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REVIEW OF OPERATIONS
The review of operations of the Group
is contained in the Chief Executive
Officer’s and Chairman’s Report.
ENVIRONMENTAL
REGULATION
ARTC is committed to managing its
operational activities and services in
an environmentally responsible manner
to meet its legal, social and ethical
obligations. ARTC holds licences from
both the Environment Protection
Authority of South Australia and the
Environment Protection Authority of
NSW. In South Australia, the licence
is held under Part 6 of the Environment
Protection Act 1993 to undertake
the activity of “Railway Operations”.
The licence is due to expire on 31
January 2019. In New South Wales,
the licence is held under Section 55
of the Protection of the Environment
Operations Act 1997 to undertake
“Railway Systems Activities”. The licence
has an anniversary date of September 5
and is subject to payment of the fee and
provision of annual returns, continues
until the parties agree to change or
withdraw it. To date, ARTC has complied
with the requirements of both licence
agreements. Other than in South
Australia and New South Wales,
ARTC is not required to be licensed.
INDEMNIFICATION
OF OFFICERS
During the reporting period, ARTC had
in place insurance cover in respect of
liabilities arising from the performance of
the Directors and Officers of the Group.
The disclosure of the premium paid
under section 300(8) (b) of the
Corporations Act 2001 is not shown
as the insurance contract between
ARTC and the insurer prohibits ARTC
from disclosing such information.
No known liability has arisen under
the insurance contract as at the date
of this report.
NON-AUDIT SERVICES
Non-audit services can be found in
note 17 of the Financial Statements.
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