health education australia limited and victorian medical ... · care and education’ at harvard...

Health Education Australia Limited and

Victorian Medical Postgraduate Foundation Inc

Contents HEAL 2012/13 Annual Report About HEAL ............................................................................................................................................. 1

Chairman's Report ................................................................................................................................... 2

Chief Executive Officer's Report .............................................................................................................. 3

Directors' Report ...................................................................................................................................... 5

2012/13 HEAL Highlights ........................................................................................................................ 8

International Graduate Program .............................................................................................................. 9

International Medical Graduate (IMG) Courses....................................................................................... 9

Multiple Choice Question (MCQ) Bridging Course ........................................................................... 10

Clinical Bridging Course ................................................................................................................... 11

Clinical Bridging Course (Fast-Track) .............................................................................................. 11

Clinical Bridging Course (FEE-HELP) .............................................................................................. 11

Clinical Trial Exams .......................................................................................................................... 11

AMC Trial Examination ..................................................................................................................... 12

PESCI Workshop.............................................................................................................................. 12

Work Ready Course ......................................................................................................................... 13

Tutor and Examiner Workshop ......................................................................................................... 13

International Physiotherapy Graduate Course ...................................................................................... 13

Simulated Patient Program.................................................................................................................... 16

Country Education Program .................................................................................................................. 18 Other Programs ..................................................................................................................................... 20

Medical Careers Expo 2013 .................................................................................................................. 20

Social Media .......................................................................................................................................... 20

Electroconvulsive Therapy (ECT) Training Program ............................................................................. 21

Publications ........................................................................................................................................... 21

Conferences .......................................................................................................................................... 22

Secretariat ............................................................................................................................................. 23

Executive, Staff and Memberships ........................................................................................................ 24

Directors ................................................................................................................................................ 24

HEAL Staff ............................................................................................................................................. 24

Sponsors................................................................................................................................................ 26

HEAL Representatives on Other Bodies ............................................................................................... 26

Organisation Details .............................................................................................................................. 26

Auditors' Independence Declaration.......................................................................................................27 HEAL Financial Report ...........................................................................................................................28 HEAL Educational Purposes Fund Financial Report .............................................................................41 VMPF 2012/13 Annual Report Executive Report .................................................................................................................................... 51 VMPF Executive Committee Members .................................................................................................. 51 VMPF Financial Report .......................................................................................................................... 52

Annual Report 2012/13

Health Education Australia Limited

This page is left blank intentionally.

Health Education Australia Limited (HEAL), was formed as a wholly owned subsidiary company of the Victorian Medical Postgraduate Foundation Inc. (VMPF) on 17 February 2010 to manage multidisciplinary and national operations. Implementation of a new strategic plan during 2012 recognised that a move to HEAL would better reflect the scope of our services that have gone beyond medical or postgraduate education.

On 14 November 2012, the members of VMPF resolved to accept the recommendation of the Executive Committee of Management of VMPF to support its resolution to transfer all operations, financial management and its assets to HEAL. HEAL effectively took over operations on 1 January 2013.

As HEAL we deliver educational opportunities with a multi disciplinary focus to a range of professionals in the healthcare industry. HEAL reflects an expansion of our services beyond Victoria to become nationwide. We remain a not-for-profit organisation and the move to HEAL supports our much broader focus on the healthcare profession as a whole and better reflects our vision.

Today, HEAL combines its history and experience with a focus on multidisciplinary services to offer quality bridging courses for international graduates, country education for all health professionals, a simulated patients program and a range of custom-designed workshops developed through collaborations across disciplines and sectors.

About HEAL

Health Education Australia Ltd 2012/13 Annual Report 1

In June this year I attended a course on ‘leading innovation in health care and education’ at Harvard University. Ideas from about one hundred very experienced participants with backgrounds in business thinking, operational healthcare and health education fed into a melting pot of new perspectives illustrated by many inspiring examples of what can be accomplished by those who focus their efforts in solving problems. My ‘take home’ messages from the course were two.

Firstly, the tight nexus between innovation in health care and the education required to implement new innovations is growing ever stronger. Innovation in education itself sometimes precipitates fundamental changes in operational healthcare.

Secondly, both healthcare education and health system design must maximise the potential for all healthcare workers to perform at their

level of training. In addition, they must be able to add to their competencies over time so that they are doing the jobs our society needs them to do. Currently some drivers within our system encourage health workers to function below their level of training, not only squandering the investment made in their education but also stifling the capacity for these individuals to meaningfully contribute to innovation in healthcare.

Under Beverley Sutton’s leadership as CEO, HEAL is now well placed to deliver on both these messages in the broader Australian context, building on the foundations that the VMPF established in Victoria over many decades. Beverley and her capable team have worked tirelessly to apply fundamental educational principles to our educational programs so that every client can have confidence in the content, quality and delivery of our varied and expanding courses.

I am most appreciative of the ongoing voluntary efforts of our Board of Directors. I would like to thank Deborah Colville, Ruth Sutherland, Gillian Web and especially Johannes Wenzel who have all recently resigned as a Directors of VMPF for their years of service. I would also like to welcome the following new members at the time of writing: Margaret Bearman, Robert Sadler, Natalie McDonald and Hung Nguyen. All three extend our expertise and capability so that HEAL can realise its vision to ‘lead education, training and support of health professionals’.

Associate Professor Harvey Newnham Chairman

Chairman's Report

2 Health Education Australia Ltd 2012/13 Annual Report

What an amazing year! We are now officially Health Education Australia Limited (HEAL). This is an exciting transition from the Victorian Medical Postgraduate Foundation (VMPF) which has been synonymous with quality medical education for almost 100 years.

HEAL is now a national organisation and the ‘V’ in VMPF is no longer reflective of our scope. And it’s not just a geographical expansion we’ve undertaken; our reach is now broader than just ‘medical’ and ‘postgraduate’ education. As HEAL, we deliver educational opportunities with a multidisciplinary focus to a range of professionals in the healthcare industry.

The move to HEAL gave us an opportunity to revisit Board governance and our constitution. We have welcomed new members to the Board of

Directors and put into operation a constitution that will support a much broader focus on the healthcare profession as a whole with a vision: to lead education, training and support of health professionals. We remain a not-for-profit organisation and the move to HEAL is, we feel, a logical one. To accommodate the new name we have implemented a multitude of changes, including a new organisational structure. I am grateful to the Board of Directors and the staff for embracing this journey.

HEAL has adopted a range of programs that reflect our core business. The HEAL branding and new website, www.heal.org.au, is designed to showcase programs as well as provide a fully automated application system that allows students to access course information, to apply and to pay online. It is also a portal to our social media applications and our Learning Management System (LMS).

The LMS was developed to support our International Medical Graduate (IMG) programs. It has over 100 knowledge based learning modules that are centred on an IMG curriculum, written specifically to support the learning required for IMGs to prepare for registration in Australia.

We have also built on the existing IMG programs and put into operation a ‘vertical integration model’ that now assists IMGs to register in Australia, apply for positions and prepare for life as an Australian medical practitioner with competency based programs. So that we have the best tutors to achieve our programs, we now provide tutor and examiner workshops, free of charge, to our 100+ tutors.

The HEAL Country Education Program (CEP) is going from strength to strength with this year adding two new sites to the list of rural and regional locations. We provide over 200 education sessions per year in 28 locations. We thank the Department of Health for their continued financial support of this initiative.

Our exciting new program is our Simulated Patient (SP) Program. SPs play an important role in health professional education to develop students’ communication and diagnostic skills – particularly in exams. Up until now, there has been no easy way to find, recruit and train them. With our dedicated SP program, healthcare educators can source and engage with trained SPs whenever they need to.

To complement our vision, we have also applied for Registered Training Organisation (RTO) registration and accreditation of our SP training course. We welcome the opportunity to progress this in 2013/14 year.

Chief Executive Officer's Report


I remain indebted to our Chairman, Associate Professor Harvey Newnham, our Board of Directors and staff who have provided enduring support through a year of immense change and transition from VMPF to HEAL. I am also enormously grateful to our tutors in all of our programs, who engage with our students with such passion and of course, our students. Without them, we could all sleep in!

We look forward to the coming year to progress and consolidate our suite of programs and to source future opportunities with renewed energy.

Beverley Sutton Chief Executive Officer


The Directors are pleased to announce that the organisation posted a combined HEAL and VMPF net profit of $264,044 for the financial year ended 30 June 2013. This reflects a transfer of operations from VMPF to HEAL from 1 January 2013 with a gradual transfer of accounts throughout the 2012/13 financial year. The net result of this transfer was a net profit for VMPF of $463,414 and a net loss for HEAL of $199,370.

The Directors present their report on the organisation for the financial year ended 30 June 2013.

Our vision Our vision — to lead education, training and support of health professionals — adopts a multi faceted approach.

This approach mirrors the focus of Australian healthcare, which is increasingly being met by multidisciplinary teams who use a selection of appropriate technologies to manage the complex needs of patients.

At HEAL, we’ve adopted the sort of educational principles, structure and course content that reflect the needs of today. The core attributes that underpin HEAL’s collaborative approach to service delivery and to its work are: Dedication, Depth and Engagement.

Principle Activities - Our Programs At HEAL, we provide a range of programs for students, professionals and healthcare organisations. Some of these are aimed at helping international graduates secure a job in the Australian healthcare industry. Others — like our simulated patient program and our country education program — are intended to assist in the delivery of quality health education across all health professions.

International Graduate Program

Our International Graduate Programs offer a range of courses designed to give students the best chance of passing exams needed for Australian registration (such as the Australian Physiotherapy Council exam or the Australian Medical Council multiple choice question or clinical exam). Additional courses prepare international health professionals to enter the workforce; assisting with interview skills as well as competency and procedural training for the first day on the job.

