ANZ Digital Business and Technology Committee Charter
Contents
1.
2.
3.
4.
5.

Purpose and Authority
Role of the Committee
Responsibilities
Meetings
External Expertise

1

Purpose and Authority

1.1

PurposeThe purpose of this charter (Charter) is to set out the authority delegated to theANZ Digital Business and Technology Committee (Committee) of ANZ Group
Holdings Limited (ANZGHL) by the board of directors of ANZGHL (Board) and toset out the roles, responsibilities, and operation of the Committee in relation toANZGHL and its subsidiaries (collectively, ANZ or the Group).

1.2Authoritya) The Committee is established by the Board in accordance with the ANZGHLconstitution.
b) The ANZ Board Committee Standing Rules are incorporated into this Charter. To
the extent of any inconsistencies, the terms in this Charter will prevail.
c) The Committee has the authority and necessary powers to exercise the role andresponsibilities set out in this Charter and granted to it under any separate
resolutions of the Board from time to time.
2

Role of the Committee
The role of the Committee is to assist the Board in the effective discharge of its
responsibilities by providing oversight of the Group’s digital transformation, data,technology, technology-related innovation and information/cyber securitystrategies.

3Responsibilities
To accomplish its role, the Committee:
Digital, Technology Innovation and Cyber Securitya) Monitors and provides guidance as appropriate on, matters relating to ANZ’s
digital transformation, technology-related innovation and information/cybersecurity strategies. This includes:

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i.

periodic reviews of ANZ’s key digital transformation, technology andinformation/cyber security strategies to confirm that they are beingdelivered at the appropriate pace and remain fit-for-purpose; andii.

review of significant emerging technology, digitisation, information
security and cyber security issues and trends that may affect ANZ.

Delivery of Key Programsb) Monitors the delivery of the key programs that form part of ANZ’s digitaltransformation, technology, technology-related innovation, andinformation/cyber security strategies. This includes reviewing:i.

issues arising from various phases of the programs;ii.

the budget, deliverables and scheduling for the programs, to ensuretransparency of technology costs and discipline in resource allocation;iii.

the robustness of technology solutions; andiv.

the development of and changes to the programs.

Delivery of Material Investmentsc) Recommends to the Board and monitor the delivery of material digitaltransformation and technology investments, including those exceeding
AUD100 million.
Review health and relevance of ANZ’s technology suited) Reviews health and relevance of ANZ’s technology suite to ensure secure,stable and reliable services. This includes monitoring:i.

the delivery of technology services to ANZ, including:a. service performance (including stability, reliability and recoverability);b. simplification of technology architecture;c. significant technology investments; andd. performance of key suppliers and partners.
ii.

the effectiveness of ANZ’s data governance;iii.

the effectiveness of ANZ’s management and control mechanisms in
relation to information and cyber security risks;iv.

planning for lifecycle management of key technology assets; andv.

referring key technology risk issues to the ANZGHL Risk Committee and/or
the Australia and New Zealand Banking Group Limited Risk Committee orGroup Chief Risk Officer, as appropriate.

4Meetings

4.1

The Committee will meet at least three times annually and more frequently if it
deems necessary.

4.2

Representatives of Management may be invited to attend part or all of any
meeting of the Committee. The Committee may request certain parties towithdraw from any part of a meeting.

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5.1

The Committee may utilise specialised external advisory expertise to assist theCommittee in carrying out its responsibilities by:
5.1.1 recommending that external experts be appointed as advisors to theCommittee;
5.1.2 inviting external experts to attend and provide input at Committee
meetings as non-member attendees; and or
5.1.3 establishing, and appointing external experts to, an advisory panel (or asubcommittee) to assist the Committee with respect to such matters as
may be determined by the Committee from time to time.

5.2

Where the Committee takes steps under paragraph 5.1 to utilise external experts,
Management will provide those experts with such information and assistance asnecessary to enable the experts to carry out their role. This may include meetingand consulting with such experts during the periods between scheduled Committee
meetings.

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