General Practice Registrars Australia Ltd

Annual report 2011–2012 With you on your journey The future of general practice

Our visionGPRA is the peak voice for the next

generation of general practitioners.

We improve the healthcare of all

Australians through excellence in education and training and ensure

that general practice is the medical

specialty of choice.

Contents2 Chair report

4 Chief Executive Officer report

5 Board of Directors

6 Human resources report

8 Organisational chart 2011–2012

9 General Practice Registrars Australia

12 Going Places Network

15 General Practice Students Network

18 Corporate governance report

19 Nominations and remunerations report

20 Directors’ declaration

21 Finance report

22 Independant auditor’s report

23 Statement of cash flow

24 Balance sheet

25 Profit and loss statement

26 General notes to the financial statements

Chair report

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Edward VergaraGPRA Chair

General Practice Registrars Australia (GPRA) certainly does not believe in resting on its laurels. It has been a year of appraisal and consolidation after a couple of years of dynamic growth. Significant work has gone into policy development, governance and organisational improvements. Corporate restructuring to provide better service delivery to our key projects has been done with minimal interruptions to daily functions. The effectiveness of this change process is a testament to the hard work, flexibility and good will of our management team.

GPRA continues to achieve key indicators marked in our Strategic plan 2011-2014. Performance improvements have been made across all of our programs. Of note was the success of the 2012 Breathing New Life in general practice (BNL) conference, which was marked by substantial medical media coverage and the successful use of social media.

GPRA remains the fastest growing medical organisation in the country with ongoing increase in membership numbers. At last count memberships had reached 4,064 GP registrars and recent fellows, 2,350 junior doctors and 8,444 medical students. The increased numbers reflect the strength and relevance of the organisation in advocacy, policy development and project delivery.

The growth of the company had prompted the need to review the GPRA Constitution and this was tackled this year. It is hoped that these changes would see the organisation mature in its ongoing growth and development.

Substantial work by GPRA subcommittees are producing significant outcomes seen in the launch of the General Practice Registrar Medical Educator Network (GPRMEN), completion and release of the Safe Working Hours Statement of Principles and Discussion Paper and the In Practice Teaching Resource. GPRA remains firm in its belief that key stakeholder engagement and input into these projects will ensure applicability in the current GP training landscape.

GPRA has maintained strong links and provided considerable input into multiple stakeholder groups this year. This includes contribution to industry-wide issues tackled by United General Practice Australia, Rural Doctors Association of Australia,the Royal Australian College of General Practice and the Australian College of Rural and Remote Medicine.

The National E-Health Transition Authority (NEHTA) rolled out the Personally Controlled E-Health Records and GPRA continues to provide input into this and other NEHTA developments.

GPRA successfully launched a national campaign this year highlighting the impressive impact made by GPs in our communities. “i heart my GP” in conjunction with World Family Doctor Day celebrated the important ways GPs contribute to healthcare systems around the world.

We thank our funders, General Practice Education and Training and the Department of Health and Ageing for their ongoing funding, which has enabled us to maintain the strong support we provide to our members.

Our sponsors have shown ongoing loyalty to GPRA even in the current economic climate. We thank each of them

for their generosity, which has allowed us to provide meaningful services and benefits for GP learners at

all levels. We look forward to working with our existing sponsors and launching new sponsors in the coming year.

I would also like to express my sincere gratitude to my fellow board members for their wisdom, advice, dedication and

support. I have appreciated the energy, enthusiasm and generosity with time they have shown.

We welcomed a number of board directors this year. Dr Holly Deer and Dr Anne Kleinitz come with a wealth of knowledge

and experience coming directly from the Advisory Council. Dr Clark Maul joins the board as a

prevocational doctor with previous legal qualifications.

We also say thank you and goodbye to Dr Emily Farrell who completes her term as director in September this year and acknowledge the invaluable contributions she has made to the company.

I would like to acknowledge the passion, dedication and sheer hard work shown by the team of the Advisory

Council, GPSN executive and ambassadors, Going Places Network ambassadors and Registrar Liaison Officers (RLOs). We are grateful for these people who ensure general practice remains the specialty of choice in medicine.

Finally, on behalf of the Board I would like to pay tribute to the staff of GPRA, for their commitment and exceptional work. Their efforts have been integral to the ongoing success of GPRA. You have all provided inspiration to all of our members.

It is an exciting time to be involved with GPRA. With the continuing appraisal and consolidation, now is the time we can ensure that the company continues to be innovative and relevant in the GP landscape. GPRA has set itself up for another big year and I am excited to see the future achievements of this passionate and dedicated company.

Edward Vergara – GPRA Chair

Strategic direction

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With you on your journey…GPRA is committed to supporting the next generation of general practitioners. The GPRA Board has articulated a clear vision and objectives to support our members on their general practice journey — from when they start medical school, throughout their hospital internship and registrar training, and finally when they transition into becoming independent GPs.

The following five objectives form the core of the 2011–2014 strategic plan and ensure that GPRA remains focused on delivering value to our members, stakeholders and the sector.

1. Be the voice for future general practitioners

GPRA will raise and respond to general practice advocacy matters so members see us as the best representative organisation on general practice health policy and training issues. In doing so we will work collaboratively with our stakeholders to deliver grassroot solutions and nurture future medical leaders.

2. Develop general practice as the medical specialty of choice

By continuing to build on our position as the national platform that promotes the specialty of general practice, GPRA will achieve the over arching vision of meeting Australia’s workforce needs and improving the health of Australians.

3. Ensure excellence in general practice education and training

By ensuring that education and training is delivered in a fair and effective way with a strong emphasis on quality, GPRA will help the next generation of GPs carry out their services confidently and safely in all communities throughout Australia.

4. Ensure members have sustainable and fulfilling careers in general practice

GPRA promotes the concept of ‘wellbeing’ across the whole spectrum of education and information — clinical, physical, mental, social and financial — to help our members achieve their full potential throughout their general practice career.

5. Have sound governance and follow best business practises

Through our commitment to good corporate governance and effective operational management, GPRA aims to build on our organisational capability to ensure we remain an ethical and sustainable organisation that is dedicated to supporting the next generation of GPs.

Amit VohraGPRA CEO

Milestones1 August 2011 – GPSN launches an innovative new website.

2 September 2011 – sixth issue of Going Places magazine distributed to over 8,000 junior doctors.

3 September 2011 – data match confirms that 25% of 2012 AGTP applicants are members of the Going Places Network and GPSN.

4 October 2011 & April 2012 – 603 registrars access Surviving (and passing) the OSCE exam preparation webinars.

5 November 2011 – 401 registrars attend the inaugural online Future Series webinars.

6 January 2012 – the annual guides; Explorer, Going Places and Aspire are distributed.

7 February 2012 – Going Places Network appoints its first GP ambassador in Darwin, bring the total number of GP ambassadors to 44.

8 March 2012 – the Rural Registrars subcommittee is formed to deal with rural registrars’ issues.

9 March 2012 – sixth anniversary of the Breathing New Life into general practice (BNL) conference.

10 March 2012 – updated edition of More than Money: A negotiation guide for GP registrars distributed to over 1000 registrars.

11 May 2012 – 102 First Wave Scholarships are awarded.

12 June 2012 – GPRA membership reaches over 14,000 members.

General Practice Registrars Australia (GPRA) continues to focus its energy on ensuring that it is the voice for the next generation of GPs. Following five years of continuous growth, the focus for this year was to consolidate and re-calibrate the corporate strategy and service delivery to members.

