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DIVIDENDS
On 9 November 2016 the Group
made a payment of $29,893,000 to
the shareholder as the final dividend
for the 2015/16 financial year.
On 30 May 2017, the Group made
a payment of $52,921,000 to the
shareholder as an interim dividend.
The final dividend for the 2016/17 year
has been determined targeting payment
in October 2017.
REVIEW OF OPERATIONS
The review of operations of the Group
is contained in the Chairman’s and the
Chief Executives Officer’s Reports.
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 FROM
EXTERNAL AUDITORS
There were no non-audit services
provided by the External Auditors
during 2016-17 or the prior year.
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