{"id":"tas:act-2005-080","name":"Tasmanian Community Fund Act 2005","slug":"tasmanian-community-fund-act-2005","collection":"act","jurisdiction":"tas","status":"in_force","isInForce":true,"actNumber":"80 of 2005","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":105566,"registerId":"tas-act-2005-080-current","compilationNumber":null,"startDate":"2026-04-03","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Short title","content":"### 1 Short title\n\n> This Act may be cited as the [Tasmanian Community Fund Act 2005](/view/html/inforce/2026-04-12/act-2005-080) .","sortOrder":0},{"sectionNumber":"2","sectionType":"section","heading":"Commencement","content":"### 2 Commencement\n\n> This Act commences on the day on which this Act receives the Royal Assent.","sortOrder":1},{"sectionNumber":"3","sectionType":"section","heading":"Interpretation","content":"### 3 Interpretation\n\n> In this Act, unless the contrary intention appears –\n> \n> > ***Board*** means the Tasmanian Community Fund Board continued in existence under [section 6](#GS6@EN) ;\n> \n> > ***Fund*** means the Tasmanian Community Fund continued in existence under [section 4](#GS4@EN) ;\n> \n> > ***repealed Act*** means the [Trust Bank Sale Act 1999](/view/html/inforce/2026-04-12/act-1999-076) .","sortOrder":2},{"sectionNumber":"4","sectionType":"section","heading":"Tasmanian Community Fund","content":"### 4 Tasmanian Community Fund\n\n> > (1)  [*\\[Section 4 Subsection (1) amended by No. 4 of 2017, Sched. 1, Applied:01 Jul 2019\\]*](/view/html/inforce/2019-07-01/act-2017-004#JS1@Ja120@GC1@Hpa@EN) The Tasmanian Community Fund established under the repealed Act continues in existence as an account in the Public Account.\n> \n> > (2)  Money standing immediately before the commencement of this Act to the credit of the fund established within the Special Deposits and Trust Fund under the repealed Act stands to the credit of the Fund.\n> \n> > (3)  [*\\[Section 4 Subsection (3) amended by No. 4 of 2017, Sched. 1, Applied:01 Jul 2019\\]*](/view/html/inforce/2019-07-01/act-2017-004#JS1@Ja120@GC1@Hpb@EN) Any amounts determined in accordance with [section 5](#GS5@EN) are to be paid into the Fund each year out of the Public Account without further appropriation than this section.","sortOrder":3},{"sectionNumber":"5","sectionType":"section","heading":"Amounts to be paid into Fund","content":"### 5 Amounts to be paid into Fund\n\n> > (1)  The amount to be paid into the Fund in each financial year is an amount that is equal to the amount paid into the Fund in the previous financial year indexed, in accordance with the ratio of the most recent March quarter CPI figure for Hobart, to the March quarter CPI figure for Hobart in the preceding year.\n> \n> > (2)  For the purposes of [subsection (1)](#GS5@Gs1@EN)  –\n> > \n> > > ***CPI figure for Hobart*** means the Consumer Price Index : All Groups Index Number for Hobart published by the Australian Statistician under the authority of the [Census and Statistics Act 1905](/view/html/inforce/2026-04-12/act-2005-080) of the Commonwealth.","sortOrder":4},{"sectionNumber":"6","sectionType":"section","heading":"Tasmanian Community Fund Board","content":"### 6 Tasmanian Community Fund Board\n\n> > (1)  The Tasmanian Community Fund Board established under the repealed Act continues in existence.\n> \n> > (2)  The Board is to consist of not more than 6 persons appointed by the Governor on the recommendation of the Minister.\n> \n> > (3)  One of the persons appointed under [subsection (2)](#GS6@Gs2@EN) is to be appointed by the Governor, on the recommendation of the Minister, as chairperson.\n> \n> > (4)  The Minister must not make a recommendation to the Governor under [subsection (2)](#GS6@Gs2@EN) unless he or she has consulted with the Board.\n> \n> > (5)  [Schedule 1](#JS1@EN) has effect with respect to the membership of the Board.\n> \n> > (6)  [Schedule 2](#JS2@EN) has effect with respect to the meetings of the Board.","sortOrder":5},{"sectionNumber":"7","sectionType":"section","heading":"Functions of Board","content":"### 7 Functions of Board\n\n> > (1)  The functions of the Board are to –\n> > \n> > > > (a) provide grants out of the Fund for community purposes as the Board thinks fit; and\n> > > \n> > > > (b) manage the Fund, in any manner in which the Board thinks fit, so as to maximise the return earned on any money standing to the credit of the Fund, having regard to the need to –\n> > > > \n> > > > > > (i) provide grants out of the Fund; and\n> > > > > \n> > > > > > (ii) exercise reasonable care and prudence so as to maintain the integrity of the Fund; and\n> > > \n> > > > (c) conduct its operations in an efficient, effective and economical manner.