Building and enhancing access and interaction across the range of medical students, prevocational doctors and registrars has been a key focus and overall membership of GPRA has now reached over 14,000. With this, GPRA has retained its position as the fastest growing medical organisation in the country for the fifth year running. GPRA has matched this growth with significant investment in IT infrastructure across websites, member databases and other communication channels.

The last four years efforts in creating a strong, vertically integrated structure across medical students, prevocational doctors and registrars has finally started to bear fruit with over 25% of AGPT applicants in 2012 coming from our membership. This is a strong endorsement of our targeted activities with students and junior doctors to encourage uptake into general practice.

Industrial relations issues, such as national minimum terms and conditions, billings and payments, and registrar placements, have come to the forefront in the last 12 months. GPRA has worked with members to provide feedback on these issues and advocate on their behalf. In particular there has been an increasing focus on retaining quality within the training program. GPRA has been instrumental in progressing issues related to protected teaching time for registrars, quality of teaching and training, fatigue management and other related agendas with stakeholder organisations and the Department of Health and Ageing.

GPRA continues to increase its profile in the medical media and amongst key stakeholders. The Breathing New Life into general practice conference held at parliament house, Canberra in March 2012 continues to be ` an important communication platform with key stakeholders and the federal government. Supported by the Hon. Tanya Plibersek, Minister for Health, the Department of Health and Ageing and GPET, this conference continues to grow in popularity and is the only one of its kind to bring together registrars, prevocational doctors and medical students with current industry leaders to discuss issues facing general practice.

This year has also seen significant investment in improving governance and operational elements within the organisation as we remain committed to a culture of continuous improvement. With an adjustment to our corporate strategy to focus more on program delivery, a HR restructure to improve synergies and key staff appointments GPRA is well positioned to welcome a new phase of targeted growth and enhanced service delivery to our members.

As GPRA continues to grow and build on these initiatives, we have fashioned a vertical integration strategy that will cement our activities across medical students, prevocational doctors and registrars into the future. In particular GPRA will focus on providing members with support and access to additional services through education, industry-specific research, scholarships and access to professional and personal development resources.

In the end – above all – this has been year of extraordinary teamwork and passion across Board, management, GPSN ambassadors, GPN ambassadors in the hospital system and the RLO network. Ultimately this strong teamwork and passion continues to underpin GPRA’s current and future direction.

Amit Vohra – GPRA Chief Executive Officer

Chief Executive Officer report

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Dr Edward Vergara - Chair

Ed works at Westcare Medical Centre in Melton, Victoria. He has a strong interest in and history of advocacy, with a deep commitment to registrar issues. He brings a wealth of experience in corporate governance through his ongoing role as board director and member of the Finance, Audit and Risk Management Subcommittee at VMA, as well as completion of courses through the Australian Institute of Company Directors

Dr Holly Deer - Vice Chair

Holly is a senior GP registrar in the mid-north of South Australia. She has completed a Diploma in Palliative Medicine and is working towards dual training for fellowships of RACGP and ACRRM. Holly is passionate about general practice training and the future of the profession, as well as workforce and rural health issues.

Dr Emily Farrell

Emily has an interest in women’s health and she works at Family Planning QLD in Brisbane. During her registrarship she took up opportunities such as the Registrar Research and Development Officer (RRADO) with GPET in 2009 and an academic post at Bond University in 2010. Emily fulfilled the role of interim chair of GPRA during the process of board restructuring in late 2011.

Dr Anne Kleinitz

Based in Darwin, Anne works clinically and as a Lecturer for the Flinder’s University NT Medical Program. She has worked in rural and remote indigenous communities, as well as humanitarian work abroad. She is passionate about medical education and is doing an Academic Post looking at GP registrar attitudes towards teaching medical students.

Dr Clark Maul

Dr Clark Maul is a junior doctor at Sir Charles Gairdner Hospital and Joonalup Health Campus in Perth. Before entering medical school, Clark was a barrister/solicitor in a large commercial law firm. He brings a unique perspective with his considerable knowledge of corporate and commercial law. Clark is also a Going Places Network GP Ambassador.

Dr Bennie Ng

Bennie is the Deputy Director of Medical Services at Peter MacCallum Cancer Centre in Melbourne. After several years of clinical practice, he has been working in executive roles in Australia and abroad across primary care, hospital and government sectors, including adviser to a former federal minister of Health and Ageing.

Dr Piotr (Peter) Swierkowski

Piotr is the Executive Director of Medical Services at the Sunshine Coast Hospital and Health Network in Queensland. He provides professional leadership to over 500 medial staff. Piotr is a fellow of the Royal Australasian College of Medical Administrators as well as the Royal Australian College of General Practitioners, and a Graduate Member of the Australian Institute of Company Directors.

Dr Mary Wyatt

Mary is a junior doctor at Fremantle Hospital. At medical school Mary fulfilled the positions of a GPSN Student Ambassador and of the GPSN National Secretary. During her Intern year she also was a Going Places Ambassador. She is interested in fostering interaction of the GP pathway between students, prevocational doctors and GP registrars.

Board of Directors

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Human resources report

During the first half of 2012 GPRA undertook a review and restructure. The results of this restructure are detailed on the organisational chart on page 8.

Chief Executive Officer (CEO) Amit Vohra

In consultation with the GPRA Board the CEO sets the vision, strategy and values for GPRA. Amit has overall responsibility for operations, financing, marketing, strategy and human resources. The CEO creates company culture, and ensures compliance with ASIC and liaison with the board and the general practice sector.

General Manager: Education and Training Margo Field

Margo is responsible for the overall management of GPRA’s key operational areas of: Registrar Services and the Corporate Services (accounts, human resources and general administration). The position includes leading new registrar program acquisition and development including its initial implementation. Margo is a member of the Executive (with the CEO and GM M & C) thus providing overall management to GPRA.

General Manager: Marketing and Communications Sally Kincaid

This newly created position is responsible for overall management of many of GPRA’s key strategic alliances and operational areas including GPSN, First Wave Scholarships, Going Places Network, and communications and publications. The position also oversees GPRA’s external communications, PR and media relations and stakeholder communications strategies. In addition, Sally is tasked with managing and growing the business and partnership development portfolio of GPRA. The GM Marketing and Communications is a member of the Executive team (with the CEO and GM E&T), thus providing overall management to GPRA.

Senior Manager: GP First Program Renata Schindler

Renata is responsible for the national management of the GP First Program . This includes the General Practice Student Network (GPSN) and First Wave Scholarship Program, and the Going Places Network. She is also responsible for exploration and development of new benefits for members.

Program Manager: Going Places Network & Vic/Tas Operations Emily Fox

This position is responsible for the national roll out of the Going Places Network program and involves overseeing a team of three Regional Project Coordinators and over 44 GP ambassadors in 42 hospitals across Australia. Emily is also responsible for managing the key stakeholder relationships associated with this program.

Program Manager: GPSN and First Wave Alex de Vos

This position manages the national roll out of the General Practice Students Network (GPSN) and the First Wave Scholarship Program. Alex also provides the secretariat support for the GPSN national executive and 21 student clubs around Australia.

Policy and Evaluation Coordinator: Cameron Adams

Cameron assists GPRA with its policy by working with the GPRA Board and Advisory Council, sub committee management and meeting coordination and list server management. He is also responsible for undertaking evaluation activities and reporting for the GP First Program and other programs within GPRA, and overseeing the completion of externally sourced research projects such as the Dr Wyse Project.

Graphic Designer: Peter Fitzgerald

Peter is responsible for the design of a range of materials that support GPRA’s operations, including magazines, guides, posters, leaflets, flyers, packs and online materials. Peter also manages the brand guidelines for GPRA, the Going Places Network and GPSN.

