Qantas 2013 Annual Report Download - page 97

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QANTAS ANNUAL REPORT 2013
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 and 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 71, the Company Secretary and
Assistant Company Secretary listed on page 73 and certain
individuals, who formerly held any of these positions, have the
benet of the indemnity in the Qantas Constitution. Members
of Qantas’ Executive Management team and certain former
members of the Executive Management team 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
that 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 2012/2013 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
disclosure is prohibited under the terms of the contracts.
NONAUDIT SERVICES
During the year Qantas’ auditor, KPMG has performed certain
other services in addition to its statutory duties. The Directors
are satised that:
a. The non-audit services provided during 2012/2013 by
KPMGas the external auditor were compatible with the
general standard of independence for auditors imposed
bythe Corporations Act 2001
b. Any non-audit services provided during 2012/2013 by
KPMGas the external auditor did not compromise the
auditor independence requirements of the Corporations
Act 2001 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 307C of the Corporations
Act 2001 conrming 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 on page 96.
Details of the amounts paid to KPMG for audit and non-audit
services provided during the year are set out in Note 8 to the
Financial Statements.