###### Quantifiable contingent liabilities as at 30 June

($ thousand)
2019
Legal disputes	1,087
Insurance claims	801
Mining site rehabilitation bonds	29,763
Total contingent liabilities	31,651

##### Non-quantifiable contingent liabilities

From time to time DJPR enters into arrangements with other parties to compensate them for losses they might incur as a result of transactions they enter into. The arrangements are evaluated to establish whether they represent onerous contracts, contingent liabilities or whether they are executory in nature. There are a number of litigation matters underway at balance date, the details of which are not disclosed in order not to prejudice the cases. Contingent liabilities are not secured over any of the assets of DJPR.

##### Non-quantifiable contingent liabilities – joint arrangements

###### Royal Melbourne Showgrounds

Under the State Support Deed – Core Land, the State has undertaken to ensure the performance of the payment obligations in favour of the Concessionaire and the performance of the joint operation financial obligations in favour of the security trustee. Under the State’s commitment to Royal Agricultural Society of Victoria (RASV), the State has agreed to support certain obligations of RASV that may arise out of the joint operation agreement. In accordance with the terms set out in the state commitment to RASV, the State will pay (in the form of a loan), the amount requested by RASV. If any outstanding loan amount remains unpaid at the date which is 25 years after the commencement of the operation term under the Development and Operation Agreement, RASV will be obliged to satisfy and discharge each such outstanding loan amount. This may take the form of a transfer to the State, of the whole of the RASV participating interest in the joint operation. The State has also entered into an agreement through the State Support Deed – Non-Core Land with Showgrounds Retail Developments Pty Ltd and the RASV whereby the State agrees to support certain payment obligations of RASV that may arise under the Non-Core Development Agreement.

###### Biosciences Research Centre (AgriBio Project)

The service fee payment obligations of Biosciences Research Centre Pty Ltd (on behalf of the joint operation participants) are supported by the State of Victoria via a State Support Deed. Under this Deed, the State ensures that the joint operation participants have (severally) the financial capacity to meet their payment obligations to the company, thereby enabling the company to meet its obligations to pay the service fee to the Concessionaire pursuant to the Project Agreement. The State underwrites the risk of any default by the Biosciences Research Centre Pty Ltd.

###### Non-quantifiable contingent liabilities – other Compulsory acquisition of land

Following a Supreme Court ruling in November 2018, the plaintiff has lodged an appeal against the decision. It is anticipated that the case will be heard in the Court of Appeal in the 2019–20 financial year. The quantum of damages in the event the appeal is successful is not quantifiable at this time.

#### 8.3 Fair value determination

This section sets out information on how DJPR determined fair value for financial reporting purposes. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

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DJPR Annual Report 2018–19