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Ethical

Audit Committee

Our Audit Committee is appointed in accordance with section 45 of the PGPA Act and comprises four

independent members: Carol Holley (Chair, since March 2013), Mark Ridley, Ken Barker and Jeremy Chandler.

Current members have tenures until late 2018, at which time the composition of the Audit Committee will be reviewed.

The duties of the Audit Committee are detailed in the Audit Committee Charter and include reviewing the appropriateness of our:

+ financial and performance reports

+ systems of risk oversight and management

+ systems of internal controls.

The Audit Committee also supports the audit of our financial statements and those for the Funding Pool.

The Audit Committee met six times during 2017–18, in August 2017, twice in September 2017, November 2017, March 2018, and May 2018.

Audit Committee members

Carol Holley

Ms Holley is a Non–Executive Director of the Australian Nuclear Science and Technology Organisation. She is also the Independent Chair of numerous committees in NSW and a member of the Risk and Audit Committee of the NSW Mental Health Commission.

Carol is a Chartered Accountant, and a Fellow of the Australian Institute of Company Directors.

Mark Ridley

Mr Ridley is a former senior partner with PricewaterhouseCoopers where he held a number of leadership roles focused on assurance and risk management.

Mark is currently Chair of several Commonwealth Government Audit Committees and an Independent Member of a number of Audit and Risk Committees.

Mark is a Chartered Accountant (FCA), a graduate member of the Australian Institute of Company Directors, and a long–standing member of ISACA.

Ken Barker

Mr Barker has more than 40 years’ experience in public sector management and finance. He has previously worked for NSW Police, the former Public Works, Corrective Services, and NSW Health, and holds various board and committee appointments.

Ken is a Fellow of the Institute of Public Accountants, and a graduate member of the Australian Institute of Company Directors.

Jeremy Chandler

Mr Chandler is the Director of Business WIDE Consulting Support Pty Ltd. He is also a Senior Adviser to Nous Group, and an Associate with Executive Intelligence Group.

Jeremy is an Independent Audit Committee Member for several agencies including the ACT Health Directorate, the Australian National University, and the Australian Communications and Media Authority.

Jeremy is a Fellow of both CPA Australia and the Institute of Management and Leadership.