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## Environmental regulations 

The Consolidated Entity has policies and procedures in place that are designed to ensure that, where operations are subject to any particular and significant environmental regulation under a law of the Commonwealth or of a State or Territory, those obligations are identified and appropriately addressed. 

The Voting Directors have determined that there has not been any material breach of those obligations during the financial year. 

## Non-audit services 

Fees paid or payable to the auditor of the Consolidated Entity, PwC, for non-audit services during the period ended 31 March 2014 total $A6,130,000. Further details of amounts paid or payable to PwC and its related practices are disclosed in Note 42 - Audit and other services provided by PwC. 

The Voting Directors are satisfied that the provision of non- audit services did not compromise the auditor independence requirements of the Act for the following reasons: 

$_{}$ The operation of the Consolidated Entity’s Auditor Independence Policy, which is discussed in the Corporate Governance Statement, restricts the external auditor from providing non-audit services under which the auditor assumes the role of management, becomes an advocate for the Consolidated Entity, or audits its own professional expertise. The policy also provides that significant permissible non-audit assignments awarded to the external auditor must be approved in advance by the Board Audit Committee (BAC) or the BAC Chairman, as appropriate. 

$_{}$ The BAC has reviewed a summary of non-audit services provided by PwC, including details of the amounts paid or payable to PwC for non-audit services, and has provided written advice to the Board of Directors. 

Consistent with the advice of the BAC, the Voting Directors are satisfied that the provision of non-audit services during the year by the auditor and its related practices is compatible with the general standard of independence for auditors imposed by the Act. 

## Auditor’s independence declaration 

A copy of the auditor’s independence declaration as required under section 307C of the Act, is set out in the Directors’ Report Schedule 2 following this report. 

## Rounding of amounts 

In accordance with Australian Securities & Investments Commission Class Order 98/100 (as amended), amounts in the full Directors' Report and Financial Report have been rounded off to the nearest million dollars unless otherwise indicated. 

This report is made in accordance with a resolution of the Voting Directors. 

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Sydney 2 May 2014 

