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Aboriginal Housing Victoria
Aboriginal Housing Victoria
ANNUAL REPORT 2017-2018
Artist | Courtney Shaw
In early 2018 Aboriginal Housing Victoria (AHV) launched its Annual Report Artwork Competition. Young AHV household members were invited to submit their own artwork for the chance to feature on the front of the Annual Report for 2017-2018.
Year seven student and AHV household member, Courtney won this year’s award with her piece inspired by the NAIDOC Week 2018 theme, ‘Because of her, we can!’ – celebrating the lessons passed down from Aboriginal women to their descendants.
Throughout this document the term ‘Aboriginal’ is used to refer to both Aboriginal and/or Torres Strait Islander peoples. Unless noted otherwise, the term should be considered inclusive of both Aboriginal and Torres Strait Islander peoples.
Aboriginal Housing Victoria (AHV) would like to acknowledge and pay respect to the traditional custodians of the lands throughout Victoria. We pay our respect to the elders past, present and emerging, for they hold the memories, the traditions, the culture and hopes of Aboriginal Australia. We acknowledge that Aboriginal and Torres Strait Islander Peoples continue to live in spiritual and sacred relationships with this country.
The design and symbolic meaning behind the artwork
‘Culturally women have always been the gatherers of certain foods. Women would walk and gather foods such as vegetables, fruits, nuts, honey and small animals. My painting shows one of my Yorta Yorta Elders out looking for foods, after the sun had set, to bring back to her family. This was something she would do on a daily basis.
These foods helped her family grow up strong and healthy. It also taught the girls in her family how to provide for their children when they become mothers.
This lesson of life and survival is why, because of her, we can.’
Annual Report designed by: Reanna Bono – Yakuwa Graphic Design
Chairperson and CEO report 4
About Us | Vision and Values 5
Our Staff 6
Progress towards Strategic Priorities 8
Our Portfolio and Demand 17
Our People 18
Our Performance 20
Governance 21
Financial Report 24
Our Supporters 35
TABLE OF CONTENTS
The 2017-18 financial year has been a particularly significant one for Aboriginal Housing Victoria (AHV) and the Victorian Aboriginal community.The Victorian Government’s focus on self determination and the movement
towards a treaty with Aboriginal Victorians provide the setting for a positive future in which Aboriginal Victorians lead the discussions and decisions on issues that directly affect their lives and the lives of future Aboriginal generations. I am proud that AHV is at the forefront of self determination in action, through the title transfer of 1,448 properties to AHV from the Director of Housing. This process commenced on 1 July 2016, and with the final tranche of housing transferred to us on 1 July 2018 we are now the largest non-government Aboriginal Housing provider in Australia. As at 30 June, 2018 our net assets were valued at $338.6 million; this increased to approximately $450 million following the final tranche of transfer on 1 July.The journey to title transfer and self determination could not have been achieved without the efforts of many people who have been committed to improving housing outcomes for Aboriginal Victorians. It is an achievement shared by many community members, Elders, Board members and staff (past and present), and AHV supporters, including the Victorian Government.We recognise AHV’s important responsibilities as the custodian of a significant asset portfolio on behalf of the Victorian Aboriginal community. We intend to take every opportunity to renew our housing stock and to grow AHV’s housing portfolio in the years ahead, so that we can assist more Aboriginal Victorians to obtain secure and affordable housing. We look forward to continuing to work with the Victorian Government to ensure the housing opportunities outlined in the Homes for Victorians initiatives are available to Aboriginal people. In particular, we will advocate for first home ownership initiatives that are culturally sensitive and accessible to Aboriginal Victorians, so they can enjoy the security and wealth generation opportunities of home ownership. We will also continue to work to establish and strengthen partnerships with local governments, particularly in relation to key urban renewal developments that align with AHV’s asset management growth plans. We are leading work with Aboriginal Cooperatives and other Aboriginal organisations across Victoria, to deliver a Victorian Aboriginal Housing and Homelessness Framework by mid-2019. This important work will provide the foundation for an alternative community-led approach to the design and delivery of programs and services that reduce homelessness, improve social housing provision, and ultimately close the gap in home ownership between Aboriginal and non-Aboriginal Victorians.My closing message is to our tenants. The house you now live in is owned by you and other Aboriginal Victorians. It is incumbent upon all of us to value that asset and to look after it for future generations of Aboriginal Victorians.Tim Chatfield, Chairperson
CHAIRPERSON’S REPORT CEO’S REPORT
It’s been another memorable year in AHV’s ongoing story.
In 2018, we celebrated the final transfer of properties from the Victorian Government, as well as smaller transfers in Gippsland and northern Melbourne, following
successful negotiations with the Commonwealth Government. I acknowledge and thank both governments for their demonstrated confidence in AHV’s ability to own and manage housing on behalf of the Aboriginal community.
AHV’s daily activities focus on the important delivery of secure and affordable housing services. During the last 12 months, AHV has:• welcomed 150 new households; • undertaken significant upgrades to 11 properties at a
cost of more than $600,000; and• commenced construction on 21 new properties funded
through the sale of properties that no longer meet the needs of current and future AHV households.
AHV continues to investigate ways in which we can work to improve life outcomes for our tenants and household members. During 2017-18, we extended the More Than A Landlord program to northern metropolitan Melbourne. The program focuses on working with tenants to reach their aspirations, achieve sustainable tenancies and improve their health and wellbeing outcomes. AHV now has a strong evidence base to demonstrate the program’s effectiveness. Our medium to long term goal is to secure ongoing funding for this program so that it is potentially available across Victoria.
As the largest non-government Aboriginal landlord in Australia, AHV is increasingly called upon to share knowledge and provide leadership on Aboriginal housing issues. With the financial support of the Victorian Government, AHV is leading the development of a Victorian Aboriginal Housing and Homelessness Framework. The development of the Framework involves a ‘rights-based’ approach, placing Aboriginal people at the centre of housing and service policy design. We are also leading sector development work in cooperation with Aboriginal Cooperatives, to support high quality housing service delivery for Aboriginal people.
We will also be exploring with governments how we can use housing as a platform for engaging tenants in services that they need, as well as building on their strength and resilience so they can enjoy happy and productive lives.
Most importantly we will continue to listen to and respect the voices of Aboriginal Victorians as we continue our journey of self determination together.
Darren Smith, CEO
4 ❘ Aboriginal Housing Victoria ❘ Annual Report 2017-2018
Aboriginal Housing Victoria ❘ Annual Report 2017-2018 ❘ 5
VALUESRespect and support for Aboriginal identity and
culture, and for our tenants and stakeholders.
Striving for excellence through our leadership in Aboriginal housing and best practice service delivery.
Integrity, trust and honesty in all our business activities.
Collaborative relationships with our community, tenants, government and stakeholders
Kindness, compassion, courtesy and dignity in our relationships with our clients, stakeholders and each other.
VISIONThat Aboriginal Victorians secure appropriate, affordable housing as a pathway to better lives and stronger communities.
Who we are
AHV is a not-for-profit registered Housing Association and the largest non-government Aboriginal housing organisation in Australia.
We are an independent Aboriginal community organisation that provides culturally safe, affordable and secure housing to approximately 4,000 low income Aboriginal Victorians in 1,555 housing units across the State.
AHV is a proud agency: proud of the history and culture of the Aboriginal peoples of Victoria, proud of the Aboriginal people of Victoria who we serve and proud of our heritage.
What we do
Through the provision of secure housing by an Aboriginal landlord, AHV helps strengthen Aboriginal communities and cultural ties and aim to maintain and sustain tenancies to break the cycle of poverty and disadvantage.
Our clients are at the heart of our business. Acting as a responsible and innovative property owner and landlord, we deliver culturally safe services to the Victorian Aboriginal community. We work in partnership with other agencies where our tenants need special social supports; ensuring they are linked into the services they need.
This is reflected in in the high percentage of tenancies maintained (91.2 percent in 2017-18), which is exceptional given the unique and complex disadvantage experienced by many of our tenants.
AHV provides high quality, one-stop-shop service delivery to our tenants. A single point of contact takes clients directly to staff who are trained across tenancy, housing application and maintenance issues.
We continue to hold and participate in community meetings and events. The voices of our tenants inform the ways we seek to continue to improve our services.
ABOUT US
OUR STAFF
6 ❘ Aboriginal Housing Victoria ❘ Annual Report 2017-2018
AHV’s organisational structure is designed to help us meet our commitment to partnering with our tenants and other stakeholders and improving housing for the Victorian Aboriginal community.
Our Operations Team provides front line services to our clients which encompasses - client services, tenancy services, compliance and systems improvement, and management of property maintenance. A number of our Operations staff are based in regional Victoria, located in Ballarat, Bairnsdale, Bendigo, Mildura, Morwell, Shepparton and Warrnambool. Our team of staff in North Fitzroy provide services to our clients in metropolitan Melbourne.
Our Strategy and Performance Team ensures we meet our reporting and compliance obligations, manages our assets strategically, leads policy and strategy development and business planning, and manages the advocacy function. Corporate services, AHV wellbeing programs, communications and community engagement functions also form part of this team.
Our Finance Team focuses on governance, managing the budget and finance, and risk management strategies.
Our Human Resources and Organisational Development Team ensures we have the people capability to meet our objectives and provides training opportunities to employees in culturally appropriate practice and support functions so that they can meet the needs of our tenants, their families and the community.
HR and Organisational DevelopmentDenise Michie
HR Officer
Senior Operations Advisor
Chief Executive OfficerDarren Smith
Executive Assistant
Operations Systems Process
ImprovementTRMC
Rent ReviewComplaints
Compliance & Systems
Improvement Team
Director, OperationsPren Dodaj
Client Services Team
Senior Housing Officers
Housing OfficersClient Services
Wait List & Allocations
Property Compliance
Administration
Maintenance & Operations Team
Chief Financial Officer
Deep Fernando
Finance Team
Director, Strategy and PerformanceJohn Templeman
Policy & Board Secretariat
Corporate Services
Wellbeing Programs
Data & Reporting
Communications & Community Engagement
Asset Management
“The number one reward is when you see your own people and their satisfaction, and how happy
people are when they have their own place.”Kevin Atkinson, AHV Housing Officer
“Self determination is making sure that not only our mob
in Victoria, but our mob in Australia has a bright future…
and that starts with a solid foundation in housing.”
Glenn Pellegrin, AHV Senior Housing Officer
“It’s really important within community housing that we look at the families holistically and how we
can help them sustain their tenancies, and achieve their goals and aspirations.”
Samantha French, AHV Wellbeing Program Team Leader & Life Coach
STRATEGIC PRIORITY 1Growing our housing supply through acquisitions, disposals and development of our asset base to ensure AHV has a viable, growing social housing portfolio that increases in value and quantityWe marked a milestone in our asset development program
The past year saw AHV realise its goal of self determination through property ownership, with the final tranche of the 1,448 previously-owned Director of Housing properties transferred to AHV.
This historical transfer, in addition to other acquisitions throughout the year, brings AHV’s overall property portfolio to 1,569 properties1. This includes properties transferred from the administration of the former Central Gippsland Aboriginal Health and Housing Co-operative.
AHV also has a number of properties currently under development which are due to come on line in the next 12 months, including those partially funded by the Rapid Housing initiative, and those internally funded by previous property disposals. In total, this will provide an additional 16 new properties that will be available for tenancy. A number of existing properties have also been identified for developments of different types, and AHV has commenced discussions with local, state and federal governments around sourcing new opportunities to increase housing stock for Aboriginal Victorians.
During the course of the year AHV also disposed of seven properties which were no longer sustainable. AHV will use the proceeds of these sales to fund current and future developments, to incrementally increase its housing stock. Disposing of properties that are no longer required or economically viable remains a key aspect of AHV’s Asset Management Strategy.
AHV also completed its first property survey program which seeks to gather property condition information on each of AHV’s properties on a three-year cycle. This information is pivotal to informing the actions AHV will take with regard to property renewals, disposals and acquisitions. At the close of the first program, AHV had collected property data on 70% of all of its stock (1082 houses) and will work with tenants throughout the year where access to carry out the survey was not able to be obtained. The next cycle of surveys will begin again in late 2018 for properties in the metropolitan regions which were surveyed during 2015-16, and will inform future versions of the AHV Asset Strategy and Plan, and will enable AHV to plan future upgrade works for tenanted properties throughout the state.
1 This figure includes vacant land and AHV’s Head Office.
8 ❘ Aboriginal Housing Victoria ❘ Annual Report 2017-2018
STRATEGIC PRIORITY 2Strengthening governance, probity and viability to manage the more complex business of a Housing Association and property owner
We are working to maximise the opportunities available to a growing housing association
On 1 July 2018 the Director of Housing formally transferred to AHV the third and final tranche of properties as part of the Title Transfer process. The first tranche of properties commenced on 1 July 2016 (metropolitan Melbourne) followed by the second tranche on 1 July 2017 (Loddon and Hume regions). The final tranche comprised properties in Grampians, Barwon and Gippsland regions.
The journey to title transfer had its genesis in 1981 when Aboriginal community members from around the State came together to form the Aboriginal Housing Board of Victoria. Having managed properties on behalf of the Director of Housing for many years, AHV worked hard to improve our performance, build internal capacity, create strong external relationships and very importantly modernise our governance structure. In addition, AHV established an Asset Management Strategy underpinned by an Asset Management Plan that demonstrated our capacity and commitment to effective stewardship of these valuable assets. Following an exacting registration assessment process, AHV achieved Housing Association status in early 2016. We are the only Aboriginal housing organisation in Australia to achieve this level of accreditation.
With the completion of the title transfer, AHV has become the largest non-government provider of social housing to Aboriginal people in Australia, with 1,555 housing properties as at 30 June 2018. While AHV previously managed these properties on behalf of the Director of Housing, ownership of the portfolio offers important opportunities for AHV to grow its housing stock numbers and improve housing quality through:• disposal of old, inefficient and “hard to let” properties
and using sale proceeds for new housing that better reflects the current needs and locational preferences of our Aboriginal clients, including two bedroom units for smaller families, Elders and single people;
• redevelopment of larger blocks in Melbourne and regional Victoria that can yield an increase in the number of units on the site; particularly where sites are close to services and there is a high demand for housing; and
• upgrading existing properties to improve housing standards and amenity for tenants.
Housing Association registration established AHV’s credentials as an organisation with the capacity to successfully own and manage a significant property portfolio. The Victorian Government promptly honoured its commitment to title transfer, with the first tranche following within six months after AHV’s registration as a Housing Association.
Aboriginal Housing Victoria ❘ Annual Report 2017-2018 ❘ 9
10 ❘ Aboriginal Housing Victoria ❘ Annual Report 2017-2018
“My interactions with the Housing Officers have been positive. They’re always willing to
help and go that little extra step for me.”Michael Hoye, AHV Tenant
“To have Aboriginal Housing Victoria running like it is, doing a job that is relevant to the
Aboriginal people, is what’s important.”Aunty Georgina Lovett-Williams
AHV Tenant and Board Member 1996-1998
“Our organisations are Aboriginal -controlled; they’re about ensuring that we as Aboriginal people have a say about what’s provided to us, and Aboriginal community organisations provide that.”Bev Murray, AHV CEO 2000-2005
Aboriginal Housing Victoria ❘ Annual Report 2017-2018 ❘ 11
STRATEGIC PRIORITY 3Improving organisational capability to manage a viable growing social housing portfolioWe are enhancing our technological and operational capabilities to provide more responsive services
AHV is consistently exploring ways to achieve best practice in all areas of the organisation, including information technology, operations, asset management and human resources.
