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EXTERNAL SCRUTINY

IBA is subject to scrutiny by the Australian National Audit Office, the Commonwealth Ombudsman, courts and administrative tribunals, and parliamentary and ministerial oversight. It is also required to report on obligations such as compliance with legislation like the PGPA Act, Freedom of Information Act 1982 (FOI Act), Public Interest Disclosure Act 2013 and the Anti-Money Laundering and Counter-Terrorism Financing Act 2006.

EXTERNAL AUDIT, JUDICIAL DECISIONS AND REVIEWS BY EXTERNAL BODIES

IBA’s external auditor is the Auditor-General through the Australian National Audit Office. Audits of IBA’s financial statements are conducted in accordance with a strategy mutually agreed to by the Auditor-General and IBA.

There were no judicial decisions or decisions of administrative tribunals made during the reporting period that have, or may have, had a significant effect on IBA’s operations this year.

The Commonwealth Ombudsman notified IBA of two complaints made against it during 2019–20. Both of those complaints were closed out without findings against IBA.

PARLIAMENTARY AND MINISTERIAL OVERSIGHT

Under section 19 of the PGPA Act, IBA is required to inform the Minister of any significant decisions or issues. This year, IBA informed the Minister of a number of significant decisions and issues in its quarterly Ministerial updates, and also in other correspondence and meetings.

FREEDOM OF INFORMATION

Under Part II of the FOI Act, IBA must publish information for the public as part of the Information Publication Scheme. IBA’s Information Publication Scheme Plan is available on IBA’s website, as is the information IBA has published in accordance with the scheme’s requirements.