Total employees provisions 185,748 206,763 185,748 33,246

Note 10: Payables

Note 10A: Suppliers Rent in advance (Park) 64,374 70,244 64,374 70,244 Grants in advance 70,794 343,008 70,794 343,008 Subsidiary (WBEL) - - - 13,176 Trade Creditors 213,246 119,936 213,246 22,149 Accrued Expenses 52,190 50,790 52,190 34,790 Total supplier payables 400,604 583,978 400,604 483,367

All supplier payables are current.

82 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 Wreck Bay Aboriginal Community Council ABN: 62 564 797 956 Notes to and forming part of the financial statements For the year ended 30th June 2011

Consolidated Council Note 2011 2010 2011 2010 $ $ $ $ Note 11: Borrowings

Obligations under finance leases and hire purchase contracts 123,178 188,950 - - Other Loan - Non-interest bearing - - - - Total loan liability 123,178 188,950 - -

Payable: Within one year: Minimum payments 110,121 76,724 - - Deduct: future finance charges (5,745) 952 - - 104,376 65,772 - -

In one to five years: Minimum payments 19,867 129,988 - - Deduct: future finance charges (1,065) (6,810) - - 18,802 123,178 - -

Finance leases recognised on the balance sheet 123,178 188,950 - -

A Hire Purchase was issued in June 2007 to the controlled entity Wreck Bay Enterprises limited and is repayable in monthly instalments beginning June 2007 to June 2012. The interest rate implicit in the loan is 8.9%.

Finance leases exist in relation to 5 motor vehicles. The leases are non-cancellable and for fixed terms being 4 years. The interest rate implicit in the leases averaged 9.7%. The leased assets secure the lease liabilities. There are no contingent rentals.

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 83 Wreck Bay Aboriginal Community Council ABN: 62 564 797 956 Notes to and forming part of the financial statements For the year ended 30th June 2011

Consolidated Council Note 2011 2010 2011 2010 $ $ $ $ Note 12: Cash Flow Reconciliation (a) Reconciliation of cash and cash equivalents as per Balance Shee to Cash Flow Statement Cash and Cash Equivalents as per: Cash flow statement 934,685 501,509 929,837 602,696 Balance Sheet 934,685 501,509 929,837 602,696 Difference - - - - (b) Reconciliation of net cost of services to net cash from operating activities: Net cost of services (1,482,034) 343,876 (1,526,027) 275,264 Add revenue from Government 1,716,567 2,397,749 1,716,567 2,397,749 Less income tax expense/ (benefit) - - - -

Adjustments for non-cash items Depreciation of property, plant & equipment 360,481 311,871 288,404 202,819 Gain on disposal of assets - - - - Net write down of non-financial assets 8,120 33,232 - -

Changes in assets and liabilities (Increase)/decrease in receivables 215,430 36,860 (48,909) (55,354) (Increase)/decrease in intercompany loan - - (126,452) - Increase/(decrease) in payables 44,441 107,448 177,923 22,837 Increase/(decrease) in tax liabilities 4,021 9,034 - - Increase/(decrease) in staff and other provisions (19,617) (85,566) 169,901 (36,175) Increase/(decrease) in prepaid income (278,084) (921,400) (278,084) (921,400) Net cash provided by operating activities 569,325 2,233,104 373,323 1,885,740

84 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 Wreck Bay Aboriginal Community Council ABN: 62 564 797 956 Notes to and forming part of the financial statements For the year ended 30th June 2011

Consolidated Council 2011 2010 2011 2010 $ $ $ $ Note 13: Directors Remuneration The number of non-executive directors of the Council included in these figures are shown below in the relevant remuneration bands: less than $150,000 10 9 9 8 Total number of directors of the Council 10 9 9 8 Total remuneration received or due and receivable by Directors of the Council 81,641 129,686 17,799 82,711 Remuneration of executive directors is included in Note 14: Senior Executive Remuneration

Note 14: Senior Executive Remuneration Note 14A: Senior Executive Remuneration Expense for the Reporting Period Note: During the reporting period, there were no senior executives whose total remuneration were $150,000 or more.

Note 14B: Average Annual Packages and Bonus Paid for Substantive Senior Executives as at the end of the Reporting Period

Consolidated as at 30 June 2011 Fixed Elements and Bonus Paid Senior Fixed Elements Executives Salary Allowances Total No. $ $ $ Total remuneration (including part-time arrangements): less than $150,000 3 333,959 - 333,959 Total 3

Council as at 30 June 2011 Fixed Elements and Bonus Paid Senior Fixed Elements Executives Salary Allowances Total No. $ $ $ Total remuneration (including part-time arrangements): less than $150,000 2 227,400 - 227,400 Total 2

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 85 Wreck Bay Aboriginal Community Council ABN: 62 564 797 956 Notes to and forming part of the financial statements For the year ended 30th June 2011

Consolidated as at 30 June 2010 Senior Fixed Elements Fixed Elements and Bonus Paid Executives Salary Allowances Total No. $ $ $ Total remuneration (including part- time arrangements): less than $150,000 3 325,479 - 325,479 Total 3

Council as at 30 June 2010 Senior Fixed Elements Fixed Elements and Bonus Paid Executives Salary Allowances Total No. $ $ $ Total remuneration (including part- time arrangements): less than $150,000 2 223,455 - 223,455 Total 2 Notes: This table reports substantive senior executives who were eomployed by the entity at the end of the reporting period. Fixed elements were based on the employment agreement of each individual. Each row represents an average annualised figure (based on headcount) for the individuals in that remuneration package band (i.e. the 'Total' column). Variable Elements: Variable elements were not included in the 'Fixed Elements and Bonus Paid' table above. The following variable elements were available as part of Senior executives' remuneration package: (a) On average senior executives were entitled to the following leave entitlements: - Annual Leave (AL): entitled to 20 days (2010: 20 days) each full year worked (pro-rata for part-time); - Personal Leave (PL): entitled to 12 days (2010: 12days) or part-time equivalent; and - Long Service Leave (LSL): in accordance with Long Service Leave (Commonwealth Employees) Act 1976. (b) Senior executives were members of one of the following superannuation funds: - AMP Superannuation: employer contributions were set at 9% (2010:9%) - Plan B: employer contributions were set at 9% (2010:9%) - Integral Superannuation: employer contributions were set at 9% (2010:9%) Note 14C: Other Highly Paid Staff During the reporting period, there were no employees whose salary plus performance bonus were $150,000 or more. Consolidated Council Note 15: Remuneration of 2011 2010 2011 2010 Auditors $ $ $ $ Remuneration to the Auditor-General for auditing the financial statements for the reporting period 32,000 35,480 32,000 19,990 No other services were provided by the Auditor-General during the reporting period.

