Australia Business Arts Foundation
(Creative Partnerships Australia is a business name of Australia Business Arts Foundation) Directors’ Report
The Directors submit the Australia Business Arts Foundation financial report for the financial year ended 30 June 2020.
The names of the Directors in office at any time during the year and to the date of this report are:
- Ms Catherine Walter AM, Chair
- Ms Samantha Meers AO, Deputy Chair
- Mr John Barrington AM
- Dr Richard Dammery (from 21 April 2020)
- Ms Rosheen Garnon
- Adjunct Professor the Hon Chris Pearce
- Mr Dan Rosen
- Professor Susan Street AO
- Mr Leonard Vary
The Minister responsible for the company during the 2019/20 financial year was the Hon Paul Fletcher MP, Minister for Communication, Cyber Safety and the Arts.
Ms Jayne Lovelock held the position of Company Secretary for the duration of the 2019/20 financial year.
The principal activity of the company during the financial year was the promotion and development of a more sustainable, vibrant and ambitious cultural sector in Australia by:
- fostering a culture of private giving to the cultural sector; bringing donors, businesses, artists, and arts organisations together;
- assisting and facilitating Australian artists and arts organisations to attract and aintain support from donors and business, diversifying their sources of revenue; and
- encouraging and celebrating innovation and excellence in giving to, and partnerships with, the arts.
Operating Trading Result
The net result for the year ended 30 June 2020 was ($1,899,949).
No dividends have been paid or declared during the year and no dividends proposed. The company is prohibited by its Constitution from making a distribution to its members.
Significant Changes in the State of Affairs
There were no significant changes in the state of affairs of the company during theyear 1 July 2019 to 30 June 2020.
After Balance Date Events
Other than those outlined in this report, there are no matters or circumstances that have arisen since 30 June 2020 which significantly affected, or may significantly affect, the operations of the company, the results of those operations or the state of affairs of the company in future financial years.
Future Likely Developments
The company will continue to provide support for greater private sector investment in the arts through ts programs and initiatives, including matched funding, sector skills development and advocacy activities, and the management of the Australian Cultural Fund.
Meetings of Directors
During the financial year, thirteen meetings (including committees of Directors) were held. This included five ad-hoc directors’ meetings convened to address issues arising from COVID-19. Attendances by each Director were as follows:
AUDIT AND RISK COMMITTEE MEETINGS
Eligible to Attend
Eligible to Attend
Ms Catherine Walter AM
Ms Samantha Meers AO
Mr John Barrington AM
Dr Richard Dammery
Ms Rosheen Garnon
Adjunct Professor the Hon Chris Pearce
Mr Dan Rosen
Professor Susan Street AO
Mr Leonard Vary
Ms Catherine Walter AM, Chair
LLB (Hons), LLM, MBA, FAICD
Catherine has served on the governing bodies of a number of arts organisations including being a member of the Nugent Major Performing Arts Inquiry and a director of: Australia Council’s Major Performing Arts Board, Australian Ballet School, Melbourne International Arts Festival and VicOpera.
Currently Chair of Financial Adviser Standards and Ethics Authority, Melbourne Genomics Health Alliance, a trustee of Helen MacPherson Smith Trust and a Director of Reserve Bank of Australia's Payments System Board and Australian Foundation Investment Company; Catherine has previously been Managing Partner of the Melbourne office of Clayton Utz, a Commissioner of the City of Melbourne, Chair of Fed Square and Australian Synchrotron, and a Director of ASX, NAB, Melbourne Business School and Orica. In 2003 she was honoured as a Member of the Order of Australia for service to business, particularly as a Director of a range of public companies, to the arts, to the law, and to the community through the Melbourne City Council.
Catherine is a member of Chief Executive Women.
Ms Samantha Meers AO, Deputy Chair
BA LLB MLITT FAICD
Samantha is Deputy Chair of Creative Partnerships Australia. She is executive deputy chair of property and investment group the Nelson Meers Group, and co-founder and trustee of the Nelson Meers Foundation. Her current not-for-profit board appointments include chair of Belvoir St Theatre; chair of Documentary Australia; and chair of the Brett Whiteley Foundation. Over the past 20 years, she has held board roles in a broad range of organisations, including the Art Gallery of NSW, the State Library of NSW and Philanthropy Australia. Ms Meers began her career as a commercial lawyer with Mallesons Stephen Jacques (now King and Wood Mallesons), and her executive career included senior management roles in the media sector. Samantha is a member of Chief Executive Women and a fellow of the Australian Institute of Company Directors.
