LEAD AUDITOR'S INDEPENDENCE DECLARATION UNDER SECTION 307C OF THE CORPORATIONS ACT
2001
The lead auditor's independence declaration is set out on page 36 and forms part of the Directors' Report for the year ended 30 June
2015.
INDEMNIFICATION AND INSURANCE OF DIRECTORS AND OFFICERS
The Company’s constitution contains an indemnity in favour of every person who is or has been:
a Director of the Company or a subsidiary of the Company; or
a Secretary of the Company or of a subsidiary of the Company; or
a person making or participating in making decisions that affect the whole or a substantial part of the business of the Company or
of a subsidiary of the Company; or
a person having the capacity to affect significantly the financial standing of the Company or of a subsidiary of the Company.
The indemnity applies to liabilities incurred by the person in the relevant capacity (except a liability for legal costs). That indemnity also
applies to legal costs incurred in defending or resisting certain legal proceedings. The indemnity does not apply where the Company is
forbidden by statute or, if given, would be made void by statute.
In addition, the Company has granted deeds of indemnity to certain current and former Directors and Secretaries and members of
senior management of the Company and its subsidiaries and associated companies. Under these deeds, the Company:
indemnifies, to the maximum extent permitted by law, the former or current Directors or Secretaries or members of senior
management against liabilities incurred by the person in the relevant capacity. The indemnity does not apply where the liability is
owed to the Company or any of its subsidiaries or associated companies, or (in general terms) where the liability arises out of a
lack of good faith, wilful misconduct, gross negligence, reckless misbehaviour or fraud; and
is also required to maintain and pay the premiums on a contract of insurance covering the current or former Directors or
members of senior management against liabilities incurred in respect of the relevant office except as precluded by law. The
insurance must be maintained until the seventh anniversary after the date when the relevant person ceases to hold office.
Disclosure of the insurance premiums and the nature of liabilities covered by such insurance are prohibited by the relevant
contract of insurance.
ENVIRONMENTAL REGULATION
The Group's operations are subject to environmental regulations under either Commonwealth or State legislation. These regulations
do not have a significant impact on the Group's operations. The Board believes that the Group has adequate systems in place for the
management of its environmental requirements and is not aware of any breach of those environmental requirements as they apply to
the Group.
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