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There are currently thirteen Directors of the Foundation made up of ten who all reside in the local area including two Japanese Directors, and three Japanese Directors who reside in Japan.

A full meeting of all Directors takes place twice per year in April and October, with the AGM also held in April.

Australian Directors are:

  • Vicki Bastin-Byrne – Elected June 2010 – Iwasaki Foundation Chair
  • Simon Irwin – Elected October 2020 – Iwasaki Foundation Vice-Chair
  • Mr Neil Craig – Elected March 2001 – Treasurer, and Chair of the Finance Sub-committee
  • Hugh Grant – Elected November 1993 – Company Secretary and Public Officer
  • Desley Rial – Elected March 2006 – Grants Director
  • Lillian Lever – Elected June 2010 – Bursary Director
  • John Lindsay – Elected April 2021 – Vice-Chair of the Finance sub-committee.
  • Kathy Holmes – Elected February 2023

Japanese Directors based in Australia (Yeppoon) are:

  • Shusaku Arikawa – Elected April 2022
  • Shigeru Nakahira – Appointed November 2022

Japanese Directors based in Japan are:

  • Yoshitaro Iwasaki – CEO of Iwasaki Sangyo Company – Appointed November 1993
  • Takamitsu Iwasaki – Elected October 2011
  • Takeshi Mitani – Appointed January 2008




Mrs Vicki Bastin-Burne Foundation Chair

Retired Business owner and former Livingstone & Rockhampton Shire Councillor

Mr Simon Irwin Foundation Vice-Chair

Retired Media Manager, Current CEO Beef 2024 Rockhampton

Mr Yoshitaro Iwasaki 3rd Generation of the Founder Family

Foundation Director and CEO Iwasaki Sangyo Co. Pty Ltd

Mr Takamitsu Iwasaki 4th Generation of the Founder Family

Foundation Director and Vice President Iwasaki Sangyo Co. Pty Ltd

Mr Hugh Grant LL.B, OAM Company Secretary & Public Officer

Retired Solicitor

Mr Neil Craig Treasurer & Finance Sub-Committee Chair

Retired Financial Planner

Mrs Desley Rial OAM Grants Director

Retired business owner and former Livingstone Shire Councillor

Mrs Lillian Lever Bursary Director

Business Owner

Mr John Lindsay Finance Sub-Committee Vice-Chair

Retired Bank Manager

Ms Kathy Holmes Director

Senior Financial Advisor - Morgans Wholesale Services

Mr Shigeru Nakahira Senior Japanese Director and Owners Representative

Mr Shusaku Arikawa (Shu) Administration Iwasaki Sangyo Aust

Mr Takeshi (Ted) Mitani Foundation Director and Director of Iwasaki Sangyo Co. Pty Ltd


The chart below shows the distribution of operating outlays for the Foundation 2022 financial year.

The income earned from wisely invested capital is what allows the Foundation to fund its Charitable Grants and Tertiary Education Bursary programs, and through careful budget planning for 2022 we were able to fund 7 Bursaries for the full 12 months, and 2 for 6 months of the year -with 1 student graduating at the end of the year; and 5 Grant applications.

In the current financial market with interest rates slowly improving, it is hoped that we will have more funding available for the current financial year.  As always, with diligence and keen financial skills of some very talented Board members, we hope to be able to continue our wonderful work in 2023.

The Foundation is registered as a Charitable Trust and is registered as a Deductible Gift Recipient, allowing us to accept tax deductible donations.  If you are interested in helping us to continue the wonderful work we do in the community, please see our “Donate” page for details.