Accountant and HR Officer: Rebecca Qi

Rebecca manages the accounts functions for GPRA, including receivables and payable, payroll and staff leave records. She is responsible for all governance requirements with the ATO and ASIC. Rebecca also assists with human resource functions.

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Registrar Services Coordinator: Nicole Bonne

Nicole has moved from the Going Places Network to the coordinator role in the Registrar Services team. Her focus is to assist with implementing improvements to registrar services and provide support via email, webinar, phone and face-to-face. She will also provide team leadership regarding e-news, registrar publications and RLOs.

Sponsorship and Events Coordinator: Natalia Cikorska

Natalia is responsible for the implementation of sponsorship and marketing initiatives, including event and exhibition coordination and management, event promotion, organisational support and communication and implementing and reporting on sponsorship agreements.

Queensland Coordinator Going Places Network: Tracey Handley

This role is responsible for working with GP ambassadors to roll out the Going Places Network program within Queensland. Tracey also manages key stakeholders in Queensland that are associated with this program.

New South Wales Coordinator Going Places: Susan Morrison

This role is responsible for working with GP ambassadors to roll out the Going Places Network program within New South Wales. Susan also manages key stakeholders in New South Wales that are associated with this program.

South Australian Coordinator Going Places: Louise Comey

This role is responsible for working with GP ambassadors to roll out the Going Places Network program within South Australia. Louise is also responsible for managing key stakeholders in South Australia in relation to this program.

Administration Officer: Membership Development Allisha Hiscock

Allisha provides administrative support to GPSN, First Wave and Going Places Network and also assists with database management.

Registrar Services and Corporate Services Officer : Josh Steele

Josh is responsible for providing administrative support to the Registrar Services area and to the Executive team and Board, including assisting with registrar queries, webinars and meetings, and Board related administration and management.

Coordinator Indigenous GP Registrar Network (IGPRN): Currently vacant

This position assists in coordinating the IGPRN Registrar Services in partnership with the Network Chair with an aim to meet the key performance milestones of the Network. This includes advocacy and policy development in support of the Chair ; undertaking organisational tasks to support the Network; providing oversight and support and professional development to indigenous registrars; managing professional development meetings, and developing and disseminating registrar resources.

Corporate Services Officer: Ellyn Burley

This position is responsible for providing broad-based office support and is also the chief point of contact for contractors, and general reception duties, including phone, mail and courier management, purchasing stationery and supplies.

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Organisational chart 2011–2012

GeneralManager

Marketing and Communications

Sally Kincaid

GraphicDesigner

PeterFitzgerald

CommunicationsCoordinator

SabehaMohamed

SeniorManagerRenata

Schindler

ProgramManager GPN

Emily Fox

GPN RegionalCoordinator

SALouise Comey

GPN RegionalCoordinator

NSWSusan

Morrison

GPN RegionalCoordinator

QLDTracey

Handley

ProgramManager

GPSN and First WaveAlex de Vos

ProjectOfficer

GPSN and First Wave

AllishaHiscock

Policy andEvaluation

CoordinatorCameronAdams

AccountantRebecca Qi

RegistrarServices

Coordinator:Member

EngagementNicoleBonne

CorporateServices Officer

Ellyn Burley

Coordinator IGPRN

To be advisedRegistrar andCorporate Services Officer

Josh Steele

Events andSponsorshipCoordinator

NataliaCikorska

PublicationsCoordinatorTo be advised

GeneralManagerEducation

and TrainingMargo Field

ChiefExecutiveOfficer

Amit Vohra

GPN RegionalCoordinator

VIC/TASTo be advised

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General Practice Registrars Australia (GPRA) is the peak national representative body for GP registrars. We provide advocacy and support on registrar issues. GPRA is a not-for-profit organisation and a designated health charity, making it the only charitable organisation in Australia dedicated to supporting general practice registrars.

GPRA advocates on registrar issues to its members and stakeholders (including Regional Training Providers, Colleges, Government and peak health workforce bodies). Policy on registrar issues is developed via the Board and special interest subcommittees to ensure strong member based relevance. Important issues include promoting general practice as the medical specialty of choice and maintaining training standards for registrars.

GPRA also performs the function of the industrial body for GP registrars and negotiates the ‘National Minimum Terms and Conditions (NMTC) for Basic and Advanced GP Terms’ with the National GP Supervisors Association (NGPSA), which govern the minimum conditions of employment for registrars.

GPRA has continued to expand its member offerings over the past year, in keeping with its ethos of being ‘run by registrars for registrars’.

An updated edition of the very popular More than Money: A negotiation guide for GP registrars was printed in hard copy and distributed to RLO’s and training providers in March 2012. After receiving feedback from registrars, supervisors, and practices, the new edition includes tips from GP supervisors, a more succinct calculation for annual leave, and a contract template for GPT1 and GPT2 registrars. The guide is a go-to reference for registrars who are in the process of, or about to start negotiating their first employment contract. The section voted most popular by registrars is the ‘Your essential checklist’

In the past year, GPRA has continued to use webinars as the most successful way of connecting with members and this has received overwhelmingly positive feedback. Webinars allow participants to ‘chat’ throughout the sessions, answer questions and provide feedback.

The Surviving (and passing)the OSCE exam preparation webinars have been a huge success. These webinars were held in October 2011 and April 2012 in the months preceding the RACGP OSCE. In each of these 90-minute webinars, recent registrars shared their personal study hints and tips and took registrar attendees through three possible OSCE cases, giving insight on how they survived and passed the exam. This year 603 registrars logged in over eight webinars. 72% attendees said it was ‘very useful’ information and 28% reported is as ‘useful’ information. Feedback included requests for assistance with written exams, ‘more cases’, and many ‘thanks’.

General Practice Registrars Australia

4,064 GPRA members (registrars and recently fellowed GPs)

603 registrars attended the 2011 Surviving (and passing) the OSCE exam preparation webinars —an increase in attendance of 202% from the 2010 webinar series

200 phone calls received and followed up through the GPRA Assist phone line across Australia

401 registrars attended Future Series 2011

The future of general practice

10

General Practice Registrars Australia continued …

The success of the webinars has been attributed to the relevance of the sessions, which are set up and presented by registrars who have sat and passed the exam. Thanks go to Dr Aileen Traves (QLD), Dr Allison Turnock (TAS), Dr Jason Pak (VIC), Dr Heather Brand (WA), Dr Alex Harris (WA) and Dr Ray Chan (NSW).

The first online Future Series was held in November 2011 and attracted 401 registrars attendees over 11 webinars. Webinars were mostly attended by GPT3+ registrars and were focused on the future of business in general practice. Webinars covered negotiations skills, the business side of GP contractors, GPs as practice owners, and GPs in partnerships. The feedback was again extremely positive with good suggestions for new topics for 2012 and high praise for the online format, current topics, and speakers.

The epicentre of the GPRA registrar network continues to be the Advisory Council made up of all Registrar Liaison Officers (RLOs) across Australia and other registrars. The Advisory Council meetings help RLOs share ideas, provide professional development with support from General Practice Education and Training (GPET). They also help keep RLOs in touch with other RLOs, with what is happening across the country and assists GPRA to respond quickly to registrar issues. GPRA holds four Advisory Council meetings each year — two face-to-face and two via web conferencing.

Subcommittees provide a structure for any registrar interested in advocacy to get involved in a team striving to create positive change.

The Safe Working Hours subcommittee released a discussion paper in June 2011, and the following stakeholder discussions led to the subcommittee changing its name to Fatigue Management. A re-authored discussion paper and statement of principles is now close to publication.