86 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 Wreck Bay Aboriginal Community Council ABN: 62 564 797 956 Notes to and forming part of the financial statements For the year ended 30th June 2011

Consolidated Council Note 2011 2010 2011 2010 Note 16: Financial Instruments $ $ $ $ 16A Categories of financial instruments Financial assets Loans and receivables: Cash on hand or at deposit 934,685 500,159 929,837 602,596 Receivables for goods and services 216,213 382,296 216,213 166,827 Interest receivable 13,506 13,984 13,506 13,984 Income tax refundable - 4,021 - - Investment in subsidiary - - 293,659 342,522 Loan to subsidiary - - - 250,000 Total 1,164,404 900,460 1,453,215 1,375,929 Carrying amount of financial assets 1,164,404 900,460 1,453,215 1,375,929

Financial liabilities Other financial liabilities Trade creditors 213,246 119,936 213,246 22,149 Accrued expenses 52,190 50,790 52,190 34,790 Borrowings 123,178 188,950 - - Rent in Advance (PARK) 64,374 70,244 64,374 70,244 Grants in Advance 70,794 343,008 70,794 343,008 Subsidiary (WBEL) - - - 13,176 Total 523,782 772,928 400,604 483,367 Carrying amount of financial liabilities 523,782 772,928 400,604 483,367

16B Net income and expense from financial assets Loans and receivables Interest revenue 39,789 41,009 39,518 39,989 Net gain/(loss) loans and receivables 39,789 41,009 39,518 39,989 Net gain/(loss) from financial assets 39,789 41,009 39,518 39,989

16C Net income and expense from financial liabilities Financial liabilities - at amortised cost Interest Expense 11,345 15,534 - - Net gain/(loss) financial liabilities - amortised cost 11,345 15,534 - - Net gain/(loss) from financial liabilities 11,345 15,534 - -

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 87 Wreck Bay Aboriginal Community Council ABN: 62 564 797 956 Notes to and forming part of the financial statements For the year ended 30th June 2011

16D Fair value of financial instruments

Consolidated Carrying amount Fair Value Carrying amount Fair Value FINANCIAL LIABILITIES 2011 2011 2010 2010 Other liabilities Borrowings 123,178 123,178 188,950 188,950 Total 123,178 123,178 188,950 188,950

Council Carrying amount Fair Value Carrying amount Fair Value FINANCIAL LIABILITIES 2011 2011 2010 2010 Other liabilities Borrowings - - - - Total - - - -

16E Credit Risk The maximum exposure to credit risk is the risk that arises from potential default of a debtor. This amount is equal to the total amount for trade receivables ( Council 2011: $216,213 and 2010: $166,827; Subsidiary 2011: $nil and 2010: $268,360). Wreck Bay Aboriginal Community Council has assessed the risk of the default on payment and has allocated $nil in 2011 (2010: $nil) to an allowance for doubtful debts account. The Council manages its credit risk by undertaking background and credit checks prior to allowing a debtor relationship. In addition, it has policies and procedures that guide employees debt recovery techniques that are to be applied. Wreck Bay Aboriginal Community Council has no collateral to mitigate against credit risk. Credit risk of financial instruments not past due or individually determined as impaired: Consolidated Not Past Due Not Past Due Nor Past Due or Past Due or Nor Impaired Impaired 2010 Impaired 2011 Impaired 2010 2011 $ $ $ $ Receivables for goods and services 157,683 284,326 58,530 97,970 Total 157,683 284,326 58,530 97,970

Council Not Past Due Not Past Due Nor Past Due or Past Due or Nor Impaired Impaired 2010 Impaired 2011 Impaired 2010 2011 $ $ $ $ Receivables for goods and services 157,683 84,717 58,530 82,110 Total 157,683 84,717 58,530 82,110

88 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 Wreck Bay Aboriginal Community Council ABN: 62 564 797 956 Notes to and forming part of the financial statements For the year ended 30th June 2011

Ageing of financial assets that are past due but not impaired for 2011

Consolidated 1 to 30 days 31 to 60 61 to 90 days 90+ days Total $ days $ $ $ $ Receivables for goods and services 8,749 799 4,620 44,362 58,530 Total 8,749 799 4,620 44,362 58,530

Council 1 to 30 days 31 to 60 days 61 to 90 days 90+ days Total $ $ $ $ $ Receivables for goods and services 8,749 799 4,620 44,362 58,530 Total 8,749 799 4,620 44,362 58,530

Ageing of financial assets that are past due but not impaired for 2010

Consolidated 1 to 30 days 31 to 60 days 61 to 90 days 90+ days Total $ $ $ $ $ Receivables for goods and services 18,305 1,893 22,278 55,494 97,970 Total 18,305 1,893 22,278 55,494 97,970

Council 1 to 30 days 31 to 60 days 61 to 90 days 90+ days Total $ $ $ $ $ Receivables for goods and services 550 550 22,277 58,733 82,110 Total 550 550 22,277 58,733 82,110

Consolidated & Council Loans and receivables for goods and services amounting to $nil (2010: $nil) have been individually assessed at 30th June 2011 as impaired.

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 89 Wreck Bay Aboriginal Community Council ABN: 62 564 797 956 Notes to and forming part of the financial statements For the year ended 30th June 2011

16F Liquidity Risk Wreck Bay Aboriginal Community Council's financial liabilities are payables, finance leases and other interest and non-interest bearing liabilities. The exposure to liquidity risk is based on the notion that the Council will encounter difficulty in meeting its obligations associated with financial liabilities. This is highly unlikely due to Government funding and internal policies and procedures put in place to ensure there are appropriate resources to meet its financial liabilities. The following table illustrates the maturities for financial liabilities: Consolidated On Demand Wtihin 1 1 to 5 Years > 5 Years Total 2011 2011 $ Year 2011 $ 2011 $ 2011 $ $ Trade creditors - 213,246 -- 213,246 Accrued expenses - 52,190 -- 52,190 Borrowings - 104,376 18,802 - 123,178 Rent in Advance (PARK) - 64,374 -- 64,374 Grants in Advance - 70,794 -- 70,794 Total - 504,980 18,802 - 523,782 On Demand Wtihin 1 Year 1 to 5 Years > 5 Years Total 2010 2010 $ 2010 $ 2010 $ 2010 $ $ Trade creditors - 119,936 - - 119,936 Accrued Expenses - 50,790 - - 50,790 Borrowings - 65,772 123,178 - 188,950 Rent in Advance (PARK) - 70,244 - - 70,244 Grants in Advance - 343,008 - - 343,008 Total - 649,752 123,178 - 772,928 Council On Demand Wtihin 1 1 to 5 Years > 5 Years Total 2011 2011 $ Year 2011 $ 2011 $ 2011 $ $ Trade creditors - 213,246 - - 213,246 Accrued expenses - 52,190 - - 52,190 Subsidiary (WBEL) - - - - - Rent in Advance (PARK) - 64,374 - - 64,374 Grants in Advance - 70,794 - - 70,794 Total - 400,604 - - 400,604 On Demand Wtihin 1 Year 1 to 5 Years > 5 Years Total 2010 $ 2010 $ 2010 $ 2010 $ 2010 $ Trade creditors - 22,149 - - 22,149 Accrued expenses - 34,790 - - 34,790 Subsidiary (WBEL) - 13,176 - - 13,176 Rent in Advance (PARK) - 70,244 - - 70,244 Grants in Advance - 343,008 - - 343,008 Total - 483,367 - - 483,367 Wreck Bay Aboriginal Community Council is funded by the Australian Government. The Council manages its budgeted funds to ensure it has adequate funds to meet payments as they fall due. In addition, Council has policies in place to ensure timely payment are made when due and has no past experience of default.

