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              [html]<thead><tr><td>Note Review of the</td><td>management systems and audit function. The primary functions of the Audit Committee are to :</td></tr></thead><tbody><tr><td>Senior Executives</td><td>Normal receives reports from etalling interactions with and xpressed views of the Company ' s</td></tr><tr><td>3 review the financial information provided by the Board to shareholders and other parties ensuring that it is true and fair and complies with relevant accounting standards ;</td><td>he Nomination Committee is evaluation of the Board, its d its likey executives.</td></tr><tr><td>3 ensure that corporate risk management policies and internal controls are in place and are maintained in accordance with appropriate standards and statutory requirements ;</td><td>valuations of the Board, its ae individual Directors and lxey</td></tr><tr><td>Experimentally experimental conditions with the above</td><td>> oversee and evaluate the quality of the audits conducted by the external auditors ;</td></tr><tr><td>Director undertakes an annual erformance of each Senior</td><td>the external auditors and the Board for the exchange of views and information ; and</td></tr><tr><td>nst individual tasks and</td><td>3 recommend to the Board the nomination and remuneration of the external auditors and ensure their independence and integrity.</td></tr><tr><td>Professional Advice</td><td>In fulfilling its responsibilities, the Audit Committee has rights of access to manage</td></tr><tr><td>ble to access members of the eam at any time to request : releon.</td><td>Connitive : intervention of recolors or neight - in and to auditors ( external and internal ) without management : present and may seells explanations and additional information.</td></tr><tr><td>policy that Directors may seek dvice at the Company ’ s expense.</td><td>The Audit Committee met twice during the 2013 financial year.</td></tr><tr><td>nmittees</td><td>The Audit Committee operates in accordance with a charter published in the ‘ Corporate</td></tr><tr><td>pard in fulfilling its responsibili - has established three commit -</td><td>Covernance ′ section of the Company ' s website.</td></tr><tr><td>There certain issues and functions. ees are as follows :</td><td>Auditor Independence</td></tr><tr><td>nittee ;</td><td>and Engagement</td></tr><tr><td>Son Committee ; and</td><td>The charter adopted by the Audit Committee</td></tr><tr><td>Committee.</td><td>confirms its role in assisting the Board in respect of the appointment, compensation, retention and oversight of the Company ’ s external audi -</td></tr><tr><td>No operates under its own charter.</td><td>and oversight of the Company ’ s external auditors. The external auditors are required to confirm that they have maintained their independents.</td></tr><tr><td>Imittee</td><td>pendence in accordance with the Corporations Act 2001 ( Cth ) and the rules of professional accounting bodies.</td></tr><tr><td>for the Audit Committee as at the oort are :</td><td>Control of Arracher ( Chairman of Audit );</td></tr><tr><td>The performance of the external auditor is reviewed annually and applications for tender of external audit services are requested when</td><td>yth - Kirk ; and</td></tr><tr><td>cAleer.</td><td>deemed appropriate, talking into consideration assessment of performance, existing value and tender costs.</td></tr><tr><td>has appropriate financial experience of the Committee are financially re an appropriate understanding of which the Company operates.</td><td>An analysis of fees paid to the external auditors, including a brealedown of fees for non - audit services, is provided in the Directors ' Report. It is</td></tr><tr><td>mittee ' s role is to assist the Board onsibilities associated with the ounts, its external financial tiemal control structure, risk</td><td>annual declaration of their independence to the Audit Committee.</td></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr></tbody>
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