text: The Remuneration Committee is 
  responsible for reviewing the 
  remuneration policies and 
  practices of the Company 
  including: the compensation 
  arrangements for the Managing 
  Director and senior management; 
  the Company’s superannuation 
  arrangements; employee share and 
  option plans; executive and senior 
  management performance review, 
  succession planning, and, within 
  the aggregate amount approved 
  by shareholders, the fees for non- 
  executive Directors. The role of 
  the Remuneration Committee is 
  documented in a Charter, 
  approved by the Board, which 
  Charter prescribes that the 
  Committee must consist of at 
  least three non-executive 
  Directors. The Committee has 
  access to independent advice and 
  comparative studies on the 
  appropriateness of remuneration 
  arrangements. 
  
  The Directors determined to cease 
  retirement allowances to non- 
  executive Directors effective from 
  30 June 2004. Non-executive 
  Directors appointed before 1 
  January 2004 are entitled to 
  receive benefits accrued to that 
  date, payable upon ceasing to 
  hold office as a Director. The 
  retirement payment (inclusive of 
  superannuation guarantee charge 
  entitlements) is made pursuant to 
  an agreement entered into with 
  each non-executive Director on 
  terms approved by shareholders at 
  the 1989 Annual General Meeting. 
  These benefits have been fully 
  provided for by the Company. 