90 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 Wreck Bay Aboriginal Community Council ABN: 62 564 797 956 Notes to and forming part of the financial statements For the year ended 30th June 2011

16G Market Risk Wreck Bay Aboriginal Community Council Limited holds basic financial instruments that do not expose the entity to certain market risks. Wreck Bay Aboriginal Community Council is not exposed to ‘currency risk’ or ‘other price risk’.

Interest Rate Risk

Financial Assets: The Council maintains operating and interest bearing bank accounts to manage cash. The operating and interest bearing bank accounts bear interest at rates from 0.01% to 8.25% (2010: 0.01% to 8.25%).

Other Liabilities: The finance leases and interest bearing liabilities have fixed interest rates and thus do not expose the company to changes in market interest rates. The interest rates vary between 7.5% to 11.05% (2010: 7.5–11.05%). Note 17: Compensation in Debt Relief Consolidated Council 2011 2010 2011 2010 $ $ $ $ There were no 'Act of Grace' expenses incurred during the reporting period (2010: Nil) - - - -

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 91 Wreck Bay Aboriginal Community Council ABN: 62 564 797 956 Notes to and forming part of the financial statements For the year ended 30th June 2011 Note 18: Reporting of Outcomes Council uses an Activity Based Costing System to determine the attribution of its shared items. The system was based on a time and motion study for corporate activities conducted in the year 2009 for the 2009–10 budget. An update of the time and motion study was concluded for the 2009–10 budget. The basis of the attribution table below is consistent with the basis used for the budget.

Note 18A: Net Cost of Outcome Delivery

Outcome 1 Outcome 2 Total 2011 2010 2011 2010 2011 2010 $ $ $ $ $ $ Expenses 2,106,135 1,952,758 2,201,134 2,172,434 4,307,269 4,125,192 Income from non- government sector Activities subject to cost recovery ------Other 763,710 677,494 2,061,525 2,103,822 2,825,235 2,781,316 Total 763,710 677,494 2,061,525 2,103,822 2,825,235 2,781,316 Other own-source income ------Net cost of outcome delivery 1,342,425 1,275,264 139,609 68,612 1,482,034 1,343,876

Outcomes 1 and 2 are described in Note 1.1. Net costs shown include intra-government costs that are eliminated in calculating the actual budget outcome.

92 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 Wreck Bay Aboriginal Community Council ABN: 62 564 797 956 Notes to and forming part of the financial statements For the year ended 30th June 2011

Note 18B: Major Classes of Expenses, Income, Assets and Liabilities by Outcomes Outcome 1 Outcome 2 Total 2011 2010 2011 2010 2011 2010 $ $ $ $ $ $ Expenses: Employee benefits 985,522 830,927 1,251,481 1,338,769 2,237,003 2,169,696 Supplier expenses 379,161 393,188 627,333 494,735 1,006,494 887,923 Occupancy expenses 52,359 71,292 23,286 11,615 75,645 82,907 Community grants 99,503 64,589 - - 99,503 64,589 Depreciation expense 254,727 202,819 105,752 109,052 360,479 311,871 Finance Costs - - 11,345 15,534 11,345 15,534 Write down and - - 8,120 33,232 8,120 33,232 impairment of assets Other expenses 334,863 389,943 173,817 169,497 508,680 559,440 Total 2,106,135 1,952,758 2,201,134 2,172,434 4,307,269 4,125,192 Income: Rendering of services 724,344 637,505 2,061,102 2,102,802 2,785,446 2,740,307 Interest 39,366 39,989 423 1,020 39,789 41,009 Sale of assets ------Revenues from 1,716,567 2,397,749 - - 1,716,567 2,397,749 Government Income tax benefit ------Total 2,480,277 3,075,243 2,061,525 2,103,822 4,541,802 5,179,065 Assets Cash 929,837 602,696 4,848 1,250 934,685 603,946 Receivables 229,719 180,811 - 268,360 229,719 449,171 Loans to subsidiary - 250,000 - - - 250,000 Land & Buildings 46,310,968 46,344,850 - 198,659 46,310,968 46,543,509 Infrastructure, plant & 276,303 82,096 87,799 320,437 364,102 402,533 equipment Leased Vehicles - - 83,297 108,284 83,297 108,284 Vehicles 158,311 67,693 3,714 96,596 162,025 164,289 Total 47,905,138 47,528,146 179,658 993,586 48,084,796 48,521,732 Liabilities Employees 185,748 33,246 - 173,518 185,748 206,764 Suppliers 400,604 483,367 - 149,481 400,604 632,848 Borrowings - - 123,178 541,387 123,178 541,387 Deferred tax liability - - - 20,355 - 20,355 Total 586,352 516,613 123,178 884,741 709,530 1,401,354 Outcomes 1 and 2 are described in Note 1.1. Net costs shown include intra-government costs that are eliminated in calculating actual Budget outcome.

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 93 WBEL

Financial Statement – Director’s Report 95 – Independent Auditor’s Report 96 – Statement of Comprehensive Income 99 – Statement of Financial Position 100 – Statement of Changes in Equity 101 –Statement of Cash Flow 102 – Notes to Financial Statements 103

94 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 Directors Report Your Directors are pleased to present the financial statements of the Wreck Bay Aboriginal Community Council’s (WBACC) wholly owned subsidiary—Wreck Bay Enterprises Limited (WBEL) as at 30th June 2011. This is the eleventh annual report for the company and details the tenth full year of trading of the company.

The Year’s Results The Company made a net profit of $29,796 during the year after deductions of non-cash items consisting of depreciation ($86,739) on assets and staff entitlements ($96,076) at 30 June 2011. Taking into account these figures WBEL made a gross profit of $212,611 for the 2010–2011 financial year. Sales for the year were $2,078,476 in comparison with $2,103,822 during 2009–2010, $2,143,887 during 2008–2009 and $2,424,518 during 2007-2008. During the year WBEL paid $1,250,000 in employee benefits. This is an important input in the form of salaries into the Wreck Bay Community. Whilst the income for the company has declined during the past years, the organisation is well supported by its major customers: Booderee National Park and Serco Sodexho, and its parent organisation the WBACC. We express our thanks to all those entities who have given WBEL the opportunity to participate in their operations. It is important to mention that during the year the Company has operated without any Government grant or subsidy of any kind. This outcome is in keeping with the Community’s Vision Statement and Goals to be financially independent.

