Qantas 2004 Annual Report Download - page 53

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Directors’ Report continued
for the year ended 30 June 2004
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 a high standard 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 that those licences and permits are complied with. 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
financial year which are material in nature.
INDEMNITIES AND INSURANCE
Under the Qantas Constitution, Qantas is required to indemnify, to the extent permitted by law, each Director and Secretary 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 pages 32 to 35 and the Secretaries of Qantas, being Brett Johnson and Janine Smith, have the benefit of the
indemnity in the Qantas Constitution. 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 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, 30 August 2004
Qantas Annual Report 2004 51Spirit of Australia