In New South Wales, the licence is held
under Section 55 of the Protection of the
Environment Operations Act 1997 to
undertake “Railway Systems Activities”.
The licence expires on 5 September 2014
and an application for renewal will be
lodged prior to expiration. To date, ARTC
has complied with the requirements of
both licence agreements. Other than in
South Australia and New South Wales,
ARTC is not required to be licensed.
INDEMNIFICATION OF
OFFICERS
During the reporting period, ARTC had
in place insurance cover in respect of
liabilities arising from the performance of
the Directors and Officers of the Group.
The disclosure of the premium paid
under section 300(8) (b) of the
Corporations Act is not shown as the
insurance contract between ARTC
and the insurer prohibits ARTC from
disclosing such information.
No known liability has arisen under
the insurance contract as at the date
of this report.
NON-AUDIT SERVICES
Non-audit services can be found in note
17 of the Financial Statements.
AUDITOR’S INDEPENDENCE
DECLARATION
A copy of the auditor’s independence
declaration as received by the Directors
as required under section 307C of the
Corporations Act 2001 is set out below.
Signed in accordance with a resolution
of the Directors:
J Caldon
Director
J Fullerton
Director
Signed in Sydney on the 28th day of August 2014
Australian Rail Track Corporation Ltd
Financial Report 2013-14 Auditor’s
Independence Declaration
In relation to my audit of the financial
report of Australian Rail Track Corporation
Ltd consolidated entity for the year ended
30 June 2014, to the best of my knowledge
and belief, there have been:
(i) no contraventions of the auditor
independence requirements of the
Corporations Act 2001; and
(ii) no contravention of any applicable code
of professional conduct.
Auditor
Australian National Audit Office
Peter Kerr
Executive Director
Delegate of the Auditor - General
Signed in Canberra on the 28th of August 2014
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