but closed in 1977. It has been converted into the Port Fairy to Warrnambool Rail Trail. The Port Fairy Magistrates' Court closed on 1 January 1990. Traditional ownership The formally recognised traditional owners for the area in which Port Fairy sits are the Eastern Maar people, who are represented by the Eastern Maar Aboriginal Corporation (EMAC). Town At the , Port Fairy had a population of 3,340. Its main industries are tourism and fishing, and it is the home port for one of Victoria's largest fishing fleets. A pharmaceutical factory owned by Sun Pharma is located on the outskirts of the town. Port Fairy is home to two primary school education facilities, The Port Fairy Consolidated School and St. Patricks Parish Primary School. Port Fairy was voted as one of the world's most livable cities with a population under 20,000 after winning the 2012 International LivCom award. Port Fairy has a rich history, and 50 buildings are protected by the National Trust of Australia. Griffiths Island nearby holds a breeding colony of the short-tailed shearwater or Australian muttonbird. Festivals The Port Fairy Folk Festival is held during the Labour Day long weekend in March each year. The festival has run continuously since 1977. In 2016, Port Fairy celebrated the 40th edition of the Folk Festival from 11 to 14 March. Over the 40 festivals there have been around 3,500 acts including over 500 international acts and over 12,000 musicians to an audience of beyond 240,000 ticket holders and 1,000,000 attendees. The annual Moyneyana Festival is held over summer from Christmas Eve to 26 January. The annual Tarerer Festival, taking place over a weekend, is a celebration of the region's multicultural identity, its history relating to its Aboriginal peoples (Koori, in particular those of the Warrnambool district), and the environmental significance of the land. It features music and dance as well as art and performance workshops, and includes music from a variety of cultures, including non-Indigenous ones. Begun in 1996 by a group of people in Framlingham Forest, it is the only festival of its kind in Victoria. The name derives from the Aboriginal name for Tower Hill, the nearby area of volcanic lakes. In 2008, it featured the rock reggae band of the 1980s, No Fixed Address, as well as a Sudanese band. Sports and recreation Port Fairy also has a highly rated 18-hole links golf course, the Port Fairy