Yinhawangka Trust

The structure of the Yinhawangka Trust was established to ensure compliance with all the requirements of agreements between the Yinhawangka People (and their legal representatives) and contributors eg Rio Tinto.

Decision Making Committee

The role of the Decision Making Committee is to:

  • Meet as often as required to deal with the business of the Trusts or the Trustee
  • Appoint people or organisations to undertake functions of the Executive Office
  • Formulate and approve Distribution Policies or modifications to existing policies
  • Formulate draft Annual and Strategic Plans
  • Make recommendations to the Trustee

Yinhawangka Council

The role of the Yinhawangka Council is to review and approve Distribution Policies and other decisions made by the Decision Making Committee.

Trustee

The Trustee is the Myer Family Company Ltd.

The role of the Trustee is to:

  • Propose Annual Distributions and Distribution Policies to the Decision Making Committee
  • Implement decisions of the Decision Making Committee once approved by Council
  • Facilitate the calling and holding of Yinhawangka People, Decision Making Committee and Council meetings
  • Ensure meetings of  the Yinhawangka People, Decision Making Committee and Council are convened (as to timing and number of meetings) and held in an efficient, responsible and cost effective manner
  • Maintain a decisions register of minutes from the meetings of Yinhawangka People, Decision Making Committee and Council detailing the resolutions made
  • Liaise with beneficiaries and arrange payment of distributions
  • Assist the improvement, enhancement and support the corporate governance practices amongst the Yinhawangka People, the Decision Making Committee, the Council and the Yinhawangka Aboriginal Corporation.

Beneficiaries

A person on the Register of Yinhawangka Beneficiaries does not have an automatic right or entitlement to a Distribution, however there is a right to be considered for a Distribution.

Distributions

Distributions are paid from a Direct Benefits Trust and a Charitable Trust.

Direct Benefits Trust

The Direct Benefits Trust pays two types of distributions:

  • Annual Distributions; and
  • Application Distributions.

 

DISTRIBUTION AMOUNT / LIMITS REQUIREMENTS
ANNUAL DISTRIBUTION
Distributions are determined by the Decision Making Committee (DMC) and Council each financial year (July – June).They are typically paid twice a year – in December and June. Amount and timing of payments are determined by the DMC and must be approved by the Council.
  • You must be a registered beneficiary at the time of the distribution to be eligible to receive the annual distribution.
  • Beneficiaries do NOT need to apply for an Annual Distribution.
  • Depending on the amount, you may need to complete an Expenditure Plan before payment is released.
APPLICATION DISTRIBUTION
Where a beneficiary makes an application for assistance pursuant to an existing Sub Fund Agreement or Distribution Policy, or for one of the following purposes:

  • Capacity building
  • Wealth creation
  • Community purpose
  • Other specified purpose
Proposed Applications must be approved by a decision made by the DMC before payment can be made.Consideration will be given to whether the project/program can be funded by an alternative Government funding source.
  • Application must be made by a Registered Beneficiary. The Trustee will assist to facilitate this process.
  • You may be required to complete an Expenditure Plan or provide quotes from suppliers.
BUSINESS AND SUPERANNUATION GRANT FUND
Provides each registered beneficiary with financial assistance to either set up a new business or to use for an existing business.Alternatively, the payment can be classified as a personal non-concessional contribution and paid into the beneficiary’s complying superannuation fund.
  • Up to $10,000 each financial year per beneficiary.
  • Yinhawangka Business Allowance Application Form; and
  • Supporting documentation:
For New Businesses:-          Business Plan, ABN, other registrations/licensesFor Exisiting Businesses:-          Financial Statements, ABN, other registrations/licensesFor Superannuation:-          Current Member Statement

 

Note: Please refer to application for more detail on specific requirements

Charitable Trust

Distributions from the Charitable Trust will be made for Charitable Purposes, consistent with the meaning set out in the Trust Deed, common law and the impact of Tax Ruling 2011/4.

Distribution Policies currently approved for this fund are:

 