The Registrar Medical Educator subcommittee recently changed its title to the General Practice Registrar Medical Educator Network (GPRMEN), and continues to promote, support and nurture registrars interested in medical education.

A new sub committee – Rural Registrars – concerned with issues rural registrars encounter, was formed in March 2012. Their first action was to work with the Department of Health and Ageing to streamline rural incentive payments. This subcommittee largely replaced the ACRRM subcommittee, and has a far broader scope.

Another recently formed subcommittee is Aboriginal Medical Service Issues. This subcommittee seeks to collect more information from registrars working within these community controlled organisations in order to maximise their training experiences.

The International Medical Graduates subcommittee was formed to further support and advocate for medical graduates from other countries. Continuing subcommittees include in-practice teaching, practice allocation policy, and RLO issues.

From July 2011 – June 2012 the GPRA Assist phone line received almost 200 unique calls – many from practice managers on behalf of their registrars. This number does not include the follow up calls, emails, and meetings to resolve each of these issues. The most common questions raised were about the NMTC surrounding payments, annual leave, educational release, requests for the employment contract and questions about payments for GPT3+ registrars not covered by the NMTC.

In most cases, GPRA will alert the relevant RLO after receiving permission from the caller. GPRA then works with the RLO to resolve the issues the caller may have raised, Some issues started as a query and were resolved through involvement by a subcommittee because they were a common issue – ie. RRIPS payments.

The BNL conference, held in March 2011, was an outstanding success. There was an excellent turnout of about 200 people from all stakeholder groups, funders, sponsors, industry leaders, as well as registrars, prevocational doctors and medical student delegates.

Looking ahead

GPRA is planning to re-develop its website to make it more member focused. It will include blogs and forums, providing registrars with new ways to interact with each other.

Every two years, the NMTC are revised. A series of negotiations with the NGPSA and the Australian Medical Association (AMA) will occur to ensure the NMTC is still relevant to supervisors, registrars, and the Australian law.

More than Money will again be revised to include new NMTC and other feedback from registrars and supervisors.

The Future Series webinars will be held again in 2013, and will cover the financial and business side of general practice and the options available after training.

GPRA will also focus its attention on supporting Aboriginal and Torres Strait Islander GP registrars through a specifically funded network. This network will meet in October 2012.

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“Thank you for hosting the webinar, and for all your time - it was very informative indeed.”Registrar participant in the Surviving (and passing) the OSCE exam preparation webinars 2011

“Thank you for such an informative and useful webinar series. I did not attend all of the webinars I would have liked to because of other commitments, so having access to the recordings is fantastic—much appreciated! I would definitely recommend this to other registrars, and possibly supervisors as well” Registrar participant in the Future Series 2011

“This was absolutely excellent and I really appreciated receiving the recordings for the webinars I was not able to attend. I thought the premium ticket was good value even though I was not able to attend all the webinars. I really enjoyed the Future Series and would certainly recommend it to others. I can’t wait for an invitation to buy a ticket next year!”Registrar participant in the Future Series 2011

“Thank you so much to GPRA for taking the time and effort to organise these extremely useful webinars”Registrar participant in the Future Series 2011

More than Money

Secure your win-win contract

2011

A NEGOTIATION GUIDE FOR GP REGISTRARS

12

Going Places Network

2,350 Going Places Network members

115% increase in membership in the past financial year

44 hospital –based GP Ambassadors across Australia

250 junior doctors attended Going Places Network events (not including promotional events)

Taking a fresh look atgeneral practice

Based on the successful peer-to-peer strategy used by the General Practice Students Network (GPSN), the Going Places Network promotes general practice as a specialty to interns and junior doctors.

The network recruits select hospital-based junior doctors, called ‘GP ambassadors’, who help run general practice focused social, networking and educational events across a selection of teaching hospitals.

With the help of these GP ambassadors, the network provides a friendly and supportive local community of junior doctors with a passion and enthusiasm for general practice.

Going Places Network is administered by GPRA and, along with the GPSN, is supported by a funding grant from General Practice Education and Training (GPET). Membership of the network is free.

Now into its third year, the Going Places Network has gained momentum and has a strong presence within teaching hospitals across Australia and in the junior doctor space.

The number of junior doctors joining the network since 30 June 2011 has increased by a huge 115% with the network’s membership now standing at over 2350 members and steadily growing. The focus for the coming year is to continue to expand the network while providing targeted support and information to junior doctors. Another key focus is to join forces with the GPSN to run some combined events to enhance the natural mentoring

synergies between students and junior doctors and also raise awareness of the Going Places Network to final year medical students.

There are now 44 GP ambassadors networking within 42 teaching hospitals throughout Australia representing a 65% presence in teaching hospitals. The Going Places Network also appointed the first GP ambassadors in Darwin Hospital, Northern Territory and Tamworth Hospital in New South Wales. All 44 GP ambassadors, along with help of Regional Training Providers (RTPs), have made great strides in boosting the profile of general practice as a career choice amongst junior doctors.

In the past year, GP ambassadors have held 155 promotional events in both rural and regional hospitals. These events are aimed at promoting the network and raising the profile of the GP ambassador as the general practice champion within their hospital. During this period the network also ran over 22 Going Places events in a variety of locations. Going Places events range from networking dinners to GP information sessions and educational events such as joint injection and otoscope skills workshops. These events form the core peer-to-peer marketing model. They give junior doctors an opportunity to network with other junior doctors interested in general practice and to hear from experienced GPs as guest speakers who often focus on a particular medical topic that GPs can specialise in. All events are free and are excellent networking opportunities for junior doctors.

As well as one-to-one contact with the Going Places Network team, GP ambassadors and RTPs, the network’s membership receives a range of supportive material.

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“I have been getting heaps of questions regarding the application (some not even from Westmead Hospital) and it’s actually been such a privilege helping people out and providing advice, going through some practice questions, pointing people in the right direction for preparation.”Dr Nicole Wilkinson GP Ambassador Westmead Hospital, NSW

“Just wanted to say thank you again for organising such a wonderful event last night... I have always known that I want to do O&G, but after finishing my O&G term, was not so sure anymore. However, I have now found the general practice path will allow me to do exactly what I want thanks to the information of last night. I could always see the house in the future, but not only found the driveway, but the door and doorknob to open up that house last night too!!!” A junior doctor who attended a general practice information event Queensland, April 2012.

Is GP for me?E V E N T

21 J u n e 2012

Explore the world of general practice

If you are a prevocational doctor and have ever thought

general practice could be the specialty choice for you, come

along to our FREE casual dinner evening with speakers, prizes

and the opportunity to network with like minded peers.

Dispel the myths and learn more about this exciting and

rewarding career path.

RSVP by Monday 18 June at

gpaustralia.org.au/content/events/general-practice-me

WHEN: Thursday 21 June 2012

WHERE: Russo’s Pizzeria, 61 Henry Lawson Drive, Peakhurst

TIME: 6.30pm

gpaustralia.org.auOnline support for junior doctors interested in general practice

GPRA010612249

Want to be a GP? Five things to do right now

Go places in your general practice careerFind out how much GPs earnAbout general practice training

Going Places2012Prevocational doctors guide to GP training

General Practice Registrars Australia (GPRA)

Level 4, 517 Flinders Lane, Melbourne Victoria 3001

Phone: 03 9629 8878

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Going Places Network continued …

The Going Places magazine, published three times a year, now has a circulation of more than 8,000. It showcases the diverse possibilities that a general practice career offers, particularly from a personal point of view, through interviews with a range of GPs.