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 95 96 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 97 98 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 Wreck Bay Enterprises Limited ABN: 42 093 444 869 Statement of Comprehensive Income For the year ended 30th June 2011

2011 2010 Note $ $ Revenue from ordinary activities 2 1,091,700 2,103,822 Other income 2 - - 1,091,700 2,103,822

Expenses Materials 276,769 494,735 Employee benefits expense 578,722 1,338,769 Depreciation and amortisation expense 3(a) 72,077 109,052 Accommodation expenses 8,734 11,615 Finance Costs 11,345 15,534 Loss on disposal of non-current assets 8,120 33,232 Other expenses from ordinary activities 91,940 169,497

Total expenses from ordinary activities 1,047,707 2,172,434

Profit/(loss) from ordinary activities before income tax 43,993 (68,612)

Income tax (expense)/benefit relating to ordinary activities 4 - -

Profit/(loss) from ordinary activities after income tax expense attributable to members of parent entity 43,993 (68,612)

Net increase in asset revaluation reserve - -

Total changes in equity other than those resulting from transactions with owners as owners 43,993 (68,612)

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 99 Wreck Bay Enterprises Limited ABN: 42 093 444 869 Statement of Financial Position As at 30th June 2011

2011 2010 Note $ $ Current assets Cash and cash equivalents 5 4,848 1,250 Trade and other receivables 6 - 268,360

Total current assets 4,848 269,610

Non-current assets

Property, vehicles, plant and equipment 7 174,810 723,976

Total non-current assets 174,810 723,976

Total assets 179,658 993,586

Current liabilities Operations bank account 8 - 102,437 Trade and other payables 9 - 149,481 Employee benefits 10 - 153,182 Short term borrowings 11 104,376 65,772 Current tax liabilities - -

Total current liabilities 104,376 470,872

Non-current liabilities Long term borrowings 11 18,802 373,178 Employees benefits 10 - 20,336 Deferred tax liability 4 - 20,355

Total non-current liabilities 18,802 413,869

Total liabilities 123,178 884,741

Net assets 56,480 108,845

Equity Capital 13 293,660 342,522 Asset revaluation reserve - 47,495 Accumulated deficit (237,180) (281,172)

Total equity 56,480 108,845

100 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 Wreck Bay Enterprises Limited ABN: 42 093 444 869 Statement of Changes in Equity As at 30th June 2011

Asset Contributed Retained Revaluation Equity/ Earnings Reserve Capital Total

Opening Balance at 1 July 2009 (212,561) 47,495 342,522 177,456

Income & Expenses recognised directly in Equity - - - -

Surplus (Deficit) for the period (68,612) - - (68,612)

Closing Balance at 30 June 2010 (281,173) 47,495 342,522 108,844

Opening Balance at 1 July 2010 (281,173) 47,495 342,522 108,844

Transfers to/(from) Parent Entity (67,850) (48,863) (116,713)

Income & Expenses recognised directly in Equity - 20,355 - 20,355

Surplus (Deficit) for the period 43,993 - - 43,993

Closing Balance at 30 June 2011 (237,180) - 293,659 56,479

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 101 Wreck Bay Enterprises Limited ABN: 42 093 444 869 Statement of Cash Flows For the year ended 30th June 2011

2011 2010 Note $ $ CASH FLOWS FROM OPERATING ACTIVITIES

Receipts from customers 1,352,953 1,970,713 Payments to suppliers and employees (1,149,898) (1,928,813) Interest Received 271 1,020 Finance Costs (11,345) (15,534) Income Tax Paid 4,021 9,034 Net cash provided by/(used in) operating activities 19(b) 196,002 36,420

CASH FLOWS FROM INVESTING ACTIVITIES

Purchase of plant & equipment 7(a) (24,195) (25,937)

Proceeds on disposal of Plant & Equipment - -

Net cash (used in) investing activities (24,195) (25,937)

CASH FLOWS FROM FINANCING ACTIVITIES

Proceeds from borrowings - 100,000

Repayment of borrowings (65,772) (69,002)

Net cash provided by/(used in) financing activities (65,772) 30,998

Net increase/(decrease) in cash held 106,035 41,481

Cash at the beginning of the year (101,187) (142,668)

Cash at the end of the year 19(a) 4,848 (101,187)

102 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 Wreck Bay Enterprises Limited ABN: 42 093 444 869 Notes to Financial Statements For the year ended 30th June 2011 Note 1: Summary of Significant Accounting Policies The financial report is a general purpose financial report that has been prepared in accordance with the Corporations Act 2001, Accounting Standards, including Australian Accounting Interpretations and other authoritative pronouncements of the Australian Accounting Standards Board (AASB). The financial report is for the entity Wreck Bay Enterprises Limited as an individual entity. Wreck Bay Enterprises Limited is a company limited by guarantee, incorporated on the 27th June 2000 and domiciled in Australia.

Basis of Preparation Australian Accounting Standards set out accounting policies that the AASB has concluded that would result in a financial report containing relevant and reliable information about transactions, events and conditions to which they apply. Material accounting policies adopted in preparation of this financial report are presented below. They have been consistently applied unless otherwise stated. The financial report has been prepared on an accrual basis and is based on historical costs and does not take into account changing money values, or except where stated, current valuations of non-current assets. Cost is based on fair values of the consideration given in exchange for assets.

Taxes Income Tax: The charge for current income tax expense is based on the profit for the year adjusted for any non- assessable or disallowed items. It is calculated using tax rates that have been enacted or are substantially enacted by the balance sheet date. Deferred tax is accounted for using the balance sheet liability method in respect of temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. No deferred income tax will be recognised from the initial recognition of an asset or liability where there is no effect on accounting or taxable profit or loss. Deferred tax is calculated at the tax rates that are expected to apply to the period when the asset is realised or liability is settled. Deferred tax is credited in the income statement except where it relates to items that may be credited directly to equity, in which case the deferred tax is adjusted directly against equity. Deferred income tax assets are recognised to the extent that it is probable that future tax profits will be available against which deductible temporary differences can be utilised. The amount of benefits brought to account or which may be realised in the future is based on the assumption that no adverse change will occur in income taxation legislation and the anticipation that the company will derive sufficient future assessable income to enable the benefit to be realised and comply with the conditions of deductibility imposed by the law.

GST: Revenues, expenses and assets are recognised net of the amount of GST, except where the amount incurred is not recoverable from the Australian Tax Office. In these circumstances the GST is recognised as part of the cost of the acquisition of the asset or as part of an item of the expense. Receivables and payables in the Balance Sheet are shown inclusive of GST.

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 103 Wreck Bay Enterprises Limited ABN: 42 093 444 869 Notes to Financial Statements For the year ended 30th June 2011

Property, Plant and Equipment Each class of property, plant and equipment is carried at fair value less, where applicable, any accumulated depreciation and impairment losses.

Plant and equipment Leasehold improvements, plant and equipment are measured on the fair value basis.

