132 132 The Australian Sports Foundation The Australian Sports Foundation Ltd (ASF) was established in 1986 to raise funds for the development of sport in Australia. The ASF is a Commonwealth Company governed by the PGPA Act and is not a subsidiary of the ASC. Section 48(a) of the ASC Act requires that the ASC’s annual report must specify the financial transactions and the state of affairs of the ASF. In 2016–17 the ASF has prepared and published an Annual Report in line with PGPA Act requirements. Details of the ASF operations and a range of financial and performance information can be found in the Foundation’s Annual Report and have subsequently not been reproduced here. For copies of the ASF Annual Report, please refer to the foundation’s website asf.org.au or contact the distributions officer: Australian Sports Foundation Leverrier St Bruce ACT 2617 PO Box 176 BELCONNEN ACT 2616 Tel: (02) 6214 7868 Email: info@asf.org.au AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 2016–17 AUSTRALIAN SPORTS FOUNDATION