Company: MOBBW
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001013762-25-003365
Chunk: 107

Company: Mobilicom Ltd
Filing Date: 2025-03-27
Form: 20-F
Item: Item 15
Chunk 107
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ITEM 15. CONTROLS AND PROCEDURES

(a) Disclosure Controls and Procedures

Our management, with the participation
of our Chief Executive Officer and Director of Finance, has evaluated the effectiveness of our disclosure controls and procedures (as
such term is defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) as of December 31, 2024, or the Evaluation Date. While there
are inherent limitations to the effectiveness of any system of disclosure controls and procedures, including the possibility of human
error and the circumvention or overriding of the controls and procedures, our disclosure controls and procedures are designed to provide
reasonable assurance of achieving their objectives. Based upon our evaluation, our Chief Executive Officer and Director of Finance have
concluded that, as of the Evaluation Date, our disclosure controls and procedures, in accordance with Exchange Act Rules 13a-15(e), (i)
are effective in recording, processing, summarizing and reporting, on a timely basis, information required to be included in periodic
filings under the Exchange Act, and (ii) that such information is accumulated and communicated to management, including our principal
executive and financial officers, as appropriate to allow timely decisions regarding required disclosure.

(b) Management’s Annual Report on Internal Control
over Financial Reporting

Our
management is responsible for establishing and maintaining adequate internal control over our financial reporting. Internal control over
financial reporting is defined in Rule 13a-15(f) or 15d-15(f) promulgated under the Exchange Act as a process designed by, or under the
supervision of, the company’s principal executive and principal financial officers and effected by the company’s board of
directors, management and other personnel, to provide reasonable assurance regarding the reliability of financial reporting and the preparation
of financial statements for external purposes in accordance with international Financial Reporting Standards (“ IFRS”) and
includes those policies and procedures that:

  pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transaction and dispositions of the assets of the company;  

  provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with IFRS, and that receipts and expenditures of the company...  

  provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the company’s assets that could have a material effect on the financial ...  

Because
of its inherent limitations, internal control over financial reporting may not prevent or detect