\n> \n> > (2)  For the purposes of [subsection (1)(a)](#GS7@Gs1@Hpa@EN) , grants may be made by the Board for –\n> > \n> > > > (a) charitable purposes; and\n> > > \n> > > > (b) sporting or recreational purposes; and\n> > > \n> > > > (c) cultural and arts purposes; and\n> > > \n> > > > (d) educational purposes; and\n> > > \n> > > > (e) religious purposes; and\n> > > \n> > > > (f) any other community purpose approved by the Minister on the recommendation of the Board.\n> \n> > (3)  The Board may distribute, at its sole discretion, the whole or any part of the balance standing to the credit of the Fund.\n> \n> > (4)  The Board may, at its sole discretion, resolve to accumulate the whole or any part of the balance standing to the credit of the Fund and to invest the whole or any part of that balance, with the intent that the accumulations are to be available for subsequent distribution in future financial years.\n> \n> > (5)  In performing its functions and exercising its powers, the Board must –\n> > \n> > > > (a) act honestly in all matters concerning the Fund; and\n> > > \n> > > > (b) ensure that its functions and powers are performed and exercised in the best interests of the Tasmanian community.\n> \n> > (6)  The Board may make arrangements with the Secretary of the Department for persons employed in the Department to be made available to the Board to enable the Board to perform its functions and exercise its powers under this Act and those persons may, in conjunction with State Service employment, serve the Board in any capacity.\n> \n> > (7)  Other than employing staff, the Board may do anything necessary or convenient to perform its functions.","sortOrder":6},{"sectionNumber":"8","sectionType":"section","heading":"Accounts and records","content":"### 8 Accounts and records\n\n> > (1)  The Board must ensure that proper accounts and records are kept in relation to the transactions and affairs of the Board.\n> \n> > (2)  As soon as practicable after 30 June in each year, the Board must prepare a statement of accounts, in a form that complies with Australian Accounting Standards, showing the true and correct financial position of the Fund as at that date and the transactions of the Fund in respect of the period of 12 months ending on that date.","sortOrder":7},{"sectionNumber":"9","sectionType":"section","heading":"Costs and expenses of Board","content":"### 9 Costs and expenses of Board\n\n> > (1)  All costs and expenses associated with the operation of the Board and the Fund are to be met from the Fund.\n> \n> > (2)  For the purposes of [subsection (1)](#GS9@Gs1@EN) , costs and expenses include, but are not limited to –\n> > \n> > > > (a) remuneration of Board members; and\n> > > \n> > > > (b) investment expenses; and\n> > > \n> > > > (c) legal, accounting, advisory and taxation expenses; and\n> > > \n> > > > (d) the use of the services of persons referred to in [section 7(6)](#GS7@Gs6@EN) ; and\n> > > \n> > > > (e) liability for any taxes; and\n> > > \n> > > > (f) any other costs and expenses approved by the Minister in writing.","sortOrder":8},{"sectionNumber":"10","sectionType":"section","heading":"Protection from liability","content":"### 10 Protection from liability\n\n> A member of the Board does not incur any personal liability in respect of any act done or omitted to be done by the member in good faith in the performance or exercise, or purported performance or exercise, of any function or power of the Board under this Act.","sortOrder":9},{"sectionNumber":"11","sectionType":"section","heading":"Annual report of Board","content":"### 11 Annual report of Board\n\n> > (1)  The Board must, following the end of each financial year, prepare an annual report containing –\n> > \n> > > > (a) a report of its operations during the financial year; and\n> > > \n> > > > (b) an audited statement of the financial position of the Fund; and\n> > > \n> > > > (c) a statement of all grants made by the Board from the Fund during the financial year.\n> \n> > (2)  The Board is to submit the annual report to the Minister so as to enable the Minister, on or before 31 October in each year, to cause copies of the report to be laid before each House of Parliament.