Directors' Report


Country Education Program

HEAL provides an accredited country education program to health professionals based in country regions of Victoria and NSW. Through a series of face-to-face seminars in 28 country locations, participants can discuss actual cases with other professionals and learn from experts in selected topic areas.

Simulated Patient (SP) Program

Simulated patients (SPs) play an important role in healthcare education, helping students to hone their diagnostic and communications skills. The HEAL SP program is under development to:

• recruit SPs

• train SPs

• provide access to a network of SPs for educational programs.

Other Programs

HEAL values strategic alliances and collaborations with many universities and educational organisations nationally. HEAL is committed to ongoing innovation, research and development in response to the specific needs of students, health professionals and establishments around Australia. This often takes the form of customised programs or workshops, both in metro locations and regional areas.

Short Term Objectives The organisation’s short term objectives are to provide national opportunities for healthcare professionals by:

• identifying relevant education and training programs for healthcare professionals

• developing relevant education and training programs for healthcare professionals

• implementing relevant education and training programs for healthcare professionals

• maintaining an income stream to support HEAL programs.

Long Term Objectives The organisation’s long term objective is to be an established educational organisation that provides continuing education to healthcare professionals nationally.

Strategy for Achieving Objectives In order to achieve these objectives, the organisation will:

• promote the organisation to healthcare professionals through organisational marketing, participation in relevant conferences and forums and through the active development of strategic alliances

• provide quality courses to healthcare professionals.


Performance Measures The following performance measures are used within the organisation to monitor performance:

• Course registrations

• Course feedback and evaluations

• Conference registrations

Directors' Benefits No director has received or become entitled to receive, during or since the financial year, a benefit because of a contract made by the organisation, controlled entity or a related body corporate with a director, a firm of which a director is a member, or an entity in which a director has a substantial financial interest. This statement excludes a benefit included in the aggregate amount of emoluments received or due and receivable by directors shown in the organisation’s accounts, or the fixed salary of a full-time employee of the organisation, controlled entity or related body corporate.

Meetings of Directors The number of official meetings of the organisation’s directors held during the financial year and the attendance of directors at those meetings were:

Directors Number eligible to attend

Number attended

Harvey Harrison NEWNHAM 5 5

John Walter Gell TILLER 5 4

Deborah Jan COLVILLE 1 0

Robert Francis Westland MOULDS 5 3

Hung The NGUYEN 1 0

Moghamad Cassim SCHRUEDER 5 4

Bernard SWEET 5 3

Johannes WENZEL 5 2

Auditor’s Independence Declaration A copy of the auditor’s independence declaration as required under section 307C of the Corporations Act 2001 is included in this report.

Member’s Guarantee The organisation is limited by guarantee. If the organisation is wound up, the constitution states that each member is required to contribute a maximum of $10 towards meeting any outstanding obligations of the organisation. At 30 June 2013, the number of members was one (Victorian Medical Postgraduate Foundation Inc).


2012/13 HEAL Highlights

International Graduate Program:

• Developed and implemented International Medical Graduate (IMG) curriculum

• Developed and implemented a Learning Management System (LMS)

• Developed and implemented a ‘vertical integration model’ for IMGs to include increased course offerings:

o Pre Employment Structured Clinical Interview (PESCI) workshop o Work Ready course o NSW clinical course

Country Education Program:

• Internal restructuring of the country education program

Simulated Patient Program:

• Established a national and international steering committee

• Developed a Level 1 training course

• Ran simulated patient inaugural (pilot) training course

• Commenced RTO accreditation process

Organisational Structure:

• Reviewed and implemented a new organisational staffing structure

• Rebranded the organisation to reflect expanded national scope

• Developed and implemented new HEAL website

• Commenced a social media strategy

Signed this 21st day of October 2013 in accordance with a resolution of the Board of Directors.

A/Prof. H. Newnham - Chairman

Prof. J.W.G. Tiller – Deputy Chairman


International Medical Graduate (IMG) Courses HEAL, as VMPF, has conducted bridging programs for more than 25 years. Over this time, HEAL has adapted these programs to best meet the needs of IMGs preparing for their Australian Medical Council (AMC) examinations.

In the 2012/13 financial year, HEAL introduced two significant advancements in its bridging courses for IMGs:

• a new curriculum

• an online learning management system.

New Curriculum

The new curriculum, the only one of its kind in Australia, was based on the AMC structure of systems and subsystems, with consideration for the important clinical tasks of:

• data gathering;

• data interpretation and synthesis; and

• management (of conditions).

With this structure as a basis, information was drawn from Therapeutic Guidelines and in consideration of the Australian Curriculum Framework for Junior Doctors to develop a comprehensive list of not only medical topics, but also important ethical, legal and socio-economic issues falling within the AMC system areas.

These topics form the structure of courses and guide the sessions delivered by HEAL tutors, using the online learning management system to inform the content delivered.

Online Learning Management System

To support the new curriculum, HEAL invested in the development of an online learning management system. This resource provides over one hundred modules of various topics which fit within the AMC Systems and Subsystems as described in the AMC Handbooks.

As the AMC examinations are pitched at the level of final year medical students, HEAL invited final year Australian students from The University of Melbourne, Monash University and Deakin University to author the content for the modules, according to HEAL guidelines. The response was overwhelming with 154 final year students providing modules, which were reviewed by the HEAL Medical Advisor before being published online.

International Graduate Program


The tutors and IMGs in all courses now have access to this resource to support their teaching and learning. The HEAL learning management system will be expanded in the next financial year.

These two advances in the program delivery for IMGs, together with quality tutors, place HEAL as a leader in courses for IMGs aiming to be registered and work in the Australian health system.

Vertical Integration Model HEAL has adopted a vertical integration model with a focus on supporting IMGs from their initial attempt at registration, through their efforts to gain employment in the Australian healthcare system and ongoing support once employed.

The well-established MCQ and clinical bridging courses, along with the trial exams, support IMGs in the early stage of gaining registration. In the 2012/13 financial year, HEAL added a Pre-Employment Structured Clinical Interview (PESCI) workshop and a Work Ready course to provide support through the employment-seeking stage. Once employment is gained, HEAL continues its relationship with IMGs through its long-standing Country Education Program.

Multiple Choice Question (MCQ) Bridging Course The HEAL MCQ Bridging Course continues to offer quality sessions designed to prepare IMGs to sit the AMC MCQ exam. The course focuses on not just reinforcing the principles of medicine and their application for good medical practice, but familiarising students with the structure of questions and how to approach their responses in order to correctly apply their medical knowledge.

Courses currently run for six weeks in Melbourne only, however due to significant interest from Sydney-based IMGs, HEAL is examining the opportunity to run an MCQ course in Sydney in 2014.


Clinical Bridging Courses Whilst the MCQ exam is designed to test the knowledge of the doctors, the clinical examination aims to test their performance by requiring them to ‘show how’ they apply their knowledge.

Two types of bridging course are offered to support doctors preparing to sit the AMC clinical examination; Clinical Bridging Fast-Track and Clinical Bridging FEE-HELP.

These courses cover similar topics to the MCQ course, however they are structured to focus on providing participants with the opportunity to participate in many role-playing scenarios. These scenarios allow them to show how they would respond to a situation with a patient, just as is required in the AMC examination. Tutors work on developing communication skills when dealing with patients in the Australian health environment.

Clinical Bridging Course (Fast-Track) The Fast-Track course has traditionally been delivered in Melbourne over 12 weeks. In February 2013, HEAL commenced its first Clinical Bridging Course in Sydney. This course was initially offered over 8 weeks as a trial and due to its popularity, has continued in the same format. HEAL has developed a close association with the Western Sydney Local Health Service that provides clinical placements at Blacktown and Mt Druitt Hospital to allow the IMGs a chance to visit this real life medical environment.

The course continues to be offered in both Melbourne and Sydney.

Clinical Bridging Course (FEE-HELP) The FEE-HELP course continues to be one of the most popular HEAL courses. HEAL, under an auspicing agreement with Victoria University, is able to provide the opportunity for students to access government support to attend the course; an opportunity not offered by any other provider of clinical bridging courses in Australia.

The FEE-HELP course runs for 18 weeks with students based at Austin/Repatriation Hospital, Monash Medical Centre (now Monash Health) and Dandenong Hospital.

Clinical Trial Exams During 2012/13, HEAL continued to run Clinical Trial Exams as part of the clinical bridging courses (in both Melbourne and Sydney). Five Clinical Trial Exams were conducted; four in Melbourne and one at Westmead Hospital in New South Wales which was the inaugural trial exam for our Sydney Clinical Bridging Course.

The Clinical Trial Exam provides candidates with the opportunity to test their skills under exam conditions. It follows a similar format as that of the AMC Clinical Examination. Candidates receive individual feedback at each of the 16 stations and a group feedback session is conducted where common problems and issues are discussed. Additionally, IMGs who have not attended a HEAL bridging course also have an opportunity to sit the trial exam. In 2012/13, 153 IMGs who were enrolled in a HEAL course and 46 IMGs not enrolled in a course participated in a Clinical Trial Exam.


Testimonials Preyangka Pea, Sydney Clinical Course participant 2013:

“...I am very happy, probably the happiest ever in my life. Finally, all those pains, sufferings and dedications have paid off in a fruitful way. I must take this opportunity to thank everybody; especially the HEAL/VMPF Sydney course Director, coordinators, instructors and all my co-participants in HEAL Sydney's first batch. The course, I must admit, is a very intense course with all the practical focus of the AMC clinical exam. It helped me a lot to upgrade my confidence to a passing standard. The practical orientation of the Australian Health system, up to date information, properly simulated mock tests, continuous support and communication all were well planned and brought the best outcome of the participants. This course can really change the ordinary preparation to a passing standard. So I recommend it to everyone.”

Elena Vysotskaya, MCQ and Clinical Course participant, 2013:

“I’d like to thank HEAL and all tutors of MCQ and Clinical Courses. It was a wonderful experience, which made me able to pass all my AMC exams.”

