Qantas 2002 Annual Report Download - page 35

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2002 QANTAS ANNUAL REPORT p33
Indemnities and insurance
Under clause 12.1 of the Qantas Constitution, Qantas is required to indemnify, to the extent permitted by law, each officer of
Qantas (subject to certain qualifications) against:
•liability to third parties (other than related Qantas Group companies) arising out of conduct undertaken in his or her
capacity as a Qantas officer, unless the liability arises out of conduct involving a lack of good faith, wilful misconduct or
reckless behaviour; and
•the costs and expenses of successfully defending legal proceedings arising out of conduct undertaken in his or her capacity
as a Qantas officer.
The Directors listed on page 29 and the secretaries of Qantas, being Brett Johnson and Steve Heesh, have
the benefit of the
indemnity in clauses 12.1 to 12.4 of the Qantas Constitution, which also applies to all executive officers of Qantas. Qantas has
insured against amounts which it may be liable to pay on behalf of officers pursuant to clauses 12.1 to 12.4 of the Qantas
Constitution or which it otherwise agrees to pay by way of indemnity.
During the financial 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.
Rounding
Qantas is a company of a kind referred to in ASIC Class Order 98/100 dated 10 July 1998 and in accordance with
that Class Order, amounts in the Concise Financial Report, Financial Report and Directors’ Report have been rounded
off to the nearest one hundred thousand dollars unless otherwise indicated.
Signed pursuant to a Resolution of the Directors:
Margaret Jackson Geoff Dixon
Chairman Chief Executive Officer
Sydney, 2 September 2002