During 2017-18 AHV finalised and started to implement AHV’s Organisational Development Framework (ODF). The ODF articulates AHV’s leadership style and organisational culture, centred around Aboriginal cultural values, and development goals to support AHV’s aim of service delivery excellence. Implementation of the ODF in the coming year focuses on improved organisational culture; staff health and wellbeing; improved management and supervision of staff; improved development and training of staff; and improved probation processes.
Understanding statistical trends and being able to respond efficiently is vital to managing a growing housing portfolio. AHV’s data reporting team has researched and reimagined ways to present data for internal and external stakeholders. By using leading data visualisation software Tableau, information from AHV’s database can be readily presented in a dashboard format of clear and interactive graphs.
The software has been used to produce regular reports for AHV’s Executive Management Group, Senior Housing Officers and Board Members. The software has also improved the quality of AHV’s performance reports that are submitted to the Housing Registrar as part of AHV’s compliance requirements for ongoing registration.
In seeking to fine tune AHV’s operational and service delivery capacity, an organisational review was conducted in July 2017 that resulted in a realignment of operational roles. The realignment has resulted in the creation of three regional teams led by a Senior Housing Officer, reporting to the Team Leader Client Services.
The Senior Housing Officers are taking a lead role in driving service improvements at the local level, and in strengthening external relations particularly with other Aboriginal organisations, community organisations and with government networks and forums. They are also engaging with specialist providers, identifying regional tenancy and assets issues that require attention locally or at the state-wide level, and providing advice on the needs of complex clients. Senior Housing Officers also deliver an important mentoring and support role for local Housing Officers, many of whom are lone workers.
The strength of this model has enabled the development of a strong team-based approach, with improved alignment of linked functions.
During 2018-19, there will continue to be a focus on actions to deliver improved results against key performance measures, including arrears management and reduction in tenant related property damage. This includes improved processes for monitoring and reporting on performance against identified targets.
STRATEGIC PRIORITY 4Improving the quality of services delivered by Aboriginal Housing Victoria and operational responsiveness to strategic issues
12 ❘ Aboriginal Housing Victoria ❘ Annual Report 2017-2018
We are expanding our services to improve outcomes for tenants
AHV is working to strengthen its Life Skills and Life Coaching programs as well as improve organisational responsiveness to tenant wellbeing. This process has involved identifying tenant needs and goals, expanding existing support programs, and consolidating existing organisational resources so that they better meet the needs of our tenants.
In mid-2016, AHV launched the More Than A Landlord (MTAL) project, with funding from the Department of Health and Human Services Koolin Balit Aboriginal Health Strategy. The pilot program aims to coordinate tenancy management with support services, through a household/family lens, which is more consistent with Aboriginal cultural values. At its core, MTAL offers tenants the opportunity to engage with Life Coaches to set and work towards personal goals and aspirations. The pilot program initially commenced with 80 tenancies in the City of Whittlesea.
Backed by peer-led research and spearheaded by two AHV Life Coaches, the program expanded to 240 AHV households in the north-west metropolitan area of Victoria, encompassing around 650 tenants and household members. The extended program was made possible by an additional Koolin Balit funding allocation. Over 200 personal goals have been achieved by the 50 tenants who have signed up to the program.
Commensurate with this growth has been the strengthening of the workforce. AHV has recruited a new Life Skills Worker and Community Engagement Officer to its Wellbeing Team.
The Life Skills program provides tailored intensive support to tenants with immediate and complex needs as well as intervention to minimise the impact of issues that may lead to tenancy breakdown. Tenants have the option to move on to Life Coaching once immediate issues are addressed.
The Community Engagement Officer supports the Wellbeing Team in tenant communication, engagement and events management. AHV has also recruited its first male Life Coach to support the goals of male tenants and household members, in a culturally safe environment. The team collaborates with AHV Operations staff, to achieve early intervention when issues are identified, and to provide further support to tenants as needed.
MTAL hosted four major community events throughout the 2017-2018 financial year. These were our Community Cook Up, Christmas Gathering, Funfields Family Day Out and Movie Night. These events have provided an opportunity for tenant outreach, as well as the promotion of healthy living and access to information on community service providers. Over 350 tenants and their family members have attended these events.
The achievement of over 200 tenant goals is a key indication of the effectiveness of the MTAL approach. The way tenants view AHV and its role in their lives is being reframed. By being more than a landlord, AHV is building stronger relationships with its tenants based on trust, respect, patience and understanding. Through MTAL, we have been able to empower tenants to work to achieve their own personal goals and to enjoy improved health, social, employment, cultural and community outcomes, as a direct result of their own efforts.
“I think the very important thing is that self determination means that people are able to live the life they want to live – both individually and as a community. And of
course that means not just giving people power, but giving them economic and social strength. I think there’s a very big symbolic importance of Aboriginal Housing Victoria.
That sense of ownership, the sense of confidence that you can do it for yourself ; it is really a very
significant act of self determination.”Jenny Samms, AHV CEO 2013-2017
“Since joining the More Than A Landlord program I’ve got a lot more drive to actually get out in the community
and do a lot more, instead of just with the groups I know. I can
open some doors and meet some new people.”Sharyn Lovett, AHV Tenant
“Aboriginal Housing Victoria makes sure that things are done for our people the right way.”
Aunty Patricia Ockwell AHV Tenant and Board Member 1989-1993
(Chairperson 1996-2004)
STRATEGIC PRIORITY 5Building better relationships with our Aboriginal clients and Victorian Aboriginal communitiesWe are strengthening tenant and community connections
We continue to work to engage tenants, foster community participation, and understand what can be done to improve outcomes for Aboriginal Victorians. Throughout the year we hosted and participated in 35 community engagement events and activities, reaching over 6,000 people and generating awareness about AHV’s services.
The centrepiece of our event program was our 19th annual NAIDOC Family Day at the Farm, which was also a celebration of the final transfer of property titles from the Victorian Government to AHV. The event was our largest ever, with just over 2,000 visitors enjoying a fun-filled day of cultural activities and performances.
The day also saw the launch of Self determination in action, a special video AHV produced to celebrate the final transfers. The short documentary features reflections of AHV stakeholders about the impact of AHV in the community and the journey to where it is today.
A celebration of the second round of title transfers (Hume Loddon region) was also held in Shepparton in September 2017. The regional gathering was an opportunity to commemorate this important chapter in the overall transfer process and recognise the efforts of everyone who worked to make it a reality.
Community support has helped make all AHV initiatives a success, including our Christmas Toy Appeal. AHV’s third annual Toy Appeal was launched in October 2017 and aimed to support our most vulnerable tenants by providing Christmas gifts for their children. Donations from individuals and organisations allowed us to provide gifts to more than 600 children across 200 families; a significant increase from the previous year. Housing Officers and Wellbeing staff from all AHV’s regions visited tenants to personally deliver the gifts.
We have also strengthened our collaboration with partner organisations including Djirra. Female AHV staff participate in regular Djirra-hosted Sisters Day Out events, which offer well-being workshops and a chance to build relationships in a relaxed, culturally sensitive environment. Staff members represented AHV at 11 of Djirra’s workshops during the financial year, engaging with hundreds of guests and other support services.
We have also participated in Aboriginal Community Elders Services, Dardi Munwurro Men’s Gathering and Reconciliation Week events. This includes our co-hosting of the annual Reconciliation on the Rooftop, which was run in conjunction with SNAICC and Yarra City Council.
From July to September 2017, AHV delivered state-wide consultations on tenancy rights and responsibilities, in partnership with the Victorian Civil and Administrative Tribunal, Victorian Aboriginal Legal Service and the Tenants Union of Victoria. AHV tenants, Aboriginal communities and allied service providers from eight communities across Victoria participated in these consultations.
AHV’s bimonthly Mia Mia newsletter has also maintained its important role in providing tenants with news about our organisation and community, as well as opportunities for greater participation in initiatives. This includes our gardening and Annual Report artwork competitions.
14 ❘ Aboriginal Housing Victoria ❘ Annual Report 2017-2018
Aboriginal Housing Victoria ❘ Annual Report 2017-2018 ❘ 15
AHV has also expanded its social media presence and has increased its Facebook following to 2258 members. Over the course of the financial year 137 posts were made on the AHV Facebook page, reaching users’ screens over 100,000 times. This strong engagement is a positive sign as AHV seeks to improve the ways to engage with our growing community.
AHV is continuing to explore the best approach to connecting with tenants and the wider community. We have begun building the foundations of a state-wide program of community engagement events that will seek to further strengthen ties between AHV staff, tenants and community organisations.
16 ❘ Aboriginal Housing Victoria ❘ Annual Report 2017-2018
STRATEGIC PRIORITY 6Strengthening partnerships with government, the housing and community sector and corporate bodies
We are advocating for issues important to the Aboriginal community
A lack of policy effort and investment in secure and affordable housing over time has resulted in very poor outcomes for many Aboriginal Victorians. At the same time, progress towards closing the gap has been slow for a range of targets relating to Aboriginal health and wellbeing. This is no coincidence. For some time, AHV has been advocating for secure and affordable housing for Aboriginal people, as a platform for investment in programs and initiatives that can effectively close the gap in health, social, educational and economic outcomes.
In a first for Victoria, the State Government has recognised the need for a comprehensive and coordinated response to the specific housing issues experienced by Aboriginal Victorians. With the support of the State Government and Aboriginal community controlled organisations, AHV is leading the development of a Victorian Aboriginal Housing and Homelessness Framework. This community led approach is a further demonstration of the Government’s commitment to self determination.
The Framework will take a rights-based approach and will focus on:• Aboriginal people’s housing needs across their life
course;• the programs and services required to achieve
improved housing outcomes; • the capacity and capability of service and housing
providers to deliver quality, culturally appropriate services for Aboriginal people; and
• other relevant areas of social and economic policy, including Commonwealth and State policy and program interventions.
To be effective, and consistent with the life course approach, the Framework will take a broad view across the range of housing and related services sectors, including:• homelessness services (and homelessness prevention
support); • transitional and specialist housing needs; • social and affordable housing;• home ownership; and • the future role and viability of Aboriginal housing
organisations.
Development of the Framework commenced in June 2018 and we look forward to engaging with Aboriginal organisations and communities to ensure the Framework reflects the aspirations of Victorian Aboriginal people.
Aboriginal Housing Victoria ❘ Annual Report 2017-2018 ❘ 17
PORTFOLIO AND DEMAND
PortfolioUnlike most Victorian community housing agencies, AHV provides
housing services throughout metropolitan and regional Victoria
to a discrete client group, with a total of 1,555 properties.
Demand
The demand for homes vastly exceeds the number of AHV
vacancies that occur each year. The majority of AHV properties are
in regional areas (65%), however demand for housing in metropolitan
Melbourne continues to grow at greater rate.
Mismatch of supply and demandAHV predominantly provides larger family accommodation units, due to the kinship nature of the Aboriginal community, resulting in larger households. However, analysis of our applications has confi rmed a steady demand for smaller units amongst those on AHV’s waiting lists.
AHV aims to modify the profi le of its existing housing stock, through redevelopment and acquisition of smaller accommodation to meet the increasing demand and to support tenants to downsize to more appropriate accommodation once they are no longer caring for children.
16%
4%
7%
11%
12%
14%
18512% 15% 5%
16%
Percentage of applicants, by region
Number and percentage of properties, by region
433%
1449%
16611%
19713%
31020%
1208%
1469%
24416%
PEOPLE
Who is applying?Generally, the profile of households on our wait list reflects the current types of households in our properties, with high proportions of singles and single-parent families with children.
Who are our tenants?AHV’s housing services are targeted to Aboriginal households in need of support who have been unable to secure appropriate and affordable housing through the private rental market.
“Our lives have changed a fair bit since we became tenants of AHV. We’re looking ahead for a better future.”Thorne Smith, AHV Tenant
Our residentsWhile there is a mix of age
groups within AHV households, the majority of household
members are children and young people 17 years and
under, with female members making up 58% of all AHV
households.
Aboriginal Housing Victoria ❘ Annual Report 2017-2018 ❘ 19
Our tenants income sourceAHV tenants typically have low incomes relative to the broader population and most are wholly or partly dependant on income support payments from Centrelink.
Many AHV tenants are experiencing signifi cant and chronic fi nancial stress, together with other issues such as poor mental health and/or physical health and exposure to violence. Without appropriate support, these tenants may struggle to maintain their tenancies and will have limited opportunities to improve their life outcomes.
PERFORMANCE
20 ❘ Aboriginal Housing Victoria ❘ Annual Report 2017-2018
Percentage of evictionsThe percentage of evictions as exits are over
infl ated due to the low number of tenancy exits.
AHV continues to focus on sustaining tenancies, but evictions remain an action of last resort.
MAINTENANCE AND REPAIRS$1,647,863 TENANT REQUESTED MAINTENANCE AND REPAIRS
5,192 WORK ORDERS REQUESTED
5,187 WORK ORDERS COMPLETED *
$971,586 VACANT UNITS AND TENANT DAMAGE REPAIRS
$2,049,382 CAPITAL WORKS & PLANNED MAINTENANCE
$3,391,121COUNCIL & WATER RATES FOR HOUSES* Not all work orders raised during the year have been completed. The difference being that when an order is raised, AHV must wait for the invoice to be received, checked and then entered onto the SDM database to close the order.
91.2%150TENANCIES SUSTAINED IN 2017-18
NEW TENANCIES CREATED
$15,150,101TOTAL RENT CHARGED
$453,282RENTAL ARREARS (2.9%)
$1,087AVERAGE TENANTRENTAL ARREARS
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Boar
d’s
resp
onsi
bilit
y to
pro
vide
stra
tegi
c gu
idan
ce a
nd e
ffect
ive
over
sigh
t of
the
man
agem
ent o
f AH
V. T
he B
oard
has
del
egat
ed th
e re
spon
sibi
lity
of d
ay to
day
m
anag
emen
t, op
erat
ion
and
adm
inis
tratio
n to
the
Exe
cutiv
e M
anag
emen
t tea
m, w
ith
who
m it
mee
ts re
gula
rly to
dis
cuss
cur
rent
and
futu
re b
usin
ess
need
s.
