The Health Services Charitable Gifts Board (the Board) is established pursuant to the Health Services Charitable Gifts Act 2011 (the HSCG Act). The HSCG Act was proclaimed on 30 June 2011 for commencement on 1 July 2011. The Public Charities Funds Act 1935 was consequently repealed, however the operations of the Commissioners of Charitable Funds have continued in existence as the Health Services Charitable Gifts Board.
The functions of the Board are to prudently manage the charitable assets vested in the Board and apply these assets for the benefit of public health entities or otherwise in accordance with the HSCG Act. Note 1 of the financial report provides further explanation regarding the Board’s functions and responsibilities. In addition, note 19 of the financial report discloses details of funds held on behalf of public health entities at 30 June 2015.