Cintia Fornaso, MCQ Course participant 2013:

“I took the HEAL MCQ Bridging Course March/April 2013 only 6 weeks and then a week later I took my exam!!! Studied topics given by tutors on a daily basis... blue book... NO recalls at all... and passed... I owe it all to HEAL/VMPF and the great tutors. Thanks thanks...”

AMC Trial Examination Additional to our own trial exams, HEAL was engaged by the AMC to give 38 IMGs the opportunity to participate in three clinical trial examinations in May 2013. These examinations were conducted by the AMC to trial their new AMC National Test Centre in Melbourne. Candidates were selected by the AMC by ballot and 18 current and recently graduated HEAL students took part in these clinical trial examinations at no cost. Candidates who were successful at the trial examination were considered to have met the requirements to obtain the AMC certificate and had a pass recorded for the clinical examination by the AMC.

PESCI Workshop In April 2013, HEAL conducted its first workshop aimed at teaching the principles of a Pre-Employment Structured Clinical Interview (PESCI) for IMGs undertaking a General Practice direction in their careers. The workshop was facilitated by a representative of Health Workforce Assessment Victoria (HWAV) and the HEAL CEO, an experienced PESCI trainer. Joining the facilitators were two HWAV medical practitioners and assessors for the official PESCI process. They were able to provide an important insight into how a PESCI is conducted and what is expected of a candidate in their response to questions.


Work Ready Course In April 2013, HEAL ran its first six-day Work Ready course. The course content was developed with reference to the Medical Deans Competencies Project and through a survey of General Practitioners and Hospital Medical Officer (HMO) managers to determine the relevant skills and competencies that would support IMGs when entering the Australian health workforce.

Skills taught in the course covered a range of identified diagnostic and procedural skills which are expected of junior doctors entering the workforce. The course offered the opportunity for candidates to undertake training with a hands-on approach and included skills such as plastering, suturing, nasogastric tube insertion, interpreting pathology reports, writing drug charts and also basic life support. The course included many other essential skills across the six days. Much of the course was conducted in a simulation centre utilising mannequins and part task trainers. The training was conducted by skilled practitioners who currently work in the Australian health system and can pass on their skills and experience to the candidates.

Tutor and Examiner Workshop HEAL acknowledges that the quality of tutors and examiners reflects the quality of a course. HEAL utilised the skills of various specialists in educational principles to teach and develop tutors and examiners for the benefit of IMG students. As the bank of tutors is a transient one, due mainly to work offers in the medical workforce, HEAL was proactive in keeping the quality of tutors at an appropriate level. During the 2012/2013 financial year HEAL conducted five workshops – two clinical tutor workshops (one in Sydney), one joint MCQ and clinical tutor workshop, one MCQ tutor workshop and one examiner workshop.

Workshops were free to participants and were co-facilitated by an experienced educator to ensure tutors were guided in the use of current educational principles in the delivery of their tutorials.

International Physiotherapy Graduate Course The HEAL bridging course for international physiotherapy graduates preparing for their Australian Physiotherapy Council (APC) written examinations is designed to enable participants to:

• understand the problem-solving and decision-making that is required for the safe and effective practice of physiotherapy in Australia;

• understand assessment measures, interventions, tests and medications commonly used in Australia;

• gain confidence in developing and assessing treatment plans;

• apply an evidence based approach to practice; and

• understand what it means to be a first contact practitioner in Australia.


The course structure is based on the Australian Standards for Physiotherapy and includes:

• how to prepare for the APC Written Assessment;

• the Australian Physiotherapy Standards and their importance in the APC written assessment;

• pharmacology in physiotherapy;

• musculoskeletal physiotherapy;

• cardio-respiratory physiotherapy;

• neurological physiotherapy; and

• Q&A review session

The course was run in February 2013 over four and a half days on consecutive weekends. All sessions were facilitated by experienced physiotherapists using case studies and other education strategies. Sessions covered a range of ages (i.e. paediatric to gerontology) and settings (i.e. hospital to private practice).


Our First ‘HEAL’ Baby...

Dr. M. Elena R. Casilen introduces her bundle of joy, Michael HEAL Casilen, and this is her story….

I passed the Clinical AMC exam taken on the 6th of April 2013 in Melbourne. I was 36 weeks pregnant then and also had to fly in from Sydney. I found out that I passed the exam while in labour on the 11th of April 2013 and that’s courtesy of my husband who had been on the iPad and iPhone. I was crying when I definitely knew I passed having checked my AMC number several times. My midwife looked worried so I said I was crying because I passed my exam! Not because of the pain! I could not believe it. I even told my husband then not to tell jokes because I was in labour, but surely enough I did pass! Then after one hour and a half, I gave birth at 36 weeks to a 2.7kg healthy baby boy. By then we were texting/emailing friends, families, Dr Daniel (Lin), and my classmates at HEAL.

Well long before all this wonderful commotion, being pregnant, I wasn’t sure if I would be taking the exam. But thanks to my husband, Solomon, and especially a peaceful feeling I had in my prayers, I decided to go for the exam. Part of the great boost to succeed was taking the HEAL/VMPF bridging course. Knowing that this was the best and tested organisation to help me pass the Clinical exam, me and my friend Allan took the course.

In this course we met Dr Daniel Lin, the “system man” and Mark Dare which makes me think of the motto “dare to dream”! Our group were the first to take the course here in Sydney. Thanks to this “Dream Team” together with our awesome HEAL tutors, also to mention Dr Johannes Wenzel, we had enough tools to face the exam.

The course I took ran through mid February through mid April and my exam was two weeks earlier before the course finishes. Believe it or not but I only really started studying around February when my sister came from the Philippines to help me with the kids (5 & 7 year olds). The course helped me a lot. The role plays especially and the tips from our tutes. My friends were worried if I could handle the course due to the 1.5 hour train travel every day. I had to do it though and made most of the time with a goal of 4–5 AMC book cases and HEAL cases for each travel. Nearing exam week, I had to miss another week of tutes, I studied at the back room and role played with classmates at lunch. My HEAL classmates were wonderful people!

Come exam day, me and my husband flew into Melbourne and stayed with our friends, the Swintons. I also developed a cold sore on the exam day! The stress! Four days after my bag of water broke! There goes that story, then finally graduation day at HEAL! Chats! Pics! I brought our little bundle along as a request, then before we all parted… my wonderful friend DOCTOR Magambo (he likes being called Doctor!) said “Why don’t you name him Michael Magambo Heal?” … A light bulb went on! Me and my husband decided to give him the second name HEAL! Adding Magambo was too long. He understands…

In the verge of giving birth and almost stranded in Melbourne, with only Qantas wanting to fly me back home to Sydney… me and my little bundle of joy made it! We passed the exam! Thanks everyone and God Bless!

From Michael HEAL and Me (Dr M Elena R. Casilen)…and my family…


HEAL is excited to report the launch of its new simulated patient program in 2013. This program, the first of its kind in Australia, aims to increase the access to well-trained, professional simulated patients in the health education sector.

The program offers opportunities to both the simulated patients (SPs) and to those who work with them to deliver educational programs to health professionals. For the SPs, training workshops provide them with knowledge, skills, support and a network of peers and colleagues. Once they complete the HEAL training program, they are included on a database of SPs which will be available to all education providers and other groups working with simulated patients, which will increase the employment opportunities available to the SPs.

For the organisations looking to hire SPs, the benefit comes from the work HEAL will do on their behalf in the background. HEAL will find, recruit and train the SPs. HEAL will employ the SPs, removing an unnecessarily time consuming administrative workload from the education providers. Organisations working with SPs will be able to contact HEAL with their SP requirements and we will work together to ensure the best educational program is delivered.

Simulated Patient Program


Activity to date

Steering Committee

A steering committee has been established to provide expertise and guidance in the development of this program. HEAL is fortunate to have on the steering committee internationally recognised experts in the area of simulated patient education, including representatives from the Association of Standardized Patient Educators, the Victorian Simulated Patient Network, the Victorian Simulation Alliance and others highly regarded in this field.

Inaugural Training Workshop

In May 2013, HEAL ran its pilot workshop for SPs. It was facilitated by leaders in the field of simulated patient education and an experienced simulated patient. The workshop provided some history of simulation and theory around SP practice, as well as a platform for the practical aspects; preparing characters and practicing role-playing scenarios.

Program Accreditation

In another first, HEAL has applied to have the training program accredited. This means more professionalism for the SPs and acknowledgement of the work they do. It also provides education providers with certainty that the SPs they are working with are appropriately trained and ready to work.


Throughout 2012/13, HEAL’s Country Education Program (CEP) has remained focused on its core purpose of providing quality health education to rural and remote health professionals.

Administrative processes, analysis and collaboration have continued to be streamlined to improve the structure of the CEP. The number of lectures has increased by 14.9% from the previous financial year.

As per the service agreement with the Department of Health, Victoria HEAL has scheduled lectures based on participant requested topics as well as state government health priorities. These include cardiovascular health, cancer control, mental health, dementia and preventative health topics.

The program has traditionally been implemented with assistance from local supervisors (usually GPs) at each rural centre. The supervisory role is to liaise with speakers and local participants and arrange venue, catering and other relevant requirements pertaining to the CEP. We have recently collaborated with the Medicare Locals (MLs) in certain regions and those MLs are also now involved in a supervisory capacity. The relevant MLs include Great South Coast, Grampians, Barwon, Gippsland and South Gippsland Sub Region. The CEP has worked in collaboration with these organisations and regional supervisors at each centre to organise and implement well respected educational programs to rural areas.

In 2012/13 under the CEP, HEAL planned and managed the delivery of 201 lectures to 28 rural centres. The CEP met and maintained all responsibilities to the Department of Health, Victoria (DoH) as outlined in the 2012/2013 service agreement between HEAL and DoH. The CEP has engaged agencies and stakeholders which include, but are not limited to, Alzheimers Australia, Dementia Behavioural Management Advisory Service, various Medicare Locals, DoH as well as Divisions of General Practice.