Inco
rpor
atio
n an
d G
over
nanc
e AH
V is
a n
ot-fo
r-pro
fit p
ublic
com
pany
, lim
ited
by g
uara
ntee
regi
ster
ed u
nder
the
Cor
pora
tions
Act
200
1 (C
omm
onw
ealth
). A
com
pany
lim
ited
by g
uara
ntee
is a
spe
cial
ised
pu
blic
com
pany
des
igne
d fo
r not
-for-p
rofit
org
anis
atio
ns w
hich
are
form
ed fo
r pur
pose
s be
nefic
ial t
o th
e co
mm
unity
. AH
V w
as fo
rmed
to p
rovi
de a
fford
able
hou
sing
and
resi
dent
ial
acco
mm
odat
ion
optio
ns fo
r Abo
rigin
al p
eopl
e in
Vic
toria
. Thi
s fo
rm o
f com
pany
is re
quire
d to
be
man
aged
by
a co
nstit
utio
n an
d is
sub
ject
to re
lativ
ely
high
sta
ndar
ds o
f gov
erna
nce
incl
udin
g fin
anci
al a
udit
and
repo
rting
requ
irem
ents
. As
a re
flect
ion
of th
e hi
gh s
tand
ards
of g
over
nanc
e, d
irect
ors
are
requ
ired
to c
ompl
y w
ith
the
sam
e le
gal d
utie
s an
d ob
ligat
ions
as
dire
ctor
s of
a c
omm
erci
al c
ompa
ny. D
irect
ors
are
proh
ibite
d fro
m re
ceiv
ing
divi
dend
s an
d un
der t
his
stru
ctur
e an
y su
rplu
s is
requ
ired
to b
e re
inve
sted
into
the
bene
ficia
l pur
pose
the
com
pany
was
est
ablis
hed
to a
chie
ve.
AH
V is
als
o a
regi
ster
ed h
ousi
ng a
genc
y un
der t
he H
ousi
ng A
ct 1
983
(Vic
); an
d a
publ
ic
bene
vole
nt in
stitu
tion,
ent
itled
to ta
x co
nces
sion
s un
der t
he In
com
e Ta
x A
sses
smen
t Act
19
97 (C
omm
onw
ealth
).
Boa
rd S
truc
ture
and
Mee
tings
N
umbe
r of d
irect
ors
- The
Boa
rd c
ompr
ises
no
less
than
5 a
nd n
o m
ore
than
7 d
irect
ors.
Boa
rd s
kills
and
div
ersi
ty -
The
Boa
rd w
ill c
ompr
ise
indi
vidu
als
who
hav
e th
e sk
ills
and
expe
rienc
e re
leva
nt to
the
purs
uit o
f the
AH
V o
bjec
tives
in a
ll or
any
of t
he a
reas
of
busi
ness
, soc
ial h
ousi
ng, g
over
nanc
e, la
w, a
ccou
ntin
g an
d co
mm
unic
atio
ns.
All
dire
ctor
s m
ust l
ive
in V
icto
ria a
nd a
maj
ority
mus
t be
Abo
rigin
al.
App
oint
men
t of d
irect
ors
- The
app
oint
men
t of a
dire
ctor
mus
t be
appr
oved
by
the
Boa
rd a
nd c
ompr
ise
a te
rm o
f app
roxi
mat
ely
3 ye
ars
com
men
cing
at t
he e
nd o
f the
Ann
ual
Gen
eral
Mee
ting
at w
hich
they
wer
e ap
poin
ted
and
expi
ring
at th
e en
d of
the
third
Ann
ual
Gen
eral
Mee
ting
afte
r the
ir el
ectio
n, a
t whi
ch ti
me
they
will
retir
e.A
retir
ing
dire
ctor
is e
ligib
le fo
r re-
elec
tion,
but
may
onl
y se
rve
a m
axim
um o
f 3
cons
ecut
ive
term
s w
ithou
t a b
reak
in s
ervi
ce o
f at l
east
3 y
ears
.Th
e B
oard
may
als
o ap
poin
t a re
plac
emen
t dire
ctor
to a
ny c
asua
l vac
ancy
aris
ing
in
the
offic
e of
a d
irect
or. A
ny d
irect
or s
o ap
poin
ted
will
hold
offi
ce u
ntil
the
end
of th
e ne
xt
Ann
ual G
ener
al M
eetin
g.M
eetin
g fr
eque
ncy
- The
Boa
rd m
ust h
old
at le
ast 6
mee
tings
a y
ear a
nd s
uch
addi
tiona
l m
eetin
gs a
s th
e di
rect
ors
agre
e, in
ord
er to
per
form
its
dutie
s.Q
uoru
m -
No
busi
ness
may
be
trans
acte
d at
a B
oard
or C
omm
ittee
mee
ting
unle
ss a
qu
orum
is p
rese
nt a
t the
tim
e th
e bu
sine
ss is
con
side
red.
Unl
ess
othe
rwis
e de
term
ined
by
the
Boa
rd, a
quo
rum
for m
eetin
gs o
f the
Boa
rd is
hal
f of t
he d
irect
ors
plus
one
of t
he
dire
ctor
s, o
r if t
he n
umbe
r of d
irect
ors
is n
ot a
mul
tiple
of 2
, the
n th
e od
d nu
mbe
r nea
rest
to
and
gre
ater
than
hal
f of t
he d
irect
ors.
Votin
g at
mee
tings
- Th
e B
oard
gen
eral
ly o
pera
tes
by c
onse
nsus
but
whe
re a
con
sens
us
cann
ot b
e re
ache
d de
cisi
ons
are
mad
e us
ing
the
votin
g pr
ovis
ions
of t
he C
onst
itutio
n.
Und
er th
e C
onst
itutio
n de
cisi
ons
are
deci
ded
by th
e m
ajor
ity o
f vot
es, w
here
eac
h di
rect
or
pres
ent i
s en
title
d to
one
vot
e.A
gend
a an
d bo
ard
pape
rs -
The
Cha
ir in
con
junc
tion
with
the
CE
O w
ill s
ettle
age
ndas
fo
r Boa
rd m
eetin
gs.
The
CE
O w
ill a
rran
ge m
eetin
gs; d
istri
bute
age
ndas
and
sup
porti
ng
pape
rs to
dire
ctor
s at
leas
t 7 d
ays
befo
re th
e re
leva
nt m
eetin
g; k
eep
and
dist
ribut
e m
inut
es o
f eac
h m
eetin
g; a
nd e
nsur
e th
at m
inut
es a
nd re
ports
are
pro
vide
d to
the
Boa
rd.
The
proc
eedi
ngs
and
reso
lutio
ns o
f mee
tings
of d
irect
ors
are
form
ally
reco
rded
as
min
utes
of
a c
ompa
ny w
ithin
one
mon
th o
f a m
eetin
g.
Abor
igin
al H
ousi
ng V
icto
ria ❘ A
nnua
l Rep
ort 2
017-
2018
❘ 21
Rol
e of
indi
vidu
al d
irect
ors
Indi
vidu
al d
irect
ors
brin
g sp
ecifi
c sk
ills a
nd e
xper
ienc
e th
at a
dd v
alue
to th
e Bo
ard
and
they
are
ulti
mat
ely
resp
onsi
ble
for t
he o
vera
ll su
cces
sful
ope
ratio
ns o
f AH
V. T
hey
mus
t ac
t in
the
best
inte
rest
of A
HV
and
hav
e a
duty
to q
uest
ion,
requ
est i
nfor
mat
ion,
rais
e an
y is
sue
and
fully
can
vas
all a
spec
ts o
f any
issu
e co
nfro
ntin
g A
HV
bef
ore
exer
cisi
ng
inde
pend
ent a
nd re
ason
ed ju
dgem
ent.
The
Gov
erna
nce
Com
mitt
ee re
gula
rly re
view
s th
e di
vers
ity o
f ski
lls, e
xper
ienc
e, g
ende
r, ag
e, a
nd p
erso
nal a
ttrib
utes
of t
he B
oard
to e
nsur
e an
app
ropr
iate
bal
ance
is m
aint
aine
d to
incr
ease
the
Boa
rds
effe
ctiv
enes
s.D
irect
or’s
Cod
e of
Con
duct
- AH
V’s
dire
ctor
s ar
e bo
und
by th
eir fi
duci
ary
duty
to a
ct in
go
od fa
ith a
nd in
the
best
inte
rest
of A
HV,
the
Abo
rigin
al C
omm
unity
and
its
tena
nts.
The
y m
ust f
ulfil
all
of th
eir l
egal
obl
igat
ions
and
pro
vide
lead
ersh
ip in
resp
ect t
o AH
V’s
cultu
re
and
valu
es.
The
Boa
rd h
as a
dopt
ed a
Cod
e of
Con
duct
con
sist
ent w
ith th
e pr
inci
ples
of t
he A
ustra
lian
Inst
itute
of C
ompa
ny D
irect
ors
publ
ishe
d C
ode
of C
ondu
ct a
nd w
hich
refle
cts
AHV’
s cu
lture
and
val
ues.
Perf
orm
ance
and
team
wor
k - I
n pe
rform
ing
thei
r rol
e di
rect
ors
aspi
re to
hig
h go
vern
ance
st
anda
rds
whi
ch in
clud
e pr
inci
ples
der
ived
from
the
AS
X C
orpo
rate
Gov
erna
nce
Cou
ncil
Prin
cipl
es o
f Goo
d G
over
nanc
e. T
hese
prin
cipl
es in
clud
e th
e re
quire
men
t tha
t dire
ctor
s w
ork
as a
team
and
mee
t on
a re
gula
r bas
is.
The
AH
V B
oard
con
side
rs th
e on
goin
g de
velo
pmen
t and
impr
ovem
ent o
f its
ow
n pe
rform
ance
as
a cr
itica
l asp
ect o
f effe
ctiv
e go
vern
ance
. To
this
end
the
Boa
rd u
nder
take
s an
ann
ual e
valu
atio
n of
the
perfo
rman
ce o
f the
Boa
rd, i
ts C
omm
ittee
s an
d C
hair
with
re
sults
dis
cuss
ed a
t the
Ann
ual G
ener
al M
eetin
g.C
onfid
entia
lity
- The
pro
ceed
ings
, pap
ers
and
min
utes
of t
he B
oard
are
con
fiden
tial a
nd
may
not
be
disc
lose
d w
ithou
t app
rova
l of t
he B
oard
exc
ept w
here
requ
ired
to b
e di
sclo
sed
by la
w. A
ny re
gula
r and
ad
hoc
rele
ase
of in
form
atio
n is
sub
ject
to th
e po
licie
s an
d pr
oced
ures
as
outli
ned
with
in th
e A
HV
Com
mun
icat
ion
Stra
tegy
.N
etw
orki
ng -
Dev
elop
ing
netw
orks
and
wor
king
to p
rom
ote
the
repu
tatio
n of
AH
V a
re
reco
gnis
ed a
s im
porta
nt c
ompo
nent
s of
a d
irect
or’s
role
. Dire
ctor
s ar
e en
cour
aged
to a
ct
as a
mba
ssad
ors
and
to d
evel
op a
nd m
aint
ain
conn
ectio
ns fo
r the
ben
efit o
f AH
V.
The
role
of t
he C
hair
The
Cha
ir is
resp
onsi
ble
for l
eadi
ng th
e B
oard
, ens
urin
g th
at d
irect
ors
are
prop
erly
brie
fed
in a
ll m
atte
rs re
leva
nt to
thei
r rol
es a
nd re
spon
sibi
litie
s, fa
cilit
atin
g B
oard
dis
cuss
ions
and
m
anag
ing
the
Boar
d’s
rela
tions
hip
with
man
agem
ent.
Elec
tion
of th
e ch
air -
At t
he fi
rst m
eetin
g of
the
Boar
d af
ter t
he A
nnua
l Gen
eral
Mee
ting,
th
e di
rect
ors
appo
int f
rom
am
ong
thei
r num
ber a
Cha
ir w
ho h
olds
offi
ce u
ntil
the
end
of th
e ne
xt o
f the
nex
t Ann
ual G
ener
al M
eetin
g, b
ut w
ho is
elig
ible
for r
e-el
ectio
n.
The
role
of t
he C
hief
Exe
cutiv
e O
ffice
r Th
e C
EO re
ports
dire
ctly
to th
e Bo
ard
and
is re
spon
sibl
e fo
r ach
ievi
ng A
HV’
s ob
ject
ives
an
d vi
sion
for t
he fu
ture
, in
acco
rdan
ce w
ith th
e st
rate
gies
, bud
get a
nd p
olic
ies
reco
mm
ende
d an
d ap
prov
ed b
y th
e B
oard
.
The
role
of t
he C
ompa
ny S
ecre
tary
The
Com
pany
Sec
reta
ry is
resp
onsi
ble
to th
e B
oard
thro
ugh
the
Cha
irper
son
and
is
appo
inte
d an
d di
smis
sed
by th
e Bo
ard.
The
Com
pany
Sec
reta
ry’s
dutie
s an
d au
thor
ities
ar
e de
term
ined
by
the
dire
ctor
s an
d in
clud
e al
l com
pany
sec
reta
riat r
equi
rem
ents
und
er
the
Act
and
the
cons
titut
ion.
The
Com
pany
Sec
reta
ry a
lso
prov
ides
sec
reta
riat a
nd s
uppo
rt se
rvic
es to
the
Boa
rd a
nd it
s su
b-co
mm
ittee
s, m
anag
es th
e pr
epar
atio
n of
the
AH
V A
nnua
l R
epor
t, an
d or
gani
ses
the
Ann
ual G
ener
al M
eetin
g of
the
Com
pany
.B
oard
Com
mitt
ees
- The
Boa
rd h
as e
stab
lishe
d tw
o st
andi
ng c
omm
ittee
s to
sup
port
its
delib
erat
ions
and
dec
isio
n m
akin
g; th
e G
over
nanc
e C
omm
ittee
and
the
Fina
nce
Aud
it an
d R
isk
Com
mitt
ee (F
AR
). Th
ese
com
mitt
ees
are
inde
pend
ent o
f but
acc
ount
able
to
the
Boar
d an
d co
mpr
ise
appr
opria
tely
qua
lified
Dire
ctor
s, E
xecu
tive
Dire
ctor
s an
d ex
pert
advi
sors
/atte
ndee
s as
requ
ired.
The
Boa
rd re
serv
es th
e rig
ht to
app
oint
oth
er c
omm
ittee
s fro
m ti
me
to ti
me
as d
eem
ed
nece
ssar
y. E
ach
com
mitt
ee h
as it
s ow
n Te
rms
of R
efer
ence
out
linin
g its
pur
pose
and
po
wer
s as
del
egat
ed b
y th
e B
oard
.G
over
nanc
e C
omm
ittee
- Th
e ro
le o
f the
Com
mitt
ee is
to a
ssis
t and
adv
ise
the
Boa
rd o
n m
atte
rs th
at s
eek
to m
aint
ain
high
sta
ndar
ds o
f gov
erna
nce.
The
sco
pe o
f the
Com
mitt
ee’s
role
incl
udes
, but
is n
ot li
mite
d to
, Boa
rd re
crui
tmen
t and
trai
ning
, per
form
ance
and
re
mun
erat
ion.
Fina
nce
Aud
it an
d R
isk
Com
mitt
ee -
The
role
of t
he F
AR
Com
mitt
ee is
to a
ssis
t the
Bo
ard
to m
eet i
ts re
spon
sibi
litie
s in
rela
tion
to A
HV
finan
cial
repo
rting
, com
plia
nce
with
le
gal a
nd re
gula
tory
requ
irem
ents
, int
erna
l con
trol s
truct
ures
, ris
k m
anag
emen
t sys
tem
s an
d ex
tern
al a
udit
func
tions
.
