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DIRECTORS’ REPORT
Annual Report 2015 89
Directors' report
30 June 2015
Insurance of officers and indemnities
During the financial year, the Company paid an insurance premium in respect of a contract insuring the Directors and
executive officers of the Company and of any related body corporate against a liability incurred as such a Director or
executive officer to the extent permitted by the Corporations Law. The contract of insurance prohibits disclosure of the
nature of the liability and the amount of the premium.
The Company has not otherwise, during or since the end of the financial year, indemnified or agreed to indemnify an
officer of the Company or of any related body corporate against a liability incurred by such an officer.
Proceedings on behalf of the company
No person has applied to the Court under section 237 of the
Corporations Act 2001
for leave to bring proceedings on
behalf of the Company, or to intervene in any proceedings to which the Company is a party, for the purpose of taking
responsibility on behalf of the Company for all or part of those proceedings.
The Company was not a party to any such proceedings during the year.
Non-audit services
The Company may decide to employ the auditor on assignments additional to their statutory audit duties where the
auditor's expertise and experience with the Company and/or the Group are important.
Details of the amounts paid or payable to the auditor (BDO Audit (WA) Pty Ltd) for non-audit services provided during
the year are set out below.
The Directors are satisfied that the provision of the non-audit services is compatible with the general standard of
independence for auditors imposed by the Corporations Act 2001. The Directors are satisfied that the provision of
non-audit services by the auditor did not compromise the auditor independence requirements of the
Corporations Act
2001
nor the principles set out in APES110
Code of Ethics for Professional Accountants
.
During the year the following fees were paid or payable for non-audit services provided by the auditor of the parent
entity, its related practices and non-related audit firms:
2015
$
2014
$
Other services
BDO Audit (WA) Pty Ltd firm:
Other services in relation to the entity and any other entity in the consolidated
Group
35,913
2,350
Total remuneration for non-audit services
35,913
2,350
Auditor's independence declaration
A copy of the auditor's independence declaration as required under section 307C of the
Corporations Act 2001
is set out
on page 90.
Rounding of amounts
The Company is of a kind referred to in Class Order 98/100, issued by the Australian Securities and Investments
Commission, relating to the 'rounding off' of amounts in the directors' report. Amounts in the directors' report have been
rounded off in accordance with that Class Order to the nearest thousand dollars, or in certain cases, to the nearest
dollar.
This report is made in accordance with a resolution of Directors.
Peter Bilbe
Chairman
Perth, Western Australia
Dated this 21st day of August 2015
Independence Group NL
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