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Results of 2019–20 Audits: State–controlled Entities

Tabled: 17 March 2021

Snapshot

The coronavirus (COVID-19) pandemic significantly affected state government entities' ability to meet their annual reporting requirements and our ability to meet audit timelines. 

The government granted 286 entities a two-month extension to table their annual reports in Parliament. The new deadline was 31 December 2020 or the first sitting day after it.

This meant financial reporting requirements were also changed. Financial reports were required to be prepared and audited within 18 weeks of the financial year's end, compared to 12 weeks in a normal year.

Most entities were able to meet the revised financial reporting deadline.

The four modified opinions we issued relate to subsidiaries of VicTrack, whose statements were also qualified.

We reported on VicTrack's qualification in the November 2020 Auditor-General’s Report on the Annual Financial Report of the State of Victoria: 2019–20.

Audit results

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1. Audit context

Victorians spent a significant part of 2020 under lockdown due to the COVID-19 pandemic. All aspects of how we live and work were affected. Restrictions on movement and access to workplaces, and remote working and learning meant there was no such thing as business as usual.

In response to these challenges, VAGO joined a working group that included representatives from Department of Treasury and Finance (DTF) and the Department of Premier and Cabinet (DPC) to address issues relating to the preparation of public sector entities' financial reports. The result was a staged approach to financial reporting and audit timelines, with the Assistant Treasurer providing non-material government entities with reporting relief.

This report details the audit outcomes of the 286 state-controlled entities that were granted that relief. It brings together the results of the financial audits of the entities and provides Parliament assurance regarding their overall financial management and accountability.

This chapter provides essential background information about:

1.1 The Victorian public sector

The Victorian public sector includes the state's public service, special bodies and public entities. Figure 1A illustrates this division within the public service.

FIGURE 1A: The Victorian public sector

FIGURE 1A: The Victorian public sector

Source: Victorian Public Sector Commission and VAGO.

The Victorian public sector plays a key role in supporting the government of the day to serve the people of the state. It does this by providing public services; supporting ministers in developing and implementing policies and legislation; building and maintaining physical and social infrastructure; managing resources; and administering state finances. It operates across a range of functions. Figure 1B illustrates the functions of government and expenditure incurred by each in 2019–20.

FIGURE 1B: Government operating expenditure by function in 2019–20

FIGURE 1A: The Victorian public sector

Note: Not allocated by purpose represents costs for services provided within or to government entities that are offset against revenue and assets.
Source: Annual Financial Report of the State of Victoria: 2019–20.

1.2 Reporting requirements

Financial reports

Victorian public sector entities are required by the Financial Management Act 1994 (or other Acts) to prepare an annual report at the end of each financial year for tabling in Parliament by the relevant minister. Each annual report completed under the Financial Management Act 1994 (FMA) must include financial reports that have been audited by the Auditor-General.

Entities in scope of this report

The Annual Financial Report of the State of Victoria: 2019–20 consolidates the financial information of 312 entities controlled by the State of Victoria. 

In November 2020, we tabled the Auditor-General's Report on the Annual Financial Report of the State of Victoria: 2019–20. It focused on the outcome of the financial audits of 26 entities that made up the majority of the state's assets and liabilities at 30 June 2020, and revenue and expenditure for the year then ended. These significant agencies are known as material entities. This report details the outcome of the financial audits of the remaining 286 non-material, state-controlled entities with a 30 June 2020 reporting date, that were not covered in our November report. These entities were given reporting relief in acknowledgement of the challenges posed by the COVID-19 pandemic.

We also report on the timeliness of financial reporting, providing commentary on the impact that the COVID-19 pandemic had on entities' ability to meet their reporting obligations. 

Entities not included in the scope of this report 

Other entities that supply public services, which we also audit, are not included in the Victorian public sector because they fall outside the definition of a public sector body within the Public Administration Act 2004 (see Figure 1C).

FIGURE 1C: Sectors and entities not included in the Victorian public sector

Sectors and entities Exclusion rationale
Local government Local government is a separate tier of government, with councils elected by and accountable to their ratepayers.
Universities The Australian Government is the main sector funder and the state only directly appoints a minority of university council members.
Denominational hospitals Denominational hospitals are private providers of public health services. Each one has its own governance arrangements.
State superannuation funds State superannuation funds’ net assets are members’ property. However, any net asset shortfalls related to certain defined benefit scheme entitlements are a state obligation and are reported in Victoria's annual financial report as a liability.
Registered community health centres and aged care providers These providers have various funding streams, and each one has its own governance arrangements.

Source: VAGO.

We table separate sector-based reports on the financial audit outcomes for local government and university sectors. We also table a separate report (in May) on the financial audit outcomes of the technical and further education sector, which forms part of the Victorian public sector.

1.3 Our audit approaches

Our focus

Each year, we audit and provide opinions on the financial reports of Victorian public sector entities. Legislation enables us to conduct audits by arrangement, such as audits of the Parliament of Victoria and Senior Master of the Supreme Court of Victoria, both of which are part of this report.

The purpose of an audit is to increase the level of confidence a user has in an entity's financial report. Auditors achieve this by gaining reasonable assurance and issuing an opinion that financial reports are free from material misstatements.

Our method

We conduct our financial audits in accordance with the Audit Act 1994 and the Australian Auditing Standards.

As part of auditing financial reports, we:

  • identify and assess the risks of material misstatement of the financial report whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for an opinion
  • obtain an understanding of internal controls relevant to the audit to design audit procedures that are appropriate in the circumstances
  • evaluate the appropriateness of accounting policies used, and the reasonableness of accounting estimates and related disclosures
  • conclude on the appropriateness of using the going-concern basis of accounting 
  • evaluate the overall presentation, structure and content of the financial report, including the disclosures, and whether the financial report represents the underlying transactions and events in a manner that achieves fair presentation.