HEAL has maintained and renewed accreditation and endorsement status for continuing professional development (CPD) programs with the Royal Australian College of General Practitioners (RACGP), Australian College of Rural and Remote Medicine (ACRRM), as well as the Australian College of Nursing (ACN).

Through an annual needs analysis, HEAL researched the educational needs and priorities of each centre. Educational value was a primary reason that participants said they attended the sessions. This growth in the CEP is an example of the number of rural health professionals who are involved in personal, open development practices for their own ongoing medical education.

Country Education Program


HEAL appointed a new CEP Program Coordinator in 2013. The program coordinator operates in collaboration with the Administration, Communications and Social Media Coordinator at HEAL and this working relationship has proved successful and results have been achieved.

HEAL is maintaining its engagement in applying technical capabilities to help increase attendance at CEP lectures. The introduction of WebEx streaming at Hamilton and Sale has supported various sub rural centres to engage the program. The WebEx streaming has enabled rural health professionals to surmount logistical difficulties and maintain engagement with the CEP. HEAL intends to pursue further opportunities in this sector throughout 2013/14, with the application of an online video library open to the public. This is an exciting opportunity and will further increase HEAL’s presence across rural Victorian centres.

Feedback from CEP participants

(surveys are anonymous)

“It's been a really valuable

experience as a medical student

and I hope that HEAL continues to

offer this program to the students

placed in rural towns!”

“Great for allied health to have the

opportunity to mix with medical

practitioners. Thank you! Fabulous

that it is free of charge!”

“Thankyou for continuing to provide

valuable educative opportunities

outside the metropolitan setting”


Medical Careers Expo 2013

HEAL, Postgraduate Medical Council of Victoria (PMCV) and the Australian Medical Association (Victoria) (AMA Victoria) collaboratively organised the annual Medical Careers Expo. The 2013 expo consisted of over 50 exhibitors and included some new exhibitors. The expo was directed at Hospital Medical Officers (HMOs), interns, and final year medical students as a platform to explore career opportunities in various specialty fields.

Career seminars were presented to participants. Topics included curriculum vitae skills, interview skills, rural training opportunities and specific health service presentations. Participants were invited to evaluate the sessions and provided comments that will be used in the strategic planning of the 2014 expo.

Social Media With the change from VMPF to HEAL, came the introduction of social media and online marketing and communication.

Social media has played a significant role in communicating the brand name change from VMPF to HEAL. As social media is still a relatively new approach to business advertising and marketing, and HEAL as an organisation appeals to a very specific demographic, it was, initially, difficult for HEAL to create a strong social media following.

Other Programs


HEAL began the social media launch with Facebook. Initially, HEAL had a small number of loyal Facebook followers. To promote the brand name change and the organisation’s activities, an advertising strategy was implemented to increase the number of Facebook ‘likes’ and reach a wider audience. Facebook has been a worthwhile medium for promoting HEAL courses, up-coming events and other news.

HEAL’s social media strategy is being further developed with other avenues to capitalise on, such as LinkedIn, Google Ads, online forums, multi-media platforms, and much more.

Electroconvulsive Therapy (ECT) Training Program These three day training programs are mandatory for all medical and allied health professionals working in the ECT field in Victoria. Participants receive a certificate of course attendance to entitle them to perform this procedure. The course is held monthly for up to five participants.

Publications Electroconvulsive Therapy: an Australasian Guide. This publication is used as course material in the ECT training program. HEAL expects to produce a revised edition of this publication in 2013-2014.


Anxiety Disorders: Current Understandings Novel Treatments. Launched in August 2012, VMPF/HEAL was invited to publish this book by the Chair of Psychiatry, St Vincent’s Hospital Melbourne. This book records the proceedings of the 4th Annual Australasian Anxiety Disorders Conference and includes some additional chapters. It provides a succinct overview of a number of controversial areas pertaining to the anxiety disorders, as well as outlining future directions for therapeutic endeavours.

Conferences S8 Opioid Forum – Melbourne – 26 October 2012 The Department of Health, Victoria, approached VMPF/HEAL to assist with organisational support of a Forum on the over prescribing of S8 pharmaceuticals.

“An emerging opioid analgesic epidemic is apparent: the response of the medical profession is likely to be pivotal in the progress of this epidemic”. The Forum sought the views of key medical stakeholder groups and aimed to identify whether they share a consensus regarding what actions should be taken in response to the Opioid Epidemic.

Professor Robert Moulds was the Session Moderator and presentations were made by representatives of the Department of Health, Victoria, Medical Board, Medical Defence and AMA. These were followed by a session on “What should be our response?” with presentations by representatives from the Australian and New Zealand College of Anaesthetists (ANZCA)/Faculty of Pain Medicine (FPM), Rehabilitation Medicine, Addiction Medicine, RACGP and Royal Australia and New Zealand College of Psychiatrists (RANZCP) followed by a panel discussion.

There were 87 registrants and although no media were present at the Forum, the media release did create considerable interest with a feature article in major newspaper.

Australian Psychiatrist Expert Forum - Glenelg - 15-17 March 2013 The second Australian Psychiatrist Expert Forum was held in Glenelg, South Australia in March 2013. HEAL was again the conference organiser for this forum of psychiatrists representing each State of Australia. Twenty psychiatrists presented topics of their own choice under the Chatham House Rules. This provided a very open exchange of diverse ideas and opinions on a broad range of topics including research and clinical treatment.

Professor Robert Goldney, AO, delivered a presentation on “Suicide: risk management, clinical practice and the Coroner” at the Forum Dinner. A panel chaired by Professor John Tiller, Professor David Castle and Professor Malcolm Hopwood discussed the content of the presentation with the participants.

Mr Tony James (Medical Writer) attended the forum and was tasked with writing up the proceedings to be published in booklet form. HEAL is the publisher of this booklet.

AstraZeneca provided an unrestricted grant for this forum.


Secretariat Australasian Society for Bipolar & Depressive Disorders Ltd HEAL manages the Secretariat of the ASBDD. Regular meetings of the ASBDD are held by teleconference.

ASBDD’s biennial conference will be held in October 2013 at the University of Melbourne. HEAL was successful in its bid to be appointed Conference Organiser. Planning commenced in July 2012 and there has been ongoing support to the Conference Organising Committee since that time. A dedicated conference website was launched in April 2013 which incorporates on-line registration facilities.

The Conference will bring together researchers and clinicians from the scientific community worldwide to highlight the latest developments in knowledge on depressive illness and bipolar disorder, as well as treatments to improve clinical outcomes. It will not just focus on biology, but will also emphasise psychological factors and psychosocial rehabilitation and prevention. In addition there will be a workshop on preventing common mental disorders.

Two eminent international speakers (Professor Pim Cuijpers, The Netherlands and Dr Carlos Zarate, USA) have been invited to present at the conference together with a key group of national speakers.


Directors The names of the directors in office at any time during or since the end of the year are as follows:

Chair: Associate Professor Harvey Harrison NEWNHAM MBBS, FRACP, PhD

Deputy Chair: Professor Emeritus John Walter Gell TILLER

MD, MB ChB, BSc, DPM, FRACP, FRANZCP, GAICD Members: Dr Deborah Jan COLVILLE

MBBS, FRANZCO (to 09/11/2012)

Professor Robert Francis Westland MOULDS B.MedSci, MBBS, FRACP, PhD Dr Hung The NGUYEN BMedSci, MBBS, FRACGP, MHP, GCHPE, GAICD (commenced 12/02/2013)

Dr Moghamad Cassim SCHRUEDER MB ChB, MB CHB NATAL, FRANZCP, DIP PSYCHOTHER ADEL Associate Professor Bernard SWEET MBBS, FRACP Dr Johannes WENZEL MD (Berlin), FACEM (to 12/02/2013)

Secretary: Ms Beverley SUTTON RN, RM, MBA, DComProg, GCHPE

HEAL Staff Executive Staff Chief Executive Officer Beverley Sutton

Director of Programs Rachel Riordan (commenced 8 October 2012)

Director of Special Projects Ann Dancer

Senior Medical Advisor Professor Robert Moulds

Business Manager Les-Lea Guy

Executive, Staff and Memberships


Administrative Staff Project Manager Jillian Morphet

Program Manager (International Graduate Program) Mark Dare

Program Coordinators (International Graduate Program) Elizabeth Scholes Monica Yuill Irena Heath (to 18 December 2012)

Program Coordinator (Country Education Program) Leah Lonsdale (commenced 14 March 2013)

Administration, Communications and Social Media Coordinator Maddie Featherby (commenced 1 May 2013)

IMG Bridging Courses Dr H Hillman (Medical Co-ordinator) Prof. B. Waxman (Supervisor) Dr J. Wenzel (Supervisor) Mr P. Conroy (Language Co-ordinator) Ms H. Lindesay (Language Co-ordinator)

CEP Regional Supervisors Dr P. Vine (Albury/Wodonga) Dr A. Cunningham (Ararat/Stawell) Grampians Medicare Local (Ararat/Stawell) Great South Coast Medicare Local (Camperdown, Terang, Timboon, Hamilton, Portland, Warrnambool) Barwon Medicare Local (Colac) Gippsland Medicare Local (Gippsland region) Dr A. Wilson/ Dr L. Walker (Hamilton) Dr D. Leembruggen (Horsham) Ms A. Compt (Mildura) Dr G. Patel/ Dr D. Singh (Portland) Ms P. McCombe (Sale) Dr E. Hession (Swan Hill) Dr B. Maydom (Warragul) Dr B. Opperman (Warrnambool)

