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Audit Committee Charter – Ku-ring-gai Council Page 10<br />

Where mem<str<strong>on</strong>g>be</str<strong>on</strong>g>rs or invitees <strong>at</strong> Committee <str<strong>on</strong>g>meeting</str<strong>on</strong>g>s are deemed <str<strong>on</strong>g>to</str<strong>on</strong>g> have a real or<br />

perceived c<strong>on</strong>flict <str<strong>on</strong>g>of</str<strong>on</strong>g> interest, it <strong>may</strong> <str<strong>on</strong>g>be</str<strong>on</strong>g> appropri<strong>at</strong>e they <str<strong>on</strong>g>be</str<strong>on</strong>g> excused from Committee<br />

deli<str<strong>on</strong>g>be</str<strong>on</strong>g>r<strong>at</strong>i<strong>on</strong>s <strong>on</strong> the issue where the c<strong>on</strong>flict <str<strong>on</strong>g>of</str<strong>on</strong>g> interest <strong>may</strong> exist. The final arbiter<br />

<str<strong>on</strong>g>of</str<strong>on</strong>g> such a decisi<strong>on</strong> is the Chair <str<strong>on</strong>g>of</str<strong>on</strong>g> the Committee.<br />

9.5 Inducti<strong>on</strong><br />

New mem<str<strong>on</strong>g>be</str<strong>on</strong>g>rs will receive relevant inform<strong>at</strong>i<strong>on</strong> and briefings <strong>on</strong> their appointment <str<strong>on</strong>g>to</str<strong>on</strong>g><br />

assist them <str<strong>on</strong>g>to</str<strong>on</strong>g> meet their Committee resp<strong>on</strong>sibilities.<br />

9.6 Assessment Arrangements<br />

The Chair <str<strong>on</strong>g>of</str<strong>on</strong>g> the Committee will initi<strong>at</strong>e a review <str<strong>on</strong>g>of</str<strong>on</strong>g> the performance <str<strong>on</strong>g>of</str<strong>on</strong>g> the<br />

Committee <strong>at</strong> least <strong>on</strong>ce every two years. The review will <str<strong>on</strong>g>be</str<strong>on</strong>g> c<strong>on</strong>ducted <strong>on</strong> a selfassessment<br />

basis (unless otherwise determined by the Chair), with appropri<strong>at</strong>e input<br />

from management and any other relevant stakeholders, as determined by the Chair.<br />

9.7 Review <str<strong>on</strong>g>of</str<strong>on</strong>g> Audit Committee Charter<br />

At least <strong>on</strong>ce every two years the Audit Committee will review this Audit Committee<br />

Charter.<br />

10. Changes <str<strong>on</strong>g>to</str<strong>on</strong>g> the Charter<br />

The Audit Committee will approve any changes <str<strong>on</strong>g>to</str<strong>on</strong>g> this Audit Committee Charter.

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