Our independence

The Auditor-General is:

  • an independent officer of the Parliament of Victoria
  • appointed under legislation to examine, on behalf of Parliament and taxpayers, the management of resources within the public sector
  • not subject to the control or direction of either Parliament or the government.

The Auditor-General and staff of VAGO are required to meet the ethical requirements of:

  • the Australian Auditing Standards and the Accounting Professional and Ethical Standards Board’s APES 110 Code of Ethics for Professional Accountants
  • the Code of Conduct for Victorian Public Sector Employees of Special Bodies and the Public Administration Act 2004
  • the Standing Directions Under the Financial Management Act 1994, which provide policies on the acceptance and provision of gifts, benefits and hospitality.

The cost of preparing this report was $60 000, which is funded by parliamentary appropriation.

1.4 Submissions and comments received

We consulted with DTF and the entities named in this report and considered their views when reaching conclusions. As required by the Audit Act 1994, we gave a draft copy of this report to those agencies and asked for their submissions or comments. We also provided a copy of the report to DTF and DPC.

VicTrack was the only agency that responded and its full response appears in Appendix A. 

In summary, VicTrack's Chief Executive Officer noted that the agency is working through the issues associated with accounting for Victoria's transport assets. He noted that although the agency disagrees with the adverse audit qualification, it will continue to work through these technical issues with VAGO.

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2. Results of audits

Conclusion

The financial audits of four controlled entities—Rolling Stock (Victoria-VL) Pty Limited, Rolling Stock (VL-2) Pty Limited, Rolling Stock (VL-3) Pty Limited and Rolling Stock Holdings (Victoria) Pty Limited—received modified opinions.

As at 28 February, the financial audits of Central Highlands Rural Health and the Yorta Yorta Traditional Owner Land Management Board were in progress.

2.1 Financial report audit opinions

Figure 2A summarises the financial report audit opinions we issued to Victoria public sector entities.

FIGURE 2A: Financial report audit opinions issued for the year ended 30 June 2020

FIGURE 2A: Financial report audit opinions issued for the year ended 30 June 2020

Note: The technical and further education sector is excluded from the numbers above. The results of this sector were reported in Results of 2019 Audits: Technical and Further Education Institutes (June 2020). 
The 26 material entities that accounted for most of Victoria's assets and liabilities at 30 June 2020, and revenue and expenditure for the year then ended, have also been excluded from these numbers as outcomes of their audits were reported in the Auditor-General's Report on the Annual Financial Report of the State of Victoria: 2019–20 (November 2020).
Source: VAGO.

We issued clear audit opinions on 280 Victorian public sector entities controlled by the state in 2019–20. A clear audit opinion adds credibility to financial reports by providing reasonable assurance that reported information is reliable, accurate, and complies with the requirements of relevant Australian accounting standards and applicable legislation.

The financial reports of four of the five Victorian Rail Track (VicTrack) subsidiary entities were assessed as not reliable and we provided adverse opinions on them.

Appendix C lists the entities included in this report. It details the date their financial reports were certified by those charged with governance and the type of audit opinion we issued for 30 June 2020. It also notes the date we issued our opinion to each entity.

Adverse audit opinions issued to VicTrack and four subsidiaries

In our Auditor-General's Report on the Annual Financial Report of the State of Victoria: 2019–20, we detail the reasons why we issued an adverse audit opinion on VicTrack's 2019–20 financial report.

We reassessed the lease arrangement between VicTrack and the Department of Transport (DoT) and concluded it is a finance lease, based on the respective roles and responsibilities of all parties in the transport network. In substance, DoT is responsible for the operation of the transport network as a whole and its assets.

This means that VicTrack should not have reported leased assets and all associated transactions and balances. Instead, VicTrack should have reported a nominal finance lease receivable.

The effects of this noncompliance were so material and pervasive to VicTrack’s financial statements that we issued an adverse opinion.

We also issued the following VicTrack subsidiaries, covered in this report, adverse opinions on their 2019–20 financial reports:

  • Rolling Stock (Victoria-VL) Pty Limited
  • Rolling Stock (VL-2) Pty Limited
  • Rolling Stock (VL-3) Pty Limited
  • Rolling Stock Holdings (Victoria) Pty Limited.

The adverse audit opinions were issued to these entities because the assets they report form part of those leased to DoT by VicTrack. Like VicTrack, their financial reports do not present fairly in all material respects in accordance with the relevant Australian Accounting Standards. 

2.2 Timeliness of financial reporting

The sooner after year-end that audited financial reports are published, the more relevant and useful they are for users to make informed decisions based on report contents. Timeliness is also measured against statutory reporting deadlines. 

The FMA requires annual reports to be submitted to the relevant minister and tabled in Parliament within four months of the end of the financial year. These reports include the financial report for the entity and any entities they control. Financial reports have to be prepared and audited within 12 weeks of the financial year's end.

Entities reporting under the Corporations Act 2001 (CA) are required to present an annual report to their members within four months of the end of the financial year. A summary of the FMA and CA reporting timeframes, including the reporting relief provided due to the COVID-19 pandemic, is provided in Figure 2B.

FIGURE 2B: Legislative financial reporting timeframes

FIGURE 2B: Legislative financial reporting timeframes

Source: FMA, CA and DTF.

For 2019–20, the COVID-19 pandemic affected the preparation and production of financial reports in the public sector. While we were able to conduct our financial audits remotely, the need for agencies to divert resources to respond to the pandemic—combined with the challenges posed by restrictions on movement and access to workplaces, and flexible and remote learning arrangements—affected everyone's capacity to achieve annual financial reporting and audit timelines. 

In response to these challenges, we joined a working group with representatives from DTF and DPC to consider alternative timelines. Outcomes of this working group allowed a staged approach to financial reporting and audit timelines, focusing first on the 26 material entities listed in Appendix C, whose financial results were significant to the Annual Financial Report of the State of Victoria: 2019–20.

