Audit and Risk Management Committee Charter - Annual Action Points

Review half-year, annual and, if applicable, quarterly financial statements
Assess management's selection of accounting policies and principles
Consider the external audit of the financial statements and the external auditor's report thereon including an assessment of whether external reporting is consistent with Committee members' information and knowledge
Consider internal controls including the Company's policies and procedures to assess, monitor and manage financial risks (and other business risks if authorised)
Assess if the external auditors report is adequate for shareholder needs

Discuss the Company's choice of accounting policies and methods, and any recommended changes
Discuss the adequacy and effectiveness of the Company's internal controls
Discuss any significant findings and recommendations of the external auditor and management's response thereto
Discuss any difficulties or disputes with management encountered during the course of the audit including any restrictions or access to required information

Review the Company's Procedure for the Selection, Appointment and Rotation of External Auditor
Recommend to the Board to appoint and, if necessary, remove the external auditor and approve the terms on which the external auditor is engaged
Establish/review permissible services that the external auditor may perform for the Company and pre-approve all audit/non-audit services
Confirm the independence of the external auditor, including reviewing the external auditor's non-audit services and related fees
Assess the overall performance of the external auditor
Ensure that the external auditor is requested to attend the Annual General Meeting of the Company and is available to answer questions from shareholders

Provide the report described in clause 5 of this Audit and Risk Management Committee Charter
Regularly update the Board about Committee activities and make appropriate recommendations
Ensure the Board is fully aware of matters which may significantly impact the financial conditions or affairs of the business

Verify the membership of the Committee is in accordance with the Audit and Risk Management Committee Charter
Review the independence of each Committee member based on the Company's Policy on Assessing the Independence of Directors
Review and update the Audit and Risk Management Committee Charter and Action Points
Develop and oversee procedures for treating complaints or employee concerns received by the Company regarding accounting, internal accounting controls, auditing matters and breaches of the Company's Code of Conduct