{ "entity_id": "B-001973", "folder": "Companies-Auditors-Disciplinary-Board", "name": "Companies Auditors Disciplinary Board", "type": "Statutory Body", "jurisdiction": "Commonwealth", "portfolio": "Treasury", "website": "http://www.cadb.gov.au/", "data_status": "rich", "completeness": { "has_strategy_brief": true, "has_strategy_structured": true, "has_vision": false, "has_kpi_targets": true, "has_kpi_results": true, "has_strategy_overview": true, "has_legislation_text": true, "has_legislation_structured": false, "has_global_initiatives_text": false, "has_ideas": true, "has_artifacts": true, "n_ideas": 12, "n_legislation": 0, "n_artifacts": 10, "n_kpi_targets": 3, "n_kpi_results": 3, "n_outcomes": 1, "verified_own_data": true }, "strategy_profile": { "status": "published", "confidence": "high", "summary": "CADB is a statutory body established under Part 11 of the ASIC Act, but which operates as a wholly independent body from ASIC. CADB’s powers and functions are set out in Part 11 of the ASIC Act and Part 9.2 Division 3 of the Corporations Act. The primary role of CADB within this scheme is to act as an independent expert disciplinary tribunal to consider applications for the cancellation or suspension of the registration of company auditors under the provisions of the Corporations Act. [AR p.10]", "official_site_url": "http://www.cadb.gov.au/", "source_documents": [ { "type": "annual_report", "title": "CADB Annual Report 2024-2025", "url": "https://www.cadb.gov.au/media/2gufmza4/cadb-annual-report-2024-25.pdf", "period": "2024-25", "confidence": "high" }, { "type": "annual_report", "title": "CADB Annual Report 2023-2024", "url": "https://www.cadb.gov.au/media/5jlawgle/cadb-annual-report-2023-2024.pdf", "period": "2023-24", "confidence": "high" }, { "type": "annual_report", "title": "CADB Annual Report 2022-2023", "url": "https://www.cadb.gov.au/media/q35n4s4g/cadb-annual-report-2022-2023.pdf", "period": "2022-23", "confidence": "high" }, { "type": "annual_report", "title": "CADB Annual Report 2021-2022", "url": "https://www.cadb.gov.au/media/o2zhngk3/cadb-annual-report-2021-2022.pdf", "period": "2021-22", "confidence": "high" }, { "type": "annual_report", "title": "CADB Annual Report 2020-2021", "url": "https://www.cadb.gov.au/media/yrybxwff/cadb-2021-annual-report.pdf", "period": "2020-21", "confidence": "high" } ], "purpose": { "text": "CADB is a statutory body established under Part 11 of the ASIC Act, but which operates as a wholly independent body from ASIC. CADB’s powers and functions are set out in Part 11 of the ASIC Act and Part 9.2 Division 3 of the Corporations Act. The primary role of CADB within this scheme is to act as an independent expert disciplinary tribunal to consider applications for the cancellation or suspension of the registration of company auditors under the provisions of the Corporations Act. [AR p.10]", "source_url": "", "source_page": 10, "source_deep_url": "" }, "vision": null, "strategic_priorities": [ { "title": "implementing improved, more stable and transparent arrangements for staffing and resourcing auditor disciplinary functio", "description": "implementing improved, more stable and transparent arrangements for staffing and resourcing auditor disciplinary functions", "source_url": "", "source_page": 6, "source_deep_url": "" }, { "title": "providing more clarity around what cases trigger referral to CADB", "description": "providing more clarity around what cases trigger referral to CADB", "source_url": "", "source_page": 6, "source_deep_url": "" }, { "title": "removing the Australian Security and Investments Commission’s (ASIC’s) discretion over whether auditors can avoid a disc", "description": "removing the Australian Security and Investments Commission’s (ASIC’s) discretion over whether auditors can avoid a disciplinary process by resigning", "source_url": "", "source_page": 6, "source_deep_url": "" }, { "title": "compelling the findings of ASIC audit surveillance reports to be automatically referred to CADB", "description": "compelling the findings of ASIC audit surveillance reports to be automatically referred to CADB", "source_url": "", "source_page": 6, "source_deep_url": "" }, { "title": "giving CADB the power to make own-motion investigations, in addition to receiving referrals from ASIC or the Australian ", "description": "giving CADB the power to make own-motion investigations, in addition to receiving referrals from ASIC or the Australian Prudential Regulation Authority", "source_url": "", "source_page": 6, "source_deep_url": "" } ], "values": [ { "name": "expertise", "description": "", "source_url": "", "source_page": null }, { "name": "transparency", "description": "", "source_url": "", "source_page": null }, { "name": "fairness", "description": "", "source_url": "", "source_page": null } ], "outcomes": [ { "name": "Outcome 1: Effective disciplinary actions for auditors", "description": "To ensure that auditors who fail to meet professional standards are subject to appropriate disciplinary actions, including cancellation or suspension of registration, undertakings, admonishments, reprimands, and financial penalties.", "activities": [ "issuing sanctions", "conducting hearings", "publishing decisions" ], "source_url": "", "source_page": 10, "source_deep_url": "" } ], "performance_measures": [ { "code": "CCE01", "measure": "Number of hearings conducted", "target": "Increase by 50%", "latest_result": "5 hearings", "status": "Partially achieved", "target_source_url": "", "target_source_page": null, "result_source_url": "https://www.cadb.gov.au/media/2gufmza4/cadb-annual-report-2024-25.pdf", "result_source_page": null }, { "code": "CCE02", "measure": "Percentage of cases resolved within 12 months", "target": "95%", "latest_result": "90%", "status": "Mostly achieved", "target_source_url": "", "target_source_page": null, "result_source_url": "https://www.cadb.gov.au/media/2gufmza4/cadb-annual-report-2024-25.pdf", "result_source_page": null }, { "code": "CCE03", "measure": "Number of sanctions imposed", "target": "Increase by 20%", "latest_result": "3 sanctions", "status": "Achieved", "target_source_url": "", "target_source_page": null, "result_source_url": "https://www.cadb.gov.au/media/2gufmza4/cadb-annual-report-2024-25.pdf", "result_source_page": null } ], "document_alignment_terms": { "must_support": [ "CADB is a statutory body established under Part 11 of the ASIC Act, but which operates as a wholly independent body from ASIC. CADB’s powers and functions are set out in Part 11 of", "implementing improved, more stable and transparent arrangements for staffing and resourcing auditor disciplinary functions", "providing more clarity around what cases trigger referral to CADB", "removing the Australian Security and Investments Commission’s (ASIC’s) discretion over whether auditors can avoid a disciplinary process by resigning", "compelling the findings of ASIC audit surveillance reports to be automatically referred to CADB", "giving CADB the power to make own-motion investigations, in addition to receiving referrals from ASIC or the Australian Prudential Regulation Authority" ], "watch_terms": [ "Number of hearings conducted", "Percentage of cases resolved within 12 months", "Number of sanctions imposed" ], "avoid_claiming_without_evidence": [] }, "review_note": "" }, "strategy_brief_md": "# Companies Auditors Disciplinary Board — Strategy Brief\n\n**Reporting period**: 2024-25\n**Corporate plan in force**: 2025-26\n**Annual Report**: [2024-25](https://www.cadb.gov.au/media/2gufmza4/cadb-annual-report-2024-25.pdf)\n\n## Our purpose / purposes\n\n> CADB is a statutory body established under Part 11 of the ASIC Act, but which operates as a wholly independent body from ASIC. CADB’s powers and functions are set out in Part 11 of the ASIC Act and Part 9.2 Division 3 of the Corporations Act. The primary role of CADB within this scheme is to act as an independent expert disciplinary tribunal to consider applications for the cancellation or suspension of the registration of company auditors under the provisions of the Corporations Act. [AR p.10](https://www.cadb.gov.au/media/2gufmza4/cadb-annual-report-2024-25.pdf#page=10) [CP p.10]\n\n## How we deliver\n\n> CADB’s capacity to evaluate applications by reference to its own expert knowledge of professional standards places it in a unique position to deal with complex audit matters and provides the option for a hearing without time consuming and costly expert evidence which is often necessary in other tribunals and in the courts. [AR p.11](https://www.cadb.gov.au/media/2gufmza4/cadb-annual-report-2024-25.pdf#page=11) [CP p.11]\n\n## Government priorities for this department\n\n- implementing improved, more stable and transparent arrangements for staffing and resourcing auditor disciplinary functions [CP p.6]\n- providing more clarity around what cases trigger referral to CADB [CP p.6]\n- removing the Australian Security and Investments Commission’s (ASIC’s) discretion over whether auditors can avoid a disciplinary process by resigning [CP p.6]\n- compelling the findings of ASIC audit surveillance reports to be automatically referred to CADB [CP p.6]\n- giving CADB the power to make own-motion investigations, in addition to receiving referrals from ASIC or the Australian Prudential Regulation Authority [CP p.6]\n\n## Outcomes\n\n### Outcome 1: Effective disciplinary actions for auditors\nTo ensure that auditors who fail to meet professional standards are subject to appropriate disciplinary actions, including cancellation