Summary of Benefits Provided
The following benefits were provided by the Fund during the period:
Loans
During the period, 2,199 loans were made compared to 2,021 in the previous period (1 July 2017 – 30 June 2018) and, as a result, the total amount of the loans increased from $8.1m in the previous period to $9.4m.
The breakdown of loans made in the year ended 30 June 2019 and 30 June 2018 is as follows:
|
Nature |
Loans Made |
Percentage of Cases |
||
|---|---|---|---|---|
|
Year ended 30 Jun 19 |
Year ended 30 Jun 18 |
Year ended 30 Jun 19 |
Year ended 30 Jun 18 |
|
|
General Purpose Loans |
1,762 |
1,633 |
80.13 |
80.80 |
|
Trainee Loans |
7 |
1 |
0.32 |
0.05 |
|
Special Loans |
12 |
10 |
0.55 |
0.49 |
|
Christmas Loans |
418 |
377 |
19.00 |
18.66 |
|
TOTALS |
2,199 |
2,021 |
100.00 |
100.00 |
Expenditure on loans in the years ended 30 June 2019 and 30 June 2018 was as follows:
|
Nature |
Year |
|
|---|---|---|
|
Year ended 30 Jun 19 $ |
Year ended 30 Jun 18 $ |
|
|
General Purpose Loans |
8,809,477 |
7,746,856 |
|
Other Loans |
56,541 |
44,391 |
|
Christmas Loans |
609,800 |
377,000 |
|
TOTALS |
9,475,818 |
8,168,247 |
Grants
During the period 31 grants (28 from funds held in Keeping Watch and 3 from other funds held by the Fund) totalling $72,332 were made to assist serving members and their dependants.
Visit
https://www.transparency.gov.au/annual-reports/royal-australian-navy-relief-trust-fund/reporting-year/2018-2019-12