Going Places — the prevocational doctors guide to GP training 2012 was produced for the third time and over 5,000 copies were distributed to junior doctors all over Australia. The guide is designed to help prevocational doctors to make informed choices around their future career direction and we continue to receive positive feedback about the guide from them.

Looking ahead

In late 2012 the Going Places Network will recruit a new group of passionate GP ambassadors to promote the general practice specialty to their peers for the year ahead. They will replace those ambassadors who are heading into practice as a registrar in 2013. The Going Places Network is striving for another year of impressive growth by continuing to run educational and networking events across the country with the support of stakeholders, and by remaining a relevant resource for junior doctors.

The focus for the coming year is to ensure the Going Places Network and General Practice Student Networks are integrated at some events to ensure there is a sharing of resources and natural vertical networking opportunities for students and junior doctors.

15

General Practice Students Network

8,444 GPSN student members

73 events run by GPSN clubs throughout Australia between 1 July 2011 and 30 June 2012

21 medical schools across Australia with a GPSN club

101 medical students who completed GPSN’s 2011-2012 First Wave Scholarship Program

General Practice Students Network (GPSN) is run by students for students and has members in every medical school in Australia. The network promotes general practice to students through networking events, career-focused sessions and clinical workshops.

The network was the first GPRA program to use the peer-to-peer marketing model. It has successfully implemented this model by appointing ‘ambassadors’ in 20 universities within the network. This year GPSN has recruited a club in the Northern Territory made up of James Cook University and Flinders University medical students, bringing the total number of clubs to 21. The ambassadors work with the GPSN team to network with fellow medical students and promote general practice to them.

As well as students, GPSN works closely with Regional Training Providers (RTPs) and other medical associations including the Australian Medical Students’ Association (AMSA) and the National Rural Health Students’ Network (NRHSN).

GPSN is administered by GPRA and, along with the Going Places Network, is supported by a funding grant from General Practice Education and Training (GPET).

The network’s membership has continued to grow since it was established in 2007. By 30 June 2012, membership had spiked to 8,444, an increase of 1,994 members from the previous year. Earlier this year, the network launched its first national membership drive which was a huge success.

Every club raffled off a Nintendo Wii during the university’s orientation week, and to enter the competition students were required to sign up to GPSN or update their current membership details. During this campaign, which ran over three months, GPSN clubs around the country recruited 1,000 new members. Students were also signed up to the network through events, online campaigns and having a presence at key student conferences.

Between 1 July 2011 and 30 June 2012, GPSN clubs ran a total of 73 events across Australia, with almost all universities focusing on at least one careers event during this period. Five universities have already achieved their targets for 2012 and have held a sign-up event, clinical skills event and a career-focused evening.

As well as providing opportunities for students to network with each other, the events provide important information for students considering a general practice career. Clinical workshops allow students to practice skills such as suturing under the guidance of a registered general practitioner. In a new direction for GPSN, several universities have joined forces to bring their student members larger, higher quality and more prestigious events.

The events are primarily organised and run by GPSN student ambassadors. In another huge achievement for the network, each club recruited their new ambassador before the start of the new year. Clubs held elections and recruited their new GPSN team, which comprises an ambassador, executive officer and secretary, in a transparent and timely fashion.

16

A range of support material was produced and distributed for these events including GPSN sign-up forms, Aspire guides, the second edition of the GP Companion, frisbees, notepads and pens.

The Aspire guide is a yearly publication aimed at assisting medical undergraduates in making informed decisions about their future training and career aspirations in relation to general practice. Close to 5,000 copies of Aspire —General Practice Students Network guide were distributed to GPSN clubs around the country this year.

As well as the Aspire Guide, GPSN members receive a monthly e-newsletter. This year GPSN introduced a variety of new segments following a survey conducted at the Breathing New Life Into general practice (BNL) conference and the annual GPSN council meeting in March.

The new segments included a recipe of the month, ambassador spotlight, and executive profile. GPSN Publications Officer, Claire Mohr interviewed ambassadors and executive officers to produce the new segments.

The new GPSN website (gpsn.org.au) which was launched in August 2011 has also raised the profile of the network and has proven to be a popular resource for medical students. Navigating through site there’s a variety of new features including events, blogs, a news feed and individual club pages. The concept behind the fresh new design was to make the site look and feel like it is part of the GPRA family without losing its identity. This unity was achieved by using a blend of styles and official colours — greens, blues and oranges. Students have hailed the new site “youthful and fun – just like GPSN”.

The website is the premier virtual hub to kick-start a medical career. It brings all 21 medical clubs together, provides a platform for networking and offers useful resources to support our members’ education. Throughout the year GPSN has increased its presence on social media platforms such as Facebook. The GPSN Facebook page was launched in August 2011 and it currently has 498 ‘likes’. The network uses the page to advertise campaigns and promote competitions.

Looking ahead

The GPSN team has a long-term goal of securing 10,000 members before 2013. The focus will remain on attracting quality members — students who have a real interest in general practice and who will potentially undertake the training program in the future.

GPSN is also investigating working closer with the Going Places Network and integrating the two programs through joint events and campaigns. The network is also working

towards an online event submission process which will streamline GPSN activities and assist with reporting.

First Wave

The First Wave Scholarship Program gives medical students in their first, second, third or fourth year a chance to experience general practice under the guidance of a dedicated GP supervisor. GPRA has managed the program since its pilot in 2008 and the program is supported by a funding grant from GPET.

In 2011-2012, 102 scholarships were awarded from 20 universities. The overwhelming majority of students indicated that the First Wave Scholarship program improved their understanding of the role of general practice in the long-term care of patients, and also within the broader healthcare system.

Top responses

• 98%ofrespondentsfelttheynowunderstood the continuity of care concept and 89% indicated they were exposed to the diverse range of medicine that can be practiced in general practice.

• 80%ofstudentsindicatedtheFirstWaveScholarshipprogram was either extremely useful or very useful in assisting them with their future career choice.

• 75%ofstudentsindicatedtheyarenowmorelikelytoconsider general practice as a career since completing the program.

What some students have said about the program:

“I thoroughly enjoyed my placements, allowing me to revisit material I learnt in my first year, and being able to ask about the clinical application of some of the material I learnt in my course,.”

“I really enjoyed observing my supervisor with her patients – I think she is a great doctor who really cared and put effort into her patients.”

General Practice Students Network continued …

17

“The network is a fantastic environment for meeting like-minded people and making connections with outstanding professionals. It provides students with great opportunities to experience general practice and to get their hands dirty in a clinically relevant way.GPSN Griffith has really strived this year to make its mark and has encouraged the working together of the universities for the benefit of students. We got a little carried with this and decided to bring together the three south east Queensland GPSN clubs for two massive symposium events. Additionally in 2012 we have tried to expand the opportunities that we offer our students with a focus on culture and wellbeing through our Coffeehouse event together with the GU Med Soc

(GUMS). I think our club provides its members with the knowledge of what a GP is and the chance to experience just how far it can take you.”Jen McAullife GPSN Ambassador , Griffith University

“GPSN’s clubs have grown to become the second largest medical student network in the country with more than 8000 members. First Wave has become a sought after scholarship program offering opportunities to explore clinical practice before formative clinical years and ahead of student peers. Finally GPSN offers opportunities to mix with interns, prevocational doctors, registrars and GP’s to better understand the future.” Chris Timms GPSN Chair

Want to be a GP? Five thin

gs to

do right now

General practice

career options

Meet your local

GPSN Ambassador

Find out how

much GPs earn

Going Places2012

Prevocational doctors guide to GP trainingAspire

General Practice Students Network guide2012

General Practice Registrars Australia (GPRA)

Level 4, 517 Flinders Lane, Melbourne Victoria 3001

Phone: 03 9629 8878

First Wave Companion

Academic Year 2011-2012

Student Guidelines & Clinical Session Logs

GPSN FirSt Wave SCholarShiP ProGram

ProgramInformation

Academic Year 2011-2012Information for Students and Educators

GPSN FIrSt Wave ScholarShIP ProGram

Corporate governance report

The Board has had a strong focus on enhanced governance and reporting arrangements in the last 12 months, consolidating on the previous year’s foundation work.