In acknowledgement of the COVID-19 pandemic challenges, the Assistant Treasurer issued temporary instructions under section 47 of the FMA, to agencies that had the annual reporting period 1 July 2019 to 30 June 2020. Material entities were required to table their annual report by 31 October 2020—effectively no change—while all non-material entities were given leeway to table their annual reports by 31 December 2020, an extension of two months. This meant financial reporting requirements were also extended—financial reports were required to be prepared and audited within 18 weeks of the financial year's end as opposed to 12 weeks from the financial year's end. The financial reporting extension relief can be seen in Figure 2B.

The extension of the reporting timelines was provided as relief; it was not a direct shift in requirements for non-material entities. In other words, relief was recommended only where the entity or audit capacity to deliver—or both—were challenged.

Figure 2C shows the financial reporting timeliness for non-material entities in 2019–20.

FIGURE 2C: Timeliness of entities against legislative financial reporting timelines for 2019–20

FIGURE 2C: Timeliness of entities against legislative financial reporting timelines for 2019–20

Source: VAGO.

Most financial reports were finalised after 12 weeks, in line with the financial report tabling relief provided by the Assistant Treasurer. In 2019–20, only 100 of 286 entities (35 per cent) met the original 12-week financial reporting timelines. The comparable figure for 2018–19 was 228 of 285 (80 per cent). 

It is pleasing that 226 of the 286 entities (79 per cent) were able to prepare their financial reports and have them audited within the financial reporting relief timelines provided by the Assistant Treasurer in 2019–20.

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Appendix A. Submissions and comments

We have consulted with DTF and VicTrack and we considered their views when reaching our audit conclusions. As required by the Audit Act 1994, we gave a draft copy of this report, or relevant extracts, to those agencies and asked for their submissions and comments. 

Responsibility for the accuracy, fairness and balance of those comments rests solely with the agency head.

Responses were received as follows:
Response provided by the Chief Executive, VicTrack

VicTrack response letter

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Appendix B. Acronyms and abbreviations

Acronyms  
DoT Department of Transport
DPC Department of Premier and Cabinet
DTF Department of Treasury and Finance
SPFR Special Purpose Financial Report
VAGO Victorian Auditor-General's Office
Abbreviations  
ACNC Australian Charities and Not-for-profits Commission Act 2012
AIRA Associations Incorporation Reform Act 2012
CA Corporations Act 2001
COVID-19 coronavirus
FMA  Financial Management Act 1994

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Appendix C. Audit opinions on financial statements

Figure C1 lists the entities included in this report and the material entities reported in our earlier report Auditor-General's Report on the Annual Financial Report of the State of Victoria: 2019–20. It details the date financial statements were certified by those charged with the entities' governance, the type of audit opinion we issued for 30 June 2020 and the date it was issued to each entity.

FIGURE C1: Audit opinions issued for the Victorian public sector for the year ended 30 June 2020

