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Schedule of commitments

as at 30 June 2019

Notes

30 June 2019
$’000

30 June 2018
$’000

BY TYPE

CAPITAL COMMITMENTS

Collective investment vehicles

7.3

20,493,662

19,418,150

Corporate Credit (bank loans)

-

52

Total capital commitments

20,493,662

19,418,202

OTHER COMMITMENTS

Operating leases1

12,237

14,413

Other commitments2

10,226

11,343

Total other commitments

20,290

25,756

BY MATURITY

CAPITAL COMMITMENTS

One year or less

20,493,662

19,418,202

Total capital commitments by maturity

20,493,662

19,418,202

OTHER COMMITMENTS

Operating lease commitments

One year or less

4,270

3,527

From two to five years

7,967

10,886

Five years and above

-

-

Total operating lease commitments by maturity

12,237

14,413

Other commitments

One year or less

8,184

9,124

From two to five years

2,042

2,219

Total other commitments by maturity

10,226

11,343

Note: Commitments are GST inclusive.

1 Operating lease commitments relate to rental commitments for the lease of property. Lease terms have on average 3 years remaining. The Fund has no option to purchase any leased items at the conclusion of the lease term.

2 Other commitments relate to contractual obligations for the provision of internal audit services, payroll services and Board and Agency consultancies.

The above schedule should be read in conjunction with the accompanying notes.