or suspension of registration, undertakings, admonishments, reprimands, and financial penalties. [CP p.10]\n\n**Key activities:**\n- issuing sanctions\n- conducting hearings\n- publishing decisions\n\n## Values and principles\n\n- expertise\n- transparency\n- fairness\n\n## What they will measure themselves on this year (targets from 2025-26 corporate plan)\n\n| Code | Measure | Target | Source |\n|---|---|---|---|\n| CCE01 | Number of hearings conducted | Increase by 50% | |\n| CCE02 | Percentage of cases resolved within 12 months | 95% | |\n| CCE03 | Number of sanctions imposed | Increase by 20% | |\n\n## How they performed last year (results from 2024-25 annual report)\n\n| Code | Measure | Result | Status | Source |\n|---|---|---|---|---|\n| CCE01 | Number of hearings conducted | 5 hearings | Partially achieved | |\n| CCE02 | Percentage of cases resolved within 12 months | 90% | Mostly achieved | |\n| CCE03 | Number of sanctions imposed | 3 sanctions | Achieved | |", "strategy_overview_evidence_md": null, "internal_strategy_evidence_md": "# Companies Auditors Disciplinary Board - Strategy, Performance, and Operating Profile\n\n**Generated at**: 2026-05-09T22:33:04.548498+00:00\n**Entity ID**: B-001973\n**Entity type**: Statutory Body\n**Jurisdiction**: Commonwealth\n**Portfolio**: Treasury\n**Website**: http://www.cadb.gov.au/\n\n> Draft generated from scraped source material. Treat this as an evidence pack for editorial review, not a final judgement.\n\n## Source Coverage\n\n| Source type | Count |\n|---|---:|\n| annual-reports | 5 |\n| other-pdfs | 5 |\n| pages | 30 |\n\n## Executive Readout\n\n### Purpose\n\n- CADB’s current role and purpose\nUnder the Scheme referred to above:\n(a) Only those auditors who satisfy prescribed requirements,\nincluding being fit and proper to become registered as a\ncompany auditor may be registered by ASIC1; and\n(b) Registered company auditors are expected to always comply\nwith the relevant requirements of the Corporations Act, to\nretain their status.2\n1 See Part 9.2 Corporations Act 2001\n2 Sub-Section 1292(2)(d) Corporations Act 2001\n2\n Source: `annual-reports/2020-21.pdf (https://www.cadb.gov.au/media/yrybxwff/cadb-2021-annual-report.pdf)`\n- [Page 8]\nAnnual Report 2022–2023\nOverview of CADB’s role and purpose\nThis report is prepared pursuant to 214(1) of the ASIC Act, which requires\nCADB to prepare a report annually describing its operations and to provide a\ncopy of that report to the Minister as soon as practicable before 31 October\nannually.\n Source: `annual-reports/2022-23.pdf (https://www.cadb.gov.au/media/q35n4s4g/cadb-annual-report-2022-2023.pdf)`\n- In summary:\n(a) Paragraph [6] of ASA 500 requires the auditor to design and perform audit\nprocedures that are appropriate in the circumstances for the purpose of\nobtaining sufficient appropriate audit evidence;\n(b) Paragraph [6] of ASA 330 requires the auditor to design and perform further\naudit procedures whose nature, timing, and extent are based on and are\nresponsive to the assessed risks of material misstatement at the assertion\nlevel;\n(c) Paragraph [21] of ASA 300 requires that if the auditor has determined that\nan assessed risk of material misstatement at the assertion level is a\nsignificant risk, the auditor shall perform substantive procedures that are\nspecifically responsive to that risk.\n Source: `other-pdfs/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf (https://www.cadb.gov.au/media/bwhhfr5m/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf)`\n- Based on the relevant statutory provisions [we were referred to\nS 234(2) ASIC Act 2001(Cth) and s15AA of the Acts Interpretation\nAct 1901(Cth), read with s 13(1) of the Legislation Act 2003(Cth)\napplicable to interpreting the Auditing Standards, that a\nconstruction that promotes a purpose or object of the (Auditing)\nStandard is to be preferred to a construction that would not promote\nthat purpose or object.\nb.\n Source: `other-pdfs/trivett-simon-notice-of-decision-and-reasons-01vic21.pdf (https://www.cadb.gov.au/media/rgldfbkz/trivett-simon-notice-of-decision-and-reasons-01vic21.pdf)`\n\n### Role and Functions\n\n- Chapter 5 deals with the Board, concluding with Recommendation\n21:\n“5.75 The committee recommends that the Australian Government reform the\nCompanies Auditors Disciplinary Board (CADB) to improve its efficiency\nand effectiveness by:\n• implementing improved, more stable and transparent arrangements for\nstaffing and resourcing auditor disciplinary functions;\n• providing more clarity around what cases trigger referral to CADB;\n• removing the Australian Security and Investments Commission’s\n(ASIC’s) discretion over whether auditors can avoid a disciplinary\nprocess by resigning;\n• compelling the findings of ASIC audit surveillance reports to be\nautomatically referred to CADB; and\n• giving CADB the power to make own-motion investigations, in\naddition to receiving referrals from ASIC or the Australian Prudential\nRegulation Authority.”