Qantas 2010 Annual Report Download - page 47

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45 ANNUAL REPORT 2010
for the year ended 30 June 2010
ENVIRONMENTAL OBLIGATIONS
The Qantas Group’s operations are subject to a range of Commonwealth,
State, Territory and international environmental legislation. The Qantas
Group is a leading airline group committed to creating a cleaner future
through caring for the environment with high standards of environmental
performance, and 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 all
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 pages 10 and 11, the Company Secretary and
Assistant Company Secretary listed on page 30 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 14 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 2009/2010 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 2009/2010  nancial year
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 the 2009/2010  nancial year
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 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 7
to the Financial Statements.
Directors’ Report continued