Abor
igin
al H
ousi
ng V
icto
ria ❘ A
nnua
l Rep
ort 2
017-
2018
❘ 22
Ris
k M
anag
emen
tEx
tern
al a
udit
- In
acco
rdan
ce w
ith th
e C
orpo
ratio
ns A
ct 2
001
(Act
) AH
V’s
Boar
d is
re
spon
sibl
e fo
r sel
ectin
g, a
ppoi
ntin
g an
d re
mov
ing
a qu
alifi
ed e
xter
nal a
udito
r, su
bjec
t to
the
Boar
d’s
appr
oval
at i
ts A
nnua
l Gen
eral
Mee
ting.
AH
V’s
FAR
Com
mitt
ee m
akes
re
com
men
datio
ns to
the
Boa
rd o
n th
e ef
fect
iven
ess
and
appo
intm
ent a
n ex
tern
al a
udito
r.Th
e A
udito
r is
entit
led
tp:
• at
tend
any
Gen
eral
Mee
ting;
• re
ceiv
e al
l not
ices
of a
nd o
ther
com
mun
icat
ions
rela
ting
to a
ny G
ener
al M
eetin
g w
hich
a
Mem
ber i
s en
title
d to
rece
ive,
and
• be
hea
rd a
t any
Gen
eral
Mee
ting
whi
ch th
e A
udito
r atte
nds
on a
ny p
art o
f the
bus
ines
s of
the
mee
ting
whi
ch c
once
rns
the
Aud
itor i
n th
at c
apac
ity a
nd is
ent
itled
to b
e he
ard,
de
spite
the
fact
that
the
Aud
itor r
etire
s at
that
mee
ting
or a
reso
lutio
n to
rem
ove
the
Audi
tor o
r the
age
nt fr
om o
ffice
is p
asse
d at
that
mee
ting.
Del
egat
ions
of A
utho
rity
AHV’
s Bo
ard
has
rese
rved
all
pow
ers
for i
tsel
f and
del
egat
ed a
utho
rity
to m
anag
emen
t as
out
lined
in it
s D
eleg
atio
n of
Aut
horit
y. W
here
a d
eleg
atio
n is
not
spe
cifie
d, th
e Bo
ard
reta
ins
the
auth
ority
, and
app
rova
l to
act m
ust b
e so
ught
from
the
Boa
rd.
Dire
ctor
Pro
tect
ion
AHV’
s di
rect
ors
are
expe
cted
to e
xerc
ise
cons
ider
ed a
nd in
depe
nden
t jud
gem
ent o
n th
e m
atte
rs b
efor
e th
em. T
o di
scha
rge
this
resp
onsi
bilit
y, a
dire
ctor
may
from
tim
e to
tim
e ne
ed
to s
eek
inde
pend
ent p
rofe
ssio
nal a
dvic
e. In
suc
h ci
rcum
stan
ces,
AH
V w
ill c
onsi
der t
he
paym
ent o
f rea
sona
ble
prof
essi
onal
fees
sub
ject
to th
e ap
prov
al o
f the
Boa
rd.
Dire
ctor
s an
d O
ffice
rs in
sura
nce
- As
a re
gist
ered
Vic
toria
n co
mm
unity
hou
sing
age
ncy,
AH
V’s
dire
ctor
s ar
e in
sure
d fo
r Dire
ctor
and
Offi
cers
liab
ility
unde
r the
Vic
toria
n M
anag
ed
Insu
ranc
e A
utho
rity
(VM
IA).
Cod
e of
Con
duct
The
dire
ctor
s an
d st
aff o
f AH
V a
re b
ound
by
the
AH
V C
ode
of C
ondu
ct. I
n th
is re
spec
t all
dire
ctor
s m
ust a
dher
e to
thei
r ove
rridi
ng fi
duci
ary
duty
to a
ct in
goo
d fa
ith a
nd in
the
best
in
tere
st o
f AH
V, a
s w
ell a
s th
eir l
egal
obl
igat
ions
.
Con
flict
of I
nter
est
AHV’
s di
rect
ors
have
dut
ies
unde
r the
Act
, the
gen
eral
law
and
a ra
nge
of p
erfo
rman
ce
stan
dard
s in
rela
tion
to c
onfli
ct o
f int
eres
t. Th
ey a
re b
ound
by
AHV’
s C
onfli
ct o
f Int
eres
t po
licie
s as
out
lined
in it
s G
over
nanc
e P
olic
y an
d ar
e re
quire
d to
dis
clos
e an
y ac
tual
or
pote
ntia
l con
flict
s of
inte
rest
whi
ch m
ay e
xist
or m
ight
reas
onab
ly b
e th
ough
t to
exis
t.
Dire
ctor
Rem
uner
atio
nTh
e B
oard
rece
ives
and
con
side
rs a
dvic
e on
rele
vant
mar
ket t
rend
s re
gard
ing
rem
uner
atio
n an
d in
con
junc
tion
with
the
CE
O a
nd H
uman
Res
ourc
es M
anag
er re
view
s an
d m
akes
reco
mm
enda
tions
rega
rdin
g th
e re
mun
erat
ion
fram
ewor
k of
the
dire
ctor
s, C
EO
an
d ex
ecut
ive.
Dire
ctor
s re
ceiv
e pa
ymen
t on
a da
ily a
nd h
alf d
aily
bas
is fo
r atte
ndan
ce a
t m
eetin
gs.
Stak
ehol
der I
nter
ests
and
Com
mun
icat
ion
AH
V re
spec
ts th
e rig
hts
of a
ll st
akeh
olde
rs, i
nclu
ding
tena
nts,
app
lican
ts, e
mpl
oyee
s,
dire
ctor
s an
d pa
rtner
s an
d st
rives
to fa
cilit
ate
the
effe
ctiv
e ex
erci
se o
f tho
se ri
ghts
. The
B
oard
see
ks to
ens
ure
that
all
tena
nts,
clie
nts
(incl
udin
g th
ose
on th
e w
aitin
g lis
t) an
d st
akeh
olde
rs h
ave
read
y ac
cess
to u
nder
stan
dabl
e an
d ba
lanc
ed in
form
atio
n ne
cess
ary
to
asse
ss th
e pe
rform
ance
of A
HV.
The
Boa
rd is
com
mitt
ed to
ens
urin
g th
at A
HV
act
ivel
y en
gage
s w
ith te
nant
s, c
lient
s an
d st
akeh
olde
rs a
nd is
resp
onsi
ve to
com
mun
ity n
eeds
.In
add
ition
to th
e A
nnua
l Rep
ort,
AH
V u
tilis
es p
rint a
nd e
lect
roni
c co
mm
unic
atio
n op
tions
to
pro
vide
effe
ctiv
e an
d re
gula
r com
mun
icat
ion.
Abor
igin
al H
ousi
ng V
icto
ria ❘ A
nnua
l Rep
ort 2
017-
2018
❘ 23
Abor
igin
al H
ousi
ng V
icto
ria ❘ A
nnua
l Rep
ort 2
017-
2018
❘ 24
FIN
ANC
IAL
REPO
RT
FOR
THE
YEAR
EN
DED
30
JUN
E 20
18A
borig
inal
Hou
sing
Vic
toria
Lim
ited
AB
N 3
8 00
6 21
0 54
6
Dire
ctor
s’ R
epor
tAb
orig
inal
Hou
sing
Vic
toria
Lim
ited
(‘Abo
rigin
al H
ousi
ng V
icto
ria’)
pres
ents
its
Rep
ort t
oget
her w
ith
the
finan
cial
sta
tem
ents
of t
he e
ntity
for t
he y
ear e
nded
30
June
201
8 an
d th
e In
depe
nden
t Aud
it R
epor
t the
reon
.
Com
pany
det
ails
The
follo
win
g pe
rson
s w
ere
Dire
ctor
s of
Abo
rigin
al H
ousi
ng V
icto
ria d
urin
g th
e 20
17-1
8 fin
anci
al y
ear.
Tim
Cha
tfiel
d D
irect
or a
nd C
hairp
erso
nC
hairp
erso
n A
HV,
CE
O o
f Bud
ja B
udja
Abo
rigin
al C
oope
rativ
e, C
urre
nt M
embe
r A
borig
inal
Cul
tura
l Her
itage
Cou
ncil
Vict
oria
, Mem
ber,
Fram
lingh
am A
borig
inal
Tru
st,
form
er T
umbu
kka
Cha
irper
son,
ATS
IC a
nd fo
rmer
Min
iste
rially
app
oint
ed T
askf
orce
M
embe
r, Vi
ctor
ian
Indi
geno
us F
amily
Vio
lenc
e S
trate
gy. C
urre
nt C
hairp
erso
n M
arta
ng
Pty
Ltd
and
Mem
ber S
ittin
g on
the
PAA
C.
Ian
Ham
m D
irect
or a
nd D
eput
y C
hairp
erso
nD
eput
y C
hairp
erso
n of
AH
V, C
hair
of th
e G
over
nanc
e C
omm
ittee
, Car
eer p
ublic
se
rvan
t for
Com
mon
wea
lth a
nd S
tate
gov
ernm
ents
. Cha
ir, C
onne
ctin
g H
ome,
C
hair,
Koo
ri H
erita
ge T
rust
, Firs
t Nat
ions
Fou
ndat
ion
(Cha
ir), N
atio
nal T
rust
Cha
ir,
Sw
inbu
rne
Uni
vers
ity R
econ
cilia
tion
Adv
isor
y S
teer
ing
Com
mitt
ee C
hair,
For
mer
P
resi
dent
and
Boa
rd m
embe
r Wes
tern
Reg
ion
Foot
ball
Leag
ue.
Fello
w –
Inst
itute
of
Pub
lic A
dmin
istra
tion
Aus
tralia
(Vic
), D
efen
ce R
eser
ves
Sup
port
Cou
ncil.
Mar
k Li
pson
Dire
ctor
Cha
ir of
Fin
ance
, Aud
it an
d R
isk
Com
mitt
ee. F
oren
sic
Acc
ount
ant w
ith o
ver 2
5 ye
ars
of e
xper
tise
in p
rofe
ssio
nal a
ccou
nt p
ract
ice
and
fam
ily la
w m
atte
rs, M
embe
r, In
stitu
te
of C
harte
red
Acc
ount
ants
in A
ustra
lia, M
embe
r, In
stitu
te o
f Cha
rtere
d A
ccou
ntan
ts in
A
ustra
lia P
rofe
ssio
nal C
ondu
ct T
ribun
al, M
embe
r, C
PA A
ustra
lia, M
embe
r, Fo
rens
ic
Acc
ount
ants
Spe
cial
Inte
rest
Gro
up. A
ssoc
iate
Mem
ber,
Inst
itute
of A
rbitr
ator
s an
d M
edia
tors
in A
ustra
lia, f
orm
er p
art-t
ime
ordi
nary
Mem
ber,
VC
AT in
the
lega
l pra
ctic
e lis
t. C
urre
ntly
For
ensi
cs D
irect
or, H
all C
hadw
ick.
Rob
ert L
eslie
Dire
ctor
Rob
ert L
eslie
was
app
oint
ed to
the
AH
V B
oard
as
a ca
sual
Dire
ctor
in M
arch
201
5.
Rob
ert w
as C
hief
Exe
cutiv
e O
ffice
r of Y
arra
Com
mun
ity H
ousi
ng fr
om 2
000-
2015
and
ha
s ex
tens
ive
com
mun
ity h
ousi
ng a
nd d
evel
opm
ent e
xper
ienc
e w
ithin
the
Vict
oria
n ho
usin
g se
ctor
. Chu
rchi
ll Fe
llow
, Mem
ber o
f the
Ref
ugee
Cou
ncil
of A
ustra
lia a
nd
Mem
ber o
f Oxf
am.
Bev
an M
ailm
an D
irect
orC
orpo
rate
law
yer w
ith e
xper
tise
in c
omm
erci
al tr
ansa
ctio
ns, c
orpo
rate
adv
isor
y,
corp
orat
e st
ruct
urin
g an
d bu
sine
ss d
evel
opm
ent h
avin
g he
ld p
ositi
ons
with
lead
ing
law
firm
s an
d co
mpa
nies
. Con
side
rabl
e ex
perie
nce
in th
e no
t-pro
fit/c
harit
ies
sect
or
havi
ng h
eld
seve
ral d
irect
orsh
ips.
Pre
viou
s pe
ak p
rofe
ssio
nal b
odie
s in
clud
e Th
e La
w
Cou
ncil
of A
ustra
lia a
nd th
e La
w In
stitu
te o
f Vic
toria
adv
isin
g on
num
erou
s is
sues
in
clud
ing
nativ
e tit
le, s
ente
ncin
g, c
onst
itutio
nal r
ecog
nitio
n, th
e N
orth
ern
Terri
tory
’s “N
atio
nal E
mer
genc
y R
espo
nse”
and
the
Uni
ted
Nat
ions
Dec
lara
tion
on th
e R
ight
s of
In
dige
nous
Peo
ples
. Cur
rent
ly M
anag
ing
Dire
ctor
, Mai
lman
and
Ass
ocia
tes.
Dap
hne
Yarr
am D
irect
orD
aphn
e ha
s ch
ampi
oned
the
caus
e of
the
Vict
oria
n A
borig
inal
com
mun
ity in
vol
unta
ry,
gove
rnm
ent a
nd p
rivat
e se
ctor
role
s fo
r ove
r 30
year
s. D
aphn
e w
as a
foun
datio
n m
embe
r and
ele
cted
to th
e N
atio
nal C
ongr
ess
of A
ustra
lia’s
Firs
t Peo
ples
Boa
rd fo
r th
ree
term
s an
d ha
s un
derta
ken
lead
ersh
ip a
nd g
over
nanc
e ro
les
whi
ch s
he c
urre
ntly
ho
lds
on a
num
ber o
f Boa
rds
and
com
mitt
ees,
suc
h as
, Ram
ahyu
ck D
istri
ct A
borig
inal
C
orpo
ratio
n, V
icto
rian
Abo
rigin
al C
omm
unity
Con
trolle
d H
ealth
Org
anis
atio
n, V
icto
rian
Abo
rigin
al &
Isla
nder
Edu
catio
n In
corp
orat
ion.
Dap
hne
is a
Res
pect
ed P
erso
n on
th
e K
oorie
Mag
istra
tes
Cou
rt an
d G
ipps
land
Reg
iona
l Abo
rigin
al J
ustic
e A
dvis
ory
Com
mitt
ee, a
nd th
e In
dige
nous
Fam
ily V
iole
nce
Par
tner
ship
For
um.
In 2
006,
Dap
hne
was
app
oint
ed a
s th
e se
cond
Fel
low
for t
he F
ello
wsh
ip fo
r In
dige
nous
Lea
ders
hip.
Cur
rent
ly M
anag
er, Y
oow
inna
Wur
nalu
ng H
ealin
g S
ervi
ce.