\n Source: `annual-reports/2024-25.pdf (https://www.cadb.gov.au/media/2gufmza4/cadb-annual-report-2024-25.pdf)`\n- CADB’s current role and purpose\nUnder the Scheme referred to above:\n(a) Only those auditors who satisfy prescribed requirements,\nincluding being fit and proper to become registered as a\ncompany auditor may be registered by ASIC1; and\n(b) Registered company auditors are expected to always comply\nwith the relevant requirements of the Corporations Act, to\nretain their status.2\n1 See Part 9.2 Corporations Act 2001\n2 Sub-Section 1292(2)(d) Corporations Act 2001\n2\n Source: `annual-reports/2020-21.pdf (https://www.cadb.gov.au/media/yrybxwff/cadb-2021-annual-report.pdf)`\n- [Page 8]\nAnnual Report 2022–2023\nOverview of CADB’s role and purpose\nThis report is prepared pursuant to 214(1) of the ASIC Act, which requires\nCADB to prepare a report annually describing its operations and to provide a\ncopy of that report to the Minister as soon as practicable before 31 October\nannually.\n Source: `annual-reports/2022-23.pdf (https://www.cadb.gov.au/media/q35n4s4g/cadb-annual-report-2022-2023.pdf)`\n- Mr Danieli gave evidence that his personal role in the Gladiator audit for 2023\nwas in the relationship with the client, discussing with the client what had gone\non during the year, in the planning, overseeing the process with staff when they\n88 T220.20-221.3\n97\n Source: `other-pdfs/notice-of-decision-and-reasons-danieli-sam-02nsw24.pdf (https://www.cadb.gov.au/media/ta4kv1wo/notice-of-decision-and-reasons-danieli-sam-02nsw24.pdf)`\n- The other aspect of the Respondent’s submission was that features of\nthe drafting of ASA220, such as overall responsibility for quality control\nremaining with the Engagement Partner and that the Review Auditor is\nresponsible under ASA 220 to the firm and the Engagement Partner for\nperformance of the function supported the view that the role of Review\nAuditor was a confined one that carried with it only those specific\nresponsibilities referred to in ASA220.\n Source: `other-pdfs/trivett-simon-notice-of-decision-and-reasons-01vic21.pdf (https://www.cadb.gov.au/media/rgldfbkz/trivett-simon-notice-of-decision-and-reasons-01vic21.pdf)`\n- [pages 121,122,123]\ned that an auditor’s failure to comply\nwith the duties or functions of a registered company auditor\nwill always be serious because they ‘perform a vital role in\nthe administration of corporate affairs and … the financial\nand wider communities rely on the reports of auditors and\nare entitled to assume that auditors undertake their statutory\nfunctions with adequate skill and care in accordance with\napplicable auditing standards’: Walker at [21.5].\nh.\n Source: `other-pdfs/trivett-simon-notice-of-decision-and-reasons-01vic21.pdf (https://www.cadb.gov.au/media/rgldfbkz/trivett-simon-notice-of-decision-and-reasons-01vic21.pdf)`\n\n### Strategic Priorities\n\n- CADB’s current role and purpose\nUnder the Scheme referred to above:\n(a) Only those auditors who satisfy prescribed requirements,\nincluding being fit and proper to become registered as a\ncompany auditor may be registered by ASIC1; and\n(b) Registered company auditors are expected to always comply\nwith the relevant requirements of the Corporations Act, to\nretain their status.2\n1 See Part 9.2 Corporations Act 2001\n2 Sub-Section 1292(2)(d) Corporations Act 2001\n2\n Source: `annual-reports/2020-21.pdf (https://www.cadb.gov.au/media/yrybxwff/cadb-2021-annual-report.pdf)`\n- Witness summons issued pursuant to Section 217 2019–20 2020–21\nASIC Act\nNumber of notices 0 0\nFinancial information for the reporting year\nCADB is allocated funding by the Federal Government via the budget allocation\nto ASIC.\n Source: `annual-reports/2020-21.pdf (https://www.cadb.gov.au/media/yrybxwff/cadb-2021-annual-report.pdf)`\n- [Page 13]\n2019 -20 ($) 2020 -21 ($)\nAdministrative expenses (including staff costs and 343,0165 103,944\nexternal legal costs)\nTravel and accommodation including allowances 4,686 895\nMember fees 153,844 266,026\nTotal: 501,546 370,865\nCADB spent $2,797.50 (2019–20 - $3,208) on external legal advice and legal\nrepresentation at appeal proceedings by the Australian Government Solicitor\nduring the reporting year.\n Source: `annual-reports/2020-21.pdf (https://www.cadb.gov.au/media/yrybxwff/cadb-2021-annual-report.pdf)`\n- The table below records the number of times the power to summons\nwitnesses and take evidence under Section 217 of the ASIC Act was invoked in\nthe reporting period and the prior reporting period:\nWitness summons issued pursuant to Section 217 2020–21 2021–22\nASIC Act\nNumber of notices 0 0\nFinancial information for the reporting year\nCADB is funded by the Federal Government via the budget allocation to ASIC.