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Wool Stocktake : AWI Annual Report 2016-17
DIRECTORS’ REPORT (CONTINUED) ENVIRONMENTAL REGULATION The entity’s operations are not subject to any particular or significant environmental regulations under either Commonwealth or State legislation. STATUTORY FUNDING AGREEMENT OBLIGATIONS In addition to annual reporting requirements, there are further reporting requirements imposed upon the parent company under the Statutory Funding Agreement between Australian Wool Innovation Limited and The Commonwealth of Australia. A number of the matters identified in this report contain commercial in confidence information and the company has elected to exercise its prerogative to provide that report separately to the Commonwealth on an ‘in confidence’ basis. AUDITOR'S INDEPENDENCE DECLARATION A copy of the auditor's independence declaration as required under section 307C of the Corporations Act 2001 is set out on page 63. ROUNDING OF AMOUNTS The company is of a kind referred to in Class Order 98/100, issued by the Australian Securities and Investments Commission, relating to the 'rounding off' of amounts in the directors' report. Amounts in the directors' report have been rounded off in accordance with that Class Order to the nearest thousand dollars, or in certain cases, to the nearest dollar. AUDITOR PricewaterhouseCoopers continues in office in accordance with section 327 of the Corporations Act 2001. This report is made in accordance with a resolution of directors. Mr W B Merriman (Chairman) Director Sydney 1 September 2017 62 FINANCIAL REPORT
AWI Annual Report 2015-16
AWI Annual Report 2017-18