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65
QANTAS ANNUAL REPORT 2014
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 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 relevant licences and permits are held and that appropriate
monitoring procedures are in place to ensure compliance with those licences and permits. 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
year which are material in nature.
INDEMNITIES AND INSURANCE
Under the Qantas Constitution, Qantas indemnifies, to the extent permitted by law, each Director and Company Secretary of Qantas
against any liability incurred by that person as an officer of Qantas.
The Directors listed on page 40, the Company Secretaries listed on page 42 and certain individuals, who formerly held any of these
positions, have the benefit of the indemnity in the Qantas Constitution. Members of Qantas’ Executive Management team and certain
former members of the Executive Management team have the benefit 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 benefit 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 2013/2014 or to the date of this Report.
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 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 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
satisfied that:
a The non-audit services provided during 2013/2014 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 2013/2014 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 satisfied 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 has 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 confirming 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 66.
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.