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obligations of the Financial Administration and Audit Act 1977
and the Financial Management Standard 1997), who provides
advice on audit and audit related matters.
The Chief Executive of Stadiums Queensland, General
Manager Corporate Services and the Financial Controller
attend meetings as observers. This ensures appropriate
separation between the Committee as the body responsible
for oversight and monitoring corporate governance within
Stadiums Queensland and the managers responsible for the
administration of the business.
The Committee focuses on strategic risk issues facing Stadiums
Queensland and provides advice on the control mechanisms
(implemented by management) to protect the organisation’s
assets and promote efficient and effective work practices.
Officers of the Queensland Audit Office (QAO) attend meetings
of the Audit, Risk and Compliance Committee.
The Audit, Risk and Compliance Committee has due regard
for the terms of its charter and Queensland Treasury’s Audit
Committee Guidelines in the conduct of its business.
External Committees –
(Committees attended by Stadiums
Queensland representatives convened
by other agencies)
Government Asset Management Arena
Established as a whole-of-government body, the Government
Asset Management Arena is a forum for discussion on best
practice government asset management. Asset managers from
all government agencies and units attend the Arena. Stadiums
Queensland’s General Manager Asset Management and
Development is a member of this group.
Events Coordination Forum
Q150
Queensland’s 150th Celebrations in 2009 commemorate
Queensland’s independence from New South Wales as a colony.
The vision for the celebrations ‘reflect on our past, imagine
our future’ will drive the program around the four broad
themes of history, people, places and future. The celebratory
program incorporates both existing events and new initiatives
to generate interest and engage Queenslanders across the
State. Stadiums Queensland’s General Manager Business
Development and Marketing is a member of this committee.
Suncorp Stadium Management Advisory Committee
A Stadium Management Advisory Committee (SMAC) has
been established to fulfil a condition of the Suncorp Stadium
Development Approval. Suncorp Stadium’s Chief Executive
Officer convenes SMAC on behalf of Stadiums Queensland.
This Committee comprises representatives from emergency
service agencies, transport providers, Brisbane City Council
and community organisations. These meetings enable
Stadium Management to receive a range of views regarding
the operation of the stadium. Three SMAC meetings were held
during the financial year.
Risk Management
The identification and proper management of risk is embedded
in Stadiums Queensland’s business processes and operating
procedures. In addition, Stadiums Queensland has several
Committees that address risk management issues:
• Stadiums Queensland’s Executive Committee provides a
coordinated approach to the management of risks at the
operational level; and
• The Audit, Risk and Compliance Committee focuses on
key strategic risk issues facing Stadiums Queensland and
ensures mechanisms are in place to effectively protect
assets and the safe operation of the business.
The Events Coordination Forum is convened by the Department
of Premier and Cabinet as a means to communicate and
coordinate the whole-of-government approach to attracting a
large variety of events to Queensland. Stadiums Queensland’s
General Manager Business Development and Marketing is a
member of this forum.
Annual Report 2008–09
19