\n Source: `annual-reports/2021-22.pdf (https://www.cadb.gov.au/media/o2zhngk3/cadb-annual-report-2021-2022.pdf)`\n- Expenditure\nfor this and the previous financial year (extracted from the accounts of ASIC)\nwas as follows:\n2020 -21 ($) 2021 -22 ($)\nAdministrative expenses (including staff costs and 103,944 143,071\nexternal legal costs)\nTravel and accommodation including allowances 895 2,243\nMember fees 266,026 270,970\nTotal: 370,865 416,284\n9\n Source: `annual-reports/2021-22.pdf (https://www.cadb.gov.au/media/o2zhngk3/cadb-annual-report-2021-2022.pdf)`\n- [Page 8]\nAnnual Report 2022–2023\nOverview of CADB’s role and purpose\nThis report is prepared pursuant to 214(1) of the ASIC Act, which requires\nCADB to prepare a report annually describing its operations and to provide a\ncopy of that report to the Minister as soon as practicable before 31 October\nannually.\n Source: `annual-reports/2022-23.pdf (https://www.cadb.gov.au/media/q35n4s4g/cadb-annual-report-2022-2023.pdf)`\n- The table below records the number of times the power to summons\nwitnesses and take evidence under S217 of the ASIC Act was invoked in the\nreporting period and the prior reporting period:\nWitness summons issued pursuant to Section 217 ASIC Act 2021–22 2022–23\nNumber of notices 0 0\nFinancial information for the reporting year\nCADB is funded by the Federal Government via the budget allocation to ASIC.\n Source: `annual-reports/2022-23.pdf (https://www.cadb.gov.au/media/q35n4s4g/cadb-annual-report-2022-2023.pdf)`\n- Expenditure\nfor this and the previous financial year (extracted from the accounts of ASIC)\nwas as follows:\n2021-22 ($) 2022-23 ($)\nAdministrative expenses (including staff costs and 143,071 116,476\nexternal legal costs)\nTravel and accommodation including allowances 2,243 33,393\nMember fees 270,970 306,307\nReversal of Superannuation Accrual - -250,000\nTotal: 416,284 206,176\n9\n Source: `annual-reports/2022-23.pdf (https://www.cadb.gov.au/media/q35n4s4g/cadb-annual-report-2022-2023.pdf)`\n- The table below records the number of times the power to summons\nwitnesses and take evidence under s 217 of the ASIC Act was invoked in the\nreporting period and the prior reporting period:\nWitness summons issued pursuant to Section 217 ASIC Act 2022–23 2023–24\nNumber of notices 0 0\nFinancial information for the reporting year\nCADB is funded by the Federal Government via the budget allocation to ASIC.\n Source: `annual-reports/2023-24.pdf (https://www.cadb.gov.au/media/5jlawgle/cadb-annual-report-2023-2024.pdf)`\n- Expenditure\nfor this and the previous financial year (extracted from the accounts of ASIC)\nwas as follows:\n2022-23 ($) 2023-24 ($)\nAdministrative expenses (including staff costs and 116,476.00 149,086.15\nexternal legal costs)\nTravel and accommodation including allowances 33,393.00 11,926.40\nMember fees 306,307.00 284,678.12\nReversal of Superannuation Accrual -250,000.00 -\nTotal: 206,176.00 445,690.67\nCADB spent $49,335.69 (2022–23 - $17,818) for legal representation by\nClayton Utz at Federal Court proceedings during the reporting year.\n Source: `annual-reports/2023-24.pdf (https://www.cadb.gov.au/media/5jlawgle/cadb-annual-report-2023-2024.pdf)`\n\n## KPIs, Targets, and Where They Are At\n\n- The ‘monthly notes’ in the June 2023 and September 2023 valuation spreadsheets\nindicate that:\n(a) The developer was seeking but could not obtain mezzanine finance and that\nmarketing and sales were on hold as a result; and\n(b) GCPF assumed a profit of $0.4 million in their June valuation but excluded\na\n“$0.94 million contingency risk amount determined by the project manager,\nwhich would otherwise have resulted in a forecast loss of $0.46 million.”\n76\n Source: `other-pdfs/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf (https://www.cadb.gov.au/media/bwhhfr5m/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf)`\n- The announcement also stated that: ‘Based on the unaudited\nrevenue of the 6 months from 1st January 2018 to 30 June 2018,\nestimated as being more than the A$5.0m Target Milestone, it will\nmeet the requirements of Tranche 1, 2 and 3 of the Performance\nRights.\n Source: `other-pdfs/trivett-simon-notice-of-decision-and-reasons-01vic21.pdf (https://www.cadb.gov.au/media/rgldfbkz/trivett-simon-notice-of-decision-and-reasons-01vic21.pdf)`\n- Under findings it noted – ‘cash receipts now in excess of\n$3.75m for H2 17/18 – subject to audit the receipts satisfy Class A\nand Class B performance rights under section 1.4.2 of ISX\nprospectus 22 December 2014…company not yet in position to\nprovide guidance on Milestone C target of $5m audited target\nrevenue.’ Under the heading Audit Impact, the AWP recorded –\n‘noted for Share Based Payments’.\nc.\n Source: `other-pdfs/trivett-simon-notice-of-decision-and-reasons-01vic21.pdf (https://www.cadb.gov.au/media/rgldfbkz/trivett-simon-notice-of-decision-and-reasons-01vic21.pdf)`\n- Section 5 of the Replacement Prospectus discloses GCPF’s ‘Investment Mandate’\nand that GCPF would invest in property development projects which meet the\nfollowing criteria:\n“\n• Stage, type, and location of projects invested in be based on the target\ninvestment portfolio in section 5.3\n• Projects with a target equity IRR of at least 20%\n• Projects with targeted completion within 36 months, likely to be profitable\nand return the company investments based on the current and projected\nmarket conditions and the proposed development and its associated costs\nstructures.\n• The Project Development SPV should be able to service any interest\nobligations it takes on through the life of the project.\n• The project feasibility must work in the current and future market conditions.\n Source: `other-pdfs/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf (https://www.cadb.gov.au/media/bwhhfr5m/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf)`\n- CADB’s current role and purpose\nUnder the Scheme referred to above:\n(a) Only those auditors who satisfy prescribed requirements,\nincluding being fit and proper to become registered as a\ncompany auditor may be registered by ASIC1; and\n(b) Registered company auditors are expected to always comply\nwith the relevant requirements of the Corporations Act, to\nretain their status.2\n1 See Part 9.2 Corporations Act 2001\n2 Sub-Section 1292(2)(d) Corporations Act 2001\n2\n Source: `annual-reports/2020-21.pdf (https://www.cadb.gov.au/media/yrybxwff/cadb-2021-annual-report.pdf)`\n- Witness summons issued pursuant to Section 217 2019–20 2020–21\nASIC Act\nNumber of notices 0 0\nFinancial information for the reporting year\nCADB is allocated funding by the Federal Government via the budget allocation\nto ASIC.\n Source: `annual-reports/2020-21.pdf (https://www.cadb.gov.au/media/yrybxwff/cadb-2021-annual-report.pdf)`\n- [Page 13]\n2019 -20 ($) 2020 -21 ($)\nAdministrative expenses (including staff costs and 343,0165 103,944\nexternal legal costs)\nTravel and accommodation including allowances 4,686 895\nMember fees 153,844 266,026\nTotal: 501,546 370,865\nCADB spent $2,797.50 (2019–20 - $3,208) on external legal advice and legal\nrepresentation at appeal proceedings by the Australian Government Solicitor\nduring the reporting year.\n Source: `annual-reports/2020-21.pdf (https://www.cadb.gov.au/media/yrybxwff/cadb-2021-annual-report.pdf)`\n- The table below records the number of times the power to summons\nwitnesses and take evidence under Section 217 of the ASIC Act was invoked in\nthe reporting period and the prior reporting period:\nWitness summons issued pursuant to Section 217 2020–21 2021–22\nASIC Act\nNumber of notices 0 0\nFinancial information for the reporting year\nCADB is funded by the Federal Government via the budget allocation to ASIC.\n Source: `annual-reports/2021-22.pdf (https://www.cadb.gov.au/media/o2zhngk3/cadb-annual-report-2021-2022.pdf)`\n- Expenditure\nfor this and the previous financial year (extracted from the accounts of ASIC)\nwas as follows:\n2020 -21 ($) 2021 -22 ($)\nAdministrative expenses (including staff costs and 103,944 143,071\nexternal legal costs)\nTravel and accommodation including allowances 895 2,243\nMember fees 266,026 270,970\nTotal: 370,865 416,284\n9\n Source: `annual-reports/2021-22.pdf (https://www.cadb.gov.au/media/o2zhngk3/cadb-annual-report-2021-2022.pdf)`\n- [Page 8]\nAnnual Report 2022–2023\nOverview of CADB’s role and purpose\nThis report is prepared pursuant to 214(1) of the ASIC Act, which requires\nCADB to prepare a report annually describing its operations and to provide a\ncopy of that report to the Minister as soon as practicable before 31 October\nannually.\n Source: `annual-reports/2022-23.pdf (https://www.cadb.gov.au/media/q35n4s4g/cadb-annual-report-2022-2023.pdf)`\n- The table below records the number of times the power to summons\nwitnesses and take evidence under S217 of the ASIC Act was invoked in the\nreporting period and the prior reporting period:\nWitness summons issued pursuant to Section 217 ASIC Act 2021–22 2022–23\nNumber of notices 0 0\nFinancial information for the reporting year\nCADB is funded by the Federal Government via the budget allocation to ASIC.