text: Within the aggregate amount (being $1,500,000 per year) approved by shareholders at the Annual General Meeting of the Company held on 
  7 May 2004, the fees of the Chairman and non-executive Directors are set at levels which represent the responsibilities of and the time 
  commitments provided by those Directors in discharging their duties. Regard is also had to the level of fees payable to non-executive Directors 
  of comparable companies. Non-executive Directors’ fees were increased effective 1 July 2004. Non-executive Directors, other than the Chairman, 
  who are members of Board committees receive additional fees. Non-executive Directors may not participate in any of the Company’s bonus, 
  share or option plans. 
  
  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. 