Entity Material entity Financial reporting framework Financial statements certified Audit opinion signed Audit opinion type
Education and Training portfolio
Adult, Community and Further Education Board   FMA 30-Oct-20 04-Nov-20 Unmodified
Adult Multicultural Education Services   FMA 31-Aug-20 14-Sep-20 Unmodified
Department of Education and Training Victoria Yes FMA 14-Sep-20 22-Sep-20 Unmodified
Victorian Curriculum and Assessment Authority   FMA 26-Aug-20 16-Sep-20 Unmodified
Victorian Institute of Teaching   FMA 12-Aug-20 23-Aug-20 Unmodified
Victorian Registration and Qualifications Authority   FMA 26-Aug-20 17-Sep-20 Unmodified
Environment, Land, Water and Planning 
Alpine Resorts Co-ordinating Council   FMA 11-Nov-20 13-Nov-20 Unmodified
Architects Registration Board of Victoria   FMA 28-Aug-20 08-Sep-20 Unmodified
Barwon Region Water Corporation   FMA 02-Oct-20 05-Oct-20 Unmodified
•    Barwon Asset Solutions   FMA 02-Oct-20 05-Oct-20 Unmodified
Barwon South West Waste and Resource Recovery Group   FMA 27-Aug-20 07-Sep-20 Unmodified
Caulfield Racecourse Reserve Trust   FMA 9-Feb-21 16-Feb-21 Unmodified
Central Gippsland Region Water Corporation   FMA 28-Sep-20 29-Sep-20 Unmodified
Central Highlands Region Water Corporation   FMA 30-Oct-20 30-Oct-20 Unmodified
City West Water Corporation Yes FMA 25-Aug-20 04-Sep-20 Unmodified
Coliban Region Water Corporation   FMA 24-Sep-20 30-Sep-20 Unmodified
Corangamite Catchment Management Authority   FMA 22-Oct-20 26-Oct-20 Unmodified
Department of Environment, Land, Water and Planning Yes FMA 11-Sep-20 18-Sep-20 Unmodified
Dhelkunya Dja Land Management Board   FMA 19-Nov-20 20-Nov-20 Unmodified
East Gippsland Catchment Management Authority   FMA 27-Oct-20 30-Oct-20 Unmodified
East Gippsland Region Water Corporation   FMA 13-Oct-20 20-Oct-20 Unmodified
Energy Safe Victoria   FMA 02-Sep-20 08-Sep-20 Unmodified
Environment Protection Authority   FMA 13-Oct-20 16-Oct-20 Unmodified
Gippsland and Southern Rural Water Corporation   FMA 07-Sep-20 08-Sep-20 Unmodified
Gippsland Waste and Resource Recovery Group   FMA 17-Dec-20 21-Dec-20 Unmodified
Glenelg Hopkins Catchment Management Authority   FMA 21-Oct-20 22-Oct-20 Unmodified
Goulburn Broken Catchment Management Authority   FMA 27-Aug-20 15-Sep-20 Unmodified
Goulburn-Murray Rural Water Corporation Yes FMA 03-Sep-20 10-Sep-20 Unmodified
Goulburn Valley Region Water Corporation   FMA 19-Aug-20 05-Sep-20 Unmodified
Goulburn Valley Waste and Resource Recovery Group   FMA 10-Sep-20 18-Sep-20 Unmodified
Grampians Central Waste and Resource Recovery Group   FMA 16-Nov-20 17-Nov-20 Unmodified
Grampians Wimmera Mallee Water Corporation   FMA 01-Oct-20 08-Oct-20 Unmodified
•    Lake Fyans Recreational Area Committee of Management Inc   AIRA 12-Oct-20 04-Nov-20 Unmodified
Gunaikurnai Traditional Owner Land Management   FMA 03-Dec-20 09-Dec-20 Unmodified
Heritage Council of Victoria   FMA 11-Nov-20 12-Nov-20 Unmodified
Loddon Mallee Waste and Resource Recovery Group   FMA 01-Oct-20 07-Oct-20 Unmodified
Lower Murray Urban and Rural Water Corporation   FMA 29-Sep-20 08-Oct-20 Unmodified
Mallee Catchment Management Authority   FMA 15-Oct-20 16-Oct-20 Unmodified
Melbourne Water Corporation Yes FMA 28-Aug-20 04-Sep-20 Unmodified
Metropolitan Waste and Resource Recovery Group   FMA 02-Dec-20 08-Dec-20 Unmodified
North Central Catchment Management Authority   FMA 16-Oct-20 20-Oct-20 Unmodified
North East Catchment Management Authority   FMA 18-Sep-20 23-Sep-20 Unmodified
North East Region Water Corporation   FMA 07-Sep-20 08-Sep-20 Unmodified
North East Waste and Resource Recovery Group   FMA 03-Sep-20 07-Sep-20 Unmodified
The Office of the Commissioner for Environmental Sustainability   FMA 12-Oct-20 14-Oct-20 Unmodified
Parks Victoria   FMA 31-Aug-20 07-Sep-20 Unmodified
Phillip Island Nature Parks   FMA 15-Oct-20 06-Nov-20 Unmodified
Port Phillip and Westernport Catchment Management Authority   FMA 23-Sep-20 28-Sep-20 Unmodified
Royal Botanic Gardens Board Victoria   FMA 28-Oct-20 02-Nov-20 Unmodified
South East Water Corporation Yes FMA 31-Aug-20 04-Sep-20 Unmodified
•    iota Services Pty Ltd   CA 31-Aug-20 05-Sep-20 Unmodified
South Gippsland Region Water Corporation   FMA 29-Oct-20 30-Oct-20 Unmodified
Surveyors Registration Board of Victoria   FMA 26-Nov-20 27-Nov-20 Unmodified
Sustainability Victoria   FMA 12-Nov-20 13-Nov-20 Unmodified
Trust for Nature (Victoria)   FMA
ACNC
12-Feb-21 16-Feb-21 Unmodified
Victorian Building Authority   FMA 15-Oct-20 20-Oct-20 Unmodified
Victorian Environmental Water Holder   FMA 09-Nov-20 10-Nov-20 Unmodified