Ala
n H
errm
an D
irect
orC
urre
ntly
Fun
d M
anag
er, S
ocia
l Inf
rast
ruct
ure
Inve
stm
ents
at A
ustra
lian
Uni
ty, A
lan
brin
gs w
ith h
im e
xten
sive
exp
erie
nce
in p
rope
rty a
sset
and
inve
stm
ent m
anag
emen
t.
A fo
rmer
Dire
ctor
in th
e R
eal E
stat
e A
dvis
ory
team
at P
wC
and
a c
urre
nt m
embe
r of
Pro
perty
Cou
ncil A
ustra
lia’s
natio
nal r
ound
tabl
e on
the
“Bui
ld-to
-Ren
t” se
ctor
, Al
an h
as lo
ng b
een
a pa
ssio
nate
adv
ocat
e of
find
ing
sust
aina
ble
way
s to
sec
ure
appr
opria
te a
nd a
fford
able
hou
sing
for a
ll m
embe
rs o
f the
com
mun
ity. P
revi
ousl
y a
mem
ber o
f bot
h Pr
oper
ty C
ounc
il of
Aus
tralia
and
UD
IA’s
Vict
oria
n in
frast
ruct
ure
advi
sory
com
mitt
ees,
Ala
n jo
ined
Abo
rigin
al H
ousi
ng V
icto
ria’s
Fina
nce
and
Ris
k C
omm
ittee
as
a sp
ecia
list A
sset
Man
agem
ent A
dvis
or in
Nov
embe
r 201
5. H
e w
as
appo
inte
d to
the
AH
V B
oard
as
a C
asua
l Dire
ctor
in J
une
2018
.
Prin
cipa
l act
iviti
esTh
e pr
inci
pal a
ctiv
ity o
f the
com
pany
dur
ing
the
finan
cial
yea
r was
the
prov
isio
n of
affo
rdab
le s
ocia
l ho
usin
g to
the
Abo
rigin
al c
omm
unity
in V
icto
ria..
The
com
pany
’s sh
ort-t
erm
obj
ectiv
es a
re to
stre
ngth
en o
ur a
sset
man
agem
ent a
nd d
evel
opm
ent
prog
ram
s an
d to
con
tinuo
usly
impr
ove
the
qual
ity o
f hou
sing
ser
vice
del
iver
yTh
e co
mpa
ny’s
long
-term
obj
ectiv
e is
to g
row
the
supp
ly o
f affo
rdab
le h
ousi
ng to
mee
t the
sig
nific
ant
unm
et d
eman
d fo
r soc
ial a
nd a
fford
able
hou
sing
in th
e A
borig
inal
com
mun
ity.
Abor
igin
al H
ousi
ng V
icto
ria ❘ A
nnua
l Rep
ort 2
017-
2018
❘ 25
Dire
ctor
’s m
eetin
gD
urin
g th
e fi n
anci
al y
ear,
nine
boa
rd m
eetin
gs w
ere
held
as
wel
l as
mee
tings
for s
ever
al b
oard
co
mm
ittee
s an
d su
b-co
mm
ittee
s. B
oard
mem
bers
sit
on th
e Fi
nanc
e A
udit
and
Ris
k C
omm
ittee
(FA
R)
and
the
Gov
erna
nce
Com
mitt
ee (G
ov).
The
mee
tings
that
eac
h di
rect
or w
as e
ligib
le to
atte
nd d
urin
g th
e ye
ar w
ere:
Boa
rdFA
RG
ovTo
tal
Tota
l pla
nned
910
423
Tim
Cha
tfi el
d9
104
23
Abi
gail
Bur
chill
*1
-1
2
Ian
Ham
m9
-4
13
Mar
k Li
pson
910
-19
Rob
ert L
eslie
910
-19
Bev
an M
ailm
an^
66
-12
Dap
hne
Yarr
am~
6-
28
Ala
n H
errm
an+
23
-5
Mee
na S
ingh
>2
--
2
The
mee
tings
that
eac
h di
rect
or a
ctua
lly a
ttend
ed d
urin
g th
e ye
ar w
ere:
Boa
rdFA
RG
ovTo
tal
Tim
Cha
tfi el
d9
104
23
Abi
gail
Bur
chill
*1
-1
2
Ian
Ham
m7
-4
11
Mar
k Li
pson
68
-14
Rob
ert L
eslie
99
-18
Bev
an M
ailm
an^
66
-12
Dap
hne
Yarr
am~
4-
26
Ala
n H
errm
an+
23
-5
Mee
na S
ingh
>0
--
0
* R
esig
ned
– 27
Jul
y 20
17
^ A
ppoi
nted
– 2
6 O
ctob
er 2
017
~ A
ppoi
nted
– 2
6 O
ctob
er 2
017
+ A
ppoi
nted
– 2
6 A
pril
2018
> A
ppoi
nted
– 2
7 Ju
ly 2
017
to a
cas
ual v
acan
cy: d
id n
ot re
-nom
inat
e at
AG
M
Con
trib
utio
n in
win
ding
up
The
com
pany
is in
corp
orat
ed u
nder
the
Cor
pora
tions
Act
200
1 an
d is
a c
ompa
ny li
mite
d by
gu
aran
tee.
If th
e co
mpa
ny is
wou
nd u
p, th
e co
nstit
utio
n st
ates
that
eac
h m
embe
r is
requ
ired
to
cont
ribut
e a
max
imum
of $
50 e
ach
tow
ards
mee
ting
any
outs
tand
ing
oblig
atio
ns o
f the
com
pany
. A
t 30
Jun
e 20
18, t
he to
tal a
mou
nt th
at m
embe
rs o
f the
com
pany
are
liab
le to
con
tribu
te if
the
com
pany
is
wou
nd u
p is
$35
0 (2
017:
$25
0).
Aud
itor’s
Inde
pend
ence
Dec
lara
tion
The
audi
tor’s
inde
pend
ence
dec
lara
tion
for t
he y
ear e
nded
30
June
201
8 ha
s be
en re
ceiv
ed a
nd c
an
be fo
und
on p
age
26 o
f the
fi na
ncia
l rep
ort.
Sig
ned
in a
ccor
danc
e w
ith a
reso
lutio
n of
the
Boa
rd o
f Dire
ctor
s.
Dire
ctor
Tim
Cha
tfi el
d
Dat
ed 0
3 O
ctob
er 2
018
Abor
igin
al H
ousi
ng V
icto
ria ❘ A
nnua
l Rep
ort 2
017-
2018
❘ 26
ST
ATEM
ENT
OF
PRO
FIT
OR
LO
SS A
ND
OTH
ER C
OM
PREH
ENSI
VE IN
CO
ME
FO
R T
HE
YEA
R E
ND
ED 3
0 JU
NE
2018
Not
e20
1820
17$
$
Rev
enue
Ren
tal r
even
ue2
15,1
50,1
0114
,699
,198
Oth
er re
venu
e2
93,8
94,9
5821
0,26
1,17
5To
tal r
even
ue10
9,04
5,05
922
4,96
0,37
3
Expe
nses
Dep
reci
atio
n an
d am
ortis
atio
n ex
pens
es2,
093,
806
1,06
9,64
3Em
ploy
ee b
enefi
t exp
ense
s4,
447,
041
4,25
3,26
2H
ousi
ng p
rogr
am e
xpen
ses
7,57
5,07
87,
459,
198
Adm
inis
tratio
n ex
pens
es1,
815,
023
1,80
4,16
5O
ther
exp
ense
s29
,411
186,
745
Tota
l exp
ense
s15
,960
,359
14,7
73,0
13
Surp
lus
befo
re in
com
e ta
x93
,084
,700
210,
187,
360
Inco
me
tax
expe
nse
1h-
-Su
rplu
s fo
r the
yea
r3
93,0
84,7
0021
0,18
7,36
0
Oth
er c
ompr
ehen
sive
inco
me
Item
s th
at w
ill n
ot b
e re
clas
sifie
d to
pro
fit o
r los
s:N
et g
ain/
(loss
) on
reva
luat
ion
of n
on-c
urre
nt a
sset
s(8
46,6
33)
-Ite
ms
that
will
be
recl
assi
fied
subs
eque
ntly
to p
rofit
or
loss
whe
n sp
ecifi
c co
nditi
ons
are
met
:Fa
ir va
lue
gain
s on
ava
ilabl
e-fo
r-sal
e fin
anci
al a
sset
s, n
et
of ta
x-
-
Tota
l oth
er c
ompr
ehen
sive
inco
me
for t
he y
ear
(846
,633
)-
Tota
l com
preh
ensi
ve in
com
e fo
r the
yea
r92
,238
,067
210,
187,
360
The
acco
mpa
nyin
g no
tes
form
par
t of t
hese
fina
ncia
l sta
tem
ents
.
Abor
igin
al H
ousi
ng V
icto
ria ❘ A
nnua
l Rep
ort 2
017-
2018
❘ 27
STAT
EMEN
T O
F FI
NA
NC
IAL
POSI
TIO
N A
S AT
30
JUN
E 20
18
Not
e20
1820
17$
$A
SSET
SC
urre
nt a
sset
s C
ash
and
cash
equ
ival
ents
45,
223,
816
3,26
2,98
5Te
rm d
epos
its4
9,62
7,18
59,
504,
567
Trad
e an
d ot
her r
ecei
vabl
es5
760,
027
554,
115
Oth
er c
urre
nt a
sset
s6
2,04
5,21
62,
646,
925
Tota
l cur
rent
ass
ets
17,6
56,2
4415
,968
,592
Non
-cur
rent
ass
ets
Offi
ce p
rope
rty7
2,48
1,70
62,
490,
149
Ren
tal p
rope
rty7
321,
948,
279
232,
180,
564
Offi
ce fu
rnitu
re a
nd e
quip
men
t7
257,
741
350,
437
Tota
l non
-cur
rent
ass
ets
324,
687,
726
235,
021,
150
Tota
l ass
ets
342,
343,
970
250,
989,
742
LIA
BIL
ITIE
SC
urre
nt li
abili
ties
Trad
e an
d ot
her p
ayab
les
82,
308,
500
3,40
0,25
6S
hort-
term
pro
visi
ons
942
5,14
131
5,97
1D
efer
red
gran
t inc
ome
1095
2,98
085
3,14
8To
tal c
urre
nt li
abili
ties
3,68
6,62
14,
569,
375
Non
-cur
rent
liab
ilitie
s Lo
ng-te
rm p
rovi
sion
s9
32,3
9533
,480
Tota
l non
-cur
rent
liab
ilitie
s 32
,395
33,4
80
Tota
l lia
bilit
ies
3,71
9,01
64,
602,
855
Net
ass
ets
338,
624,
954
246,
386,
887
EQU
ITY
Ret
aine
d ea
rnin
gs33
0,59
6,34
023
7,51
1,64
0R
eser
ves
168,
028,
614
8,87
5,24
7To
tal e
quity
338,
624,
954
246,
386,
887
The
acco
mpa
nyin
g no
tes
form
par
t of t
hese
fina
ncia
l sta
tem
ents
.
STAT
EMEN
T O
F C
HA
NG
ES IN
EQ
UIT
Y FO
R T
HE
YEA
R E
ND
ED 3
0 JU
NE
2018
Ret
aine
d ea
rnin
gsR
eval
uatio
n su
rplu
sTo
tal
$$
$B
alan
ce a
t 1 J
uly
2016
27,3
24,2
808,
875,
247
36,1
99,5
27S
urpl
us a
ttrib
utab
le to
the
com
pany
210,
187,
360
-21
0,18
7,36
0B
alan
ce a
t 30
June
201
723
7,51
1,64
08,
875,
247
246,
386,
887
Sur
plus
attr
ibut
able
to th
e co
mpa
ny93
,084
,700
(846
,633
)92
,238
,067
Bal
ance
at 3
0 Ju
ne 2
018
330,
596,
340
8,02
8,61
433
8,62
4,95
4
STAT
EMEN
T O
F C
ASH
FLO
WS
FOR
TH
E YE
AR
EN
DED
30
JUN
E 20
18
Not
e20
1820
17$
$C
ash
flow
from
ope
ratin
g ac
tiviti
esR
enta
ls re
ceiv
ed15
,005
,740
14,5
24,3
49G
rant
s re
ceiv
ed61
3,69
34,
693,
337
Oth
er re
ceip
ts81
,362
81,5
44P
aym
ents
to s
uppl
iers
and
em
ploy
ees
(15,
441,
760)
(12,
291,
778)
Inte
rest
rece
ived
225,
461
207,
824
Net
cas
h ge
nera
ted
from
ope
ratin
g ac
tiviti
es15
b48
4,49
67,
215,
276
Cas
h flo
w fr
om in
vest
ing
activ
ities
Pro
ceed
s fro
m s
ale
of p
rope
rty, p
lant
and
equ
ipm
ent
2,86
8,94
511
4,58
4P
aym
ents
into
term
dep
osits
(122
,618
)(1
,616
,095
)P
aym
ent f
or p
rope
rty, p
lant
and
equ
ipm
ent
(1,2
69,9
92)
(5,2
45,4
37)
Net
cas
h us
ed in
inve
stin
g ac
tiviti
es1,
476,
335
(6,7
46,9
48)
Cas
h flo
w fr
om fi
nanc
ing
activ
ities
Net
cas
h us
ed in
fina
ncin
g ac
tiviti
es-
-
Net
incr
ease
in c
ash
held
1,96
0,83
146
8,32
8C
ash
and
cash
equ
ival
ents
at b
egin
ning
of t
he fi
nanc
ial
year
3,26
2,98
52,
794,
657
Cas
h an
d ca
sh e
quiv
alen
ts a
t the
end
of t
he fi
nanc
ial
year
15a
5,22
3,81
63,
262,
985
Abor
igin
al H
ousi
ng V
icto
ria ❘ A
nnua
l Rep
ort 2
017-
2018
❘ 28
NO
TES
TO T
HE
FIN
AN
CIA
L ST
ATEM
ENTS
FO
R T
HE
YEA
R E
ND
ED 3
0 JU
NE
2018
The
finan
cial
sta
tem
ents
are
for A
borig
inal
Hou
sing
Vic
toria
Lim
ited
as a
n in
divi
dual
ent
ity,
inco
rpor
ated
and
dom
icile
d in
Aus
tralia
. Abo
rigin
al H
ousi
ng V
icto
ria L
imite
d is
a c
ompa
ny li
mite
d by
gu
aran
tee.
Not
e 1.
Sum
mar
y of
sig
nific
ant a
ccou
ntin
g po
licie
s
Bas
is o
f pre
para
tion
The
finan
cial
sta
tem
ents
are
gen
eral
pur
pose
fina
ncia
l sta
tem
ents
that
hav
e be
en p
repa
red
in
acco
rdan
ce w
ith A
ustra
lian
Acc
ount
ing
Sta
ndar
ds (i
nclu
ding
Aus
tralia
n A
ccou
ntin
g In
terp
reta
tions
) an
d th
e re
quire
men
ts o
f the
Aus
tralia
n C
harit
ies
and
Not
for P
rofit
s C
omm
issi
on A
ct 2
012.