Grant Department of Health, Victoria


Sponsors AstraZeneca Pty Ltd Celgene Pty Ltd CSL Biotherapies Geelong Private Hospital GlaxoSmithKline Australia Janssen-Cilag Pty Ltd Merck Sharp & Dohme Mundi Pharma Pty Ltd Novartis Pharmaceuticals Australia (NSW) Sanofi-Aventis Servier Laboratories (Aust) Pty Ltd St John of God Pathology Ltd

HEAL Representatives on Other Bodies Australian Medical Association (Victoria) Professor Robert Moulds

Australian Postgraduate Federation in Medicine Professor John Tiller (Director) Associate Professor Bernard Sweet (Director)

Therapeutic Guidelines Limited Professor John Tiller (Director)

Postgraduate Medical Council of Victoria Ms Beverley Sutton

Organisation Details Health Education Australia Limited Level 8, Aikenhead Wing 27 Victoria Parade Fitzroy VIC 3065

Telephone +61 3 9415 1177 Facsimile +61 3 9416 2624 Email [email protected] www.heal.org.au

ABN 12 142 105 771


mailto:[email protected]

Auditor’s Independence Declaration under s 307C of the Corporations Act 2011

To the Directors of Health Education Australia Ltd

I declare that, to the best of my knowledge and belief, during the year ended 30 June 2013 there have been:

i) no contraventions of the auditor’s independence requirements as set out in the Corporations Act 2001 in relation to the audit; and

ii) no contraventions of any applicable code of professional conduct in relation to the

audit. ACCRU MELBOURNE 123 Camberwell Road Chartered Accountants HAWTHORN EAST 3123 G D WINNETT 21st October 2013 Partner


Health Education Australia Limited Financial Report

Statement of Financial Position at 30th June 2013

Note 2013 2012

$ $

Current Assets

Cash and cash equivalents 3 1,871,259 1,532

Trade and other receivables 4 14,178 23,556

Other Assets 5 10,018 -

Inventories 6 525 -

Total Current Assets 1,895,980 25,088

Non-Current Assets

Property, Plant & Equipment 7 28,860 -

Total Non-Current Assets 28,860 -

Total Assets 1,924,840 25,088

Current Liabilities

Trade & Other Payables 8 204,781 9,038 Other Liabilities 9 463,728 -

Provisions 10 64,606 -

Total Current Liabilities 733,115 9,038

Non-Current Liabilities

Provisions 10 4,232 -

Total Non-Current Liabilities 4,232 -

Total Liabilities 737,347 9,038

Net Assets 1,187,493 16,050

Equity

Retained Earnings/(Accumulated Losses) (183,320) 16,050

Contributed Equity - VMPF 11 1,370,813 -

Total Equity 1,187,493 16,050

The accompanying notes form an integral part of these financial statements.



Statement of Comprehensive Income for the Year Ended 30th June 2013

Note 2013 2012

$ $

Income

Conference & Course Registration 694,097 47,786

Conference Sponsorship - 93,506

Interest Income 13,794 743

Grant Income 94,770 -

Sale of Publications 20,907 -

Other Income 27,684 -

Total Income 851,252 142,036

Expenditure

Communication Expenses 2,175 365

Course Expenses 488,347 -

Employment Expenses 383,073 -

Finance Expenses 46,050 5,789

Legal Costs 10,271 -

Occupancy Expenses 3,036 -

Project Development 49,003 9,914

Other Administration Expenses 68,530 88,756

Total Expenses 1,050,485 104,824

Net Surplus/(Deficit) (199,233) 37,211

Add Other Income/(Expenses)

Loss on Disposal of Assets (137) -

Total Comprehensive Income/(Loss) For The Year (199,370) 37,211

The accompanying notes form an integral part of this statement.



Statement of Changes in Equity for the Year Ended 30th June 2013

Retained Earnings Contributed Equity Total

$ $ $

Balance at 1 July 2011 (21,161) - (21,161)

Surplus/(Deficit) attributable to members 37,211 - 37,211

Balance at 30 June 2012 16,050 - 16,050

Surplus/(Deficit) attributable to members (199,370) - (199,370)

Contribution of equity - VMPF - 1,370,813 1,370,813

Balance at 30 June 2013 (183,320) 1,370,813 1,187,493 The accompanying notes form an integral part of this statement.



Statement of Cash Flows for the Year Ended 30th June 2013

Note 2013 2012

$ $

Cash Flows from Operating Activities

Receipts from course fees, sponsors, etc. 497,733 114,645

Payments to suppliers and employees (857,171) (120,177)

Interest received 5,281 743

Net Cash (used in)/provided by Operating Activities

(a) (354,157) (4,789)

Cash Flows from Investing Activities

Purchase of property, plant and equipment (367) -

Net Cash (used in)/provided by Investing Activities

(367) -

Cash Flows from Financing Activities

Net cash transferred from VMPF 2,224,251 -

Net Cash (used in)/provided by Financing Activities

2,224,251 -

Net increase/(decrease) in cash held 1,869,727 (4,789)

Cash at beginning of Financial Year 1,532 6,321

Cash at end of Financial Year 1,871,259 1,532

The accompanying notes form an integral part of this statement of cash flows.



Note (a) – Reconciliation of Cash provided by Operating Activities to Operating Profit

2013 2012

$ $

Surplus / (Deficit) (199,370) 37,211

Adjustments:

Depreciation 3,238 -

(Profit)/Loss on Disposal of Assets 137 -

Net Assets & Net Income Transferred by VMPF (893,980) -

Change in Assets and Liabilities:

(Increase)/Decrease in Accounts Receivable 15,342 (6,844)

(Increase)/Decrease in Inventories (525) -

(Increase)/Decrease in Other Current Assets (10,018) -

Increase/(Decrease) in Trade Creditors 16,564 2,128

Increase/(Decrease) in Other Payables 125,171 (37,284)

Increase/(Decrease) in Accrued Expenses 160,897 -

Increase/(Decrease) in Provisions 125,556 -

Increase/(Decrease) in Income in Advance 302,831 -

Total Cash (used in)/provided by Operating Activities

(354,157) (4,789)



Notes to the Financial Statements for the Year Ended 30th June 2013

Note 1 – Summary of Significant Accounting Policies

The financial statements are for Health Education Australia Limited as an individual entity, incorporated and domiciled in Australia. Health Education Australia Limited is a not-for-profit company limited by guarantee.

Note 2 – Basis of Preparation

The financial statements are prepared on the basis that the company is a non-reporting entity because there are no users who are dependent on its general purpose financial statements. These financial statements are therefore special purpose financial statements that have been prepared in order to meet the requirements of the Corporations Act 2001. The company is a not-for-profit entity for financial reporting purposes under Australian Accounting Standards.

The financial statements have been prepared in accordance with the mandatory Australian Accounting Standards applicable to entities reporting under the Corporations Act 2001. Material accounting policies adopted in the preparation of these financial statements are presented below and have been consistently applied unless stated otherwise.

The financial statements, except for the cash flow information, have been prepared on an accruals basis and are based on historical costs unless otherwise stated in the notes.

Revenue

Revenue from the rendering of a service is recognised upon the delivery of the service to the customers.

Interest revenue is recognised using the effective interest rate method.

Other revenue is recognised when the right to receive the revenue has been established.

All revenue is stated net of the amount of goods and services tax (GST).

Goods and Services Tax (GST)

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

Cash flows are presented in the statement of cash flows on a gross basis, except for the GST components, which are disclosed as operating cash flows.

Unexpended Grant Funds & Course Fees Grants received by the Foundation relate to specific projects or are awarded on an annual basis. The grant income is applied to a project and matched to the expenses incurred by that particular project. Income is brought to account when received and at the end of the financial year, unexpended grant monies against which future commitments have been made are carried forward and brought to account in the year in which the relevant expenditure is made.



Fixed Assets

Property, Plant and Equipment (PPE) Computer and office equipment are carried at cost less, where applicable, any accumulated depreciation.

The depreciable amount of all PPE is depreciated over the useful lives of the assets to the company commencing from the time the asset is held ready for use.

Cash & Cash Equivalents Cash and cash equivalents include cash on hand, deposits held at-call with banks, other short-term highly liquid investments with original maturities of three months or less, and bank overdrafts.

Stock of Publications Publications on hand at year end are brought to account at the lower of actual production and printing costs and net realisable value.

Long Service Leave The company provides for the long service leave entitlement of all employees on a pro rata basis plus on-costs and the amounts have been measured at their net present value.

Income Tax

The company is exempt from income tax under Division 50 of the Income Tax Assessment Act 1997.



Note 3 – Cash and Cash Equivalents

2013 2012

$ $

Cash at Bank 624,144 1,532

Term Deposits 1,247,115 -

1,871,259 1,532

Note 4 – Trade and Other Receivables

2013 2012

$ $

Trade Debtors 5,503 20,844

GST Receivable - 2,712

Sundry Debtors 8,675 -

14,178 23,556

Note 5 – Other Current Assets

2013 2012

$ $

Prepaid Expenses 10,018 -

Accrued Income - -

Funds in Trust - -

10,018 -

Note 6 – Inventories

2013 2012

$ $

Stock of Publications 525 -

525 -



Note 7 – Property, Plant & Equipment

2013 2012

$ $

Leasehold Improvements At Cost 12,550 - Accumulated Depreciation (208) - 12,342 - Office Furniture and Equipment: At Cost 23,037 -

Accumulated Depreciation (14,533) -

8,504 -

Computer Equipment:

At Cost 31,616 -

Accumulated Depreciation (23,602) -

8,014 -

Total Property, Plant and Equipment 28,860 -

Movements in carrying amounts

Leasehold

Improvements Office Furniture and Equipment

Computer Equipment

Total

$ $ $ $

Balance at the beginning of 2012 - - - -

Additions - - - -

Disposals - - - -

Depreciation expense - - - -

Carrying amounts at the end of 2012 - - - -

Balance at the beginning of 2013 - - - -

Additions 12,498 9,671 10,066 32,235

Disposals - (137) - (137)

Depreciation expense (156) (1,030) (2,052) (3,238)

Carrying amounts at the end of 2013 12,342 8,504 8,014 28,860

Note 8 – Trade & Other Payables

2013 2012

$ $

Trade Creditors 25,602 -

Sundry Creditors 122,461 9,038

Accrued Employee Benefits 56,718 -

204,781 9,038



Note 9 – Other Current Liabilities

2013 2012

$ $

Accrued Expenses 160,897 -

Income in Advance 302,831 -

463,728 -

Note 10 – Provisions

2013 2012

$ $

Provision for Long Service Leave – Current 64,606 -

Provision for Long Service Leave – Non - Current 4,232 -

68,838 -

Note 11 – Contributed Equity

To better facilitate national operations, the activities, financial management and assets of VMPF were transferred on 1 January 2013 to the associated company limited by guarantee Health Education Australia Ltd. A contribution of net assets (specifically cash, receivables, stock, plant & equipment, accounts payable, income in advance and employee benefits) of $1,370,813 was made to HEAL.

