Qantas 2011 Annual Report Download - page 49

47 ANNUAL REPORT 2011
for the year ended 30 June 2011
Directors’ Report continued
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 environmental
sustainability with high standards for environmental performance.
The Board places particular focus on the environmental aspects
of its operations through the Safety, Health, Environment & Security
Committee, which is responsible for monitoring compliance with these
regulations and reporting to the Board.
The Directors are satised that adequate systems are in place for
the management of the Qantas Group’s environmental exposures
and environmental performance. The Directors are also satised that
relevant licences and permits are held and that appropriate monitoring
procedures are in place to ensure compliance with those licences
and permits. Any signicant environmental incidents are reported
to the Board.
The Directors are not aware of any breaches of any environmental
legislation or of any signicant environmental incidents during the
year which are material in nature.
INDEMNITIES AND INSURANCE
Under the Qantas Constitution, Qantas indemnies, to the extent
permitted by law, each Director, Company Secretary and Assistant
Company Secretary of Qantas against any liability incurred by that
person as an ofcer of Qantas.
The Directors listed on page , the Company Secretary and Assistant
Company Secretary listed on page  and certain individuals who
formerly held any one of these positions, have the benet of the
indemnity in the Qantas Constitution. Members of the Qantas Executive
Committee listed on page  and certain former members of the
Executive Committee have the benet 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 benet 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
/ or to the date of this Report.
Qantas has insured against amounts which it may be liable to pay
on behalf of Directors and Ofcers or which it otherwise agrees to
pay by way of indemnity.
During the year Qantas paid a premium for Directors’ and Ofcers’
liability insurance policies, which cover all Directors and Ofcers 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 Ofcers’
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 satised that:
a. The non-audit services provided during the / nancial
year by KPMG as the external auditor were compatible with the
general standard of independence for auditors imposed by the
Corporations Act 
b. Any non-audit services provided during the / nancial
year by KPMG as the external auditor did not compromise the
auditor independence requirements of the Corporations
Act  for the following reasons:
– 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
– KPMG non-audit services have only been provided where
Qantas is satised that the related function or process will not
have a material bearing on the audit procedures
– KPMG partners and staff involved in the provision of non-audit
services have not participated in associated approval or
authorisation processes
– 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
– The declaration required by section C of the Corporations Act
 conrming independence has been received from KPMG
A copy of the lead auditor’s independence declaration as required
under section C of the Corporations Act  is included on the
following page.
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 
to the Financial Statements.