Th
e co
mpa
ny is
a n
ot-fo
r-pro
fit e
ntity
for fi
nanc
ial r
epor
ting
purp
oses
und
er A
ustra
lian
Acco
untin
g S
tand
ards
.A
ustra
lian
Acc
ount
ing
Sta
ndar
ds s
et o
ut a
ccou
ntin
g po
licie
s th
at th
e A
AS
B h
as c
oncl
uded
wou
ld
resu
lt in
fina
ncia
l sta
tem
ents
con
tain
ing
rele
vant
and
relia
ble
info
rmat
ion
abou
t tra
nsac
tions
, eve
nts
and
cond
ition
s. M
ater
ial a
ccou
ntin
g po
licie
s ad
opte
d in
the
prep
arat
ion
of th
ese
finan
cial
sta
tem
ents
ar
e pr
esen
ted
belo
w a
nd h
ave
been
con
sist
ently
app
lied
unle
ss o
ther
wis
e st
ated
.Th
e fin
anci
al s
tate
men
ts h
ave
been
pre
pare
d on
an
accr
uals
bas
is a
nd a
re b
ased
on
hist
oric
al c
osts
, m
odifi
ed, w
here
app
licab
le, b
y th
e m
easu
rem
ent a
t fai
r val
ue o
f sel
ecte
d no
n-cu
rrent
ass
ets,
fina
ncia
l as
sets
and
fina
ncia
l lia
bilit
ies.
The
finan
cial
sta
tem
ents
wer
e au
thor
ised
for i
ssue
on
25 O
ctob
er 2
018
by th
e di
rect
ors
of th
e co
mpa
ny.
Acc
ount
ing
polic
ies
a.
Rev
enue
G
rant
reve
nue
is re
cogn
ised
in th
e st
atem
ent o
f com
preh
ensi
ve in
com
e w
hen
the
com
pany
ob
tain
s co
ntro
l of t
he g
rant
and
it is
pro
babl
e th
at th
e ec
onom
ic b
enefi
ts g
aine
d fro
m th
e gr
ant
will
flow
to th
e co
mpa
ny a
nd th
e am
ount
of t
he g
rant
can
be
mea
sure
d re
liabl
y. If
cond
ition
s ar
e at
tach
ed to
the
gran
t whi
ch m
ust b
e sa
tisfie
d be
fore
it is
elig
ible
to re
ceiv
e th
e co
ntrib
utio
n, th
e re
cogn
ition
of t
he g
rant
as
reve
nue
will
be d
efer
red
until
thos
e co
nditi
ons
are
satis
fied.
A
borig
inal
Hou
sing
Vic
toria
Lim
ited
rece
ives
reci
proc
al a
nd n
on-r
ecip
roca
l con
tribu
tions
of a
sset
s fro
m th
e go
vern
men
t and
oth
er p
artie
s fo
r zer
o or
a n
omin
al v
alue
. Dep
endi
ng o
n th
e na
ture
of
the
cont
ribut
ion
rece
ived
, the
se a
sset
s m
ay b
e re
cogn
ised
at f
air v
alue
on
the
date
of a
cqui
sitio
n in
the
stat
emen
t of fi
nanc
ial p
ositi
on, w
ith a
cor
resp
ondi
ng a
mou
nt o
f inc
ome
reco
gnis
ed in
the
stat
emen
t of c
ompr
ehen
sive
inco
me.
Don
atio
ns a
nd b
eque
sts
are
reco
gnis
ed a
s re
venu
e w
hen
rece
ived
.
Inte
rest
reve
nue
is re
cogn
ised
whe
n it
beco
mes
rece
ivab
le o
n a
prop
ortio
nal b
asis
taki
ng in
to
acco
unt t
he in
tere
st ra
tes
appl
icab
le to
the
finan
cial
ass
et.
R
ent r
even
ue is
reco
gnis
ed w
hen
the
right
to re
ceiv
e th
e re
venu
e ha
s be
en e
stab
lishe
d.
R
even
ue fr
om th
e re
nder
ing
of a
ser
vice
is re
cogn
ised
upo
n th
e de
liver
y of
the
serv
ice
to
the
cust
omer
s. O
ther
reve
nue
is re
cogn
ised
whe
n th
e rig
ht to
rece
ive
the
reve
nue
has
been
es
tabl
ishe
d
All
reve
nue
is s
tate
d ne
t of t
he a
mou
nt o
f goo
ds a
nd s
ervi
ces
tax
(GS
T).
b.
Pro
perty
, pla
nt a
nd e
quip
men
t
Eac
h cl
ass
of p
rope
rty, p
lant
and
equ
ipm
ent i
s ca
rrie
d at
cos
t or f
air v
alue
s as
indi
cate
d, le
ss,
whe
re a
pplic
able
, acc
umul
ated
dep
reci
atio
n an
d im
pairm
ent l
osse
s.
O
ffice
pro
perty
Fr
eeho
ld o
ffice
pro
perti
es a
re s
how
n at
fair
valu
e ba
sed
on p
erio
dic,
but
at l
east
trie
nnia
l, va
luat
ions
by
exte
rnal
inde
pend
ent v
alue
rs, l
ess
subs
eque
nt d
epre
ciat
ion
for b
uild
ings
.
Incr
ease
s in
the
carry
ing
amou
nt a
risin
g on
reva
luat
ion
of o
ffice
pro
perti
es a
re re
cogn
ised
in
othe
r com
preh
ensi
ve in
com
e an
d ac
cum
ulat
ed in
the
reva
luat
ion
surp
lus
in e
quity
. Rev
alua
tion
decr
ease
s th
at o
ffset
pre
viou
s in
crea
ses
of th
e sa
me
clas
s of
ass
ets
are
reco
gnis
ed in
oth
er
com
preh
ensi
ve in
com
e un
der t
he h
eadi
ng o
f rev
alua
tion
surp
lus.
All
othe
r dec
reas
es a
re c
harg
ed
to th
e st
atem
ent o
f com
preh
ensi
ve in
com
e.
Fr
eeho
ld o
ffice
pro
perti
es th
at h
ave
been
con
tribu
ted
at n
o co
st o
r for
nom
inal
cos
t (if
any)
are
va
lued
and
reco
gnis
ed a
t the
fair
valu
e of
the
asse
t at t
he d
ate
it is
acq
uire
d.
R
enta
l pro
perty
Fr
eeho
ld re
ntal
pro
perty
is m
easu
red
on th
e co
st b
asis
less
dep
reci
atio
n an
d im
pairm
ent l
osse
s.
Fr
eeho
ld re
ntal
pro
perti
es th
at h
ave
been
con
tribu
ted
by n
on-g
over
nmen
t ent
ities
at n
o co
st, o
r fo
r nom
inal
cos
t are
val
ued
and
reco
gnis
ed a
t the
fair
valu
e of
the
asse
t at t
he d
ate
it is
acq
uire
d.
Free
hold
rent
al p
rope
rties
that
hav
e be
en c
ontri
bute
d by
gov
ernm
ent a
genc
ies
at n
o co
st, o
r for
no
min
al c
ost a
re ta
ken
at th
e Va
luer
-Gen
eral
cer
tified
boo
k va
lue
at th
e tim
e of
tran
sfer
.
O
ffice
furn
iture
and
equ
ipm
ent
O
ffice
furn
iture
and
equ
ipm
ent i
s m
easu
red
on th
e co
st b
asis
less
dep
reci
atio
n an
d im
pairm
ent
loss
es.
D
epre
ciat
ion
Th
e de
prec
iabl
e am
ount
of fi
xed
asse
ts in
clud
ing
build
ings
and
cap
italis
ed le
ase
asse
ts, b
ut
excl
udin
g fre
ehol
d la
nd, i
s de
prec
iate
d on
a s
traig
ht li
ne b
asis
ove
r the
ass
et’s
usef
ul li
fe to
the
com
pany
com
men
cing
from
the
time
the
asse
t is
held
read
y fo
r use
. Lea
seho
ld im
prov
emen
ts a
re
depr
ecia
ted
over
the
shor
ter o
f eith
er th
e un
expi
red
perio
d of
the
leas
e or
the
estim
ated
use
ful
lives
of t
he im
prov
emen
ts.
Th
e de
prec
iatio
n ra
tes
used
for e
ach
clas
s of
dep
reci
able
ass
ets
are:
Abor
igin
al H
ousi
ng V
icto
ria ❘ A
nnua
l Rep
ort 2
017-
2018
❘ 29
NO
TES
TO T
HE
FIN
AN
CIA
L ST
ATEM
ENTS
FO
R T
HE
YEA
R E
ND
ED 3
0 JU
NE
2018
Cla
ss o
f fixe
d as
set
Dep
reci
atio
n R
ate
O
ffice
bui
ldin
gs
1.5%
R
enta
l bui
ldin
gs
1.5%
O
ffice
furn
iture
and
equ
ipm
ent
7.5
– 33
.3%
R
enta
l bui
ldin
g fix
ture
s 10
%
The
asse
ts’ r
esid
ual v
alue
s an
d us
eful
live
s ar
e re
view
ed, a
nd a
djus
ted
if ap
prop
riate
, at t
he e
nd
of e
ach
repo
rting
per
iod.
Ass
et c
lass
es c
arry
ing
amou
nt is
writ
ten
dow
n im
med
iate
ly to
its
reco
vera
ble
amou
nt if
the
asse
t’s c
arry
ing
amou
nt is
gre
ater
than
its
estim
ated
reco
vera
ble
amou
nt.
G
ains
and
loss
es o
n di
spos
als
are
dete
rmin
ed b
y co
mpa
ring
proc
eeds
with
the
carr
ying
am
ount
. Th
ese
gain
s or
loss
es a
re in
clud
ed in
the
stat
emen
t of c
ompr
ehen
sive
inco
me.
Whe
n re
valu
ed
asse
ts a
re s
old,
am
ount
s in
clud
ed in
the
reva
luat
ion
rese
rve
rela
ting
to th
at a
sset
are
tran
sfer
red
to re
tain
ed e
arni
ngs.
c.
Leas
es
Leas
es o
f fixe
d as
sets
, whe
re s
ubst
antia
lly a
ll th
e ris
ks a
nd b
enefi
ts in
cide
ntal
to th
e ow
ners
hip
of th
e as
set,
but n
ot th
e le
gal o
wne
rshi
p, a
re tr
ansf
erre
d to
the
com
pany
are
cla
ssifi
ed a
s fin
ance
le
ases
.
Fina
nce
leas
es a
re c
apita
lised
, rec
ordi
ng a
n as
set a
nd a
liab
ility
equ
al to
the
pres
ent v
alue
of t
he
min
imum
leas
e pa
ymen
ts, i
nclu
ding
any
gua
rant
eed
resi
dual
val
ues.
Le
ased
ass
ets
are
depr
ecia
ted
on a
stra
ight
-line
bas
is o
ver t
heir
estim
ated
use
ful l
ives
whe
re it
is
likel
y th
at th
e co
mpa
ny w
ill o
btai
n ow
ners
hip
of th
e as
set.
Leas
e pa
ymen
ts a
re a
lloca
ted
betw
een
the
redu
ctio
n of
the
leas
e lia
bilit
y an
d th
e le
ase
inte
rest
exp
ense
for t
he p
erio
d.
Leas
e pa
ymen
ts fo
r ope
ratin
g le
ases
, whe
re s
ubst
antia
lly a
ll th
e ris
ks a
nd b
enefi
ts re
mai
n w
ith
the
less
or, a
re c
harg
ed a
s ex
pens
es o
n a
stra
ight
-line
bas
is o
ver t
he le
ase
term
.
Leas
e in
cent
ives
(if a
ny) u
nder
ope
ratin
g le
ases
are
reco
gnis
ed a
s a
liabi
lity
and
amor
tised
on
a st
raig
ht-li
ne b
asis
ove
r the
life
of t
he le
ase
term
.
d.
Impa
irmen
t of a
sset
s
The
com
pany
revi
ews
the
carr
ying
val
ues
of it
s ta
ngib
le a
nd in
tang
ible
ass
ets
to d
eter
min
e w
heth
er th
ere
is a
ny in
dica
tion
that
thos
e as
sets
hav
e be
en im
paire
d. If
suc
h an
indi
catio
n ex
ists
, th
e re
cove
rabl
e am
ount
of t
he a
sset
, bei
ng th
e hi
gher
of t
he a
sset
’s fa
ir va
lue
less
cos
ts to
sel
l an
d va
lue
in u
se, i
s co
mpa
red
to th
e as
set’s
car
ryin
g va
lue.
Any
exc
ess
of th
e as
set’s
car
ryin
g va
lue
over
its
reco
vera
ble
amou
nt is
exp
ense
d to
the
stat
emen
t of c
ompr
ehen
sive
inco
me.
Whe
re th
e fu
ture
eco
nom
ic b
enefi
ts o
f the
ass
et a
re n
ot p
rimar
ily d
epen
dent
upo
n th
e as
set’s
ab
ility
to g
ener
ate
net c
ash
inflo
ws
and
whe
n th
e co
mpa
ny w
ould
, if d
epriv
ed o
f the
ass
et, r
epla
ce
its re
mai
ning
futu
re e
cono
mic
ben
efits
, val
ue in
use
is d
eter
min
ed a
s th
e de
prec
iate
d re
plac
emen
t co
st o
f an
asse
t.
Whe
re it
is n
ot p
ossi
ble
to e
stim
ate
the
reco
vera
ble
amou
nt o
f an
asse
t’s c
lass
, the
com
pany
es
timat
es th
e re
cove
rabl
e am
ount
of t
he c
ash-
gene
ratin
g un
it to
whi
ch th
e cl
ass
of a
sset
s be
long
.
Whe
re a
n im
pairm
ent l
oss
on a
reva
lued
ass
et is
iden
tified
, thi
s is
deb
ited
agai
nst t
he re
valu
atio
n su
rplu
s in
resp
ect o
f the
sam
e cl
ass
of a
sset
to th
e ex
tent
that
the
impa
irmen
t los
s do
es n
ot
exce
ed th
e am
ount
in th
e re
valu
atio
n su
rplu
s fo
r tha
t sam
e cl
ass
of a
sset
.
e.
Empl
oyee
ben
efits
Pr
ovis
ion
is m
ade
for t
he c
ompa
ny’s
liabi
lity
for e
mpl
oyee
ben
efits
aris
ing
from
ser
vice
s re
nder
ed
by e
mpl
oyee
s to
the
end
of th
e re
porti
ng p
erio
d. E
mpl
oyee
ben
efits
that
are
exp
ecte
d to
be
settl
ed w
ithin
one
yea
r hav
e be
en m
easu
red
at th
e am
ount
s ex
pect
ed to
be
paid
whe
n th
e lia
bilit
y is
set
tled.