Fair values for each class of asset are determined as shown below:

Asset Class Fair Value measured at: Leasehold Improvements Depreciated Replacement Cost Office & Computer Equipment Depreciated Replacement Cost Furniture & Fittings Depreciated Replacement Cost Plant & Equipment Market Selling Price Motor Vehicle Market Selling Price

Depreciation The depreciable amount of all fixed assets is depreciated on a straight line basis over the useful lives to the company commencing from the time the asset is held ready for use.

The depreciation rates used for each class of depreciable asset are:

Class of Fixed Asset Depreciation Rate Leasehold improvements 2.5 – 5% Computers and Office Equipment 33.30% Furniture and fittings 20% Motor Vehicles 10% Plant and Equipment 10%

The asset's residual values and useful lives are reviewed, and adjusted if appropriate, at each balance sheet date. An asset's carrying amount is written down immediately to its recoverable amount if the asset's carrying amount is greater than it's estimated recoverable amount. Gain and losses on disposals are determined by comparing proceeds with the carrying amount. These gains or losses are included in the income statement.

Capitalisation Thresholds Property, plant and equipment assets costing $300 (or the amount determined by the company) and above individually (or forming part of a network costing more than $300) are capitalised.

104 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 Wreck Bay Enterprises Limited ABN: 42 093 444 869 Notes to Financial Statements For the year ended 30th June 2011 Impairment of Assets At each reporting date, the company reviews the carrying values of its tangible assets to determine whether there is any indication that those assets have been impaired. If such and the indication exists, the recoverable amount of the asset, being the higher of the asset's fair value less costs to sell and value in use, is compared to the asset's carrying value. Any excess of the asset's recoverable amount is expensed to the Income Statement. Where the future economic benefits of the asset are not primarily dependent upon the asset's ability to generate net cash inflows and when the company would, if deprived of the asset, replace its remaining future economic benefits, value in use is the depreciated replacement cost of an asset.

Leases Leases of fixed assets where substantially all the risks and benefits incidental to the ownership of the asset, but not the legal ownership are transferred to the company are classified as finance leases. Lease payments for operating leases, where substantially all the risks and benefits remain with the lessor, are charged as expenses on a straight-line basis over the lease term.

Employee Benefits Provision is made for the company’s liability for employee benefits arising from services rendered by employees to balance date. Employee benefits expected to be settled within one year together with benefits arising from wages and salaries, and annual leave which will be settled after one year have been measured at the amounts expected to be paid when the liability is settled. Other employee benefits payable later than one year have been measured at the net present value.

Contributions are made by the company to an employee superannuation fund and are charged as expenses when incurred.

Cash and cash equivalents Cash and cash equivalents in the balance sheet comprise cash on hand and in at call deposits with banks or financial institutions, investments in money markets instruments maturing within less than three months. For the purpose of the Cash Flow Statement, cash and cash equivalents consist of cash and cash equivalents as defined above, net of outstanding bank overdrafts. Bank overdrafts are included in current liabilities on the balance sheet.

Revenue Revenue from the sale of goods is recognised upon the delivery of goods to customers. Interest revenue is recognised on a proportional basis taking into account the interest rates applicable to the financial assets. Revenue from the rendering of a service is recognised upon the delivery of the service to the customers. All revenue is stated net of the amount of goods and services tax (GST).

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 105 Wreck Bay Enterprises Limited ABN: 42 093 444 869 Notes to Financial Statements For the year ended 30th June 2011 Financial assets The company classifies its financial assets as 'loans and receivables''. The classification depends on the nature and purpose of the financial assets and is determined at the time of initial recognition. Financial assets are recognised and derecognised upon ‘trade date’.

Effective interest method The effective interest method is a method of calculating the amortised cost of a financial asset and of allocating interest income over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset, or, where appropriate, a shorter period. Income is recognised on an effective interest rate basis.

Loans and receivables Trade receivables, loans and other receivables that have fixed or determinable payments that are not quoted in an active market are classified as ‘loans and receivables’. They are included in current assets, except for maturities greater than 12 months after the balance sheet date. These are classified as non current assets. Loans and receivables are measured at amortised cost using the effective interest method less impairment. Interest is recognised by applying the effective interest rate.

Impairment of financial assets Financial assets are assessed for impairment at each balance date. Financial assets held at amortised cost - If there is objective evidence that an impairment loss has been incurred for loans and receivables held at amortised cost, the amount of the loss is measured as the difference between the asset’s carrying amount and the present value of estimated future cash flows discounted at the asset’s original effective interest rate. The carrying amount is reduced by way of an allowance account. The loss is recognised in the Income Statement.

Financial Liabilities Financial liabilities are classified as either financial liabilities ‘at fair value through profit or loss’ or other financial liabilities. Financial liabilities are recognised and derecognised upon ‘trade date’.

Financial liabilities at fair value through profit or loss Financial liabilities at fair value through profit or loss are initially measured at fair value. Subsequent fair value adjustments are recognised in profit or loss. The net gain or loss recognised in profit or loss incorporates any interest paid on the financial liability.

Other financial liabilities Other financial liabilities, including borrowings, are initially measured at fair value, net of transaction costs. Other financial liabilities are subsequently measured at amortised cost using the effective interest method, with interest expense recognised on an effective yield basis. The effective interest method is a method of calculating the amortised cost of a financial liability and of allocating interest expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash payments through the expected life of the financial liability, or, where appropriate, a shorter period.

106 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 Wreck Bay Enterprises Limited ABN: 42 093 444 869 Notes to Financial Statements For the year ended 30th June 2011

Supplier and other payables Supplier and other payables are recognised at amortised cost. Liabilities are recognised to the extent that the goods or services have been received (and irrespective of having been invoiced).

Comparative Figures When required by Accounting Standards, comparative figures have been adjusted to conform to changes in presentation for the current financial year.

Significant Accounting Estimates and Judgements The directors evaluate estimates and judgments incorporated into the financial report based on historical knowledge and best available current information. Estimates assume a reasonable expectation of a future event occurring and are based on current trends and economic data, obtained both externally and within the company.

Adoption of New and Revised Accounting Standards During the current year the Company adopted all of the new and revised Australian Accounting Standards and Interpretations applicable to its operations which became mandatory. The adoption of these standards has impacted the recognition, measurement and disclosure of certain transactions, as shown below.

AASB 101: Presentation of Financial Statements In September 2007 the Australian Accounting Standards Board revised AASB 101 and as a result, there have been changes to the presentation and disclosure of certain information within the financial statements. Below is an overview of the key changes and the impact on the Company's financial statements.