Note 12 – Company Details The registered office of the company is:

Health Education Australia Limited

8th Floor Aikenhead Wing

27 Victoria Parade

Fitzroy VIC 3065

Note 13 – Trust Distribution from MPF Trust

The MPF Trust Deed provides the trustee with the powers to distribute its income to Health Education Australia Ltd. The trustee has further powers to make loans and Capital distributions to Health Education Australia Ltd if the company requests funds to discharge its liabilities.

2013 2012

$ $

Trust Distribution from MPF Trust - -

- -



Note 14 – Trusteeship

On 1 January 2013, Health Education Australia Ltd became the new trustee of the Victorian Medical Postgraduate Foundation Inc. – Educational Purposes Fund. This Fund was established in 1982. Since that date, further transfers have been made to the Fund.

As trustee the Company is responsible for the liabilities of the Fund and has recourse to the assets of the Fund to meet these liabilities. At 30th June 2013 the accounts of the Fund disclosed that there were liabilities of $400 and net assets of $751,574.



Health Education Australia Limited Directors' Declaration

The directors have determined that the company is not a reporting entity and that this special purpose financial report should be prepared in accordance with the accounting policies described in Note 1 to the financial statements.

The Directors of the company declare that:

1. The financial statements and notes, as set out in pages 28 to 38 are in accordance with the Corporations Act 2001:

a) Comply with Accounting Standards; and

b) Give a true and fair view of the company’s financial position as at 30 June 2013 and of its performance for the financial year ended on that date of the company.

2. In the Directors’ opinion there are reasonable grounds to believe the company will be able to pay its debts as and when they become due and payable.

This declaration is made in accordance with a resolution of the Board of directors and is signed for and on behalf of the Directors’ by:



Dated this 21st day of October 2013


Independent Audit Report To the members of Health Education Australia Limited Report on the Financial Report We have audited the accompanying financial report, being a special purpose financial report, of Health Education Australia Limited, which comprises the statement of financial position as at 30 June 2013, statement of comprehensive income, statement of changes in equity and statement of cash flows for the year then ended, a summary of significant accounting policies, other explanatory notes and the directors' declaration. Directors’ Responsibility for the Financial Report The directors of the company are responsible for the preparation and fair presentation of the financial report and have determined that the accounting policies described in Note 1 to the financial statements, which form part of the financial report, are appropriate to meet the requirements of the Corporations Act 2001 and are appropriate to meet the needs of the members. The directors' responsibility also includes such internal control as the directors determine is necessary to enable the preparation of a financial report that gives a true and fair view and is free from material misstatement, whether due to fraud or error. Auditor’s Responsibility Our responsibility is to express an opinion on the financial report based on our audit. No opinion is expressed as to whether the accounting policies used, as described in Note 1, are appropriate to meet the needs of the members. We conducted our audit in accordance with Australian Auditing Standards. These Auditing Standards require that we comply with relevant ethical requirements relating to audit engagements and plan and perform the audit to obtain reasonable assurance whether the financial report is free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial report. The procedures selected depend on the auditor’s judgement, including the assessment of the risks of material misstatement of the financial report, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the company's preparation and fair presentation of the financial report in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the directors, as well as evaluating the overall presentation of the financial report.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Independence In conducting our audit, we have complied with the independence requirements of the Corporations Act 2001. Auditor’s Opinion In our opinion, the financial report of Health Education Australia Limited is in accordance with the Corporations Act 2001, including:

a. giving a true and fair view of the company's financial position as at 30 June 2013 and of its financial performance for the year ended on that date in accordance with the accounting policies described in Note 1; and

b. complying with Australian Accounting Standards (including Australian Accounting Interpretations) to the extent described in Note 1 and the Corporations Regulations 2001.

Basis of Accounting and Restriction on Distribution

Without modifying our opinion, we draw attention to Note 1 to the financial report, which describes the basis of accounting. The financial report has been prepared for the purpose of fulfilling the directors' financial reporting responsibilities under the Corporations Act 2001. As a result, the financial report may not be suitable for another purpose.

ACCRU MELBOURNE G D WINNETT Chartered Accountants Partner 21 October 2013

Health Education Australia Limited Educational Purposes Fund Financial Report

Statement of Financial Position as at 30th June 2013

Note 2013 2012

$ $

Current Assets

Cash 3 743,395 714,672

Other Current Assets 4 8,579 3,648

Total Current Assets 751,974 718,320

Total Assets 751,974 718,320

Current Liabilities

Trade & Other Payables 5 400 400

Total Current Liabilities 400 400

Total Liabilities 400 400

Net Assets 751,574 717,920

Equity

Capital fund 101,000 101,000

Retained earnings 650,574 616,920

Total Equity 751,574 717,920

The accompanying notes form an integral part of these financial statements.




2013 2012

$ $

Income

Interest 33,654 37,085

Total Income 33,654 37,085

Expenses

Bank charges - -

Total Expenses - -

Profit from Operations 33,654 37,085

Total Comprehensive Income 33,654 37,085

The accompanying notes form an integral part of this statement.


Retained Earnings Capital Fund Total

$ $ $

Balance at 30 June 2011 579,835 101,000 680,835

Profit attributable to members 37,085 - 37,085

Balance at 30 June 2012 616,920 101,000 717,920

Profit attributable to members 33,654 - 33,654

Balance at 30 June 2013 650,574 101,000 751,574 The accompanying notes form an integral part of this statement.




Note 2013 2012

$ $

Cash Flow from Operating Activities

Interest received 28,723 44,994

Payments to suppliers - -

Net Cash provided by Operating Activities (a) 28,723 44,994

Net increase/(decrease) in cash held 28,723 44,994

Cash at beginning of Financial Year (b) 714,672 669,678

Cash at end of Financial Year (b) 743,395 714,672 The accompanying notes form an integral part of this statement of cash flows. Note (a) – Reconciliation of Cash Provided by Operating Activities to Operating Profit

2013 2012

$ $

Operating profit 33,654 37,085

(Increase)/Decrease in Sundry Debtors (4,931) 7,909

(Increase)/Decrease in Accrued Income - -

Increase/(Decrease) in Unearned Income - -

Net cash provided by Operating Activities 28,723 44,994

Note (b) – Reconciliation of Cash

For the purpose of the Statement of Cash Flows, cash includes all cash on hand and cash equivalents as reported in the Statement of Financial Position and Note 3.

2013 2012

$ $

Cash at Bank 743,395 714,672



Notes to the Accounts for the Year Ended 30th June 2013


The financial statements are for Victorian Medical Postgraduate Foundation Inc. – Educational Purposes Fund as an individual entity, incorporated and domiciled in Australia. Victorian Medical Postgraduate Foundation Inc. – Educational Purposes Fund is a not-for-profit trust. Basis of preparation This financial report is a special purpose financial report prepared for the trustee. The trustee has determined that the Fund is not a reporting entity. The financial report has been prepared on an accruals basis and is based on historic costs and does not take into account changing money values, or except where specifically stated, current valuations of non-current assets.

The following material accounting policies, which are consistent with the previous period unless otherwise stated, have been adopted in the preparation of this financial report.

Income Tax The Fund is exempt from income tax by virtue of Division 50 of the Income Tax Assessment Act 1997.

Note 2 – Nature of Fund

The Victorian Medical Postgraduate Foundation Inc. was instrumental in creating the Fund by a deed dated 13th August 1982 in order to fulfil an objective of the Foundation to establish and maintain a permanent fund for the continuance of postgraduate work in Victoria. The Foundation transferred investments (cost to the Foundation - $101,000) to the Fund. The Victorian Medical Postgraduate Foundation Inc. was the trustee of the Fund from 1985 until 1 January 2013, when the trustee changed to Health Education Australia Ltd.



Note 3 – Cash

2013 2012

$ $

Cash at Bank 155 155 Term Deposits 743,240 714,517 743,395 714,672


2013 2012

$ $

Accrued Income 8,579 3,648 8,579 3,648


2013 2012

$ $

Accrued Expenses 400 400

400 400



Statement by Members of the Executive Committee The Executive Committee has determined that the fund is not a reporting entity.

The Executive Committee has determined that this special purpose financial report should be prepared in accordance with the accounting policies outlined in Note 1 to the financial statements.

In the opinion of the Committee the financial report:

1. Presents a true and fair view of the financial position of Victorian Medical Postgraduate Foundation Inc. – Educational Purposes Fund as at 30 June 2013 and its performance for the financial year ended on that date.

2. At the date of this statement, there are reasonable grounds to believe that Victorian Medical Postgraduate Foundation Inc. – Educational Purposes Fund will be able to pay its debts as and when they fall due.

