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Trust Liabilities and Right of Indemnity

a. TRUST LIABILITIES AND RIGHT OF INDEMNITY

The RAAF Welfare Recreational Company, as Trustee for the RAAF Central Welfare Trust Fund, has a right of indemnity from the Fund's assets. Liabilities of the Trust not recorded in the financial statements of the company were:

2019

2018

$

$

LIABILITIES

Current liabilities

Trade Payables

8,334

5,090

Other Payables

11,145

14,494

GST Payable

-

44,934

Total current liabilities

19,479

64,518

Non-current liabilities

Provisions

Other Provisions

1,874

1,874

Total Non-current liabilities

1,874

1,874

null

The net assets of the Trust totalling $8 863 592 which lie behind the right of indemnity, are not directly available to meet any liabilities of the company acting in its own right. The assets of the trust were sufficient to discharge all liabilities of the trust at 30 June 2019 and 30 June 2018.