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Audit committee

The Audit Committee was established in accordance with section 45 of the PGPA Act and Public Governance, Performance and Accountability Rule 2014 (PGPA Rule) section 17 Audit Committees for Commonwealth Entities.

The Audit Committee provides independent assurance and assistance to the accountable authority and the Authority Board on the Authority’s risk, control and compliance framework, and its financial and performance reporting responsibilities.

The Audit Committee comprised the following members during 2018–19:

  • Ian Rodin, member and Chairperson
  • Phillip Fogarty, member and Queensland Government representative (Department of the Premier and Cabinet)
  • Margaret Johnson, member

During 2018–19, the Audit Committee held four meetings (Table 9).

Table 5.1: Table showing meeting dates, locations and attendees of the Great Barrier Reef Marine Park Authority Audit Committee.

Meeting

Date

Location

Attendance

AC 80

31 August 2018

Townsville

Mr Ian Rodin, Chairperson; Mr Phillip Fogarty, member; Ms Margaret Johnson, member

Apologies: Nil

AC 81

30 November 2018

Townsville

Mr Ian Rodin, Chairperson; Mr Phillip Fogarty, member; Ms Margaret Johnson, member

Apologies: Nil

AC 82

21 March 2019

Townsville

Mr Ian Rodin, Chairperson; Mr Phillip Fogarty, member; Ms Margaret Johnson, member

Apologies: Nil

AC 83

28 May 2019

Townsville

Mr Ian Rodin, Chairperson; Mr Phillip Fogarty, member; Ms Margaret Johnson, member

Apologies: Nil

Functions and responsibilities

Functions and responsibilities are set out in the Audit Committee’s Charter of Operation, reflecting requirements under the PGPA Act and Regulations. The charter covers the Audit Committee’s functions in relation to:

  • financial reporting
  • performance reporting
  • risk oversight and management
  • systems of internal control.

Members of the Audit Committee are expected to understand and observe the legal requirements of the PGPA Act and Regulations. Members are also expected to:

  • act in the best interests of the Authority
  • apply good analytical skills, objectivity and judgement
  • express opinions constructively and openly, raise issues that relate to the Audit Committee’s responsibilities and pursue independent lines of inquiry
  • contribute the time required to review provided meeting papers.

Internal audit reports

During 2018–19, internal audits undertaken in accordance with an annual internal audit plan included:

  • procurement and contract management
  • Douglas Shoal Environmental Remediation Project
  • Reef 2050 Integrated Monitoring and Reporting Project management
  • Crown-of-thorns Starfish Control Program framework review
  • Protective Security Policy Framework compliance review.