In July 2014, DEPI formally acknowledged that, due to the historic nature of trusts, its oversight and management has not kept up with accepted contemporary standards. For this approach to be viable, it would need to be based on two preconditions: This increase in capacity should also include additional meetings of the trust.
DEPI provided effective oversight of the trust's management of the reserve.

Under the Crown grant, 15 trustees are appointed by the Governor in Council to manage the reserve—six each representing government and the Melbourne Racing Club (MRC) and three representing Glen Eira City Council. East Caulfield Reserve Playground, Dudley Street, Caulfield East Not the most restful location in Melbourne being located next to Dandenong Road. These two legal instruments identify the powers and obligations of the trustees and when they need to engage with the Minister for Environment and Climate Change and/or the Governor in making management decisions relating to this piece of Crown land. The trust should be given the opportunity to introduce these.

monitor conformity with relevant legal requirements and policies, and facilitate reporting of the agency's performance to the minister. In addition, there has been no follow-up with the trust on progress to update the regulations to reflect changes such as new land uses at the reserve, despite the fact that the trust committed to a complete review of regulations in October 2010. See the intended content <a data-cke-saved-href="https://www.youtube.com/embed/eonjClb1q3w?rel=0&feature=player_detailpage" href="https://www.youtube.com/embed/eonjClb1q3w?rel=0&feature=player_detailpage">here</a>. Consequently, none of the elements that constitute an effective governance framework are in place. Neither DEPI nor the trust has addressed this.

In addition to progressive engagement during the course of the audit, in accordance with section 16(3) of the Audit Act 1994 a copy of this report, or part of this report, was provided to the Department of Environment and Primary Industries and the Caulfield Racecourse Reserve Trust with a request for submissions or comments. DEPI could use this information to determine when oral or written follow-up is required. concerns regularly raised by Glen Eira City Council and residents over accessing and using the reserve and the suitability of current management arrangements.
However, it is not clear that the needs of the community have been appropriately balanced against the needs of racing. As noted previously in this report, the lack of a governance framework has impeded the trust's ability to perform its role as a Crown land manager effectively and led to an inability to make decisions in the interests of all key stakeholders.

In particular, this should include: The trust should also conduct a regular condition audit of the reserve to inform priority setting for maintenance activities.

Better parks in the area but for a small space it is good space. DEPI should take better advantage of information contained in these documents. clarifying what reporting requirements should be put in place. Hotels near Monash University Museum of Art, Points of Interest & Landmarks in Caulfield. Centre of Caulfield Racecourse Reserve looking towards the grandstand. Both the FMA and PAA have been applied to the Melbourne and Olympic Parks Trust through its enabling legislation. The legal advice informing the policy at the time conceded that a policy specifically for declaration of pecuniary interests was the only option likely to be agreed to by the trustees.

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