DISTRIBUTION AMOUNT / LIMITS REQUIREMENTS
FUNERAL ACCESS
Provides each registered beneficiary access to funds to cover reasonable costs incurred when attending a funeral service (e.g. travel and accommodation).
  • Up to $5,000 each financial year per beneficiary.
  • Maximum rate of $1,500 per funeral.
  • Yinhawangka Funeral Access Fund Application Form;  and
  • Confirmation of the funeral you are attending; and
  • A break down for what the payment is required for, e.g. travel, accommodation and additional living expenses.
Note: Funerals attended are not restricted to deceased Yinhawangka Beneficiaries.
FUNERAL COSTS
Provides each registered beneficiary access to funds to cover reasonable costs incurred in conducting a funeral or reburial service (casket, undertaker, flowers, printing, advertising, wake, transport of deceased, clothing to attend, etc).No alcohol will be covered.
  • Up to $10,000 each financial year per beneficiary.
  • Non-cumulative.
  • $2,000 may be taken as cash.
  • Up to $8,000 must be paid direct to supplier.
  • Yinhawangka Funeral Costs Fund Application Form; and
  • Confirmation of the funeral you will be organising; and
  • Invoices for what the $8,000 is required (e.g. undertaker, burial costs, printing/advertising etc).
Note: The deceased does not need to be a Yinhawangka Beneficiary.
LORE AND CULTURE
Provides each registered beneficiary assistance to attend Lore and Culture meetings throughout the year.
  • Up to $6,000 each financial year per beneficiary.
  • Maximum rate of $2,000 per meeting.
  • May be paid direct to beneficiary.
  • Yinhawangka Lore and Culture Form;  and
  • Invoices/quotes must be provided for larger $ requests.
  • No cigarettes or alcohol.
Note: Can be made direct to beneficiaries.
HEADSTONE AND GRAVE MAINTENANCE
Provides beneficiaries access to funds to cover the costs of placing headstones, repairing grave sites and other culturally appropriate activities including visits to burial sites and identifying sites.
  • Up to $12,000 each financial year per beneficiary.
  • Non-cumulative.
  • $2,000 may be taken as cash.
  • Up to $10,000 must be paid direct to supplier.
  • Yinhawangka Headstone and Grave Maintenance Fund Application Form; and
  • Confirmation of the headstone or gravesite that is to be placed or repaired.
  • Invoices for what the $10,000 is required.
Note: The deceased does not need to be a Yinhawangka Beneficiary.
GENERAL MEDICAL
Provides each registered beneficiary with assistance for direct medical costs, including associated costs with medical diagnosis, prevention and treatment including travel and accommodation.
  • Up to $5,000 each financial year per beneficiary.
  • Yinhawangka Medical Allowance Form; and
  • Relevant documentation (invoices, quotes, medical reports, etc) for the treatment/appointment.
Note: If treatment is required for a child under the age of 18, a payment can be made to one parent/legal guardian.
MEDICAL SUPPORTERS
Provides assistance to cover travel, accommodation and associated costs of providing support to a critically ill person.
  • Up to $10,000 each financial year.
  • Yinhawangka Supporter’s Allowance Access Form; and
  • Official documentation from a health care professional confirming critical diagnosis/details of required treatment.
Note: Invoices or other 3rd party documentation may be required.
MEDICAL PATIENTS
Provides each registered beneficiary with funds to assist with costs associated with diagnosis of a critical medical condition.Funds will be available to assist with treatments, medicines, prescriptions, travel, accommodation and other costs associated with the condition and treatment.
  • Up to $10,000 each financial year per beneficiary.
  • Yinhawangka Critical Care Access Form; and
  • Official documentation from a health care professional confirming critical diagnosis/details of required treatment.
Note: Invoices or other 3rd party documentation may be required.
HOME PALLIATIVE FRAIL DISABLED FUND
Provides each registered beneficiary with funds to assist with palliative care and associated costs in their own home.
  • Up to $10,000 each financial year per beneficiary.
  • Yinhawangka Home Palliative Care Form; and
  • Official documentation from a health care professional confirming the diagnosis; and
  • A breakdown for what the payment is required for (e.g. hospital beds, customised vehicle modification etc).
UTILITIES AND ESSENTIAL SERVICES
Provides each registered beneficiary with funds to assist in the payment of utilities (e.g. electricity, gas and water).
  • Up to $4,000 each financial year per beneficiary at the rate of $2,000 every 6 months
  • Yinhawangka Utilities and Essential Services Application Form; and
  • Relevant documentation (invoices/receipts).
Note: Reimbursement to beneficiaries will be based on production of bills – NOT payment to suppliers.
GENERAL EDUCATION
Provides each registered beneficiary with funds to assist with costs of educational supplies and activities for children – includes IT supplies, computers, books, uniforms, sport, music and other resources.
  • Up to $4,000 each financial year per beneficiary.
  • Maximum of $1,000 per dependant.
  • Maximum of 4 dependants.
  • Yinhawangka General Education Application Form; and
  • Relevant documentation (invoices/quotes).
Note: Payment will be made directly to suppliers.
SPECIAL EDUCATION ASSISTANCE
Provides special funding for children with special needs (eg autism, ADHD, etc).
  • There is no cap on this policy, however it was felt most applications would be less than $10,000.
  • Yinhawangka Special Education Needs Application Form; and
  • Relevant documentation (invoices/quotes).
Note: Applications will be considered on a case by case basis.Note:  Payment will be made directly to suppliers.

 

Private Health Insurance $5,000 per annum, for beneficiaries and their dependents (including spouse).
Payment to supplier or against invoice/proof of payment. 

 

Companion Animals Companion animals, particularly dogs, are an essential part of lore and culture.
Costs to be covered are shire registration, veterinary costs, boarding kennels.The animals must be registered in the beneficiary’s name with the shire.
Payment to suppliers up to $750, plus cash payment to beneficiary up to $250.
Air Conditioner Installation For the Installation,  replacement or repair of air conditioner unit (preferably a reverse cycle, inverter, fixed, split system)$5,000 once-off per beneficiary.  Payment only to supplier or reimburse against invoices.
Reimburse costs since 1 July 2013 if already installed.

Beneficiary must be the owner or leasee of the property. Could be multiple claims if multiple beneficiaries are the owners (name on property title) or tenants on the lease.

Preventative Health $1,000 for the cost of preventative medical issues including gym membership, exercise equipment, sports club memberships, etc.Payment only to suppliers or reimbursement of invoices.
Financial Planning, Accounting & Tax Preparation To assist beneficiaries with the preparation of a financial plan (not the current Personal Plan) by a qualified financial planner (ASIC licenced), including ongoing cash flow and wealth management services.  Also covers accounting and tax return preparation.-          Limit to be $3,500 per annum, based on a financial year, however only $1,000 may be used towards
accounting/tax return preparation

–          Payment to supplier upon completion of plan, tax return, or accounting work