Chief Operating Officer’s and Chief Financial Officer’s Certificate 

The Board receives from the Chief Operating Officer and the Chief Financial Officer a certificate at each relevant Board Meeting that: 

• The Group’s financial reports are complete and present a true and fair view, in all material respects, of the financial condition;
• Operating results are in accordance with relevant accounting standards;
• The above statement is founded on a sound system of risk management and internal compliance and control which implements the policies adopted by the Board; and
• The Group’s risk management and information, compliance and controls are operating efficiently and effectively in all material respects.  

Audit Committee 

The Group’s Audit Committee’s responsibilities are to: 

• Review and assess the half yearly reports,
• Assess and monitor the Group’s internal controls and risk management framework,
• Review the performance and continued independence of the external auditors, and
• Monitor the Group’s compliance with laws and regulations affecting financial reporting, including the Group’s compliance with Australian International Financial Reporting Standards (AIFRS),
• Monitor the Group’s compliance with its Australian Financial Services Licences. 

The Audit Committee can, and does, meet with the external auditors without management being present. The Audit Committee at the date of this report consists of the Executive Chairman and two non-executive directors being Andrew Martin and Trevor Gerber.