Note 33
Remuneration of auditors
(a) Assurance services
Consolidated
2012
2011
$
$
(i) Audit services
The following total remuneration was received or is due and receivable,
by the Australian National Audit Office in respect of its services,
including those performed by its contractors KPMG
Auditing the financial report of the entity in the consolidated group
231,000
225,000
Total remuneration for audit services
231,000
225,000
Other assurance services
The following total remuneration was received or is due and
receivable, by the Australian National Audit Office in respect of its
services, including those performed by its contractors KPMG
Fees for Auslink Grant Audit
8,300
6,500
Total remuneration for audit related services
8,300
6,500
(ii) Other services
Other non audit services
7,060
52,235
Total remuneration for other services
7,060
52,235
Note 34
Contingencies
Contingent liabilities and contingent assets
The consolidated entity accounts for costs
associated with rectifying rail access related
incidents following their occurrence. Income
from subsequent insurance and other
recoveries is only recognised when there is
a contractual arrangement in place and the
income is virtually certain of being received.
As a result, certain potential insurance and
or other recoveries have not been recognised
at year end, as their ultimate collection is not
considered virtually certain.
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