Disclosure Impact Terminology Changes—The revised version of AASB 101 contains a number of terminology changes, including amendment of the names of primary financial statements. Reporting Changes in Equity- The revised AASB 101 requires all changes in equity arising from transactions with owners, in their capacity as owners, to be presented separately from non-owner changes in equity. Owner changes in equity are to be presented in the Statement of Changes in Equity, with non-owner changes in equity presented in the Statement of Comprehensive Income. The previous version of AASB 101 required that owner changes in equity and other comprehensive income be presented in the Statement of Changes in Equity. Statement of Comprehensive Income—The revised AASB 101 requires all income and expenses to be presented in either one statement, the Statement of Comprehensive Income, or two statements, a separate Income Statement and a Statement of Comprehensive Income. The previous version of AASB 101 required only the presentation of a single Income Statement. The Company's financial statements now contain a Statement of Comprehensive Income. Other Comprehensive Income—The revised version of AASB 101 introduces the concept of 'other comprehensive income' which comprises income and expenses that are not recognised in profit or loss as required by other Australian Accounting Standards. Items of other comprehensive income are to be disclosed in the Statement of Comprehensive Income. Entities are required to disclose the income tax relating to each component of other comprehensive income. The previous version of AASB 101 did not contain an equivalent concept.

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 107 Wreck Bay Enterprises Limited ABN: 42 093 444 869 Notes to Financial Statements For the year ended 30th June 2011 New Accounting Standards for Application in Future Periods

The AASB has issued new and amended accounting standards and interpretation that have mandatory application dates for future reporting periods. The Company has decided against early adoption of these standards. A discussion of those future requirements and their impact follows:

(i) AASB 9: Financial Instruments & AASB 2009–11: Amendments to Australian Accounting Standards arising from AASB 9 [AASB 1,3,4,5,7,101,108,112,118,121,127,128,131,132,136,139,1023 & 11038 & Interpretations 10 & 12] (applicable for annual reporting periods commencing on or after 1 January 2013). These standards are applicable retrospectively and amend the classification and measurement of financial assets. The Company has not yet determined any potential impact on the financial statements.

(ii) AASB 2009–12: Amendments to Australian Accounting Standards [AASBs 5,8,108,110,112,119,133,137 137,102 & 1031 and Interpretations 2,4,16,1039 & 1052] (applicable annual reporting periods commencing on or after 1 January 2011). This standards makes a number of editorial amendments to a range of Australian Accounting Standards and Interpretations, including amendments to reflect changes made by the text of IFRSs by the IASB.

(iii) AASB 1053 Application of tiers of Australian Accounting Standards and AASB 2010-2 Amendments to Australian Accounting Standards—These standards are applicable for financial years ended 30 June 2014 and provide reduced annual reporting disclosures for entities meeting the criteria. The Government has, to date, not taken a position on whether the Company will be able to access this new reporting regime. The Company does not anticipate early adoption of any of the above Australian Accounting Standards.

108 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 Wreck Bay Enterprises Limited ABN: 42 093 444 869 Notes to Financial Statements For the year ended 30th June 2011

2011 2010 $ $ Note 2: Revenue and other income Operating activities —Sale of services 1,091,429 2,102,802 —Interest Income 271 1,020 Total revenue from ordinary activities 1,091,700 2,103,822 Other Income —Gain on disposal of asset - - Total Revenue 1,091,700 2,103,822 Note 3: Profit from ordinary activities Profit from ordinary activities has been determined after: (a) Expenses: Depreciation of property, plant and equipment 72,077 109,052 Remuneration of auditor—audit - 15,490 72,077 124,542 Note 4: Income Tax a) Income tax expense Profit/(loss) from ordinary activites before income tax 43,993 (68,612) Prima facie income tax expense/(benefit) calculated at 30% (2010 30%) 13,198 (20,584) Tax effect of temporary differences (44,714) (16,281) Adjustment for (over)/under provision in prior years - - Unrecognised tax losses not brought to account 31,516 36,865 Income tax expense - - b) Deferred tax asset and liability (i) Deferred tax liability Revaluation adjustment on non-current assets taken directly to equity - 20,355 (ii) Deferred tax assets Deferred tax assets not brought to account the benefits of which will only be realised if the conditions for deductibilty set out in Note 1 occur: Tax losses carried forward - - Temporary differences - 44,714 - 44,714

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 109 Wreck Bay Enterprises Limited ABN: 42 093 444 869 Notes to Financial Statements For the year ended 30th June 2011

2011 2010 Note $ $ Note 5: Cash & Cash Equivalents Cash On Hand & Floats - 1,250 Cash at Bank 4,848 - 4,848 1,250

Note 6: Trade & Other Receivables Trade and other receivables - 251,163 Income Tax Refund - 4,021 Amounts receivable from parent entity for contract work - 13,176 - 268,360

Note 7: Property, Plant and Equipment Buildings & leasehold improvements - 231,979 Less: accumulated depreciation - (33,320) - 198,659

Office & Computer Equipment - 106,299 Less: Acumulated Depreciation - (99,882) - 6,417

Furniture & Fittings - 20,233 Less: Accumulated Depreciation - (15,313) - 4,920

Plant & Equipment 126,023 453,689 Less: Accumulated Depreciation (38,224) (144,589) 87,799 309,100

Leased Vehicles 166,587 166,587 Less: Accumulated Depreciation (83,290) (58,303) 83,297 108,284

Vehicles 5,406 140,109 Less: Accumulated Depreciation (1,692) (43,513) 3,714 96,596

Total Property, Plant and Equipment 174,810 723,976

110 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 Wreck Bay Enterprises Limited ABN: 42 093 444 869 Notes to Financial Statements For the year ended 30th June 2011

Note 7(a) Movements in Carrying Amounts 2011 Movement in the carrying amounts for each class of property, plant and equipment between the beginning and the end of the current financial period Office Leasehold Equipment & Furniture Plant & Leased Building Computers & Fittings Equipment Vehicles Vehicles Improvements Total Balance at the beginning of the year 106,299 20,233 453,689 166,587 140,109 231,979 1,118,896

Transfers In/(Out) from parent entity (101,374) (20,899) (320,813) - (148,862) (231,979) (823,927)

Additions - 666 9,028 - 14,501 - 24,195

Disposals (4,925) - (15,881) - (342) - (21,148)

Revaluation increments ------

Revaluation adjustment ------

Balance at the end of the year - - 126,023 166,587 5,406 - 298,016

Balance of accumulated depreciation at the beginning of the year (99,882) (15,313) (144,589) (58,303) (43,513) (33,320) (394,920)

Transfers In/(Out) from parent entity 98,670 16,117 127,432 - 49,348 39,196 330,763

Disposals 4,409 - 8,398 - 221 - 13,028

Depreciation expense (3,197) (804) (29,465) (24,987) (7,748) (5,876) (72,077)

Revaluation adjustment ------

Balance of accumulated depreciation at the end of the year - - (38,224) (83,290) (1,692) - (123,206)

Carrying amount at the end of the year - - 87,799 83,297 3,714 - 174,810

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 111 Wreck Bay Enterprises Limited A.B.N. 42 093 444 869 Notes to the Financial Statements For the year ended 30th June 2011