The cycle of evaluation, feedback and improvements was seen as an essential process and to this end the board has implemented a transparent performance review process for all directors and the CEO as we continue to set the highest standards for the organisation. This has been linked with board professional development to ensure reinforcement of vital skills.

The Board committee functions continue to be reviewed with essential adaptations made to ensure relevance to GPRA purpose. The scope of the Nominations and Remuneration Committee has been redefined and extensive activity in this committee has led to the development of policy and processes to support corporate governance.

The Board has also consolidated older committees to create the new Finance, Audit and Risk Management (FARM) Committee. A new internal audit system has been developed

and implemented, which will see quarterly internal audits conducted by the Board on all financial transactions.

There has been strong focus on maximising efficiency of board meetings and creating new policy documents that devolve authority to management within a clearly articulated framework. Key areas, such as delegation of authority, succession planning, and management performance indicators have been revisited and aligned to ensure best-practice governance.

GPRA’s Corporate Governance Charter continues to detail the foundations for the organisation’s corporate planning. This document will continue to be revised to ensure it provides a strong basis for a currently evolving company.

The GPRA Constitution with its last amendment in 2009 was also a focus for the Board. A committee has been set up to review the document to ensure it is current.

The number of meetings of directors (including meetings of committees of directors) held during the year and the number of meetings attended by each director is shown on the table below.

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Board meetings FARM Nominations & Remuneration

Number of meetings held 9 5 4

Attended Eligible Attended Eligible Attended Eligible

Holly Deer 7 7 3 3

Emily Farrell 9 9 1 1 4 4

Belinda Guest (outgoing member) 2 2 1 1 1 1

Anne Kleinitz 6 7 3 3

Clark Maul 7 7 4 4

Bennie Ng 8 9 1 2 1 2

Piotr Swierkowski 7 9 4 5

Allison Turnock (outgoing member) 5 7 2 3 1 2

Edward Vergara 5 6 2 3 2 2

Wicky Wong (previous Chair) 2 2 1 1

Mary Wyatt 8 9 2 2 4 4

Lana Prout (outgoing member) 1 1 1 1

Nominations and remuneration report

The Nominations and Remunerations Committee is an internal committee within the GPRA Board. The committee’s purpose is to provide recommendations to the Board on matters surrounding the nomination and remuneration of the directors and the Chief Executive Officer (CEO). Some of the key areas the committee has focused on in the last 12 months include:

Succession planning for the GPRA Board

The committee continues to monitor succession planning for the board. In the past 12 months the board has remained stable with only one director Dr Allison Turnock stepping down for personal reasons. Alison was an invaluable contributor in policy and governance. Following Allison’s resignation a review of the skills set of the Board by this committee was undertaken, and as a result this committee recommended to the board not to fill this position until the following AGM. This position has remained vacant for the past five months.

Succession planning for the GPRA CEO

In the past 12 months this committee has reviewed the CEO succession plan and has been working towards creating a comprehensive CEO succession planning document. This document is currently being finalised and it should be completed in the following months.

Co-option policy

The committee has recognised that the Board may need to co-opt directors to acquire certain business skills. An annual review of board skills identified areas of deficit; as a result Dr Benny Ng was co-opted for a further one-year term following the 2011 AGM.

Performance appraisal

Annual performance appraisal of all directors was undertaken with the Chair of the Board and Chair of Nomination and Remuneration Committee using previously developed template for director performance. The CEO was evaluated using a standardised template and feedback was given by directors, followed by a formal performance appraisal with the chair.

Remuneration review of CEO and the Board

The committee also reviewed the CEO’s remuneration following the formal appraisal. New key performance indicators were set for the next financial year.

The committee also conducted an annual review of board director remuneration. No changes were made to current remuneration rates for directors.

Professional development policy for the Board

The committee was tasked by the Board to develop a formal policy for professional development of board directors and the associated remuneration. This document was completed early in the year and has been utilised by directors to access professional development courses such as the Australian Company Directors Course.

Dr Mary-Therese Wyatt – Chair Nominations and Remunerations Committee

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Directors’ declarations

In the opinion of the directors of General Practice Registrars Australia Ltd (GPRA).

This statement has been made in accordance with a resolution of the directors.

a) the financial statements and the notes thereto are in accordance with the Corporations Act 2001 and comply with accounting standards,

b) the financial statements, and the notes thereto give a true and fair view of the company’s financial position as at 30 June 2012, and of the performance of the company for the year ended 30 June 2012, and

c) in the opinion of the directors, at the date of this declaration, there are reasonable grounds to believe that the company will be able to pay its debts as and when they become due and payable.

This statement has been made in accordance with a resolution of the directors.

Dr Edward Vergara GPRA Chair

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Finance report

2011-2012 was a year of consolidation and delivery. Following rapid growth in the funding base of over 500% during the previous 5 years, the focus this year was on enhancement of efficiencies and meeting deliverables of all programs. A systematic review of all corporate expenditure was commissioned to maximise synergies and identify savings efficiencies across all programs and support functions, including HR. The end-of-year result was a 5% underspend compared with the planned budget, whilst still delivering on all mandatory annual KPIs and targets. A small negative operating result is a reflection of a budgeted strategy that aims to not accumulate assets.

The revenue this year has remained steady and was largely linked to key contracts with the Department of Health and Ageing (DoHA) and General Practice Education & Training Ltd (GPET). These contracts account for approximately 70% of the revenue with the balance coming from sponsorships and advertising.

In early 2012 the Board made the strategic decision to focus on program based funding in the future, in favour of prioritising commercialisation. With this in mind, GPRA has realigned its corporate strategy and operations to focus on delivering programs, including within the area of education and training. With a recent HR and a positive equity position, GPRA remains in a strong position.

Dr Poitr Swierkowski – Chair, Finance and Risk Management Committee

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FY 2011-2012 FY 2010-2011 FY 2009-2010 FY 2008-2009 FY 2007-2008

Total income $2,786,179 $2,955,007 $1,851,678 $1,181,251 $933,401

Total expenses $2,946,524 $2,702,516 $1,834,793 $1,095,257 $848,446

Operating profit -$160,345 $252,491 $16,885 $85,993 $84,955

Total assets $668,048 $766,855 $515,026 $609,110 $438,140

Total liabilities $191,486 $129, 948 $130,094 $179,392 $91,923

Net assets $476,562 $636,907 $384,932 $429,717 $346,217

Independant auditor’s report

To: the members of General Practice Registrars Australia Ltd

Financial Reports and Members’ Responsibility

I have audited the financial reports of General Practice Registrars Australia Ltd for the financial year ending 30 June 2012. The members are responsible for preparing and maintaining adequate accounting records and internal controls that are designed to prevent fraud and error and for the accounting policies and accounting estimates inherent in the financial reports.