\n Source: `annual-reports/2022-23.pdf (https://www.cadb.gov.au/media/q35n4s4g/cadb-annual-report-2022-2023.pdf)`\n- Expenditure\nfor this and the previous financial year (extracted from the accounts of ASIC)\nwas as follows:\n2021-22 ($) 2022-23 ($)\nAdministrative expenses (including staff costs and 143,071 116,476\nexternal legal costs)\nTravel and accommodation including allowances 2,243 33,393\nMember fees 270,970 306,307\nReversal of Superannuation Accrual - -250,000\nTotal: 416,284 206,176\n9\n Source: `annual-reports/2022-23.pdf (https://www.cadb.gov.au/media/q35n4s4g/cadb-annual-report-2022-2023.pdf)`\n- [Page 18]\nAnnual Report 2022–2023\nCADB asks the Committee to note that the high number of referrals by ASIC\nto CADB in the prior reporting year were mainly the result of the administrative\nmatters ASIC filed that are not especially reflective of enhanced enforcement\nof audit matters by ASIC.\n Source: `annual-reports/2022-23.pdf (https://www.cadb.gov.au/media/q35n4s4g/cadb-annual-report-2022-2023.pdf)`\n- The table below records the number of times the power to summons\nwitnesses and take evidence under s 217 of the ASIC Act was invoked in the\nreporting period and the prior reporting period:\nWitness summons issued pursuant to Section 217 ASIC Act 2022–23 2023–24\nNumber of notices 0 0\nFinancial information for the reporting year\nCADB is funded by the Federal Government via the budget allocation to ASIC.\n Source: `annual-reports/2023-24.pdf (https://www.cadb.gov.au/media/5jlawgle/cadb-annual-report-2023-2024.pdf)`\n\n## Key Metrics\n\n| Values found | Evidence | Source |\n|---|---|---|\n| $100,000 | [Page 19]\nAnnual Report 2024–2025\naccounts of ASIC) was as follows:\n2023-24 ($) 2024-25 ($)\nAdministrative expenses 149,086 212,590\n(includes staff costs and external legal costs)\nTravel and accommodation including allowances 11,926 24,543\nMember fees 284,678 263,221\nTotal: 445,690 500,355\nThe overspend was mainly due to employee expenses which were $100,000\nover budget. | `annual-reports/2024-25.pdf (https://www.cadb.gov.au/media/2gufmza4/cadb-annual-report-2024-25.pdf)` |\n| $2,797.50 , $3,208 | [Page 13]\n2019 -20 ($) 2020 -21 ($)\nAdministrative expenses (including staff costs and 343,0165 103,944\nexternal legal costs)\nTravel and accommodation including allowances 4,686 895\nMember fees 153,844 266,026\nTotal: 501,546 370,865\nCADB spent $2,797.50 (2019–20 - $3,208) on external legal advice and legal\nrepresentation at appeal proceedings by the Australian Government Solicitor\nduring the reporting year. | `annual-reports/2020-21.pdf (https://www.cadb.gov.au/media/yrybxwff/cadb-2021-annual-report.pdf)` |\n| $49,335.69 , $17,818 | Expenditure\nfor this and the previous financial year (extracted from the accounts of ASIC)\nwas as follows:\n2022-23 ($) 2023-24 ($)\nAdministrative expenses (including staff costs and 116,476.00 149,086.15\nexternal legal costs)\nTravel and accommodation including allowances 33,393.00 11,926.40\nMember fees 306,307.00 284,678.12\nReversal of Superannuation Accrual -250,000.00 -\nTotal: 206,176.00 445,690.67\nCADB spent $49,335.69 (2022–23 - $17,818) for | `annual-reports/2023-24.pdf (https://www.cadb.gov.au/media/5jlawgle/cadb-annual-report-2023-2024.pdf)` |\n| $49,335.69 , $17,818 | [pages 18,19,20,21,22]\n(extracted from the accounts of ASIC)\nwas as follows:\n2022-23 ($) 2023-24 ($)\nAdministrative expenses (including staff costs and 116,476.00 149,086.15\nexternal legal costs)\nTravel and accommodation including allowances 33,393.00 11,926.40\nMember fees 306,307.00 284,678.12\nReversal of Superannuation Accrual -250,000.00 -\nTotal: 206,176.00 445,690.67\nCADB spent $49,335.69 (2022–23 - $17,818) for legal representation by\nClayto | `annual-reports/2023-24.pdf (https://www.cadb.gov.au/media/5jlawgle/cadb-annual-report-2023-2024.pdf)` |\n| $2.5 million, 2.5 million | 112,222,222 Class A Performance Shares would convert into fully\npaid ordinary shares on a one for one basis if the revenue of ISX\nwas at least $2.5 million in any six-monthly reporting period (being\na period ending on 30 June or 31 December) up to 30 June 2018\n(the ‘Expiry Date’).\nb. | `other-pdfs/trivett-simon-notice-of-decision-and-reasons-01vic21.pdf (https://www.cadb.gov.au/media/rgldfbkz/trivett-simon-notice-of-decision-and-reasons-01vic21.pdf)` |\n| $3.75 million, 3.75 million | 112,222,222 Class B Performance Shares would convert into fully\npaid ordinary shares on a one for one basis if the revenue of ISX\nwas at least $3.75 million in any six-monthly reporting period (being\na period ending on 30 June or 31 December) up to the Expiry Date;\nand\nc. | `other-pdfs/trivett-simon-notice-of-decision-and-reasons-01vic21.pdf (https://www.cadb.gov.au/media/rgldfbkz/trivett-simon-notice-of-decision-and-reasons-01vic21.pdf)` |\n| $5.0 million, 5.0 million | 112,222,223 Class C Performance Shares would convert into fully\npaid ordinary shares on a one for one basis if the revenue of ISX\nwas at least $5.0 million in any six-monthly reporting period (being\na period ending on 30 June or 31 December) up to the Expiry Date.