Audit and Risk Committee

Purpose and objectives

The Audit and Risk Committee is an advisory committee formally appointed by Council pursuant to section 53 of the Local Government Act 2020 and is responsible to the Council. The Committee does not have executive powers or authority to implement actions in areas over which management of Nillumbik Shire Council (management) has responsibility, and does not have any delegated financial responsibility. The Committee does not have any management functions and is therefore independent of management.

The Committee’s role is to report to the Council and provide appropriate advice and recommendations on matters relevant to its charter in order to facilitate decision making by the organisation comprising Council and management in relation to the discharge of its responsibilities.

The objectives of the Committee in relation to Council are to oversee the:

• integrity of external financial reporting, including accounting policies
• scope of work, objectivity, performance and independence of the external and internal auditors
• establishment, effectiveness and maintenance of controls and systems to safeguard financial and physical resources
• systems or procedures that are designed to ensure compliance with relevant statutory and regulatory requirements
• process for recognising risks arising from operations and strategies, and to consider the adequacy of measures taken to manage those risks
• process and systems which protect against fraud and improper activities including the Protected Disclosures Act procedures.

The Committee seeks also to add to the credibility of Council by promoting ethical standards through its work.

Meeting frequency

The Committee meets four times each year and the minutes are presented at a subsequent Council meeting.    

Committee period

Independent Committee members are appointed for a three-year term.

Members

This Committee is chaired by an independent member who is appointed by the Committee for a three-year term.

The Committee comprises the following representatives endorsed by Council:

• John Watson (Chairperson)
• Jonathan Kyvelidis
• Lisa Tripodi
• Cr John Dumaresq
• Cr Naomi Joiner

Agenda

The Agenda for the next Committee meeting is circulated to those attending one week prior to the meeting date. 

Minutes

Minutes from each Committee meeting are confirmed at the next meeting of the Committee.