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82 Qantas Annual Report 2009
Directors’ Report
for the year ended 30 June 2009
ENVIRONMENTAL OBLIGATIONS
The Qantas Group’s operations are subject to a range of Commonwealth,
State, Territory and international environmental legislation. The Qantas
Group is committed to being environmentally responsible with high
standards of environmental performance and the Board places particular
focus on the environmental aspects of its operations through the Safety,
Environment & Security Committee, which is responsible for monitoring
compliance with these regulations and reporting to the Board.
The Directors are satisfied that adequate systems are in place for the
management of the Qantas Group’s environmental exposures and
environmental performance. The Directors are also satisfied that all
relevant licences and permits are held and that appropriate monitoring
procedures are in place to ensure compliance with those licences and
permits. Any significant environmental incidents are reported to the Board.
The Directors are not aware of any breaches of any environmental
legislation or of any significant environmental incidents during the year
which are material in nature.
INDEMNITIES AND INSURANCE
Under the Qantas Constitution, Qantas indemnifies, to the extent
permitted by law, each Director and Company Secretary of Qantas against
any liability incurred by that person as an officer of Qantas.
The Directors listed on pages 50 and 51, the Company Secretary and
Assistant Company Secretary listed on page 65 and certain individuals who
formerly held any one of these positions, have the benefit of the indemnity
in the Qantas Constitution. Members of the Qantas Executive Team listed
on page 5 and certain former members of the Executive Team have the
benefit of an indemnity to the fullest extent permitted by law and as
approved by the Board. In respect to non-audit services, KPMG, Qantas’
auditor, has the benefit of an indemnity to the extent KPMG reasonably
relies on information provided by Qantas which is false, misleading or
incomplete. No amount has been paid under any of these indemnities
during 2008/09 or to the date of this Report.
Qantas has insured against amounts which it may be liable to pay on
behalf of Directors and Officers or which it otherwise agrees to pay by
way of indemnity.
During the year, Qantas paid a premium for Directors’ and Officers’ liability
insurance policies, which cover all Directors and Officers of the Qantas
Group. Details of the nature of the liabilities covered, and the amount of
the premium paid in respect of, the Directors’ and Officers’ insurance
policies are not disclosed, as such disclosure is prohibited under the terms
of the contracts.
NON-AUDIT SERVICES
During the year, KPMG, Qantas’ auditor, has performed certain other
services in addition to its statutory duties.
The Directors are satisfied that:
a. the non-audit services provided during the 2008/09 financial year by
KPMG as the external auditor were compatible with the general
standard of independence for auditors imposed by the Corporations Act
2001;and
b. any non-audit services provided during the 2008/09 financial year by
KPMG as the external auditor did not compromise the auditor
independence requirements of the Corporations Act 2001 for the
following reasons:
i. KPMG services have not involved partners or staff acting in a
managerial or decision-making capacity within the Qantas Group or
  beinginvolvedintheprocessingororiginatingoftransactions;
ii. KPMG non-audit services have only been provided where Qantas is
satisfied that the related function or process will not have a material
  bearingontheauditprocedures;
iii. KPMG partners and staff involved in the provision of non-audit
services have not participated in associated approval or authorisation
  processes;
iv. a description of all non-audit services undertaken by KPMG and the
related fees have been reported to the Board to ensure complete
  transparencyinrelationtotheservicesprovided;and
v. the declaration required by section 307C of the Corporations Act
2001 confirming independence has been received from KPMG.
A copy of the lead auditor’s independence declaration as required under
section 307C of the Corporations Act 2001 is included below.
Details of the amounts paid to the auditor of Qantas, KPMG, for audit and
non-audit services provided during the year are set out in Note 7 to the
Financial Statements.