Board Charter
Our Board has developed and adopted a Board Charter which deals with governance, the role and responsibilities of the Board, and the term and tenure of elected Directors - guided by the Australian Prudential Regulation Authority's (APRA) standard regarding Governance.
Fit and Proper Policy
The Fit and Proper Policy was developed to meet APRA's standard regarding Fit & Proper which took effect 1 October 2006 and is reviewed by the Board annually.
Audit and Risk Committee
The role of the Audit and Risk Committee is to assist the Board of the Credit Union in the effective discharge of its responsibilities for financial information and reporting, internal controls, compliance and risk management, and the internal and external audit processes.
Executive Committee
The role of the Executive Committee is to assist the Board by implementing Board policy, setting the agenda for Board meetings and carrying out tasks as delegated by the Board.
Governance Committee
The role of the Governance Committee is to assist the Board in the discharge of its responsibilities by developing, reviewing and making recommendations on governance policies, practices and processes.
Nominations Committee
The role of the Nominations Committee is to ensure that candidates standing for election or appointment to the Board meet the APRA prudential requirements and the Credit Unions Fit & Proper Policy.
Remuneration Committee
The role of the Remuneration Committee is to assist the Board in fulfilling its obligations and repsonsibilities with respect to the effective management and adherence of APRA's remuneration standards.