Document ID: chunk:federal_register_of_legislation:F2025C00077:reg:17ag:p1
Version: federal_register_of_legislation:F2025C00077
Segment Type: reg
Provision Reference: reg 17AG (pt 1/4)
Character Range: 74204–77108

17AG  Information on management and accountability
 (1) For the purposes of paragraph 17AD(d), this section sets out the requirements for the information on the management and accountability of the entity for the period that is to be included in the annual report.

Corporate governance
 (2) The annual report must include the following:
 (a) information on compliance with section 10 (which deals with preventing, detecting and responding to fraud and corruption) in relation to the entity during the period;
 (b) a certification by the accountable authority of the entity that:
 (i) fraud and corruption risk assessments have been conducted and fraud and corruption control plans have been prepared; and
 (ii) appropriate mechanisms for preventing, detecting incidents of, investigating or otherwise dealing with, and recording or reporting fraud and corruption that meet the specific needs of the entity are in place for the entity; and
 (iii) all reasonable measures have been taken to deal appropriately with fraud and corruption relating to the entity;
 (c) an outline of the structures and processes that are in place for the entity during the period to implement the principles and objectives of corporate governance;
 (d) a statement of any significant issue reported to the responsible Minister under paragraph 19(1)(e) of the Act that relates to non‑compliance with the finance law in relation to the entity;
 (e) if a statement is included under paragraph (d) of this subsection—an outline of the action that has been taken to remedy the non‑compliance.

Audit committee
 (2A) The annual report must include the following:
 (a) a direct electronic address of the charter determining the functions of the audit committee for the entity;
 (b) the name of each member of the audit committee during the period;
 (c) the qualifications, knowledge, skills or experience of those members;
 (d) information about each of those members' attendance at meetings of the audit committee during the period;
 (e) the remuneration of each of those members.

External scrutiny
 (3) The annual report must include information on the most significant developments during the period in external scrutiny of the entity, and the entity's response to that scrutiny, including particulars of:
 (a) judicial decisions, or decisions of administrative tribunals or the Australian Information Commissioner, made during the period that have had, or may have, a significant effect on the operations of the entity; and
 (b) any report on the operations of the entity given during the period by:
 (i) the Auditor‑General, other than a report under section 43 of the Act (which deals with the Auditor‑General's audit of the annual financial statements for Commonwealth entities); or
 (ii) a Committee of either House, or of both Houses, of the Parliament; or
 (iii) the Commonwealth Ombudsman; and
 (c) any capability reviews