Mr John Barrington AM
BBus, MBA, FAICD, FAIM
John is an acknowledged leader in strategy and governance, advising boards and CEOs of some of Australia’s leading corporations, government enterprises and arts and culture organisations. He retired as Chair of Perth Festival in 2019, having served on the board for seven years. He is currently a board member of John Curtin Gallery. He is Executive Chairman of Artrya, developing Artificial Intelligence solutions to diagnose and predict heart disease.
He holds a Bachelor of Business from Curtin University, an MBA from the Australian Graduate School of Management and is a Fellow of the Australian Institute of Company Directors and of the Australian Institute of Management WA. He was appointed a Member of the Order of Australia in 2019, was a 2018 Western Australian of the Year Award Finalist and in 2017 received the Australian Institute of Company Directors PwC Award for Director Excellence in the Not-for-Profit Sector.
Dr Richard Dammery
BA (Hons) LLB, MBA, Ph.D, FAICD
Richard has had a diverse career as a lawyer and senior executive in a range of major Australian and New Zealand companies, including Coles Group, Telstra, Telecom New Zealand and Woolworths Group. He was a partner of leading law fim, Minter Ellison, specialising in corporate advice and mergers and acquisitions. Richard has served on a wide range of boards, and acted as a board adviser, for over 25 years.
Richard is currently a non-executive director of Nexus Hospitals Group (a QIC company) and Aussie Broadband.
Richard has had a long involvement with community organisations, including Leadership Victoria. He was the founding chair of Cambridge Australia Scholarships, a non-profit which provides postgraduate scholarships to young Australians, including indigenous Australians in association with the Charlie Perkins and Roberta Sykes Trusts.
Richard holds degrees in Arts (English Language and Literature) and Law from Monash University, an MBA from the University of Melbourne and a Ph.D from the University of Cambridge, where he was a Senior Rouse Ball Scholar of Trinity College. He is a felllow of hte Australian Institute of Company Directors and an Adjunct Professor (Practice) and Industry Fellow at Monash Business School.
Ms Rosheen Garnon
BEc/LLB FCA, CTA, GAICD
Rosheen has extensive senior executive experience in the professional services sector, both locally and internationally. Previously, she was the National Managing Partner for KPMG Australia’s Taxation Division and a member of the Executive Leadership Team of KPMG Australia.
Rosheen’s current roles include the Non-Executive Chair of Alexium International Group Limited, a Non-Executive Director of Australian Rail Track Corporation Limited, Resolution Life Australasia and The Smith Family. She is Chair of the Board of Taxation and a Trustee of the Sydney Cricket and Sports Ground Trust.
Rosheen holds a Bachelor of Economics and a Bachelor of Law from the Australian National University. She is a Fellow of Chartered Accountants in Australia and New Zealand, a Chartered TAx Advisor and a Member of Chief Executive Women.
Adjunct Professor the Honourable Chris Pearce
JP, FAICD, FAMI, BBus, MBA, GCDiv
Chris is Managing Partner, South East Asia at NGS Global based in Australia. He is an accomplished senior executive with wide-ranging domestic and international experience to CEO/MD level in ‘blue chip’ companies in the telecommunications, information technology and entertainment industries.
Chris has been a Member of the Australian Parliament, as well as a Member of the Federal Government Ministry responsible for financial services, business law and consumer affairs, and later as Shadow Minister, until his decision to leave Parliament and return to the corporate world.
He has served on commercial, government and not-for-profit boards and is currently Deputy Chairman and Non-Executive Director at the St Vincent’s Institute of Medical Research a Non-Executive Director of the McKinnon Institute and the External Representative on the Learning Engagement & Innovation Committee of the Melbourne Symphony Orchestra. Chris is an Adjunct Professor at Deakin University providing industry expertise and insight in the areas of Executive Leadership, Professional Development and Strategy/Value-Creation.
He has completed a Management Development Process Program at the Monash Mt Eliza Business School, a Bachelor of Business from Monash University, a Master of Business Administration (MBA) from Deakin University, an Executive Program in Strategy and Organisation at Stanford University and a Graduate Certificate in Divinity from the University of Divinity. He is currently undertaking a Graduate Certificate in Positive Psychology at Central Queensland University.
Chris is a Justice of the Peace, Fellow of the Australian Institute of Company Directors, Fellow of the Australian Marketing Institue, Member of the Royal Victorian Association of Honorary Justices and a Member of hte Royal School of Church Music.