Victorian Planning Authority   FMA 11-Nov-20 12-Nov-20 Unmodified
Wannon Region Water Corporation   FMA 16-Oct-20 20-Oct-20 Unmodified
West Gippsland Catchment Management Authority   FMA 24-Sep-20 29-Sep-20 Unmodified
Western Region Water Corporation   FMA 18-Sep-20 23-Sep-20 Unmodified
Westernport Region Water Corporation   FMA 05-Nov-20 09-Nov-20 Unmodified
Wimmera Catchment Management Authority   FMA 05-Oct-20 08-Oct-20 Unmodified
Yarra Valley Water Corporation Yes FMA 28-Aug-20 04-Sep-20 Unmodified
Yorta Yorta Traditional Owner Land Management Board   FMA   Not yet signed Unmodified
Zoological Parks and Gardens Board   FMA 12-Nov-20 16-Nov-20 Unmodified
Health and Human Services 
Albury Wodonga Health   FMA 27-Aug-20 23-Sep-20 Unmodified
Alexandra District Health   FMA 25-Sep-20 29-Sep-20 Unmodified
Alfred Health   FMA 18-Sep-20 21-Sep-20 Unmodified
•    Alfred Hospital Whole Time Medical Specialists Private Practice Trust   ACNC 20-Oct-20 27-Oct-20 Unmodified
•    John F Marriott for HIV Trust   ACNC 09-Nov-20 13-Nov-20 Unmodified
•    Marriott for HIV Ltd   ACNC 09-Nov-20 13-Nov-20 Unmodified
Alpine Health   FMA 12-Oct-20 19-Oct-20 Unmodified
Ambulance Victoria   FMA 26-Oct-20 30-Oct-20 Unmodified
Austin Health   FMA 09-Oct-20 22-Oct-20 Unmodified
Bairnsdale Regional Health Service   FMA 18-Sep-20 25-Sep-20 Unmodified
Ballarat General Cemeteries Trust   FMA
ACNC
31-Aug-20 07-Sep-20 Unmodified
Ballarat Health Services   FMA 26-Aug-20 04-Sep-20 Unmodified
Barwon Health   FMA 15-Sep-20 18-Sep-20 Unmodified
•    Barwon Health Foundation   ACNC 14-Oct-20 19-Oct-20 Unmodified
•    Barwon Health Foundation Limited   ACNC 14-Oct-20 19-Oct-20 Unmodified
Bass Coast Health   FMA 09-Oct-20 15-Oct-20 Unmodified
Beaufort and Skipton Health Service   FMA 23-Sep-20 01-Oct-20 Unmodified
Beechworth Health Service   FMA 22-Oct-20 30-Oct-20 Unmodified
Benalla Health   FMA 09-Sep-20 10-Sep-20 Unmodified
Bendigo Cemeteries Trust   FMA
ACNC
12-Aug-20 17-Aug-20 Unmodified
Bendigo Health   FMA 01-Sep-20 14-Sep-20 Unmodified
Boort District Health   FMA 23-Sep-20 28-Sep-20 Unmodified
Casterton Memorial Hospital   FMA 22-Oct-20 29-Oct-20 Unmodified
Castlemaine Health   FMA 28-Sep-20 01-Oct-20 Unmodified
Central Gippsland Health Service   FMA 11-Nov-20 13-Nov-20 Unmodified
Central Highlands Rural Health       Not yet signed Unmodified
Cohuna District Hospital   FMA 12-Oct-20 20-Oct-20 Unmodified
Colac Area Health   FMA 21-Oct-20 28-Oct-20 Unmodified
Corryong Health   FMA 28-Aug-20 15-Sep-20 Unmodified
Dental Health Services Victoria   FMA 24-Sep-20 30-Sep-20 Unmodified
Department of Health and Human Services Yes FMA 18-Sep-20 24-Sep-20 Unmodified
Djerriwarrh Health Services   FMA 04-Nov-20 05-Nov-20 Unmodified
East Grampians Health Service   FMA 23-Sep-20 05-Oct-20 Unmodified
•    East Grampians Health Building for the Future Foundation   ACNC 08-Sep-20 11-Sep-20 Unmodified
East Wimmera Health Service   FMA 24-Sep-20 02-Oct-20 Unmodified
Eastern Health Yes FMA 03-Sep-20 11-Sep-20 Unmodified
Echuca Regional Health   FMA 14-Sep-20 16-Sep-20 Unmodified
Edenhope and District Memorial Hospital   FMA 13-Oct-20 19-Oct-20 Unmodified
Geelong Cemeteries Trust   FMA
ACNC
11-Aug-20 17-Aug-20 Unmodified
Gippsland Southern Health Service   FMA 29-Oct-20 06-Nov-20 Unmodified
Goulburn Valley Health   FMA 18-Aug-20 10-Sep-20 Unmodified
Great Ocean Road Health   FMA 19-Oct-20 27-Oct-20 Unmodified
Health Purchasing Victoria   FMA 20-Aug-20 04-Sep-20 Unmodified
Heathcote Health   FMA 29-Oct-20 02-Nov-20 Unmodified
Hesse Rural Health Service   FMA 08-Oct-20 14-Oct-20 Unmodified
•    Winchelsea Hostel and Nursing Home Society Inc   FMA
ACNC
AIRA
08-Oct-20 14-Oct-20 Unmodified
Heywood Rural Health   FMA 14-Sep-20 16-Sep-20 Unmodified
Inglewood and Districts Health Service   FMA 23-Sep-20 28-Sep-20 Unmodified
Kerang District Health   FMA 09-Sep-20 14-Sep-20 Unmodified
Kooweerup Regional Health Service   FMA 01-Dec-20 02-Dec-20 Unmodified
Kyabram District Health Service   FMA 22-Oct-20 29-Oct-20 Unmodified
Latrobe Regional Hospital   FMA 19-Oct-20 28-Oct-20 Unmodified
Maldon Hospital   FMA 07-Oct-20 09-Oct-20 Unmodified
Mallee Track Health and Community Service   FMA 15-Oct-20 22-Oct-20 Unmodified
Mansfield District Hospital   FMA 09-Oct-20 14-Oct-20 Unmodified
Maryborough District Health Service   FMA 17-Sep-20 25-Sep-20 Unmodified
Melbourne Health Yes FMA 11-Sep-20 16-Sep-20 Unmodified
Monash Health Yes FMA 11-Sep-20 16-Sep-20 Unmodified
•    Kitaya Holdings Pty Ltd   ACNC 07-Sep-20 08-Sep-20 Unmodified
Moyne Health Services   FMA 21-Oct-20 28-Oct-20 Unmodified