\n> \n> > (3)  If the Minister is unable to comply with [subsection (2)](#GS11@Gs2@EN) because either House of Parliament is not sitting, the Minister must –\n> > \n> > > > (a) on 31 October following the end of the financial year –\n> > > > \n> > > > > > (i) forward copies of the annual report to the Clerk of that House; and\n> > > > > \n> > > > > > (ii) make the annual report available to the public; and\n> > > \n> > > > (b) within the next 7 sitting-days of that House, cause copies of the annual report to be laid before that House.\n> \n> > (4)  If 31 October in any year is a Sunday or a day that is a statutory holiday as defined in the [Statutory Holidays Act 2000](/view/html/inforce/2026-04-12/act-2000-096) or a public holiday throughout Tasmania, it is sufficient compliance with this section if, on the next day that is not a statutory holiday or a public holiday throughout Tasmania, copies of the annual report are –\n> > \n> > > > (a) forwarded to the Clerk of the Legislative Council and the Clerk of the House of Assembly; and\n> > > \n> > > > (b) made available to the public.","sortOrder":10},{"sectionNumber":"12","sectionType":"section","heading":"Regulations","content":"### 12 Regulations\n\n> > (1)  The Governor may make regulations for the purposes of this Act.\n> \n> > (2)  Regulations may be made so as to apply differently according to matters, limitations or restrictions, whether as to time, circumstance or otherwise, specified in the regulations.\n> \n> > (3)  The regulations may authorise any matter to be from time to time determined, applied or regulated by the Minister or a person holding a position specified in the regulations.","sortOrder":11},{"sectionNumber":"13","sectionType":"section","heading":"Administration of Act","content":"### 13 Administration of Act\n\n> Until provision is made in relation to this Act by order under [section 4 of the](/view/html/inforce/2026-04-12/act-1990-004#GS4@EN) [Administrative Arrangements Act 1990](/view/html/inforce/2026-04-12/act-1990-004)  –\n> \n> > > (a) the administration of this Act is assigned to the Minister for Finance; and\n> > \n> > > (b) the department responsible to that Minister in relation to the administration of this Act is the Department of Treasury and Finance.","sortOrder":12},{"sectionNumber":"14","sectionType":"section","heading":"Savings and transitional provisions","content":"### 14 Savings and transitional provisions\n\n> > (1)  A person holding office as a member of the Tasmanian Community Fund Board under the repealed Act immediately before the commencement of this Act continues to hold that office, unless he or she is removed from office or vacates that office under this Act, for the remainder of the period specified in his or her instrument of appointment.\n> \n> > (2)  The accounts and records kept by the Tasmanian Community Fund Board under the repealed Act that are in existence immediately before the commencement of this Act are taken, on and after that commencement, to be accounts and records kept by the Board under this Act.\n> \n> > (3)  All rights, obligations or liabilities acquired, accrued or incurred by the Tasmanian Community Fund Board under the repealed Act that are subsisting immediately before the commencement of this Act are, on and after that commencement, taken to be rights, obligations and liabilities acquired, accrued or incurred by the Board under this Act.\n> \n> > (4)  Any contract, agreement, deed, arrangement or understanding entered into by the Tasmanian Community Fund Board under the repealed Act, if not executed, discharged or otherwise terminated before the commencement of this Act, is taken to be a contract, agreement, deed, arrangement or undertaking entered into by the Board under this Act.\n> \n> > (5)  Any legal or other proceedings that might, before the commencement of this Act, have been continued or instituted by the Tasmanian Community Fund Board under the repealed Act may, on and after that commencement, be continued or instituted by or against the Board under this Act.","sortOrder":13},{"sectionNumber":"15.","sectionType":"section","heading":null,"content":"### 15.\n\n> See [Schedule 3](#JS3@EN) .","sortOrder":14},{"sectionNumber":"SCHEDULE 1 - Membership of Boa","sectionType":"part","heading":"SCHEDULE 1 - Membership of Board","content":"# SCHEDULE 1 - Membership of Boa SCHEDULE 1 - Membership of Board\n\n[Section 6(5)](#GS6@Gs5@EN)\n\n> **1.   **Term of office****\n> \n> > > (1) A member of the Board is appointed for such term not exceeding 3 years as is specified in his or her instrument of appointment.\n> > \n> > > (2) A member of the Board is eligible for reappointment from time to time for such term not exceeding 3 years as is specified in his or her instrument of appointment.\n\n> **2.   **Provisions relating to members****\n> \n> > Where, by or under any Act, provision is made requiring the holder of an office to devote the whole of his or her time to the duties of his or her office, that provision does not operate to disqualify him or her from holding that office and also the office of a member of the Board.\n\n> **3.   **Remuneration, &c., of members****\n> \n> > > (1) A member of the Board is to be paid such remuneration, expenses and allowances as the Governor may determine.\n> > \n> > > (2) The Governor may determine, in respect of a member of the Board employed in an Agency, within the meaning of the [State Service Act 2000](/view/html/inforce/2026-04-12/act-2000-085) , that any payment of remuneration in respect of that member is to be paid to that Agency instead of to that member.\n\n> **4.    **[State Service Act 2000](/view/html/inforce/2026-04-12/act-2000-085) not to apply****\n> \n> > The provisions of the [State Service Act 2000](/view/html/inforce/2026-04-12/act-2000-085) do not apply to, or in respect of, the appointment of a member of the Board, and a member of the Board is not, in his or her capacity as such a member, subject to the provisions of that Act during his or her term of office.\n\n> **5.   **Appointment of substitute to act during absence of member of Board****\n> \n> > > (1) The Governor may appoint any person (including a member of the Board other than the chairperson of the Board) to act in the office of the chairperson or appoint any person to act in the office of a member of the Board other than the chairperson while the chairperson or that member of the Board, as the case may be, is absent from his or her office through illness or any other cause.\n> > \n> > > (2) A member of the Board other than the chairperson is, for the purpose of [subclause (1)](#JS1@GC5@Gc1@EN) , taken to be absent from his or her office if the member is acting in the office of chairperson pursuant to that subclause.\n> > \n> > > (3) A member of the Board is, for the purpose of [subclause (1)](#JS1@GC5@Gc1@EN) , taken to be absent from his or her office if there is a vacancy in that office which has not been filled in accordance with [clause 7](#JS1@GC7@EN) .\n> > \n> > > (4) While a person is acting in the office of a member of the Board, that person is taken to be a member of the Board.\n\n> **6.   **Vacation of office****\n> \n> > > (1) The office of a member of the Board becomes vacant –\n> > > \n> > > > > (a) when the member dies; or\n> > > > \n> > > > > (b) if the member becomes bankrupt, applies to take the benefit of any law for the relief of bankrupt or insolvent debtors, compounds with his or her creditors or makes an assignment of his or her remuneration or estate for their benefit; or\n> > > > \n> > > > > (c) if the member is absent from 3 consecutive ordinary meetings of the Board of which reasonable notice has been given to him or her, either personally or in the ordinary course of post, unless on leave granted by the Minister or unless, before the expiration of 3 weeks after the last of those meetings, the member is excused by the Minister for his or her absence from those meetings; or\n> > > > \n> > > > > (d) if the member is convicted in the State of a crime, or an offence, which is punishable by imprisonment for a term of not less than 12 months, or if the member is convicted elsewhere than in the State of an offence which, if committed in the State, would be a crime, or an offence, so punishable; or\n> > > > \n> > > > > (e) if the member resigns his or her office by writing under his or her hand addressed to the Governor and the Governor accepts the resignation; or\n> > > > \n> > > > > (f) if the member is removed from office by the Governor under [subclause (2)](#JS1@GC6@Gc2@EN) .\n> > \n> > > (2) The Governor may remove from office a member of the Board if –\n> > > \n> > > > > (a) the Governor is satisfied that the member is unable to perform adequately or competently the duties of his or her office; or\n> > > > \n> > > > > (b) the member fails to disclose an interest as required under [clause 6](#JS2@GC6@EN) of [Schedule 2](#JS2@EN) .