Em
ploy
ee b
enefi
ts p
ayab
le la
ter t
han
one
year
hav
e be
en m
easu
red
at th
e pr
esen
t va
lue
of th
e es
timat
ed fu
ture
cas
h ou
tflow
s to
be
mad
e fo
r tho
se b
enefi
ts. I
n de
term
inin
g th
e lia
bilit
y, c
onsi
dera
tion
is g
iven
to e
mpl
oyee
wag
e in
crea
ses
and
the
prob
abili
ty th
at th
e em
ploy
ee
may
not
sat
isfy
ves
ting
requ
irem
ents
. Tho
se c
ash
outfl
ows
are
disc
ount
ed u
sing
mar
ket y
ield
s on
na
tiona
l gov
ernm
ent b
onds
with
term
s to
mat
urity
that
mat
ch th
e ex
pect
ed ti
min
g of
cas
h flo
ws.
C
ontri
butio
ns a
re m
ade
by th
e co
mpa
ny to
an
empl
oyee
sup
eran
nuat
ion
fund
and
are
cha
rged
as
expe
nses
whe
n in
curr
ed.
f. C
ash
and
cash
equ
ival
ents
C
ash
and
cash
equ
ival
ents
incl
ude
cash
on
hand
, dep
osits
hel
d at
-cal
l with
ban
ks, d
epos
its h
eld
by tr
ust,
othe
r sho
rt-te
rm h
ighl
y liq
uid
inve
stm
ents
with
orig
inal
mat
uriti
es o
f thr
ee m
onth
s or
less
, an
d ba
nk o
verd
rafts
. Ban
k ov
erdr
afts
(if a
ny) a
re s
how
n w
ithin
sho
rt-te
rm b
orro
win
gs in
cur
rent
lia
bilit
ies
on th
e st
atem
ent o
f fina
ncia
l pos
ition
.
g.
Goo
ds a
nd s
ervi
ces
tax
(GS
T)
Rev
enue
s, e
xpen
ses
and
asse
ts a
re re
cogn
ised
net
of t
he a
mou
nt o
f GS
T, e
xcep
t whe
re
the
amou
nt o
f GST
incu
rred
is n
ot re
cove
rabl
e fro
m th
e Au
stra
lian
Taxa
tion
Offi
ce. I
n th
ese
circ
umst
ance
s th
e G
ST
is re
cogn
ised
as
part
of th
e co
st o
f acq
uisi
tion
of th
e as
set o
r as
part
of
an it
em o
f exp
ense
. Rec
eiva
bles
and
pay
able
s in
the
stat
emen
t of fi
nanc
ial p
ositi
on a
re s
how
n in
clus
ive
of G
ST.
h.
Inco
me
tax
A
borig
inal
Hou
sing
Vic
toria
Lim
ited
is a
n in
com
e ta
x ex
empt
cha
ritab
le e
ntity
und
er s
ubdi
visi
on
50-B
of t
he In
com
e Ta
x As
sess
men
t Act
199
7. A
HV
is a
lso
endo
rsed
by
the
Aus
tralia
n Ta
xatio
n O
ffice
as
a D
educ
tible
Gift
Rec
ipie
nt u
nder
sub
divi
sion
30-
BA o
f the
afo
rem
entio
ned
Act.
i.
Pro
visi
ons
P
rovi
sion
s ar
e re
cogn
ised
whe
n th
e co
mpa
ny h
as a
lega
l or c
onst
ruct
ive
oblig
atio
n, a
s a
resu
lt of
pas
t eve
nts,
for w
hich
it is
pro
babl
e th
at a
n ou
tflow
of e
cono
mic
ben
efits
will
resu
lt an
d th
at
outfl
ow c
an b
e re
liabl
y m
easu
red.
Pro
visi
ons
reco
gnis
ed re
pres
ent t
he b
est e
stim
ate
of th
e am
ount
s re
quire
d to
set
tle th
e ob
ligat
ion
at th
e en
d of
the
repo
rting
per
iod.
j.
Com
para
tive
figur
es
Whe
re re
quire
d by
Acc
ount
ing
Stan
dard
s co
mpa
rativ
e fig
ures
hav
e be
en a
djus
ted
to c
onfo
rm to
ch
ange
s in
pre
sent
atio
n fo
r the
cur
rent
fina
ncia
l yea
r.
k.
Trad
e an
d ot
her p
ayab
les
Tr
ade
and
othe
r pay
able
s re
pres
ent t
he li
abili
ty o
utst
andi
ng a
t the
end
of t
he re
porti
ng p
erio
d fo
r go
ods
and
serv
ices
rece
ived
by
the
com
pany
dur
ing
the
repo
rting
per
iod
whi
ch re
mai
n un
paid
. Th
e ba
lanc
e is
reco
gnis
ed a
s a
curr
ent l
iabi
lity
with
the
amou
nts
norm
ally
pai
d w
ithin
30
days
of
reco
gniti
on o
f the
liab
ility
.
Abor
igin
al H
ousi
ng V
icto
ria ❘ A
nnua
l Rep
ort 2
017-
2018
❘ 30
NO
TES
TO T
HE
FIN
AN
CIA
L ST
ATEM
ENTS
FO
R T
HE
YEA
R E
ND
ED 3
0 JU
NE
2018
2018
2017
Not
e 2.
Rev
enue
$$
Ren
tal r
even
ueO
pera
ting
activ
ities
R
enta
l rev
enue
15,1
50,1
0114
,699
,198
Oth
er re
venu
e
Inte
rest
inco
me
220,
746
211,
023
Pr
ofit/(
loss
) on
sale
of p
rope
rty, p
lant
and
equ
ipm
ent
454,
530
(43,
449)
R
even
ue fr
om c
ontri
bute
d re
ntal
pro
perty
ass
ets
93,1
38,3
2020
6,37
7,05
6
Oth
er re
venu
e81
,362
3,71
6,54
5To
tal o
ther
reve
nue
93,8
94,9
5821
0,26
1,17
5
Not
e 3.
Sur
plus
for t
he y
ear
Expe
nses
Dep
reci
atio
n an
d am
ortis
atio
n
Offi
ce b
uild
ings
8,44
38,
444
R
enta
l bui
ldin
gs1,
991,
576
961,
827
O
ffice
furn
iture
and
equ
ipm
ent
93,7
8799
,372
Tota
l dep
reci
atio
n an
d am
ortis
atio
n2,
093,
806
1,06
9,64
3Im
pairm
ents
to re
ntal
pro
perti
es h
eld-
for-
sale
-83
,913
Bad
and
dou
btfu
l deb
ts e
xpen
se17
3,97
311
4,04
3R
enta
l exp
ense
on
oper
atin
g le
ases
Hou
sing
Pro
vide
r Fra
mew
ork
-37
8,66
9
Offi
ce e
quip
men
t and
mot
or v
ehic
les
154,
313
180,
952
Aud
itor r
emun
erat
ion
A
udit
serv
ices
25,0
0025
,000
(O
ver)
/Und
er p
rovi
sion
of a
udit
fees
in re
spec
t
of p
rior y
ear
3,99
9(8
,334
)
O
ther
ser
vice
s –
FBT
Com
plia
nce
7,96
02,
700
Tota
l aud
itor r
emun
erat
ion
36,9
5919
,366
2018
2017
Not
e 4.
Cas
h an
d ca
sh e
quiv
alen
ts$
$
Cas
h at
ban
k an
d in
han
d5,
223,
816
3,26
2,98
5S
hort-
term
term
dep
osits
9,62
7,18
59,
504,
567
Tota
l cas
h an
d ca
sh e
quiv
alen
ts14
,851
,001
12,7
67,5
52
Not
e 5.
Tra
de a
nd o
ther
rece
ivab
les
Ren
tal r
ecei
vabl
es61
3,53
266
2,26
8P
rovi
sion
for i
mpa
irmen
t(3
61,5
32)
(425
,366
)25
2,00
023
6,90
2O
ther
rece
ivab
les
508,
027
317,
213
Tota
l cur
rent
trad
e an
d ot
her r
ecei
vabl
es76
0,02
755
4,11
5
Not
e 6.
Oth
er c
urre
nt a
sset
s
Pre
paym
ents
251,
806
235,
679
Acc
rued
inco
me
19,1
5523
,871
Ass
ets
unde
r con
stru
ctio
n48
1,37
623
7,96
0H
eld-
for-
sale
rent
al p
rope
rties
1,29
2,87
92,
149,
415
Tota
l oth
er c
urre
nt a
sset
s2,
045,
216
2,64
6,92
5
Abor
igin
al H
ousi
ng V
icto
ria ❘ A
nnua
l Rep
ort 2
017-
2018
❘ 31
NO
TES
TO T
HE
FIN
AN
CIA
L ST
ATEM
ENTS
FO
R T
HE
YEA
R E
ND
ED 3
0 JU
NE
2018
2018
2017
Not
e 2.
Rev
enue
$$
Ren
tal r
even
ueO
pera
ting
activ
ities
R
enta
l rev
enue
15,1
50,1
0114
,699
,198
Oth
er re
venu
e
Inte
rest
inco
me
220,
746
211,
023
Pr
ofit/(
loss
) on
sale
of p
rope
rty, p
lant
and
equ
ipm
ent
454,
530
(43,
449)
R
even
ue fr
om c
ontri
bute
d re
ntal
pro
perty
ass
ets
93,1
38,3
2020
6,37
7,05
6
Oth
er re
venu
e81
,362
3,71
6,54
5To
tal o
ther
reve
nue
93,8
94,9
5821
0,26
1,17
5
Not
e 3.
Sur
plus
for t
he y
ear
Expe
nses
Dep
reci
atio
n an
d am
ortis
atio
n
Offi
ce b
uild
ings
8,44
38,
444
R
enta
l bui
ldin
gs1,
991,
576
961,
827
O
ffice
furn
iture
and
equ
ipm
ent
93,7
8799
,372
Tota
l dep
reci
atio
n an
d am
ortis
atio
n2,
093,
806
1,06
9,64
3Im
pairm
ents
to re
ntal
pro
perti
es h
eld-
for-
sale
-83
,913
Bad
and
dou
btfu
l deb
ts e
xpen
se17
3,97
311
4,04
3R
enta
l exp
ense
on
oper
atin
g le
ases
Hou
sing
Pro
vide
r Fra
mew
ork
-37
8,66
9
Offi
ce e
quip
men
t and
mot
or v
ehic
les
154,
313
180,
952
Aud
itor r
emun
erat
ion
A
udit
serv
ices
25,0
0025
,000
(O
ver)
/Und
er p
rovi
sion
of a
udit
fees
in re
spec
t
of p
rior y
ear
3,99
9(8
,334
)
O
ther
ser
vice
s –
FBT
Com
plia
nce
7,96
02,
700
Tota
l aud
itor r
emun
erat
ion
36,9
5919
,366
2018
2017
Not
e 4.
Cas
h an
d ca
sh e
quiv
alen
ts$
$
Cas
h at
ban
k an
d in
han
d5,
223,
816
3,26
2,98
5S
hort-
term
term
dep
osits
9,62
7,18
59,
504,
567
Tota
l cas
h an
d ca
sh e
quiv
alen
ts14
,851
,001
12,7
67,5
52
Not
e 5.
Tra
de a
nd o
ther
rece
ivab
les
Ren
tal r
ecei
vabl
es61
3,53
266
2,26
8P
rovi
sion
for i
mpa
irmen
t(3
61,5
32)
(425
,366
)25
2,00
023
6,90
2O
ther
rece
ivab
les
508,
027
317,
213
Tota
l cur
rent
trad
e an
d ot
her r
ecei
vabl
es76
0,02
755
4,11
5
Not
e 6.
Oth
er c
urre
nt a
sset
s
Pre
paym
ents
251,
806
235,
679
Acc
rued
inco
me
19,1
5523
,871
Ass
ets
unde
r con
stru
ctio
n48
1,37
623
7,96
0H
eld-
for-
sale
rent
al p
rope
rties
1,29
2,87
92,
149,
415
Tota
l oth
er c
urre
nt a
sset
s2,
045,
216
2,64
6,92
5
NO
TES
TO T
HE
FIN
AN
CIA
L ST
ATEM
ENTS
FO
R T
HE
YEA
R E
ND
ED 3
0 JU
NE
2018
2018
2017
Not
e 7.
Pro
pert
y, p
lant
and
equ
ipm
ent
$$
Offi
ce p
rope
rty
Free
hold
land
at f
air v
alue
I
ndep
ende
nt v
alua
tion
at 3
0 A
pril
2016
2,
130,
000
2,13
0,00
0B
uild
ings
at f
air v
alue
In
depe
nden
t val
uatio
n at
30
Apr
il 20
1637
0,00
037
0,00
0
Less
acc
umul
ated
dep
reci
atio
n(1
8,29
4)(9
,851
)
Tota
l bui
ldin
gs35
1,70
636
0,14
9To
tal o
ffice
pro
pert
y2,
481,
706
2,49
0,14
9
Ren
tal p
rope
rty
Free
hold
land
A
t fai
r val
ue
194,
523,
564
159,
575,
381
Bui
ldin
gs
At f
air v
alue
130,
511,
059
73,7
30,6
94
Less
acc
umul
ated
dep
reci
atio
n(3
,086
,344
)(1
,125
,511
)To
tal b
uild
ings
127,
424,
715
72,6
05,1
83To
tal r
enta
l pro
pert
y32
1,94
8,27
923
2,18
0,56
4
Offi
ce fu
rnitu
re a
nd e
quip
men
t O
ffice
furn
iture
and
equ
ipm
ent
A
t cos
t 81
8,47
281
9,74
4
Less
acc
umul
ated
dep
reci
atio
n(5
60,7
31)
(469
,307
)To
tal o
ffice
furn
iture
and
equ
ipm
ent
257,
741
350,
437
Tota
l pro
pert
y, p
lant
and
equ
ipm
ent
324,
687,
726
235,
021,
150
Mov
emen
ts in
car
ryin
g am
ount
sM
ovem
ent i
n th
e ca
rryi
ng a
mou
nts
for e
ach
clas
s of
pro
perty
, pla
nt a
nd e
quip
men
t bet
wee
n th
e be
ginn
ing
and
the
end
of th
e cu
rrent
fina
ncia
l yea
r:
Offi
ce
prop
erty
Ren
tal
prop
erty
Offi
ce
furn
iture
and
eq
uipm
ent
Tota
l$
$$
$20
17C
arry
ing
amou
nt a
t 1 J
uly
2016
2,
498,
592
24,
228,
855
4
29,6
38 2
7,15
7,08
5A
dditi
ons
at c
ost
-21
1,39
6,62
720
,171
211,
416,
798
Dis
posa
ls-
(2,4
83,0
90)
-(2
,483
,090
)D
epre
ciat
ion
expe
nse*
(8,4
43)
(961
,828
)(9
9,37
2)(1
,069
,643
)R
eval
uatio
n-
--
-C
arry
ing
amou
nt a
t 30
June
20
172,
490,
149
232,
180,
564
350,
437
235,
021,
150
2018
Car
ryin
g am
ount
at 1
Jul
y 20
17
2,49
0,14
9 2
32,1
80,5
64
350
,437
235
,021
,150
Add
ition
s at
cos
t -
94,1
63,8
041,
091
94,1
64,8
95D
ispo
sals
-(2
,404
,513
)-
(2,4
04,5
13)
Dep
reci
atio
n ex
pens
e*(8
,443
)(1
,991
,576
)(9
3,78
7)(2
,093
,806
)R
eval
uatio
n-
--
-C
arry
ing
amou
nt a
t 30
June
20
182,
481,
706
321,
948,
279
257,
741
324,
687,
726
* In
clud
es th
e de
prec
iatio
n on
dis
posa
l ass
ets
Ass
et re
valu
atio
ns
The
offic
e pr
oper
ty w
as in
depe
nden
tly v
alue
d at
30
April
201
6 by
WBP
Pro
perty
Gro
up. T
he v
alua
tion
was
bas
ed o
n th
e fa
ir va
lue.