•    Woody's Murray to Moyne Cycle Relay Inc   AIRA 12-Oct-20 20-Oct-20 Unmodified
NCN Health   FMA 22-Sep-20 29-Sep-20 Unmodified
Northeast Health Wangaratta   FMA 28-Oct-20 02-Nov-20 Unmodified
Northern Health   FMA 24-Sep-20 29-Sep-20 Unmodified
•    Northern Health Research Training and Equipment Foundation   CA 20-Aug-20 25-Aug-20 Unmodified
•    Northern Health Research Training and Equipment Trust   ACNC 20-Aug-20 25-Aug-20 Unmodified
Omeo District Health   FMA 12-Nov-20 20-Nov-20 Unmodified
Orbost Regional Health   FMA 27-Oct-20 04-Nov-20 Unmodified
Peninsula Health   FMA 21-Sep-20 28-Sep-20 Unmodified
Peter MacCallum Cancer Institute   FMA 16-Oct-20 29-Oct-20 Unmodified
•    Peter MacCallum Cancer Foundation   ACNC 15-Oct-20 22-Oct-20 Unmodified
•    Peter MacCallum Cancer Foundation Limited   ACNC 15-Oct-20 22-Oct-20 Unmodified
•    Cell Therapies Pty Ltd   CA 09-Nov-20 11-Nov-20 Unmodified
•    Cellularity Pty Ltd   CA 09-Nov-20 11-Nov-20 Unmodified
Portland District Health   FMA 08-Oct-20 09-Oct-20 Unmodified
•    Active Health Portland   ACNC 07-Sep-20 17-Sep-20 Unmodified
Robinvale District Health Services   FMA 19-Oct-20 26-Oct-20 Unmodified
Rochester and Elmore District Health Service   FMA 28-Sep-20 14-Oct-20 Unmodified
Rural Northwest Health   FMA 05-Oct-20 08-Oct-20 Unmodified
Seymour Health   FMA 27-Aug-20 10-Sep-20 Unmodified
South Gippsland Hospital   FMA 30-Oct-20 04-Nov-20 Unmodified
South West Healthcare   FMA 24-Sep-20 29-Sep-20 Unmodified
Southern Metropolitan Cemeteries Trust   FMA
ACNC
19-Aug-20 03-Sep-20 Unmodified
Stawell Regional Health   FMA 28-Sep-20 08-Oct-20 Unmodified
•    Stawell Regional Health Foundation   ACNC 28-Sep-20 14-Oct-20 Unmodified
Swan Hill District Health   FMA 06-Oct-20 14-Oct-20 Unmodified
Tallangatta Health Service   FMA 31-Aug-20 08-Sep-20 Unmodified
Terang and Mortlake Health Service   FMA 15-Sep-20 22-Sep-20 Unmodified
The Greater Metropolitan Cemeteries Trust   FMA
ACNC
19-Aug-20 28-Aug-20 Unmodified
The Kilmore and District Hospital   FMA 27-Oct-20 30-Oct-20 Unmodified
The Mildura Cemetery Trust   FMA 11-Nov-20 12-Nov-20 Unmodified
The Queen Elizabeth Centre   FMA 13-Oct-20 06-Nov-20 Unmodified
The Royal Children’s Hospital Yes FMA 24-Aug-20 11-Sep-20 Unmodified
•    The Royal Children's Hospital Foundation   ACNC 07-Aug-20 30-Oct-20 Unmodified
The Royal Victorian Eye and Ear Hospital   FMA 17-Sep-20 22-Sep-20 Unmodified
The Royal Women’s Hospital   FMA 09-Sep-20 15-Sep-20 Unmodified
•    The Royal Women's Hospital Foundation Limited   ACNC 20-Sep-20 25-Sep-20 Unmodified
•    The Royal Women's Hospital Foundation Trust Fund   ACNC 20-Sep-20 25-Sep-20 Unmodified
Timboon and District Healthcare Service   FMA 13-Oct-20 20-Oct-20 Unmodified
Tweddle Child and Family Health Service   FMA 19-Oct-20 29-Oct-20 Unmodified
Victorian Assisted Reproductive Treatment Authority   FMA 26-Oct-20 30-Oct-20 Unmodified
Victorian Health Promotion Foundation   FMA 26-Aug-20 03-Sep-20 Unmodified
Victorian Institute of Forensic Mental Health   FMA 26-Aug-20 14-Sep-20 Unmodified
Victorian Pharmacy Authority   FMA 08-Sep-20 11-Sep-20 Unmodified
West Gippsland Healthcare Group   FMA 22-Oct-20 29-Oct-20 Unmodified
West Wimmera Health Service   FMA 20-Oct-20 27-Oct-20 Unmodified
Western District Health Service   FMA 22-Sep-20 28-Sep-20 Unmodified
Western Health   FMA 04-Sep-20 01-Oct-20 Unmodified
•    Western Health Foundation Trust Fund   ACNC 14-Oct-20 10-Nov-20 Unmodified
•    Western Health Foundation Limited   CA 14-Oct-20 10-Nov-20 Unmodified
Wimmera Health Care Group   FMA 22-Sep-20 25-Sep-20 Unmodified
Yarram and District Health Service   FMA 01-Dec-20 01-Dec-20 Unmodified
Yarrawonga Health   FMA 29-Sep-20 07-Oct-20 Unmodified
Yea and District Memorial Hospital   FMA 31-Aug-20 23-Sep-20 Unmodified
Jobs, Precincts and Regions
Agriculture Victoria Services Pty Ltd   CA 31-Aug-20 03-Sep-20 Unmodified
•    Phytogene Pty Ltd   CA 31-Aug-20 03-Sep-20 Unmodified
Australian Centre for the Moving Image   FMA 24-Aug-20 28-Aug-20 Unmodified
Australian Grand Prix Corporation   FMA 22-Oct-20 26-Oct-20 Unmodified
Dairy Food Safety Victoria   FMA 24-Aug-20 01-Sep-20 Unmodified
Department of Jobs, Precincts and Regions Yes FMA 01-Oct-20 02-Oct-20 Unmodified
Development Victoria   FMA 08-Sep-20 11-Sep-20 Unmodified
Docklands Studios Melbourne Pty Ltd   CA 19-Aug-20 21-Aug-20 Unmodified
Emerald Tourist Railway Board   FMA 17-Nov-20 19-Nov-20 Unmodified
Fed Square Pty Ltd   CA 08-Sep-20 15-Sep-20 Unmodified
Film Victoria   FMA 27-Aug-20 28-Aug-20 Unmodified
Game Management Authority   FMA 29-Oct-20 30-Oct-20 Unmodified