Mr Dan Rosen
LLM, LLB (Hons)/BCom
Dan has spent his career at the intersection of the creative industries and technology, working in roles as an executive, policy maker, lawyer, and artist. As Chief Executive of ARIA and PPCA, the two peak bodies for the Australian recorded music industry, he has led both organisations through the transition to an increasingly digital music market. Prior to his current role, Dan was based in New York, working for digital media company KITDigital
Before leaving for the United States, Dan worked as Advisor to the Minister for Communications, Information Technology and the Arts, responsible for broadband and innovation policy.
Dan started his career as a lawyer with Minter Ellison, specialising in media and technology clients. He is a Fulbright Scholar and completed a Masters of Law at New York University, where he was also a Deans Scholar.
An accomplished musician and songwriter, Dan won the Triple J Unearthed competition in 2003 and has independently released two albums. He is former Chair of the New South Wales Creative Industries Taskforce, and member of the Victorian Government’s Creative Victoria Taskforce.
Professor Emeritus Susan Street AO
Susan worked in higher education for 35 years most recently as Executive Director, Queensland University of Technology (QUT) Precincts and formally Executive Dean, Creative Industries Faculty at QUT. Previously held roles include Head of Dance, QUT; Dean, School of Dance, Hong Kong Academy for Performing Arts; Chair, Dance Fund; Council Member of the Australia Council; Trust Director, Brisbane Arts and Environment Trust, Brisbane City Council; Chair, Artistic Advisory Committee and Board Member, Hong Kong Ballet; and Arts advisor to Hong Kong Arts Development Council and the Leisure and Cultural Service Department of Hong Kong Government.
Susan was Board Member, Australia-China Council (DFAT); Trustee, Queensland Performing Arts Trust; Australasian Advisor, Royal Academy of Dance in London and Arts Investment Advisory Board, Queensland Government. She is the immediate past Chair, Board of Trustees of the Queensland Art Gallery & Gallery of Modern Art; current Board Member, The Australian Ballet; a member of the Australia Singapore Arts Group; Advisor to Arts Queensland on the new Theatre at QPAC. Susan is the Director of Arts Advice Services.
Mr Leonard Vary
BCom, LLB, Grad Dip App Fin and Inv, LLM, FAICD
Leonard is Chief Executive Officer of The Myer Foundation and Sidney Myer Fund. Leonard is a board member of the Cranlana Centre for Ethical Leadership and serves on the Advisory Board of Kin Group. He is a former director of Malthouse Theatre, a past Chair of the Centre for Contemporary Photography, and a past Vic President of the Melbourne International Arts Festival.
Prior to his appointment to the Myer Foundation and Sidney Myer Fund, Leonard was an Executive Director of the Fox Private Group and the General Counsel, President HR and a Director of the LinFox Group. Earlier in his career Leonard was in private practice at Clayton Utz, a leading Australian law firm.
The Directors are paid such remuneration and allowances as determined by the Remuneration Tribunal out of the monies of Creative Partnerships Australia. Since 1 July 2019, no Director of the company has received or become entitled to receive any other benefit, other than a benefit included in the aggregate amount of emoluments received or due and receivable by Directors shown in the accounts or the fixed salary of a full-time employee of the company, by reason of a contract made by the company with the Director or any related party.
Indemnities and Insurance Premiums
During the financial year, the company has paid premiums to indemnify Directors against third party legal proceedings arising out of their conduct while acting in the capacity of Director of the company. Indemnity is provided to Directors under the coverage of the company’s insurer, Comcover.
The company has not, during or since the financial year, in respect of any person who is or has been an officer or auditor of the company or a related body corporate:
- indemnified or made any relevant agreement for indemnity against a liability, including costs and expenses in successfully defending legal proceedings; or
- paid or agreed to pay a premium in respect of a contract insuring against a liability for the costs or expenses to defend legal proceedings.
Proceedings on Behalf of The Company
No person has applied for leave of Court to bring proceedings on behalf of the company or intervene in any proceedings to which the company is party for the purpose of taking responsibility on behalf of the company for all or part of those proceedings.
The company was not a party to any such proceedings during the year.
Ministerial Directions and Government Policy Orders
Under section 93 of the Public Governance, Performance and Accountability Act 2013 (PGPA Act), the Finance Minister may, after consultation with the Minister responsible for the order, make a government policy order that applies to wholly owned Commonwealth companies. There has been no application of Section 93 of the PGPA Act this financial year.
There were no directions issued to the company by the responsible Minister, under the company’s constitution, or under and Act or instrument.
Auditor’s Independence Declaration
The lead auditor’s independence declaration for the year ended 30 June 2020 has been received and can be found on page 62 of the Directors’ Report.
Signed in accordance with a resolution of the Board of Directors.
Ms Catherine Walter AM
Ms Rosheen Garnon
Dated this 25th of August 2020