Reviews by Outside Bodies

RWRC Annual Reports are subject to review by the Senate Foreign Affairs, Defence and Trade Legislation Committee. The financial statements are lodged with the Australian Charities and Not-for-profits Commission every year.

The RWRC financial statements are subject to audit by the Australian National Audit Office.

Audit Committee

The RWRC has established an audit committee for the Trust it administers in accordance with the PGPA Act. The primary objectives of the Audit Committee are:

• improving the effectiveness and efficiency of RWRC’s internal control framework for managing the Trust;
• ensuring that RWRC has appropriate risk identification and management practices in place;
• improving the objectivity and reliability of financial reporting;
• ensuring that RWRC has adequate procedures on matters of audit independence; and
• assist the Board to comply with all governance and other obligations in their role as Trustee.

The Audit Committee, which is newly established, will meet before each Directors meeting and table a report to the Board with the results of internal reviews of various aspects of Trust management and operations conducted during the period under review.

Freedom of Information Procedures and Initial Contact Points

Requests for access to RWRC documents should be directed to the Secretary of the RAAF Welfare Recreational Company, BP29-2-206, Brindabella Park, Department of Defence, CANBERRA BC, ACT, 2610.

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Indemnities and Insurance Premiums for Officers

The RWRC has taken out insurance coverage with Comcover for Association Liability Insurance. Where applicable, the insurance cover is provided for all Directors, staff and contractors.

Commonwealth Disability Strategy

Given the nature of the RWRC’s size and activities, the Directors consider that the current organisational and operating procedures meet the requirements of the Commonwealth Disability Strategy.

Work Health and Safety

Directors of the RWRC are full time and reservist staff employed by the Commonwealth (Department of Defence) and, as such, fall within the policies and procedures of the Department of Defence for WHS purposes. Those who are contracted, fall within State provisions.

Risk Management and Fraud Control

The Directors have established a risk management and fraud control plan in line with the Commonwealth’s endeavours to make risk management an integral part of everyday business practice. The RWRC does not receive any funding from the Commonwealth and therefore

does not need to apply the promulgated Commonwealth Fraud Control Guidelines (Guidelines). However, the Directors have adopted the Guidelines as best practice standards for fraud control and have implemented fraud control arrangements commensurate with the RWRC’s activities. The RWRC’s risk management and fraud control plan was reviewed and updated in April 2018

Related Party/Entity Transactions

There were no related entity transactions during the financial year. Directors who utilised holiday accommodation declared such use and paid the rates applicable to all other eligible users.

Protective Security

The Directors consider that an appropriate protective security environment is fundamental to good business and management practice. Accordingly, the Directors have developed and implemented a security plan that is appropriate to the RWRC’s functions and the security risks it faces. The RWRC’s protective security plan was reviewed and updated in April 2018.