\n> > \n> > > (3) A member of the Board must not be removed from office otherwise than in accordance with [subclause (2)](#JS1@GC6@Gc2@EN) .\n\n> **7.   **Filling of casual vacancies****\n> \n> > On the occurrence of a vacancy in the office of a member of the Board otherwise than by the expiration of the term for which the member was appointed, the Minister may, after consulting with the Board, appoint a person to the vacant office for the balance of the member’s term of office.\n\n> **8.   **Validity of proceedings, etc.****\n> \n> > > (1) An act or proceeding of the Board or of any person acting pursuant to any direction of the Board is not invalidated or prejudiced by reason only of the fact that, at the time when the act or proceeding was done, taken or commenced, there was a vacancy in the membership of the Board.\n> > \n> > > (2) All acts and proceedings of the Board or of any person acting pursuant to any direction of the Board are, notwithstanding the subsequent discovery of any defect in the appointment of any member of the Board or that any person was disqualified from acting as, or incapable of being, a member of the Board, as valid as if the member had been duly appointed and was qualified to act as, or capable of being, a member, and as if the Board had been fully constituted.\n\n> **9.   **Presumptions****\n> \n> > In any matter proof is not required of –\n> > \n> > > > (a) the constitution of the Board; or\n> > > \n> > > > (b) any resolution of the Board; or\n> > > \n> > > > (c) the appointment of any member of the Board; or\n> > > \n> > > > (d) the presence of a quorum at any meeting of the Board.","sortOrder":15},{"sectionNumber":"SCHEDULE 2 - Meetings of Board","sectionType":"part","heading":"SCHEDULE 2 - Meetings of Board","content":"# SCHEDULE 2 - Meetings of Board SCHEDULE 2 - Meetings of Board\n\n[Section 6(6)](#GS6@Gs6@EN)\n\n> **1.   **Convening of meetings of Board****\n> \n> > Meetings of the Board may be convened by the chairperson of the Board or by any 3 members of the Board.\n\n> **2.   **Presiding at meetings****\n> \n> > > (1) The chairperson is to preside at all meetings of the Board at which he or she is present.\n> > \n> > > (2) If the chairperson is not present at a meeting of the Board, a member elected by the members present is to preside at that meeting.\n\n> **3.   **Quorum and voting at meetings****\n> \n> > > (1) Two thirds of the members of the Board form a quorum at any meeting of the Board.\n> > \n> > > (2) Questions arising at a meeting of the Board are to be determined by a majority of votes of the members of the Board present and voting.\n> > \n> > > (3) In the event of an equality of votes, the chairperson or other member presiding at a meeting of the Board may exercise a second or casting vote.\n> > \n> > > (4) At a meeting of the Board where a member is excluded from being present and taking part in the consideration and decision of the Board in relation to a matter, a quorum for the purposes of considering and making a decision in relation to the matter is constituted by the number of members specified as constituting a quorum in [subclause (1)](#JS2@GC3@Gc1@EN) less the number of members so excluded.\n\n> **4.   **Telephone conferences, &c.****\n> \n> > > (1) The Board may permit members to participate in a particular meeting, or all meetings, of the Board by –\n> > > \n> > > > > (a) telephone; or\n> > > > \n> > > > > (b) closed-circuit television; or\n> > > > \n> > > > > (c) any other means of communication approved by the Board.\n> > \n> > > (2) A member who participates in a meeting under a permission granted under [subclause (1)](#JS2@GC4@Gc1@EN) is taken to be present at the meeting.\n\n> **5.   **Minutes****\n> \n> > The Board is to keep minutes of its meetings.\n\n> **6.   **Disclosure of interests****\n> \n> > > (1) If –\n> > > \n> > > > > (a) a member has an interest, pecuniary or otherwise, in a matter being considered, or about to be considered, by the Board; and\n> > > > \n> > > > > (b) the interest could conflict with the proper performance of the member’s duties in relation to consideration of the matter –\n> > > \n> > > the member must, as soon as practicable after the relevant facts come to the member’s knowledge, disclose the nature of the interest to the Board.\n> > > \n> > > Penalty:  Fine not exceeding 10 penalty units or a term of imprisonment not exceeding 3 months, or both.