The
val
uatio
n re
sulte
d in
a re
valu
atio
n in
crem
ent o
f $37
3,72
8 be
ing
reco
gnis
ed in
the
reva
luat
ion
surp
lus
for t
he y
ear e
nded
30
June
201
6.
The
rent
al p
rope
rties
wer
e in
depe
nden
tly v
alue
d at
30
June
201
5 by
WB
P P
rope
rty G
roup
. The
va
luat
ion
was
bas
ed o
n th
e fa
ir va
lue.
The
val
uatio
n re
sulte
d in
a re
valu
atio
n in
crem
ent o
f $6,
726,
588
bein
g re
cogn
ised
in th
e re
valu
atio
n su
rplu
s fo
r the
yea
r end
ed 3
0 Ju
ne 2
015.
Inte
rest
s on
pro
pert
ies
Abor
igin
al A
ffairs
Vic
toria
hol
ds a
mor
tgag
e of
$71
0,00
0 se
cure
d on
the
offic
e pr
oper
ty a
t Sco
tchm
er
Stre
et, N
orth
Fitz
roy.
Rep
aym
ent o
f the
mor
tgag
e ca
n on
ly b
e de
man
ded
upon
the
sale
of t
he
prop
erty
or i
n th
e ev
ent o
f the
win
ding
up
of A
borig
inal
Hou
sing
Vic
toria
Lim
ited.
The
Dire
ctor
of H
ousi
ng h
as a
regi
ster
ed in
tere
st in
the
title
of t
he re
ntal
pro
perti
es th
at a
re
cont
ribut
ed b
y th
e D
irect
or o
f Hou
sing
(DO
H) o
r acq
uire
d by
util
isin
g D
OH
gra
nt fu
nds.
Abo
rigin
al
Hou
sing
Vic
toria
Lim
ited
cann
ot d
ispo
se o
f, us
e as
sec
urity
for b
orro
win
gs, o
r oth
erw
ise
trans
act
usin
g th
ese
rent
al p
rope
rties
with
out t
he p
rior c
onse
nt o
f the
Dire
ctor
of H
ousi
ng.
Abor
igin
al H
ousi
ng V
icto
ria ❘ A
nnua
l Rep
ort 2
017-
2018
❘ 32
NO
TES
TO T
HE
FIN
AN
CIA
L ST
ATEM
ENTS
FO
R T
HE
YEA
R E
ND
ED 3
0 JU
NE
2018
2018
2017
Not
e 8.
Tra
de a
nd o
ther
pay
able
s$
$
Trad
e pa
yabl
es66
5,52
682
9,13
8R
enta
l pay
men
ts in
adv
ance
827,
068
824,
663
Oth
er c
urre
nt p
ayab
les
785,
595
1,71
9,18
8Em
ploy
ee b
enefi
ts30
,311
27,2
67To
tal t
rade
and
oth
er p
ayab
les
2,30
8,50
03,
400,
256
Not
e 9.
Pro
visi
ons
Ana
lysi
s of
tota
l pro
visi
ons
Cur
rent
425,
141
315,
971
Non
-cur
rent
32,3
9533
,480
Tota
l pro
visi
ons
457,
536
349,
451
Prov
isio
n fo
r lon
g-te
rm e
mpl
oyee
ben
efits
A
prov
isio
n ha
s be
en re
cogn
ised
for e
mpl
oyee
ent
itlem
ents
rela
ting
to lo
ng s
ervi
ce le
ave.
In
calc
ulat
ing
the
pres
ent v
alue
of f
utur
e ca
sh fl
ows
in re
spec
t of l
ong
serv
ice
leav
e, th
e pr
obab
ility
of
long
ser
vice
leav
e be
ing
take
n is
bas
ed o
n hi
stor
ical
dat
a. T
he m
easu
rem
ent a
nd re
cogn
ition
crit
eria
re
latin
g to
em
ploy
ee b
enefi
ts h
ave
been
incl
uded
in N
ote
1 to
this
repo
rt.
Not
e 10
. D
efer
red
gran
t inc
ome
2018
2017
$$
Cap
ital g
rant
fund
ing
273,
647
300,
000
Ope
ratio
nal g
rant
fund
ing
679,
333
553,
148
Tota
l def
erre
d gr
ant i
ncom
e
9
52,9
8085
3,14
8
2018
2017
Not
e 11
. C
apita
l and
leas
ing
com
mitm
ents
$$
Ope
ratin
g le
ase
com
mitm
ents
Non
-can
cella
ble
oper
atin
g le
ases
con
tract
ed fo
r but
not
cap
italis
ed
in th
e fin
anci
al s
tate
men
ts.
Min
imum
leas
e pa
ymen
ts fo
r offi
ce, m
otor
veh
icle
s an
d of
fice
equi
pmen
t pay
able
:
w
ithin
one
yea
r21
0,22
928
3,63
8
betw
een
one
and
five
year
s 86
,026
132,
195
af
ter fi
ve y
ears
--
296,
255
415,
833
The
offic
e le
ase
com
mitm
ents
are
non
-can
cella
ble
oper
atin
g le
ases
con
tract
ed u
p to
two
year
s.
The
mot
or v
ehic
le le
ase
com
mitm
ents
are
non
-can
cella
ble
oper
atin
g le
ases
con
tract
ed u
p to
thre
e ye
ars.
The
offi
ce e
quip
men
t lea
se c
omm
itmen
ts a
re n
on-c
ance
llabl
e op
erat
ing
leas
es c
ontra
cted
for
a fiv
e ye
ar te
rm. N
o ca
pita
l com
mitm
ents
exi
st in
rega
rds
to th
e le
ase
com
mitm
ents
at t
he 3
0 Ju
ne
2018
.
Not
e 12
. Ev
ents
afte
r the
repo
rtin
g pe
riod
Ther
e w
ere
no s
igni
fican
t eve
nts
afte
r the
repo
rting
dat
e w
hich
requ
ires
disc
losu
re in
the
finan
cial
st
atem
ents
at 3
0 Ju
ne 2
018.
Not
e 13
. C
ontin
gent
liab
ilitie
s an
d as
sets
At t
he re
porti
ng d
ate,
ther
e w
ere
no c
ontin
gent
liab
ilitie
s.
2018
2017
$$
Not
e 14
. R
elat
ed p
arty
tran
sact
ions
The
Entit
y’s re
late
d pa
rties
incl
ude
its k
ey m
anag
emen
t per
sonn
el a
s de
scrib
ed o
n no
te 1
4.1
belo
w.
Unl
ess
othe
rwis
e st
ated
, non
e of
the
trans
actio
ns in
corp
orat
e sp
ecia
l ter
ms
and
cond
ition
s an
d no
gu
aran
tees
wer
e gi
ven
or re
ceiv
ed. O
utst
andi
ng b
alan
ces
are
usua
lly s
ettle
d in
cas
h.
Not
e 14
.1 T
rans
actio
ns w
ith k
ey m
anag
emen
t per
sonn
elK
ey m
anag
emen
t of t
he E
ntity
are
the
non-
exec
utiv
e m
embe
rs o
f the
Abo
rigin
al H
ousi
ng V
icto
ria
Boa
rd. K
ey P
erso
nnel
rem
uner
atio
n in
clud
es th
e fo
llow
ing
expe
nses
:
Sh
ort t
erm
em
ploy
ee b
enefi
ts81
,809
88,0
77
Long
term
em
ploy
ee b
enefi
ts-
-81
,809
88,0
77
Abor
igin
al H
ousi
ng V
icto
ria ❘ A
nnua
l Rep
ort 2
017-
2018
❘ 33
NO
TES
TO T
HE
FIN
AN
CIA
L ST
ATEM
ENTS
FO
R T
HE
YEA
R E
ND
ED 3
0 JU
NE
2018
201
8
2017
Not
e 15
. C
ash
fl ow
info
rmat
ion
$$
a.
Rec
onci
liatio
n of
cas
h
Cas
h at
ban
k an
d in
han
d5,
223,
816
3,26
2,98
5
b.
Rec
onci
liatio
n of
sur
plus
afte
r inc
ome
tax
to c
ash
fl ow
from
ope
ratin
g ac
tiviti
es
Sur
plus
afte
r inc
ome
tax
93,0
84,7
0021
0,18
7,36
0
Non
cas
h fl o
ws
Dep
reci
atio
n an
d am
ortis
atio
n2,
093,
807
1,06
9,64
3
Im
pairm
ent o
f pro
perty
, pla
nt a
nd e
quip
men
t-
175,
641
Con
tribu
ted
asse
ts
(93,
138,
320)
(206
,377
,056
)
(P
rofi t
)/Los
s on
sal
e of
Pro
perty
, pla
nt a
nd e
quip
men
t(4
54,5
30)
43,4
49
Cha
nges
in a
sset
s an
d lia
bilit
ies
(Incr
ease
) / D
ecre
ase
in re
ceiv
able
s(2
05,9
12)
(1
68,5
71)
(Incr
ease
) / D
ecre
ase
in p
repa
ymen
ts
and
accr
ued
inco
me
(11,
410)
202,
640
Incr
ease
/ (D
ecre
ase)
in p
ayab
les
(1
,091
,756
)1,
616,
401
Incr
ease
/ (D
ecre
ase)
in d
efer
red
prov
isio
ns10
8,08
5(4
1,35
0)
In
crea
se /
(Dec
reas
e) in
gra
nts
carr
ied
forw
ard
99,8
3250
7,11
9
Cas
h fl o
w fr
om o
pera
ting
activ
ities
484,
496
7,21
5,27
6
Not
e 16
. R
eser
ves
The
reva
luat
ion
surp
lus
reco
rds
the
reva
luat
ion
of th
e of
fi ce
prop
erty.
At 3
0 Ap
ril 2
016
the
offi c
e pr
oper
ty w
as re
valu
ed to
its
fair
valu
e of
$2,
500,
000
givi
ng ri
se to
a re
valu
atio
n in
crem
ent o
f $3
73,7
28.
The
reva
luat
ion
surp
lus
reco
rds
the
reva
luat
ion
of th
e re
ntal
pro
perty
. At 3
0 Ju
ne 2
015
the
rent
al
prop
ertie
s w
ere
reva
lued
to it
s fa
ir va
lue
of $
22,9
22,5
00 g
ivin
g ris
e to
a re
valu
atio
n in
crem
ent o
f $6
,726
,588
. Thi
s al
ong
with
prio
r yea
r rev
alua
tions
and
the
curr
ent y
ear a
djus
tmen
ts h
as re
sulte
d in
th
e cu
rren
t rev
alua
tion
surp
lus
of $
8,02
8,61
4.
Not
e 17
. C
ompa
ny d
etai
ls
The
regi
ster
ed o
ffi ce
and
prin
cipa
l pla
ce o
f bus
ines
s of
the
com
pany
is:
A
borig
inal
Hou
sing
Vic
toria
Lim
ited
12
5-12
7 S
cotc
hmer
Stre
et
Nor
th F
itzro
y V
IC 3
068
DIR
ECTO
R’S
DEC
LAR
ATIO
N
1.
The
fi nan
cial
sta
tem
ents
and
not
es, a
s se
t out
on
page
s 26
to 3
3, a
re in
acc
orda
nce
with
th
e Au
stra
lian
Cha
ritie
s an
d N
ot fo
r Pro
fi ts
Com
mis
sion
Act
201
2, in
clud
ing:
a.
Giv
ing
a tru
e an
d fa
ir vi
ew o
f its
fi na
ncia
l pos
ition
as
at 3
0 Ju
ne 2
018
and
of it
s pe
rform
ance
for t
he fi
nanc
ial y
ear e
nded
on
that
dat
e; a
nd
b.
Com
plyi
ng w
ith A
ustra
lian
Acc
ount
ing
Sta
ndar
ds (i
nclu
ding
the
Aus
tralia
n A
ccou
ntin
g In
terp
reta
tions
) and
the
Aust
ralia
n C
harit
ies
and
Not
for P
rofi t
s C
omm
issi
on
Reg
ulat
ion
2013
; and
2.
Ther
e ar
e re
ason
able
gro
unds
to b
elie
ve th
at A
borig
inal
Hou
sing
Vic
toria
Lim
ited
will
be
able
to p
ay it
s de
bts
as a
nd w
hen
they
bec
ome
due
and
paya
ble.
Sig
ned
in a
ccor
danc
e w
ith s
ubse
ctio
n 60
.15(
2) o
f the
Aus
tralia
n C
harit
ies
and
Not
-for-p
rofi t
C
omm
issi
on R
egul
atio
n 20
13.
Ti
m C
hatfi
eld
(Dire
ctor
)
Dat
ed 0
3 O
ctob
er 2
018
Abor
igin
al H
ousi
ng V
icto
ria ❘ A
nnua
l Rep
ort 2
017-
2018
❘ 34
OUR SUPPORTERSAFL SportsReadyBakers Delight, Clifton Hill & BundooraChemist Warehouse – PrestonCity of DarebinCity of Whittlesea City of YarraCollingwood Children’s FarmCurves FitnessJohn SandsKmart – Barkly Square & ReservoirManagement AdvantageMerri Creek Primary SchoolNational Australia BankOfficeworks – Preston
QuakersShare The DignityThe Walt Disney CompanyToy NetworxWoolworths – Fitzroy & Barkly Square Aborigines Advancement LeagueVAHS North Fitzroy community members The University of MelbourneVACCHOAON InsuranceBargoonga Nganjin North Fitzroy LibraryClifton Hill PharmacyColes – Barkly Square
Convent BakeryHolden Street Neighbourhood HouseKawada Pty LtdLushMelbourne MuseumModular Wine RacksNorth Fitzroy Primary SchoolPiedimonte’s SupermarketRTR ProductionsSNAICCToot Toot ToysVictorian Government3KNDYouthworxFunfields
“We’re very proud and very honoured to be able to set up an organisation
such as Aboriginal Housing Victoria with a lot of other people over many years, to be
able to be a service provider for our Aboriginal community members.”
Tim Chatfield, Current AHV Chairperson
“Aboriginal Housing Victoria can provide a platform for the Aboriginal community to move forward. I think there’s a real opportunity to work with our tenants and empower them. One of our great aspirations is that we can actually support and assist tenants to move into home ownership.”Darren Smith, Current AHV CEO
Aboriginal Housing Victoria
Narrandjeri House125-127 Scotchmer Street
North Fitzroy VIC 3068
T | (03) 9403 2100 F | (03) 9403 2122 E | [email protected]
More information including our tenancy policies and procedures can be found on our website www.ahvic.org.au