Geelong Performing Arts Centre Trust   FMA
ACNC
25-Nov-20 27-Nov-20 Unmodified
Greyhound Racing Victoria   FMA 08-Sep-20 10-Sep-20 Unmodified
Harness Racing Victoria   FMA 07-Oct-20 13-Oct-20 Unmodified
•    HRV Management Limited   CA 07-Oct-20 13-Oct-20 Unmodified
•    Melton Entertainment Trust   FMA 07-Oct-20 13-Oct-20 Unmodified
Kardinia Park Stadium Trust   FMA 01-Sep-20 03-Sep-20 Unmodified
Launch Victoria Ltd   CA 13-Oct-20 22-Oct-20 Unmodified
Library Board of Victoria   FMA 16-Sep-20 22-Sep-20 Unmodified
Melbourne & Olympic Parks Trust   FMA 28-Oct-20 28-Oct-20 Unmodified
Melbourne Convention and Exhibition Trust   FMA 22-Oct-20 27-Oct-20 Unmodified
Melbourne Market Authority   FMA 22-Sep-20 28-Sep-20 Unmodified
Melbourne Recital Centre Limited   FMA
ACNC
25-Aug-20 28-Aug-20 Unmodified
Murray Valley Wine Grape Industry Development Committee   FMA 07-Dec-20 07-Dec-20 Unmodified
Museums Board of Victoria   FMA 27-Aug-20 09-Sep-20 Unmodified
Council of Trustees Yes FMA 27-Aug-20 10-Sep-20 Unmodified
PrimeSafe   FMA 24-Aug-20 28-Sep-20 Unmodified
State Sport Centres Trust   FMA 26-Aug-20 28-Aug-20 Unmodified
Veterinary Practitioners Registration Board of Victoria   FMA 07-Oct-20 14-Oct-20 Unmodified
VicForests   FMA 12-Oct-20 19-Oct-20 Unmodified
Victorian Arts Centre Trust   FMA 25-Aug-20 27-Aug-20 Unmodified
Victorian Institute of Sport Limited   FMA
CA
02-Oct-20 05-Oct-20 Unmodified
Victorian Institute of Sport Trust   FMA 02-Oct-20 05-Oct-20 Unmodified
Victorian Strawberry Industry Development Committee   FMA 14-Oct-20 21-Oct-20 Unmodified
Visit Victoria   CA 16-Oct-20 21-Oct-20 Unmodified
•    Melbourne Convention Bureau Ltd   CA 12-Oct-20 20-Oct-20 Unmodified
Justice and Community Safety
Accident Compensation Conciliation Service    FMA 26-Aug-20 31-Aug-20 Unmodified
Country Fire Authority   FMA 23-Nov-20 30-Nov-20 Unmodified
Department of Justice and Community Safety Yes FMA 23-Oct-20 27-Oct-20 Unmodified
Emergency Services Telecommunications Authority   FMA 31-Aug-20 07-Sep-20 Unmodified
Independent Broad-based Anti-corruption Commission   FMA 02-Sep-20 04-Sep-20 Unmodified
Metropolitan Fire and Emergency Services Board   FMA 30-Nov-20 30-Nov-20 Unmodified
Office of Public Prosecutions   FMA 15-Dec-20 17-Dec-20 Unmodified
Victorian Ombudsman   FMA 09-Sep-20 11-Sep-20 Unmodified
Professional Standards Council of Victoria   FMA 18-Dec-20 21-Dec-20 Unmodified
Residential Tenancies Bond Authority   FMA 30-Nov-20 02-Dec-20 Unmodified
Sentencing Advisory Council   FMA 07-Dec-20 15-Dec-20 Unmodified
Victoria Legal Aid   FMA 02-Sep-20 11-Sep-20 Unmodified
Victoria Police (including the Office of the Chief Commissioner of Police) Yes FMA 15-Sep-20 17-Sep-20 Unmodified
Victorian State Emergency Service Authority   FMA 25-Nov-20 26-Nov-20 Unmodified
Victorian Commission for Gambling and Liquor Regulation Yes FMA 08-Sep-20 16-Sep-20 Unmodified
Victorian Equal Opportunity and Human Rights Commission   FMA 26-Nov-20 01-Dec-20 Unmodified
Victorian Inspectorate   FMA 08-Sep-20 09-Sep-20 Unmodified
Victorian Institute of Forensic Medicine   FMA 07-Dec-20 08-Dec-20 Unmodified
Victorian Law Reform Commission   FMA 03-Dec-20 21-Dec-20 Unmodified
Victorian Legal Services Board and Commissioner   FMA 18-Aug-20 31-Aug-20 Unmodified
Victorian Responsible Gambling Foundation   FMA 11-Dec-20 16-Dec-20 Unmodified
Victorian WorkCover Authority (WorkSafe Victoria) Yes FMA 26-Aug-20 08-Sep-20 Unmodified
Legal Practitioners' Liability Committee   FMA 16-Sep-20 21-Sep-20 Unmodified
Premier and Cabinet
Department of Premier and Cabinet Yes FMA 16-Sep-20 18-Sep-20 Unmodified
Labour Hire Licensing Authority   FMA 30-Oct-20 05-Nov-20 Unmodified
Portable Long Service Authority   FMA 18-Aug-20 20-Aug-20 Unmodified
Queen Victoria Women’s Centre Trust   FMA 26-Aug-20 28-Aug-20 Unmodified
Shrine of Remembrance Trustees   FMA 12-Aug-20 25-Aug-20 Unmodified
Victorian Electoral Commission   FMA 07-Aug-20 10-Aug-20 Unmodified
Victorian Public Sector Commission   FMA 01-Sep-20 08-Sep-20 Unmodified
VITS Language Link   FMA 27-Aug-20 02-Sep-20 Unmodified
Transport
Commercial Passenger Vehicles Victoria   FMA 18-Nov-20 23-Nov-20 Unmodified
Department of Transport Yes FMA 09-Oct-20 12-Oct-20 Unmodified
Melbourne Port Lessor Pty Ltd  Yes FMA
CA
21-Sep-20 02-Oct-20 Unmodified
Port of Hastings Development Authority   FMA 11-Sep-20 23-Sep-20 Unmodified
Transport Accident Commission Yes FMA 28-Aug-20 08-Sep-20 Unmodified
•    Residential Independence Pty Ltd   CA 14-Sep-20 23-Sep-20 Unmodified
•    Residential Independence Trust   FMA 14-Sep-20 23-Sep-20 Unmodified
