216EEligibility for appointment as independent member—the Act, Sch 6, cl 19B

216E Eligibility for appointment as independent member—the Act, Sch 6, cl 19B

216E Eligibility for appointment as independent member—the Act, Sch 6, cl 19B

A council must not appoint a person as an independent member of the council’s Audit, Risk and Improvement Committee unless the council is reasonably satisfied the person—

(a) is able to read and understand financial statements, and

(b) is able to understand the ethical requirements of government, including conflicts of interest, and

(c) is able to form independent judgements, and

(d) is willing to constructively challenge and question management practices and information, and

(e) is professional and ethical in the exercise of the person’s duties, and

(f) is able to devote the necessary time and effort to the person’s functions as a member of the committee, and

(g) has knowledge in one or more of the following that is relevant to the person’s role on the Audit, Risk and Improvement Committee—

(i) risk management,

(ii) performance management,

(iii) human resources management,

(iv) internal and external auditing,

(v) financial reporting,

(vi) accounting,

(vii) management control frameworks,

(viii) internal financial controls,

(ix) governance of organisations,

(x) business operations, and

(h) is independent of the council.

s 216E: Ins 2023 (643), Sch 1.