Annual Report

Ausgrid – Annual Report 2014/15 85
Consultancies
Ausgrid engaged three consultancies for major projects (more than $50,000) totalling $6.3 million as detailed below.
An additional two consultancies were engaged on other projects costing or less than $50,000 each. The total cost of these engagements
was $86,300 as detailed below.
Consultant Name Project $
Huegin Consulting Group Pty Ltd Business Cost Benchmarking 155,500
Leading Edge Safety Systems Pty Ltd NNSW Safety Culture Assessment 199,330
PWC Strategy & (Australia) Pty Ltd NNSW Sustainability Review Project 5,924,857
Total
6,279,687
The PWC Strategy & (Australia) Pty Ltd and Leading Edge Safety Systems consultancy fees of $6.1 million were incurred by Ausgrid as
commissioning agency on behalf of Networks NSW. $3.1 million of this amount was recovered from Endeavour Energy and Essential Energy
through a management fee.
Category $
Management Services 86,300
Total 86,300
Credit card certification
Ausgrid’s corporate and purchasing card program is governed by approved policies and procedures that were developed and aligned to the
Treasury Circular NSW TC 11/15 Use of Purchasing Cards and Electronic Payment Methods Policy, issued in December 2011.
Digital Information Security
Ausgrid's information security management system (ISMS) is based and modelled on the ISO27001 standard and framework as
recommended by the NSW Government. It contains a set of internal policies and procedures related to digital information security.
Ausgrid undertakes a managed process of vulnerability testing and internal audits to test its controls and to mitigate identified risks to
its information assets. Due to the evolution of information security threats an annual continuous program is developed and implemented
to maintain an acceptable risk profile for the organisation. The current ISMS (including planned improvements) and associated digital
information systems security controls are deemed adequate for the foreseeable future.
Disclosure of approved exemptions
A list of financial and annual reporting exemptions for agencies not in competition:
Payment of accounts
• performance in paying accounts, including action to
improve payment performance.
Time for payment of accounts
• reasons for late payments
• interest paid due to late payments.
Rounding off – all amounts shown in the financial
report of a statutory body may be expressed
by reference to the nearest $1,000.
Schedule 1 ARSBR
Schedule 1 ARSBR
Clause 5 – Public Finance and Audit
Regulation 2010
Statutory State Owned Corporations are
not subject to the payment of accounts
provisions in c13 of the Public Finance and
Audit Regulation 2010.
As above.
The Corporation is exempt from Part 2
paragraph 5 of the Public Finance and Audit
Regulation 2010