Note 7(b) Movements in Carrying Amounts 2010 Movement in the carrying amounts for each class of property, plant andequipment between the beginning and the end of the current financial period Office Leasehold Equipment & Furniture & Plant & Leased Building Computers Fittings Equipment Vehicles Vehicles Improvements Total Balance at the beginning of the year 104,235 18,849 472,447 166,587 161,677 231,979 1,155,774 Transfers In/ (Out) from parent entity ------Additions 2,064 1,384 11,116 - 11,373 - 25,937 Disposals - - (29,874) - (32,941) - (62,815) Revaluation increments ------Revaluation adjustment ------Balance at the end of the year 106,299 20,233 453,689 166,587 140,109 231,979 1,118,896 Balance of accumulated depreciation at the beginning of the year (93,151) (14,085) (111,461) (33,316) (41,717) (21,720) (315,450) Transfers In/ (Out) from parent entity ------Disposals - - 14,644 - 14,938 - 29,582 Depreciation expense (6,731) (1,228) (47,772) (24,987) (16,734) (11,600) (109,052) Revaluation adjustment ------Balance of accumulated depreciation at the end of the year (99,882) (15,313) (144,589) (58,303) (43,513) (33,320) (394,920) Carrying amount at the end of the year 6,417 4,920 309,100 108,284 96,596 198,659 723,976

112 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 Wreck Bay Enterprises Limited A.B.N. 42 093 444 869 Notes to the Financial Statements For the year ended 30th June 2011

2011 2010 $ $ Note 8: Operations Bank Account Operations bank account - 102,437 - 102,437 Note 9: Trade and Other Payables Trade payables - 133,481 Accrued expenses - 16,000 - 149,481 Note 10: Employee Benefits Aggregate employee benefit provision - 173,518

Current - 153,182 Non-current - 20,336 - 173,518 Aggregate employee benefits represent liabilities for annual and long service leave including any accrued wages and superannuation. Note 11: Borrowings Current: Obligations under finance leases and hire purchase contracts 104,376 65,772 104,376 65,772 Non Current: Interest free loan from parent entity to provide startup working capital - 250,000 Obligations under finance leases and hire purchase contracts 18,802 123,178 18,802 373,178 Obligations under finance leases and hire purchase contracts are payable as follows: Within one year: Minimum payments 110,121 76,724 Deduct: future finance charges (5,745) (10,952) 104,376 65,772

In one to five years: Minimum payments 19,867 129,988 Deduct: future finance charges (1,065) (6,810) 18,802 123,178

Finance leases recognised on the balance sheet 123,178 188,950

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 113 Wreck Bay Enterprises Limited A.B.N. 42 093 444 869 Notes to the Financial Statements For the year ended 30th June 2011

2011 2010 $ $ Note 11: Borrowings Cont'd The bank loan is secured by a hire purchase contract registered over specific items of plant and equipment, and a fixed and floating charge over the assets and undertakings of the company. The parent entity, Wreck Bay Aboriginal Community Council has also provided a guarantee and indemnity to the bank limited to $180,000. The Hire Purchase is for a New Holland Front End Loader and Slasher and is for 5 years. The Hire Purchase is secured by the assets financed. The interest rate is 9.6%. Finance leases exist in relation to 5 motor vehicles. The leases are non-cancellable and for fixed terms being 4 years. The interest rate implicit in the leases averaged 9.7%. The leased assets secure the lease liabilities. There are no contingent rentals.

Note 12: Member's Guarantee Wreck Bay Enterprises Limited is limited by guarantee. If wound up, the Constitution states that the only member, Wreck Bay Aboriginal Community Council, contribute $1 towards meeting any outstanding obligations of the company.

Note 13: Contributed Equity Members Funds 1 1 Members equity contributed in the form of cash, 293,659 342,521 vehicles, plant & equipment 293,660 342,522

Note 14: Capital and Leasing Commitments The Company has no committed capital expenditure or non cancellable leasehold commitments at 30th June 2011, other than those described at Note 11.

Finance Leases 84,928 111,087 84,928 111,087 Payable: Within one year: Minimum Lease Payments 87,882 31,871 Deduct: Future Finance Charges (2,954) (5,712) In one to five years: Minimum Lease Payments - 87,882 Deduct: Future Finance Charges - (2,954) Finance leases recognised on the balance sheet 84,928 111,087 Finance leases exist in relation to 5 motor vehicles. The leases are non-cancellable and for fixed terms being 4 years. The interest rate implicit in the leases averaged 9.7%. The leased assets secure the lease liabilities. There are no contingent rentals.

114 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 Wreck Bay Enterprises Limited A.B.N. 42 093 444 869 Notes to the Financial Statements For the year ended 30th June 2011

2011 2010 $ $ Note 15: Contingencies The Company has no contingent liabilities at 30th June 2011, except for the bank loan security described in Note 11. Note 16: Payment to auditor Payments made to ANAO for audit - 15,490 No work other than the audit has been undertaken by the auditor during the financial year. Note 17: Related Party Transactions The Company provides a variety of services to the parent entity at commercial rates. It has had no dealings with other entities related to the Directors. Note 18: Key Management Personnel Remuneration Salary (including annual leave taken) 63,842 93,600 Changes in annual leave provisions (7,629) 734 Total short-term employee benefits 56,213 94,334 Superannuation (post-employment benefits) 5,659 8,424 Other long-term benefits (6,628) (7,144) Total 55,244 95,614 Note 19: Cash Flow Information (a) Reconciliation of cash

Cash at the end of the financial year ass hown in the Cash Flow Statement is reconciled to the related items in the Balance Sheet as follows: Cash on hand - 1,250 Operations bank account 4,848 (102,437) 4,848 (101,187) (b) Reconciliation of Cash Flow from operations with profit/(loss) from ordinary activities. Profit/(Loss) from ordinary activities 43,993 (68,612) Loss or (Gain) on Disposal of Asset 8,120 33,232 Non cash flows in profit from ordinary activities: Depreciation 72,077 109,052 Changes in assets and liabilities: Decrease/(Increase) in receivables 264,339 (130,376) Decrease/(Increase) in intercompany loan 126,453 - (Decrease)/Increase in tax liabilities 4,021 9,034 (Decrease)/Increase in staff & other provisions (189,518) (49,391) (Decrease)/Increase in other liabilities (133,483) 133,481 Cash flow from/(used in) operations 196,002 36,420

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 115 Wreck Bay Enterprises Limited A.B.N. 42 093 444 869 Notes to the Financial Statements For the year ended 30th June 2011

2011 2010 Note 20: Financial Instruments $ $

20A Categories of financial instruments Financial assets Loans and receivables Cash at bank 4,848 - Receivables for goods and services - 268,360 Carrying amount of financial assets 4,848 268,360

Financial liabilities Other financial liabilities Operations bank account - 102,437 Trade creditors - 133,481 Accrued expenses - 16,000 Borrowings 123,178 438,950 Carrying amount of financial liabilities 123,178 690,868

20B Net income and expense from financial assets Loans and receivables Interest revenue (see note 2) 271 1,020 Net gain/(loss) loans and receivables 271 1,020 Net gain/(loss) from financial assets 271 1,020

20C Net income and expense from financial liabilities Financial liabilities - at amortised cost Interest Expense 11,345 15,534 Net gain/(loss) financial liabilities - amortised cost 11,345 15,534 Net gain/(loss) from financial liabilities 11,345 15,534

