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The Board of Studies was created on 30 June 1993 by the Board of Studies Act 1993. The Board replaced the Victorian Curriculum and Assessment Board (VCAB) and was given responsibility for primary and secondary education in Victoria. The objectives of the Board are to: develop guidelines and procedures for development, accreditation and evaluation of courses; provide assessment and certification of student performance; develop and promote subject choices which lead to broad options for further education or work; and the provision of information services on these matters to ensure that all students in Victoria have access to a comprehensive general education of the highest quality. The 1998-99 annual report provides details about the previous year's activities, initiatives and achievements, funding and financial statements.