text: **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS**
  
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              [html]<thead><tr><td>< underline > NOT </ underline ></td><td>TE 1 - STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES co</td></tr></thead><tbody><tr><td>u )</td><td>Adoption of New and Revised Accounting Standards</td></tr><tr></tr></tbody>
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  During the current reporting period the Group adopted all of the new and revised Australian Accounting Standards 
  and Interpretations applicable to its operations which became mandatory. The nature and effect of selected new 
  standards and amendments on the Group’s consolidated financial report are described below. Adoption of the other 
  new mandatorily applicable standards did not have a material impact on the financial statement, financial position 
  or performance of the Group. 
  
  **AASB 2011-4 -*Amendments to Australian Accounting Standards to Remove Individual Key Management Personnel***
  ***Disclosure***
  This standard removes the requirements to include individual key management personnel disclosures in the notes 
  to and forming part of the Financial Report. This standard also removes the individual KMP disclosure requirements 
  for all disclosing entities in relation to equity holdings, loans and other related party transactions. 