Company: COOT
Filing Date: 2025-03-21
Form Type: DEF 14A
Source: 0001641172-25-000118
Chunk: 22

Company: Australian Oilseeds Holdings Ltd
Filing Date: 2025-03-21
Form: DEF 14A
Chunk 22
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 de minimis exception allowed by law).                                                                                                   |
| ● | Incremental fees for previously                                                                                                         
 approved non-audit services that are expected to exceed the previously approved fee estimate must also be pre-approved by the Audit     
 Committee.                                                                                                                              |

<div align='center'>OUR BOARD RECOMMENDS A VOTE “ FOR” THE RATIFICATION OF THE APPOINTMENT OF

BDO AUDIT PTY LTD. AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

FOR THE YEAR ENDING JUNE 30, 2024.</div>

Audit Committee Report

The Audit Committee is appointed by the Board to
assist the Board in fulfilling its oversight responsibilities with respect to (a) the integrity of the Company’s financial statements
and financial reporting process and systems of internal controls regarding finance, accounting, and compliance with legal and regulatory
requirements, (b) the qualifications, independence, and performance of the Company’s independent registered public accounting firm,
(c) the performance of the Company’s internal audit function, and (d) other matters as set forth in the charter of the Audit Committee
approved by the Board.

Management is responsible for the Company’s
financial statements and the financial reporting process, including the systems of internal controls and disclosure controls and procedures.
BDO, as the Company’s independent registered public accounting firm, is responsible for performing an independent audit of the
Company’s financial statements in accordance with generally accepted auditing standards and the Company’s internal control
over financial reporting and for issuing a report thereon. The Audit Committee’s responsibility is to monitor and oversee these
processes.

In connection with these responsibilities, the Audit
Committee reviewed and discussed with management and BDO the audited consolidated financial statements of the Company for the year ended
June 30, 2024. The Audit Committee also discussed with BDO the matters required to be discussed by the applicable requirements of the
Public Company Accounting Oversight Board (“PCAOB”) and the SEC. In addition, the Audit Committee received the written disclosures
and the letter from BDO required by the applicable requirements of the PCAOB regarding BDO’s communications with the Audit Committee
concerning independence and has discussed with BDO its independence.

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Based on the reviews and discussions referred to
above, the Audit Committee recommended to the Board that the audited consolidated financial statements of the Company be included in
the Company’s Annual Report on Form 10-K for the year ended June 30, 2024, that was filed with