V/Line Corporation   FMA 25-Nov-20 02-Dec-20 Unmodified
Victorian Fisheries Authority   FMA 22-Oct-20 30-Oct-20 Unmodified
•    Recreational Fishing Licence Trust Fund   SPFR 11-Nov-20 16-Nov-20 Unmodified
Victorian Ports Corporation (Melbourne)   FMA 19-Nov-20 19-Nov-20 Unmodified
Victorian Rail Track Yes FMA 29-Sep-20 09-Oct-20 Modified
•    Rolling Stock (Victoria-VL) Pty Ltd   FMA 29-Sep-20 09-Oct-20 Modified
•    Rolling Stock (VL-1) Pty Ltd   CA 29-Sep-20 09-Oct-20 Unmodified
•    Rolling Stock (VL-2) Pty Ltd   CA 29-Sep-20 09-Oct-20 Modified
•    Rolling Stock (VL-3) Pty Ltd   CA 29-Sep-20 09-Oct-20 Modified
•    Rolling Stock Holdings (Victoria) Pty Ltd   CA 29-Sep-20 09-Oct-20 Modified
Victorian Regional Channels Authority   FMA 28-Sep-20 15-Sep-20 Unmodified
Treasury and Finance
CeniTex   FMA 24-Aug-20 26-Aug-20 Unmodified
Department of Treasury and Finance Yes FMA 01-Oct-20 05-Oct-20 Unmodified
Essential Services Commission   FMA 30-Oct-20 30-Oct-20 Unmodified
Infrastructure Victoria   FMA 04-Sep-20 08-Sep-20 Unmodified
State Electricity Commission of Victoria   FMA 27-Nov-20 01-Dec-20 Unmodified
State Trustees Limited   CA 27-Sep-20 11-Sep-20 Unmodified
•    inveST Funds   SPFR 28-Aug-20 14-Sep-20 Unmodified
•    State Trustees Australia Foundation   ACNC 27-Aug-20 14-Sep-20 Unmodified
•    State Trustees Australia Foundation Open Fund   ACNC 27-Aug-20 14-Sep-20 Unmodified
•    State Trustees Common Funds   SPFR 27-Aug-20 14-Sep-20 Unmodified
•    STL Financial Services Ltd   CA 27-Aug-20 14-Sep-20 Unmodified
Treasury Corporation of Victoria Yes FMA 19-Aug-20 31-Aug-20 Unmodified
Victorian Funds Management Corporation   FMA 18-Aug-20 01-Sep-20 Unmodified
•    VFM Emerging Markets Trust   SPFR 21-Sep-20 14-Oct-20 Unmodified
•    VFM Global Small Companies Trust   SPFR 21-Sep-20 14-Oct-20 Unmodified
•    VFMC Australian Credit Trust   SPFR 21-Sep-20 14-Oct-20 Unmodified
•    VFMC Balanced Fund       SPFR 21-Sep-20 14-Oct-20 Unmodified
•    VFMC Capital Stable Fund    SPFR 21-Sep-20 14-Oct-20 Unmodified
•    VFMC Cash Trust       SPFR 21-Sep-20 14-Oct-20 Unmodified
•    VFMC Emerging Markets Debt Trust 1   SPFR 29-Oct-20 19-Nov-20 Unmodified
•    VFMC Emerging Markets Debt Trust 2    SPFR 29-Oct-20 19-Nov-20 Unmodified
•    VFMC Equity Trust 1   SPFR 21-Sep-20 14-Oct-20 Unmodified
•    VFMC Equity Trust 2   SPFR 21-Sep-20 14-Oct-20 Unmodified
•    VFMC ESSS Private Equity Trust 2004   SPFR 29-Oct-20 19-Nov-20 Unmodified
•    VFMC ESSS Private Equity Trust 2006   SPFR 29-Oct-20 19-Nov-20 Unmodified
•    VFMC ESSS Private Equity Trust 2007   SPFR 29-Oct-20 19-Nov-20 Unmodified
•    VFMC Fixed Income Trust    SPFR 21-Sep-20 14-Oct-20 Unmodified
•    VFMC Growth Fund   SPFR 21-Sep-20 14-Oct-20 Unmodified
•    VFMC Inflation Linked Bond Trust    SPFR 21-Sep-20 14-Oct-20 Unmodified
•    VFMC Insurance Strategies Trust    SPFR 21-Sep-20 14-Oct-20 Unmodified
•    VFMC International Equity Trust 1   SPFR 21-Sep-20 14-Oct-20 Unmodified
•    VFMC International Equity Trust 2   SPFR 21-Sep-20 14-Oct-20 Unmodified
•    VFMC International Fixed Income Trust   SPFR 29-Oct-20 19-Nov-20 Unmodified
•    VFMC Investment Trust I    SPFR 29-Oct-20 19-Nov-20 Unmodified
•    VFMC Investment Trust II    SPFR 29-Oct-20 19-Nov-20 Unmodified
•    VFMC Investment Trust IV   SPFR 29-Oct-20 19-Nov-20 Unmodified
•    VFMC Opportunistic Strategies Trust   SPFR 29-Oct-20 19-Nov-20 Unmodified
•    VFMC Yield Optimised Dividend Accumulator Trust   SPFR 21-Sep-20 14-Oct-20 Unmodified
Victorian Managed Insurance Authority Yes FMA 28-Aug-20 08-Sep-20 Unmodified
Victorian Plantations Corporation (shell)   SPFR 15-Oct-20 22-Oct-20 Unmodified
Courts
Judicial College Victoria   FMA 10-Dec-20 15-Dec-20 Unmodified
Judicial Commission of Victoria   FMA 14-Dec-20 16-Dec-20 Unmodified
Court Services Victoria   FMA 08-Dec-20 10-Dec-20 Unmodified
Senior Master of the Supreme Court of Victoria*   SPFR 08-Sep-20 15-Sep-20 Unmodified
Parliament of Victoria
Parliament of Victoria*   FMA 08-Sep-20 09-Sep-20 Unmodified
Victorian Auditor General's Office
Victorian Auditor-General's Office   FMA 04-Sep-20 04-Sep-20 Unmodified

(a)The technical and further education sector is excluded from the table above. The results of this sector were reported in Results of 2019 Audits: Technical and Further Education Institutes (June 2020).
*Audit by arrangement
Note: Australian Charities and Not-for-profits Commission Act 2012 (ACNC); Associations Incorporation Reform Act 2012 (AIRA); Special Purpose Financial Report (SPFR).
Source: VAGO.

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