AITSL Annual Report 2011-12 - Australian Institute for Teaching and ...

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Don AbellInstitute of Chartered Accountants in Australia.CommitteesMr Abell has extensive experience in professional accounting overmore than 30 years, including 25 years as a partner within the charteredboard chairman for a number of companies.Audit and Risk CommitteeThe primary objectives of the Audit and Risk Committee are to provide independentassurance and assistance to the Board of Directors on the Australian Institute forthe functions required under section 44 of the Commonwealth Authorities and CompaniesAct 1997.The Audit and Risk Committee’s charter outlines the Committee’s composition, its roleand responsibilities, and reporting and administrative arrangements.Following the changes to the AITSL Board, the Committee’s membership was reduced tothree from 1 April 2012.Finance CommitteeThe AITSL Board of Directors established the Finance Committee in March 2010 to assistCorporations Act 2001 and the Commonwealth Authorities and Companies Act 1997.The Finance Committee Charter outlines the authority, composition, purpose, role andresponsibilities, reporting and administrative arrangements.Following the changes to the AITSL Board, the Committee’s membership was reduced tofour from 1 April 2012.Remuneration CommitteeThe Remuneration Committee advises the Board of Directors on the salary, conditions,and performance of the Chief Executive.Meetingsmeetings. The Remuneration Committee held one meeting.26 AITSL Annual Report 2011–2012
The number of meetings attended by each Director is shown below. ** Mr Richard Bolt was appointed as a Director from 1 February 2012*** Mr Norm Hart was appointed as a Director from 1 April 2012AITSL Annual Report 2011–201227
Page 3 and 4: AITSL is funded by the Australian G
Page 8: From the ChairI am delighted to pre
Page 14 and 15: Directors’ ReportThe Directors of
Page 17 and 18: Richard Bolt - nominated by the Vic
Page 19 and 20: Angelo Gavrielatos - nominated by t
Page 21 and 22: Jeff Rosewarne - Nominated by the V
Page 23 and 24: ChairAnthony Mackay - nominated by
Page 25 and 26: CEOMargery EvansShe has had a long
Page 27: General ManagerKeren CapleKeren Cap
Page 31 and 32: commissioned supporting research an
Page 33 and 34: AITSL has established controls to s
Page 35 and 36: Professional Learning ConventionA m
Page 37 and 38: Teacher Feature was the result of a
Page 39 and 40: In October 2011, MCEECDYA endorsed
Page 41 and 42: FrameworkIn October 2011, the Minis
Page 43 and 44: Initial Teacher Education - Profess
Page 45 and 46: National Professional Standard for
Page 47 and 48: The School Leadership Clearinghouse
Page 49 and 50: projects and committed to using and
Page 51 and 52: In 2011, AITSL managed the inaugura
Page 53 and 54: Consistent with the intent of the A
Page 55 and 56: Assessment for MigrationMigration R
Page 57 and 58: AITSL Annual Report 2011-201255
Page 59 and 60: Auditor’s independence declaratio
Page 61 and 62: AITSL Annual Report 2011-201259
Page 63 and 64: AssetsCurrent assetsCash and cash e
Page 65 and 66: Government funding 18,900,909 13,80
Page 67 and 68: AITSL receives revenue through a fu
Page 69 and 70: 1.8 LiabilitiesTrade creditors and
Page 71 and 72: Services Tax (GST).Revenues, expens
Page 73 and 74: AITSL initially recognises debt sec
Page 75 and 76: financiald simplifies rclassificati
Page 77 and 78: Note 3 - Current assets Total hel
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Gross book value 28,000 324,146 N
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251,356 251,356Additional provision
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Note 10 - Senior executive remunera
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Note 12 - Financial risk management
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than a contingent asset for the rec
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Note 15 - Member’s guaranteeAustr
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AppendicesAppendix 1: Letter of Exp
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AITSL Annual Report 2011-201291
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GlossaryAAREACARAACDEACEACECQAACELA
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