AGRICULTURAL EDUCATION FARMS PROVISION TRUST
1037. Hon DONNA FARAGHER to the Minister for Education and
I refer to the minister's question without notice 993
asked on 17 September 2019 regarding the 20 per cent dividend applied to the
agricultural education farms provision trust fund.
(1) What was the balance of the trust as at 30 June 2018?
(2) What was the balance of the trust as at 30 June 2019?
(3) What is the estimated balance of the trust as at 30 June
2020, 30 June 2021 and 30 June 2022?
(4) What is the estimated actual final dividend for 2018–19?
(5) What are
the forecasted dividends for 2019–20 to 2022–23 based on
estimates prepared by the Department of Education?
Hon STEPHEN DAWSON
I thank the honourable member for some notice of the
question. The following answer is provided on behalf of the Minister for
Education and Training, who is away from Parliament on urgent parliamentary
(1) The balance of the trust was $984 059.
(2) The balance of the trust was $900 279.
estimated balance of the trust for the forward estimates cannot be determined
at this stage as the expenditure from the trust is still to be determined for
dividend is applied on a calendar year basis. An interim dividend of $110 000
has been applied in the 2018–19 financial year for the period January
to June 2019. The final dividend for 2019 has not been finalised.
(5) The value
of the 20 per cent dividend will vary each year depending on the income
generated by the farm operations across the
five Western Australian colleges of agriculture and the Esperance Senior High
School farm training centre.