This statement is made in accordance with a resolution of the Executive Committee and is signed for and on behalf of the Committee by:



Dated this 21st October 2013


To the members of Victorian Medical Postgraduate Foundation Inc-Educational Purposes Fund

Report on the Financial Report We have audited the accompanying financial report, being a special purpose financial report, of Victorian Medical Postgraduate Foundation Inc. - Educational Purposes Fund, which comprises the Statement of Financial Position as at 30 June 2013 and the Statement of Comprehensive Income, Statement of Changes in Equity and Statement of Cash Flows for the year ended on that date, a summary of significant accounting policies, other explanatory notes and the Statement by Members of the Executive Committee. Trustee’s Responsibility for the Financial Report The Trustee is responsible for the preparation and fair presentation of the financial report and has determined that the accounting policies described in Note 1 to the financial statements, which form part of the financial report, are consistent with the financial reporting requirements of the Trust Deed. This responsibility also include such internal control as the Trustee determines is necessary to enable the preparation of a financial report that gives a true and fair view and is free from material misstatement, whether due to fraud or error. Auditor’s Responsibility Our responsibility is to express an opinion on the financial report based on our audit. No opinion is expressed as to whether the basis of accounting used, as described in Note 1, are appropriate to meet the needs of the members. We conducted our audit in accordance with Australian Auditing Standards. These Auditing Standards require we comply with relevant ethical requirements relating to audit engagements and plan and perform the audit to obtain reasonable assurance whether the financial report is free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial report. The procedures selected depended on the auditor’s judgment, including assessment of the risks of material misstatement of the financial report, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial report in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluation of the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Executive Committee, as well as evaluation of the overall presentation of the financial report. The financial report has been prepared for distribution to members for the purpose of fulfilling the Trustee’s financial reporting requirements under the trust deed. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Independence In conducting our audit, we have complied with the independence requirements of Australian professional ethical pronouncements. Auditor’s Opinion In our opinion, the financial report of Victorian Medical Postgraduate Foundation Inc. - Educational Purposes Fund gives a true and fair view, in all material respects the financial position of Victorian Medical Postgraduate Foundation Inc. - Educational Purposes Fund as of 30 June 2013 and of its financial performance for the year then ended in accordance with the accounting policies described in Note 1 to the financial statements. Basis of Accounting and Restriction on Distribution Without modifying our opinion, we draw attention to Note 1 to the financial report, which describes the basis of accounting. The financial report has been prepared to assist Victorian Medical Postgraduate Foundation Inc. - Educational Purposes Fund to meet the requirements of the trust deed. As a result, the financial report may not be suitable for another purpose. ACCRU MELBOURNE G D WINNETT Chartered Accountants Partner 21 October 2013


Annual Report 2012/13

Victorian Medical Postgraduate

Foundation Inc.

Victorian Medical Postgraduate Foundation Inc. Financial Report

Executive Report Since its establishment in 1920, the Victorian Medical Postgraduate Foundation (VMPF) has offered a richness of healthcare education programs. VMPF has been synonymous with quality medical education and in that time, VMPF helped thousands of graduates from around Australia and overseas acquire the skills and qualifications they were seeking. The organisation has adapted its vision and mission over nearly 100 years of operation to suit the needs of its members and stakeholders.

On 14 November 2012, the members of VMPF resolved to accept the recommendation of the Executive Committee of Management of VMPF to support its resolution to transfer all operations, financial management and its assets to HEAL. HEAL effectively took over operations on 1 January 2013.

For ease of reporting, all operations that took place under VMPF in the 2012/13 financial year are reported in the HEAL section of this annual report.

We would like to take this opportunity to recognise the contribution made by all members of the Executive Committee (past and present), General Members, stakeholders and staff of VMPF. VMPF enters a new era as Health Education Australia Limited (HEAL).

VMPF Executive Committee Members Chair: Associate Professor Harvey Harrison NEWNHAM

MBBS, FRACP, PhD Deputy Chair: Professor Emeritus John Walter Gell TILLER

MD, MB ChB, BSc, DPM, FRACP, FRANZCP, GAICD Members: Dr Deborah Jan COLVILLE

MBBS, FRANZCO (to 09/11/2012)

Professor Robert Francis Westland MOULDS B.MedSci, MBBS, FRACP, PhD Dr Moghamad Cassim SCHRUEDER MB ChB, MB CHB NATAL, FRANZCP, DIP PSYCHOTHER ADEL Dr Ruth SUTHERLAND MBBS, DRANZCOG, FRACGP (to 17/12/2013) Associate Professor Bernard SWEET MBBS, FRACP Associate Professor Gillian WEBB DipPhysio, GDipRehab, DEd, MClinEd (to 17/12/2013) Dr Johannes WENZEL MD (Berlin), FACEM (to 12/02/2013)

Educational Advisor: Associate Professor Margaret BEARMAN PhD, Cert.Perf.Arts, BSci, BComp (Hons)

Public Officer: Ms Beverley SUTTON RN, RM, MBA, DComProg, GCHPE

Victorian Medical Postgraduate Foundation 2012/13 Annual Report 51


Statement of Financial Position at 30th June 2013

Note 2013 2012

$ $

Current Assets

Cash and cash equivalents 3 42,914 1,725,404

Trade and other receivables 4 752 17,077

Financial Assets 5 517,210 439,714

Other Assets 6 - 20,676

Inventories 7 - 7,707

Total Current Assets 560,876 2,210,578

Non-Current Assets

Property, Plant and Equipment 8 - 20,092

Total Non-Current Assets - 20,092

Total Assets 560,876 2,230,670

Current Liabilities

Trade & Other Payables 9 - 148,806

Other Liabilities 10 - 557,011

Provisions 11 - 53,364

Total Current Liabilities - 759,181

Non-Current Liabilities

Provisions 11 - 3,214

Total Non-Current Liabilities - 3,214

Total Liabilities - 762,395

Net Assets 560,876 1,468,275

Equity

Retained Earnings 1,931,689 1,468,275

Contributed Equity - HEAL 12 (1,370,813) -

Total Equity 560,876 1,468,275

The accompanying notes form part of these financial statements.

52 Victorian Medical Postgraduate Foundation 2012/13 Annual Report



Note 2013 2012

$ $

Income

Conference & Course Registrations 1,228,778 1,859,701

Interest Income 53,230 66,546

Grant Income 77,550 159,656

Sale of Publications 41,893 53,049

Sponsorship 6,660 42,484

Other Income 11,266 50,072

Total Income 1,419,377 2,231,508

Expenditure

Communication Expenses 12,653 7,674

Course Expenses 449,300 1,083,543

Employment Expenses 451,307 564,410

Finance Expenses 39,304 59,906

Legal Costs 13,972 40,708

Occupancy Expenses 10,645 11,718

Project Development 27,627 812

Other Administration Expenses 49,900 71,130

Total Expenses 1,054,708 1,839,901

Profit/(Loss) from Operations 364,669 391,607

Add Other Income/(Expenses)

Trust Distribution from MPF Trust 12 - -

Profit/(Loss) on Disposal of Assets - (90)

JB Were Investments

Dividend Income 21,877 16,220

Interest Income 1,125 692

Miscellaneous Income - -

23,002 16,912

Realised Gain/(Loss) on Investments 15,902 (14,709)

Unrealised Gain/(Loss) on Investments 68,099 (29,890)

Management Fees (8,258) (6,469)

75,743 (51,068)

Total JB Were Investments 98,745 (34,156)

Total Comprehensive Income For the Year 463,414 357,361





Retained Earnings Contributed Equity Total

$ $ $

Balance at 30 June 2011 1,110,914 - 1,110,914

Profit/(Loss) attributable to members 357,361 - 357,361

Balance at 30 June 2012 1,468,275 - 1,468,275

Profit/(Loss) attributable to members 463,414 - 463,414

Contribution of equity - HEAL - (1,370,813) (1,370,813)

Balance at 30 June 2013 1,931,689 (1,370,813) 560,876





Note 2013 2012

$ $

Cash Flows from Operating Activities

Receipts from course fees, sponsors, etc. 1,827,054 2,384,429

Payments to suppliers and employees (1,312,221) (2,029,158)

Interest received 53,230 66,546

Interest Paid (319) (939)

Net Cash (used in)/provided by Operating Activities

(a) 567,744 420,878

Cash Flows from Investing Activities

Purchase of property, plant and equipment (16,586) (851)

Purchase of JB Were Investments (9,397) (230,326)

Net Cash (used in)/provided by Investing Activities

(25,983) (231,177)

Cash Flows from Financing Activities

Net cash transferred to HEAL (2,224,251) -

Net Cash (used in)/provided by Financing Activities

(2,224,251) -

Net increase/(decrease) in cash held (1,682,490) 189,701

Cash at beginning of Financial Year 1,725,404 1,535,703

Cash at end of Financial Year 3 42,914 1,725,404




Note (a) – Reconciliation of Cash provided by Operating Activities to Operating Surplus / (Deficit)

2013 2012

$ $

Operating Profit/(Loss) 463,414 357,361

Adjustments:

Depreciation 3,292 7,058

Unrealised Losses/(Gains) on Investments (68,099) 29,890

(Profit)/Loss on Disposal of Assets - 90

Net Assets & Net Income Transferred to HEAL 893,980 -

Change in Assets and Liabilities:

(Increase)/Decrease in Accounts Receivable 16,864 2,029

(Increase)/Decrease in Inventories 7,707 14,570

(Increase)/Decrease in Other Current Assets 20,676 673

Increase/(Decrease) in Trade Creditors (28,077) 14,904

Increase/(Decrease) in Other Payables (98,384) 33,885

Increase/(Decrease) in Accrued Expenses (117,781) (93,427)

Increase/(Decrease) in Provisions (86,618) 18,303

Increase/(Decrease) in Income in Advance (439,230) 35,542

Total Cash provided by Operating Activities 567,744 420,878





The financial statements are for Victorian Medical Postgraduate Foundation Inc as an individual entity, incorporated and domiciled in Australia. Victorian Medical Postgraduate Foundation Inc is a not-for-profit incorporated association. Basis of Preparation This financial report is a special purpose financial report prepared in order to satisfy the financial reporting requirements of the Associations Incorporation Reform Act 2012 of Victoria. The Executive Committee has determined that the Foundation is not a reporting entity.