\n> > \n> > > (2) A disclosure under [subclause (1)](#JS2@GC6@Gc1@EN) is to be recorded in the minutes of the meeting at which the matter is considered and, unless the Board otherwise determines, a member who makes a disclosure under [subclause (1)](#JS2@GC6@Gc1@EN) in respect of a matter must not –\n> > > \n> > > > > (a) be present during any deliberation of the Board in relation to the matter; or\n> > > > \n> > > > > (b) take part in any decision of the Board in relation to the matter.\n> > \n> > > (3) For the purpose of making a determination under [subclause (2)](#JS2@GC6@Gc2@EN) , the member to whom the determination relates must not –\n> > > \n> > > > > (a) be present during any deliberation of the Board for the purpose of making the determination; or\n> > > > \n> > > > > (b) take part in making the determination.\n\n> **7.   **General procedure****\n> \n> > The procedure for the calling of, and for the conduct of business at, meetings of the Board is, subject to this Schedule, to be as determined by the Board.","sortOrder":16},{"sectionNumber":"SCHEDULE 3 - Legislation repea","sectionType":"part","heading":"SCHEDULE 3 - Legislation repealed","content":"# SCHEDULE 3 - Legislation repea SCHEDULE 3 - Legislation repealed\n\n[Section 15](#GS15@EN) [Trust Bank Sale Act 1999](/view/html/inforce/2026-04-12/act-1999-076)","sortOrder":17}],"analysis":{"flash_summary_failed":{"failed":true,"reason":"A positive credit balance is required for all requests, including BYOK, so fallback providers remain available. Add credits at https://vercel.com/d?to=%2F%5Bteam%5D%2F%7E%2Fai%3Fmodal%3Dtop-up to continue.","source":"analysis-cron"},"summary":{"complexity_score":3,"scope_assessment":{"changed":false,"description":"Insufficient legislative text was provided to make a definitive assessment. Based on the available metadata, the Act appears to remain consistent with its original purpose of establishing and governing a community fund for Tasmania. The most recent amendment consolidated into the version appears to date from mid-2019, suggesting the core scope has been stable for some years."},"complexity_factors":["Limited legislative text was provided — only metadata and status information, not the operative provisions","Community fund legislation of this type is generally straightforward in structure","Likely involves some administrative complexity around grant eligibility criteria and governance arrangements","Multiple amendments since 2005 (indicated by the Table of Amendments reference) may have added layers over time","Interaction with broader Tasmanian government administrative arrangements adds minor complexity"],"plain_english_summary":"The Tasmanian Community Fund Act 2005 creates a government‑managed fund to collect and allocate money for community projects across Tasmania. It sets out governance, decision‑making and accountability arrangements that affect Tasmanian residents, community organisations seeking grants, fund administrators and taxpayers. For community groups, the Act is the legal basis for applying for and receiving grant funding and for how those funds are managed and reported."},"kimi_summary":{"content_quality":"ok","complexity_score":3,"scope_assessment":{"changed":false,"description":"The legislation maintains its original purpose of establishing a perpetual community fund with an independent board. The 2017 amendments visible in the text (sections 4(1) and 4(3)) appear to be technical updates about the Fund's status as a Public Account account, not an expansion of scope. The Act remains focused on its core function: managing and distributing grants from a capital-preserved fund."},"complexity_factors":["Only 3 defined terms in the interpretation section (Board, Fund, repealed Act)","Straightforward structure with 14 main sections plus 3 schedules","Minimal cross-referencing—mostly internal references to other sections of this Act","Simple conditional logic: annual CPI indexing formula in section 5 is the only mathematical provision","Schedules contain standard administrative provisions (meeting rules, appointment terms) that follow common templates","No nested exceptions or heavily conditional operative provisions","Clear separation of powers: Board has broad discretion but with basic fiduciary duties (honesty, community interest)"],"plain_english_summary":"This Act establishes and governs the **Tasmanian Community Fund**, a permanent pool of money used to give grants to community organisations across Tasmania.