Chairman's Report

Dear Member,
It is with pleasure that I present the annual report for the financial year ending 30 June, 2011. In this report you will find key information of the operations of the Fund including highlights of major achievements. These include strong results in a net surplus of $242.6 million and asset write-back at an early stage of the Investment rehabilitation program. Whilst the Fund recognizes the urgency to complete the Reforms as scheduled, the need for members to understand the basis and implications of the reform has always been a priority to ensure it is done right the first time.