116 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 Wreck Bay Enterprises Limited A.B.N. 42 093 444 869 Notes to the Financial Statements For the year ended 30th June 2011

20D Fair value of financial instruments

Carrying Fair Value Carrying FINANCIAL LIABILITIES amount 2011 2011 amount 2010 Fair Value 2010 Other liabilities Borrowings 123,178 123,178 438,950 438,950 Total 123,178 123,178 438,950 438,950

20E Credit Risk The maximum exposure to credit risk is the risk that arises from potential default of a debtor. This amount is equal to the total amount for trade receivables (2011: $nil and 2010: $268,360). Wreck Bay Enterprises Limited has assessed the risk of the default on payment and has found it unneccessary to allow for doubtful debts at balance date. Wreck Bay Enterprises Limited manages its credit risk by undertaking background and credit checks prior to allowing a debtor relationship. In addition, it has policies and procedures that guide employees debt recovery techniques that are to be applied. Wreck Bay Enterprises has no collateral to mitigate against credit risk. Credit risk of financial instruments not past due or individually determined as impaired: Not Past Due Not Past Due Past Due or Past Due or Nor Impaired Nor Impaired Impaired Impaired 2011 $ 2010 $ 2011 $ 2010 $ Receivables for goods and services - 216,806 - 51,554 Total - 216,806 - 51,554

Ageing of financial assets that are past due but not impaired for 2011

1 to 30 31 to 60 61 to 90 90+ Total days $ days $ days $ days $ $ Receivables for goods and services - - - - - Total - - - - -

Ageing of financial assets that are past due but not impaired for 2010

1 to 30 31 to 60 61 to 90 90+ Total days $ days $ days $ days $ $ Receivables for goods and services 17,756 1,343 - 32,455 51,554 Total 17,756 1,343 - 32,455 51,554

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 117 Wreck Bay Enterprises Limited A.B.N. 42 093 444 869 Notes to the Financial Statements For the year ended 30th June 2011

20F Liquidity Risk Wreck Bay Enterprises Limited's financial liabilities are payables, finance leases and other interest and non-interest bearing liabilities. The exposure to liquidity risk is based on the notion that the company will encounter difficulty in meeting its obligations associated with financial liabilities. The company manages liquidity risk by monitoring forecast cash flows and ensuring that adequate unutilised borrowing facilities are maintained.

The following table illustrates the maturities for financial liabilities:

On Demand Wtihin 1 Year 1 to 5 Years > 5 Years Total 2011 $ 2011 $ 2011 $ 2011 $ 2011 $ Borrowings - 104,376 18,802 - 123,178 Total - 104,376 18,802 - 123,178

On Demand Wtihin 1 Year 1 to 5 Years > 5 Years Total 2010 $ 2010 $ 2010 $ 2010 $ 2010 $ Operations bank - 102,437 - - 102,437 account Trade creditors - 133,481 - - 133,481 Accrued expenses - 16,000 - - 16,000 Borrowings - 65,772 123,178 250,000 438,950 Total - 317,690 123,178 250,000 690,868

Wreck Bay Enterprises Limited has policies in place to ensure timely payments are made when due and has not had past experience of default.

20G Market Risk Wreck Bay Enterprises Limited holds basic financial instruments that do not expose the Company to certain market risks. Wreck Bay Enterprises Limited is not exposed to ‘currency risk’ or ‘other price risk’.

Interest Rate Risk Financial Assets: The company maintains operating bank accounts to manage cash. The operating bank accounts bear interest at an average rate of .01% (2010: 01%).

Other Liabilities: The finance leases and interest bearing liabilities have fixed interest rates and thus do not expose the company to changes in market interest rates. The interest rates vary between 7.5% to 11.05% (2010: 7.5 to 11.05%).

118 Wreck Bay Aboriginal Community Council Annual Report 2010–2011 Wreck Bay Enterprises Limited A.B.N. 42 093 444 869 Notes to the Financial Statements For the year ended 30th June 2011

20H Capital Management Management controls the capital of the Company to ensure that cash flows are generated to fund services to the customers. Management ensures that the overall risk managementstrategy is in line with this objective. Risk management policies are approved and reviewedby the Management on a regular basis. These include credit risk policies and future cashflow requirements. The Company's capital consists of financial liabilities supported by financial assets. Management effectively manages the Company's capital by assessing the financial risks and responding to changes in these risks and in the market. These responses may include the consideration of debt levels. There have been no changes to the strategy adopted by management to control the capital of the entity since the previous year.

The gearing ratio for the current and period year are as follows:

2011 2010 $ $ Total Borrowings 123,178 438,950 Add: Bank Overdraft - 102,437 Less: Cash and Cash Equivalents 4,848 (1,250) Net Debt 128,026 540,137 Total Equity (Reserves and Retained Earnings) 56,480 108,845 Total Capital 184,506 648,982

Gearing Ratio 69% 83%

Note 21: Company Details: The registered office of the company is: Wreck Bay Enterprises Limited Administration Centre Wreck Bay Jervis Bay Territory 2540

The principal place of business is: Wreck Bay Enterprises Limited Village Road Booderee National Park Jervis Bay Jervis Bay Territory 2540

The principal activities of the company are the provision of subcontract services to Booderee National Park, Wreck Bay Aboriginal Community Council, and Serco Sodexho.

Wreck Bay Aboriginal Community Council Annual Report 2010–2011 119 Compliance Index Requirement Pages Board committees, including Audit and Risk committee 17–22, 43 Certification 54 Commonwealth disability strategy 36–37 Consultants engaged None to report Directors 17–22 Ecologically sustainable development and environmental performance 38–38, 48 Effects of ministerial directions and notification of general policies of the government None to report Efficiency and effectiveness of the operations in producing its principal outputs 25 Enabling legislation, functions and objectives 7–8 Exemptions to requirements for financial statements None to report Factors, events or trends influencing performance 95 Financial Statements 52–93, 95–119 Financial statements certification: a statement signed by the directors 54 Financial statements certification: Auditor-General's report 52–53, 96–98 Fraud risk assessment and control 31, 40, 43 Freedom of information Not reported Indemnities and insurance premiums for officers None to report Judicial decisions and decisions of Administrative tribunals that have had, or may have, a None to report significant impact on operations Location of major activities and facilities 7, 9, 119 Ministerial directions 31 Occupational health and safety 39–40 Operational and financial results during the year, including principal outputs, major 25–32, 34–42, investing activities, key financial and non-financial activities 45–50 Organisational structure 33, 49 Reports on the operations of the authority by the Auditor-General, a parliamentary 52–53, 96–98 committee of the Commonwealth Ombudsman Responsible Minister(s) iii Review of performance 25–32, 34–43 Significant changes in state of affairs or principal activities during the financial year 28–31 Significant developments since the end of the financial year None to report Significant events per s 15 Cac Act None to report

120 Wreck Bay Aboriginal Community Council Annual Report 2010–2011