\n\n**What it does:**\n- **Continues the Fund**: The Fund was originally set up under earlier legislation (the Trust Bank Sale Act 1999) and this Act keeps it going as an official government account.\n- **Automatic annual top-up**: Each year, the Fund receives an indexed amount based on Hobart's inflation rate (CPI), paid directly from the government's Public Account without needing fresh approval each year.\n- **Creates an independent Board**: A board of up to 6 appointed members runs the Fund. They decide who gets grants and how to invest the money to keep the Fund healthy for future years.\n\n**Who it affects:**\n- **Community groups**: Charities, sports clubs, arts organisations, schools, religious groups, and other community bodies can apply for grants.\n- **Board members**: Appointed by the Governor on the Minister's recommendation, with specific rules about terms (up to 3 years), conflicts of interest, and how meetings are run.\n- **Tasmanian taxpayers**: The Fund is replenished automatically from public money, so there's ongoing public accountability through annual reports tabled in Parliament.\n\n**Why it matters:**\nThis Act creates a self-sustaining \"forever fund\" for Tasmanian communities. Unlike one-off government grants that disappear after the budget year, this Fund is designed to last indefinitely—growing through investment returns and annual inflation-linked contributions—so it can support community projects for generations. It balances independence (the Board decides where money goes) with accountability (annual audited reports, conflict-of-interest rules, and parliamentary oversight)."},"flash_summary":{"complexity_score":3,"scope_assessment":{"changed":true,"description":"The Act principally continues the Fund and Board established by the repealed Trust Bank Sale Act 1999 but shifts the Fund to be an account in the Public Account (section 4(1)) while preserving monies standing to its credit (section 4(2)). It also fixes an annual indexed payment rule tied to Hobart March-quarter CPI (section 5). Other rights, obligations, contracts and proceedings under the repealed Act are preserved (section 14), so substantive grant-making and governance scope remains largely unchanged apart from the account placement and explicit indexing."},"complexity_factors":["Continuation of an existing institution with transitional savings (Schedules and section 14) — low legal novelty but requires careful administrative handover","Annual indexed funding mechanism tied to Hobart March-quarter CPI (section 5) — simple formula but needs CPI data integration and accounting","Board appointment, tenure and removal rules (section 6, Schedule 1) — multiple appointment steps and vacancy rules create procedural details","Board discretion over grants and investments (section 7) — broad discretion increases policy importance despite statutory simplicity","Reporting, accounting and audit obligations (sections 8 and 11) — recurring compliance and public reporting requirements","Ministerial/regulatory powers (sections 7(2)(f), 12 and 9(2)(f)) — scope for delegated determinations and approvals","Disclosure and conflict rules with criminal/penalty consequences (Schedule 2 cl.6) — creates individual compliance risk","Funding of Board costs from the Fund (section 9) — internal funding loop affects incentives and budgeting"],"plain_english_summary":"This Act keeps the Tasmanian Community Fund and its Board in place, re-establishing the Fund as an account in the Public Account and requiring an annual payment into it indexed to Hobart CPI. The Board (up to six members) decides grants, manages investments to maximise returns while preserving the Fund, and meets reporting, disclosure and expense obligations from the Fund. Mechanically, the government supplies recurring indexed funding and the Board bears operational, investment and compliance responsibilities."},"issue_detection":{"absurdities":[],"contradictions":[]}},"importantCases":[],"_links":{"self":"/api/acts/tasmanian-community-fund-act-2005","history":"/api/acts/tasmanian-community-fund-act-2005/history","analysis":"/api/acts/tasmanian-community-fund-act-2005/analysis","conflicts":"/api/acts/tasmanian-community-fund-act-2005/conflicts","importantCases":"/api/acts/tasmanian-community-fund-act-2005/important-cases","documents":"/api/acts/tasmanian-community-fund-act-2005/documents"}}