The members have determined that the organisation is a non-reporting entity and that the financial reports are special purpose financial reports, which do not require the application of all accounting standards in Australia or other particular financial reporting requirements. The members have determined that the accounting policies used are consistent with the organisation’s financial reporting requirements and are appropriate to meet the needs of the users of this report.

Audit approach

I conducted an independent audit of the completed financial reports in order to express an opinion to the members. My audit was conducted in accordance with the Australian Auditing Standards to provide reasonable assurance as to whether the financial reports are free of material misstatement. The nature of an audit is influenced by factors such as the use of professional judgement, selective testing, the inherent limitations of internal control and the availability of persuasive rather than conclusive evidence. Therefore an audit cannot guarantee that all misstatements have been detected.

I performed procedures to assess whether in all material respects the financial reports represent fairly, in compliance with Accounting Standards in Australia and other mandatory financial reporting requirements in Australia, a view which is consistent with my understanding of the organisation’s financial position and of it’s performance which is represented by the results of it’s operations.

I formed my opinion on the basis of these procedures, which included:

• examining on a test basis, information to provide evidence, supporting the amounts and disclosures in the financial reports,

• assessing the appropriateness of the accounting policies and disclosures used and the reasonableness of significant accounting estimates made by the members.

Whilst I considered the effectiveness of managements internal controls over financial reporting when determining the nature and extent of my procedures, my audit was not designed to provide assurance on internal controls. I performed procedures to assess whether the substance of business transactions were accurately reflected in the financial reports. These and our other procedures did not include consideration or judgement of the appropriateness or reasonableness of the business plans or strategies adopted by the members and management of the organisation.

Independence

I am independent of General Practice Registrars Australia Ltd and have met the independence requirements of the applicable Australian Professional Ethical Pronouncements and the Corporations Act 2001.

The audit opinion expressed in this independent audit report has been formed on the above basis.

Audit opinion

In my opinion, the financial reports:

a) give a true and fair view of the organisation’s financial position as at 30 June 2012 and of it’s performance for the period 1 July 2011 to 30 June 2012, which includes it’s cash flow for the respective period,

b) comply with Australian Accounting Concepts and applicable Accounting Standards

c) are in accordance with the Corporations Act 2001 and other mandatory professional reporting requirements.

Auditor Toni Livich NIA (124279) Lyra Livich & Associates 25 July 2012

22

Statement of cash flow

23

July 2011 through June 2012 July 2010 through June 2011 July 2009 through June 2010

Cash flow from operating activities

Net income ($160,345.09) $252,490.77 $16,885.60

Trade debtors $285,588.30 ($317,211.30) ($18,579.83)

AMEX credit card ($3,336.81) ($9,799.47) ($1,892.47)

Trade creditors $56,838.17 ($20,125.11) $19,625.11

GST collected ($5,338.09) $18,342.76 $33,525.51

GST paid $28,548.37 ($30,836.33) $(8,697.24)

Payroll accruals payable $18,975.86 ($8,008.53) $16,815.58

PAYG withholding payable ($12,408.00) ($1,147.58) $11,875.32

Provision for holiday leave ($2,128.73) $32,488.30

Provision for long service leave $11,700.00 $-

Payroll tax payable ($21,741.68) $21,741.68 $-

Retained earnings $- $(61,670.17)

Net cash flows from operating activities $186,781.03 ($65,382.90) $40,375.21

Cash flow from investing activities

Net cash flows from investing activities $- $- $-

Cash flow from financing activities

Net cash flows from financing activities $- $- $-

Net increase/decrease for the period $186,781.03 ($65,382.90) $40,375.71

Cash at the beginning of the period $369,652.15 $435,035.05 $394,659.06

Cash at the end of the period $556,433.18 $369,652.15 $435,035.05

Statement of cash flow

1. The net income figure is artificially low since a payment of $136,000 linked to the 2011-12 financial year was raised at the end of the previous financial year.

Balance sheet

Balance sheet

1. The trade debtor was significantly high in the previous financial year due to delay in processing of some contractual payments. This issue has been resolved with the funding bodies and steps taken to avoid similar delays in the future.24

As of June 2012 As of June 2011 As of June 2010

Assets

Current assests

Cash on hand

Grant account $221,913.49 $177,183.65 $70,629.34

Sponsors account $245,868.31 $135,426.34 $311,727.42

Portfolio account $11,476.87 $17,876.49 $13,059.03

NAB term deposit $20,000.00 $- $-

Members account $21,183.03 $9,105.24 $11,113.20

GPSN emerchant accounts $35,991.48 $30,060.63 $28,505.78

Trade debtors $111,615.00 $397,203.30 $79,992.00

Total current assests $668,048.18 $766,855.45 $515,026.77

Total assets $668,048.18 $766,855.45 $515,026.77

Liabilities

Current liabilities

Credit cards

AMEX corporate $5,724.42 $8,072.92 ($210.58)

AMEX old Chair $- ($420.63) ($527.66)

AMEX Chair $- $1,408.94 $-

Total credit cards $5,724.42 $9,061.23 ($738.24)

Trade creditors $56,838.17 $- $19,625.11

GST liabilities

GST collected $81,740.18 $87,078.27 $68,735.51

GST paid ($28,148.79) ($56,697.16) ($25,877.24)

Total GST liabilities $53,591.39 $30,381.11 $42,858.27

Payroll liabilities

Payroll accruals payable $27,782.91 $8,807.05 $16,815.58

PAYG withholding payable $5,490.02 $17,898.02 $19,045.32

Provision for holiday leave $30,359.57 $30,359.57 $32,488.30

Provision for long service leave $11,700.00 $11,700.00 $-

Payroll tax payable $- $21,741.68 $-

Total payroll liabilities $75,332.50 $90,506.32 $68,349.20

Total current liabilities $191,486.48 $129,948.66 $130,094.34

Total liabilities $191,486.48 $129,948.66 $130,094.34

Net assets $476,561.70 $636,906.79 $384,932.43

Equity

Retained earnings $636,906.79 $384,416.02 $368,046.83

Current year earnings -$160,345.09 $252,490.77 $16,885.60

Total equity $476,561.70 $636,906.79 $384,932.43

Profit and loss statement

25

July 2011 through June 2012 July 2010 through June 2011 July 2009 through June 2010

Income

GPRA core funding $181,818.18 $454,545.47 $318,181.83

GP First core funding $2,000,004.00 $1,899,996.00 $-

GPSN core funding $- $- $510,000.00

Going Places Network core funding $- $- $492,300.00

Sponsorship, advertising & events Inc $504,838.78 $484,723.87 $490,915.34

Donations & research $70,000.00 $80,000.00 $25,000.00

Reimbursements $9,301.82 $5,377.91 $-

Interest earned $20,216.68 $30,364.50 $9,281.67

Special projects $- $- $6,000.00

Total income $2,786,179.46 $2,955,007.75 $1,851,678.84

Cost of sales

Gross profit $2,786,179.46 $2,955,007.75 $1,851,678.84

Expenses

GPRA expenses $322,263.67 $269,277.02 $223,889.95

GP First general expenses $382,598.96 $391,673.42 $-

GP First operational expenses $774,824.01 $935,824.71 $-

GPSN expenses $- $- $521,989.07

Going Places Network expenses $- $283,407.40

Board expenses $49,652.67 $51,561.18 $27,717.65

Remuneration expenses $1,417,185.24 $1,050,947.84 $767,698.58

Special projects $- $3,232.81 $10,090.59

Total expenses $2,946,524.55 $2,702,516.98 $1,834,793.24

Operating profit -$160,345.09 $252,490.77 $16,885.60

Other income

Other expenses

Net profit / (loss) -$160,345.09 $252,490.77 $16,885.60

Profit and loss statement

1. GPRA Core funding for 2011-12 remains unchanged. The difference from last year is reflective of the fact that the first invoice (for $136,000) for this financial year was raised in the previous financial year.