The financial report has been prepared on an accruals basis and is based on historic costs and does not take into account changing money values, or except where specifically stated, current valuations of non-current assets.

The following material accounting policies, which are consistent with the previous period unless otherwise stated, have been adopted in the preparation of this financial report.

SOCI Disclosures Income & Expenses have been disclosed in order to provide the most relevant information about the performance of the Foundation.

Unexpended Grant Funds & Course Fees Grants received by the Foundation relate to specific projects or are awarded on an annual basis. The grant income is applied to a project and matched to the expenses incurred by that particular project. Income is brought to account when received and at the end of the financial year, unexpended grant monies against which future commitments have been made are carried forward and brought to account in the year in which the relevant expenditure is made.

Fixed Assets

Property, Plant and Equipment (PPE) Computer and office equipment are carried at cost less, where applicable, any accumulated depreciation.

The depreciable amount of all PPE is depreciated over the useful lives of the assets to the association commencing from the time the asset is held ready for use.

Stock of Publications Publications on hand at year end are brought to account at the lower of actual production and printing costs and net realisable value.

Cash & Cash Equivalents Cash and cash equivalents include cash on hand, deposits held at-call with banks, other short-term highly liquid investments with original maturities of three months or less, and bank overdrafts.

Income Tax The Foundation is exempt from income tax by virtue of Division 50 of the Income Tax Assessment Act 1997.



Long Service Leave The Foundation provides for the long service leave entitlement of all employees on a pro rata basis plus on-costs and have been measured at the net present value.

Goods & Services Tax (GST) Revenues, expenses and assets are recognised net of the amount of GST, except where the amount of GST incurred is not recoverable from the Australian Taxation Office. In these circumstances, the GST is recognised as part of the cost of the acquisition of the asset or as part of an item of expense. Receivables and payables in the Statements of Financial Position are shown inclusive of GST.

Cash flows are presented in the Statement of Cash Flows on a gross basis, except for the GST component of investing and financing activities, which are disclosed as operating cash flows.

Revenue Revenue is recognised to the extent that it is probable that the economic benefits will flow to the entity and the amount can be measured reliably. Revenue from the rendering of a service is recognised upon the delivery of the service to the customers.

Interest revenue is recognised using the effective interest method.

Other revenue is recognised when the right to receive the revenue has been established.

All revenue is stated net of the amount of goods and services tax (GST).

Business Undertakings An interest in a joint venture is brought to account by including in their respective classification categories:

– the Foundation's share in each of the individual assets employed in the joint venture; – the liabilities incurred by the economic entity in relation to the joint venture; – the Foundation's share of income and expenses of the joint venture.

Financial Assets The JB Were investments consist of shares held in companies listed on the Australian Stock Exchange. The investments are recognised at their market value and are inclusive of any unrealised gains/losses as well as any accrued income.

Note 2 – Legal Status

The Foundation was incorporated as an association under the Associations Incorporation Act 1981 on 3rd January 1985.




Note 3 – Cash and Cash Equivalents

2013 2012

$ $

Cash at Bank - 807,321

Term Deposits - 897,172

JB Were Cash Trust 42,914 20,911

42,914 1,725,404

Note 4 – Trade and Other Receivables

2013 2012

$ $

Trade Debtors - 6,591

Sundry Debtors 752 10,486

752 17,077

Note 5 – Financial Assets

2013 2012

$ $

JB Were Managed Funds at Market Value 517,210 439,714

517,210 439,714


2013 2012

$ $

Prepaid Expenses - 10,028

Accrued Income - 10,648

Funds in Trust - -

- 20,676

Note 7 – Inventories

2013 2012

$ $

Stock of Publications - 7,707

- 7,707



Note 8 – Property, Plant and Equipment

2013 2012

$ $

Office Furniture and Equipment: At Cost - 22,289

Accumulated Depreciation - (12,725)

- 9,564

Computer Equipment:

At Cost - 29,665

Accumulated Depreciation - (19,137)

- 10,528

Total Property, Plant and Equipment - 20,092

Movements in carrying amounts

Leasehold

Improvements Office Furniture and Equipment

Computer Equipment

Total

$ $ $ $

Balance at the beginning of 2012 - 10,968 15,421 26,389

Additions - 250 601 851

Disposals - - (243) (243)

Depreciation expense - (1,654) (5,251) (6,905)

Carrying amounts at the end of 2012 - 9,564 10,528 20,092

Balance at the beginning of 2013 - 9,564 10,528 20,092

Additions 12,550 751 1,573 14,874

Disposals (12,497) (9,491) (9,686) (31,674)

Depreciation expense (53) (824) (2,415) (3,292)

Carrying amounts at the end of 2013 - - - -


2013 2012

$ $

Trade Creditors - 28,077

Sundry Creditors - 90,689

Accrued Employee Benefits - 30,040

- 148,806



Note 10 – Other Current Liabilities

2013 2012

$ $

Accrued Expenses - 117,781

Income in Advance - 439,230

- 557,011

Note 11 – Provisions

2013 2012

$ $

Provision for Long Service Leave – Current - 53,364

Provision for Long Service Leave – Non - Current - 3,214

- 56,578

Note 12 – Contributed Equity

To better facilitate national operations, the activities, financial management and assets of VMPF were transferred on 1 January 2013 to the associated company limited by guarantee Health Education Australia Ltd. A contribution of net assets (specifically cash, receivables, stock, plant & equipment, accounts payable, income in advance and employee benefits) of $1,370,813 was made to HEAL.

Note 13 – Trust Distribution from MPF Trust

The MPF Trust Deed provides the trustee with the powers to distribute its income to the Victorian Medical Postgraduate Foundation Inc. The trustee has further powers to make loans and Capital distributions to the Victorian Medical Postgraduate Foundation Inc. if the Foundation requests funds to discharge its liabilities.

2013 2012

$ $

Trust Distribution from MPF Trust - -

- -

Note 14 – Trusteeship

On 1 January 2013, Health Education Australia Ltd became the new trustee of the Victorian Medical Postgraduate Foundation Inc. – Educational Purposes Fund. The Foundation is therefore no longer responsible for the liabilities of the Fund.



Statement by Members of the Executive Committee The Executive Committee has determined that the association is not a reporting entity.

The Executive Committee has determined that this special purpose financial report should be prepared in accordance with the accounting policies outlined in Note 1 to the financial statements.

In the opinion of the Committee the financial report:

1. Presents a true and fair view of the financial position of Victorian Medical Postgraduate Foundation Inc. as at 30 June 2013 and its performance for the financial year ended on that date.

2. At the date of this statement, there are reasonable grounds to believe that Victorian Medical Postgraduate Foundation Inc. will be able to pay its debts as and when they fall due.

This statement is made in accordance with a resolution of the Executive Committee and is signed for and on behalf of the Committee by:

A/Prof. H. Newnham - Director

Prof. J.W.G. Tiller – Director

Dated this 21st day of October 2013


Independent Audit Report To the members of Victorian Medical Postgraduate Foundation Inc Report on the Financial Report We have audited the accompanying financial report, being a special purpose financial report, of Victorian Medical Postgraduate Foundation Inc., which comprises the Statement of Financial Position as at 30 June 2013 and the Statement of Comprehensive Income, Statement of Changes in Equity and Statement of Cash Flows for the year ended on that date, a summary of significant accounting policies, other explanatory notes and the Statement by Members of the Executive Committee. Executive Committee’s Responsibility for the Financial Report The Executive Committee is responsible for the preparation and fair presentation of the financial report and has determined that the accounting policies described in Note 1 to the financial statements, which form part of the financial report, are consistent with the financial reporting requirements of the Associations Incorporation Reform Act 2012 of Victoria and are appropriate to meet the needs of the members. The Executive Committee’s responsibilities also include such internal control as the Executive Committee determine is necessary to enable the preparation of a financial report that gives a true and fair view and is free from material misstatement, whether due to fraud or error. Auditor’s Responsibility Our responsibility is to express an opinion on the financial report based on our audit. No opinion is expressed as to whether the basis of accounting used, as described in Note 1, are appropriate to meet the needs of the members. We conducted our audit in accordance with Australian Auditing Standards. These Auditing Standards require we comply with relevant ethical requirements relating to audit engagements and plan and perform the audit to obtain reasonable assurance whether the financial report is free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial report. The procedures selected depended on the auditor’s judgment, including assessment of the risks of material misstatement of the financial report, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial report in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluation of the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Executive Committee, as well as evaluation of the overall presentation of the financial report. The financial report has been prepared for distribution to members for the purpose of fulfilling the Executive Committee’s financial reporting requirements under the Associations Incorporation Reform Act 2012 of Victoria. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Independence In conducting our audit, we have complied with the independence requirements of Australian professional ethical pronouncements. Auditor’s Opinion In our opinion, the financial report of Victorian Medical Postgraduate Foundation Inc. gives a true and fair view, in all material respects the financial position of Victorian Medical Postgraduate Foundation Inc. as of 30 June 2013 and of its financial performance for the year then ended in accordance with the accounting policies described in Note 1 to the financial statements, and the Associations Incorporation Reform Act 2012 of Victoria. Basis of Accounting and Restriction on Distribution Without modifying our opinion, we draw attention to Note 1 to the financial report, which describes the basis of accounting. The financial report has been prepared to assist Victorian Medical Postgraduate Foundation Inc. to meet the requirements of the Associations Incorporation Reform Act 2012 of Victoria. As a result, the financial report may not be suitable for another purpose. ACCRU MELBOURNE G D WINNETT Chartered Accountants Partner 21 October 2013


health education australia limited and victorian medical ... · care and education’ at harvard...

Documents