Directors’ Report
61
Directors’ Report
Insurance of officers
During the financial year, the Group paid 
premiums to insure Directors and Officers of the 
Group. The contracts include a prohibition on 
disclosure of the premium paid and nature of the 
liabilities covered under the policy.
Directors’ interest in contracts
No material contracts involving Directors’ 
interests were entered into since the end of the 
previous financial year or existed at the end of 
the financial year other than the transactions 
detailed in the note to the accounts.
Non-audit services
Details of amounts paid or payable to the 
auditor for non-audit services provided during 
the year are detailed in Note 30: Auditors 
Remuneration. The Directors are satisfied that 
the provision of non-audit services during the 
period by the auditor is compatible with the 
general standard of independence for auditors 
imposed by the Corporations Act 2001.
The Directors are of the opinion that the services 
disclosed in Note 30: Auditors Remuneration to 
the financial statements do not compromise the 
external auditor’s independence, based on the 
Auditor’s representations and advice received 
from the Audit Committee, for the following 
reasons:
〉〉 all non-audit services have been reviewed to 
ensure they do not impact the integrity and 
objectivity of the auditor; and
〉〉 none of the services undermine the general 
principles relating to auditor independence 
as set out in Code of Conduct APES 110 
Code of Ethics for Professional Accountants 
issued by the Accounting Professional and 
Ethical Standards Board, including reviewing 
or auditing the auditor’s own work, acting in 
a management or decision-making capacity 
for the Company, acting as advocate for the 
Company or jointly sharing economic risks 
and rewards.
A copy of the auditors’ independence declara-
tion as required under section 307C of the 
Corporations Act 2001 is set out on page 62.
Rounding of amounts
The Group is of a kind referred to in Class Order 
98/100, issued by the Australian Securities and 
Investments Commission, relating to the 
“rounding off” of amounts in the Directors’ 
Report. Amounts in the Directors’ Report have 
been rounded off in accordance with that Class 
Order to the nearest thousand dollars, or in 
certain cases, to the nearest dollar.
Auditors
PricewaterhouseCoopers continues in office in 
accordance with section 327 of the Corporations 
Ac t 2001.
This report is made in accordance with a resolu-
tion of Directors.
Ross Smyth-Kirk
Director
Sydney 
23 September 2013