2. The Sponsorship income includes pre-payment of $100,000 of non-reoccurring income for deliverables that related to the 2012-13 financial year.

3. The reduction of GP First operational expenses is primarily due to bringing outsourced elements in-house and corresponds to increases in remuneration expenses.

General notes to the financial statements

For the year ended 30 June 2012

Overview

GPRA is a not-for-profit organisation with all funds directed towards the achievement of our objectives as laid out in the company’s constitution.

Significant changes in state of affairs

There were no significant changes in the state of affairs of the company that occurred during the financial year that are not otherwise disclosed in this report or in the financial statements.

Performance in relation to environmental regulation

There was no environmental legislation applicable to the operations of the company that has not been complied with.

Likely developments and future results

The company anticipates that it will maintain a positive financial position in 2012/2013. The GP First Contract will be up for renewal at the end of the 2012/13 financial year which currently accounts for 65% of total revenue. New funding for a program has been negotiated at the time of preparation of this report. The total value of this new program is in the range of $200,000 per annum.

GPRA is continually updating, reviewing and improving its management and governance practices to ensure that the objectives of the company are met. With the inclusion of new projects there is significant scope for growth in the next financial year.

Dividends

The company is a not-for-profit organisation limited by guarantee and its constitution precludes the payment of dividends.

Events subsequent to balance date

No circumstances have arisen since the end of the year which have significantly affected or may significantly affect the operations, the results of those operations or the state of affairs of the company in future financial years.

Principal activities

The principal activities of GPRA throughout the year were aimed at supporting its members and promoting high standards of care in general practice for the benefit of the community. This was done through promoting general practice across all continuums in line with the company’s constitution. Specifically, the GP First program, which includes the General Practice Students Network, The Going Places Network and the First Wave Scholarship Program, is directly aimed at promoting General Practice as a preferred career choice to medical students and pre-vocational doctors. A new community based campaign was also launched to acknowledge the work done by all GPs around the country. A copy of the constitution is available from our website at gpra.org.au

Indemnification of Directors and officers

During the financial year, the company paid a premium in respect of a contract insuring the Directors of the company; the company secretary and all executive officers of the company and any related body corporate against a liability incurred as such a Director, secretary or executive officer to the extent permitted by the Corporations Act 2001. The contract of insurance prohibits the disclosure of the nature of the liability and the amount of the premium.

Proceedings on behalf of the company

No person has applied to the Court under section 237 of the Corporation’s Act 2001 for leave to bring proceedings on behalf of the company, or to intervene in any proceedings to which the company is a party, for the purpose of taking responsibility on behalf of the company for all or part of those proceedings. No proceedings have been brought or intervened in on behalf of the company with leave of the Court under section 237 of the Corporations Act 2001.

26

Summary of significant accounting policies

General Practice Registrars Australia Ltd. (GPRA) is a public company limited by guarantee and incorporated under the Corporation’s Act 2001. No shares have been issued. The limit of liability of each individual member is limited to $10. The Company is a not-for-profit charitable organisation. The objects for which the company is established are:

1. Promoting the prevention or the control of diseases in human beings;

2. Improving the healthcare of all Australians through excellence in education such as conducting workshops to promote professional development;

3. Promoting the profession of general practice in Australia;

4. Recognising and supporting the needs of general practice registrars in Australia; and

5. To do all such other things as are incidental or conducive to the attainment of the above objects.

Income tax

GPRA is endorsed as a Health Promotion Charity, and accesses the following tax concessions:

Tax Concession From

GST Concession 01 Jul 2005

FBT Exemption 01 Jul 2005

Income Tax Exemption 23 Feb 2004

Deductible Gift Recipient: 01 Jul 2005.

Statement of compliance

The finance report is a general-purpose financial report that has been prepared in accordance with the Corporation’s Act 2001 and Australian Accounting Standards. Australian Accounting Standards require a statement of compliance with International Financial Reporting Standards (IFRSs) to be made where the financial report complies with these standards. Some Australian equivalents to IFRSs and other Australian Accounting Standards contain requirements specific to not-for-profit entities that are inconsistent with IFRS requirements. GPRA is not-for-profit and has applied these requirements, so while this financial report complies with Australian Accounting Standards including Australian Equivalents to International Financial Reporting Standards (AEIFRSs) it cannot make this statement.

Basis of preparation

The financial report has been prepared on an accruals basis. GPRA does not have any significant fixed assets to impact on the accounting reports. The accounting policies set out below have been applied in preparing the financial statements for the year ended 30 June 2012.

Significant accounting judgements, estimates and assumptions

The Directors evaluate estimates and judgements included in the financial report based on the best available historic and current information. Estimates and accounting assumptions assume a reasonable understanding of future events based on current trends and economic data. There have been no significant judgements, estimates or assumptions applied in the preparation of these financial statements except where otherwise stated.

Changes in accounting policies

The accounting policies adopted in the preparation of this report are consistent with the previous year except where otherwise stated.

Goods and services tax

Revenues from ordinary activities, expenses from ordinary activities and assets are recognised net of the amount of Goods and Services Tax (GST), except where the amount of GST incurred is not recoverable from the Australian Taxation Office (ATO). In these circumstances the GST is recognised as part of the cost of acquisition of the asset or part of the item of the expenses from ordinary activities.

Basis of preparation of the financial statements

The statements have been prepared using the accruals basis for accounting.

1.1 Current assets

1.1.1 Cash on hand

Cash and cash equivalents comprise cash at bank and in hand, stated at nominal value. Individual debit cards for student clubs represent unspent cash available to individual clubs and have been included under current assets.

27

General notes to the financial statements continued …

1.1.2 Accounts receivable and withholding credits

Account receivables are recognised and carried at original invoice. No allowance has been made for doubtful debts since at the time of preparation of this report there was no reason to doubt successful recovery of these funds. Net amount of GST recoverable is included under withholding credits.

1.2 Impairment of assets

Assets are mainly cash or cash equivalents and are not liable for impairment.

1.3 Depreciation

Depreciation is calculated on a straight-line basis so as to write off the net cost of each item of property, plant and equipment over its expected useful life. Computer equipment and furniture has already been depreciated and is no longer recognised as an asset.

1.4 Fixed assets

GPRA does not own any fixed assets in relation to land and buildings. Fixed assets typically comprise of office equipment, computers and furniture. Depreciation is provided on a straight-line basis. Any accumulated depreciation at the date of revaluation is eliminated against the gross carrying amount of the asset and the net amount is restated to the remaining value of the asset. These items have already been depreciated to zero and hence do not appear on the statement.

1.5 Non-current assets

GPRA does not recognise any good will or any other forms of intangibles in the organisation’s accounting policies.

1.6 Current and non-current liabilities

Current liabilities represent trade creditors, superannuation payments and GST collected. GPRA does not have any borrowings or any other non-current liabilities.

1.7 Income and profit

The income includes revenue generated from operating activities, including sponsorship and advertising and specific project funding received from the Department of Health and Ageing (DoHA) and General Practice Education and Training (GPET). Cash flows from operating activities capture all types of income including special project funding.

1.8 Expenses

Expenses have been recorded separately based on contractual requirements and funding received for various programs.

1.9 Leases

Operating lease payments are expensed in the income statement as incurred.

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General Practice Registrars Australia LtdLevel 4, 517 Flinders LaneMelbourne, Victoria 3001

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