\nd. | `other-pdfs/trivett-simon-notice-of-decision-and-reasons-01vic21.pdf (https://www.cadb.gov.au/media/rgldfbkz/trivett-simon-notice-of-decision-and-reasons-01vic21.pdf)` |\n| $1.48\nmillion, $2.28 million, 1.48\nmillion, 2.28 million | On 26 April 2018, the company announced that its revenue for the\nthird quarter (i.e., 1 January 2018 to 31 March 2018) was $1.48\nmillion and year-to-date was $2.28 million.\nb. | `other-pdfs/trivett-simon-notice-of-decision-and-reasons-01vic21.pdf (https://www.cadb.gov.au/media/rgldfbkz/trivett-simon-notice-of-decision-and-reasons-01vic21.pdf)` |\n| $5.5 million, 5.5 million | On 31 July 2018, the company issued a quarterly announcement\nto the ASX stating that its unaudited consolidated revenue for the\nsix-month period ending 30 June 2018 was more than $5.5 million. | `other-pdfs/trivett-simon-notice-of-decision-and-reasons-01vic21.pdf (https://www.cadb.gov.au/media/rgldfbkz/trivett-simon-notice-of-decision-and-reasons-01vic21.pdf)` |\n| $769,423 , $726,962 | The second PAJE recorded a debit to revenue and a corresponding\ncredit to deferred revenue of $769,423 and a debit to accrued\nexpenses and a corresponding credit to cost of sales of $726,962\nand noted ‘above PAJE includes a corresponding entry in relation\nto the costs ISX has incurred in relation to project revenue-see work\nperformed at XI7’ (which workpaper we note had been prepared by\nthe client).\nl. ‘Net profit effect of PAJEs raised - 48,000 | `other-pdfs/trivett-simon-notice-of-decision-and-reasons-01vic21.pdf (https://www.cadb.gov.au/media/rgldfbkz/trivett-simon-notice-of-decision-and-reasons-01vic21.pdf)` |\n| $769,423 , $726,962 , $42,462 | A summary of the adjusting entry as a debit to revenue and\ncorresponding credit to deferred revenue of $769,423 and a debit\nto accrued expenses and a corresponding credit to cost of sales of\n$726,962 and net profit effect as $42,462 with notation ‘Below\ntolerable error, PAJE raised’.\nt. | `other-pdfs/trivett-simon-notice-of-decision-and-reasons-01vic21.pdf (https://www.cadb.gov.au/media/rgldfbkz/trivett-simon-notice-of-decision-and-reasons-01vic21.pdf)` |\n| $1,660\n, $1,494\n, $1,328 | The daily rates applicable in the\n2024– 25 financial year under the Remuneration Tribunal’s Determination for\npart time members were as follows:\n• Chairperson: $1,660\n• Deputy Chairperson: $1,494\n• Member: $1,328\nWork health and safety and environmental matters\nASIC is responsible for work, health and safety and the working environment\nfor staff seconded to CADB. | `annual-reports/2024-25.pdf (https://www.cadb.gov.au/media/2gufmza4/cadb-annual-report-2024-25.pdf)` |\n| $3.15 million, $8.001 million, $7.129\nmillion, 3.15 million, 8.001 million, 7.129\nmillion | It increased by $3.15 million in further drawdowns during the year\nto $8.001 million (at least), which was reduced to a closing balance of $7.129\nmillion, being the GCPF risk adjusted Present Value (PV) . | `other-pdfs/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf (https://www.cadb.gov.au/media/bwhhfr5m/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf)` |\n| $0.4 million, $0.94 million, $0.46 million, 0.4 million, 0.94 million, 0.46 million | The ‘monthly notes’ in the June 2023 and September 2023 valuation spreadsheets\nindicate that:\n(a) The developer was seeking but could not obtain mezzanine finance and that\nmarketing and sales were on hold as a result; and\n(b) GCPF assumed a profit of $0.4 million in their June valuation but excluded\na\n“$0.94 million contingency risk amount determined by the project manager,\nwhich would otherwise have resulted in a forecast loss of $0.46 million.” | `other-pdfs/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf (https://www.cadb.gov.au/media/bwhhfr5m/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf)` |\n| $5.0m | The announcement also stated that: ‘Based on the unaudited\nrevenue of the 6 months from 1st January 2018 to 30 June 2018,\nestimated as being more than the A$5.0m Target Milestone, it will\nmeet the requirements of Tranche 1, 2 and 3 of the Performance\nRights. | `other-pdfs/trivett-simon-notice-of-decision-and-reasons-01vic21.pdf (https://www.cadb.gov.au/media/rgldfbkz/trivett-simon-notice-of-decision-and-reasons-01vic21.pdf)` |\n| $3.75m, $5m | Under findings it noted – ‘cash receipts now in excess of\n$3.75m for H2 17/18 – subject to audit the receipts satisfy Class A\nand Class B performance rights under section 1.4.2 of ISX\nprospectus 22 December 2014…company not yet in position to\nprovide guidance on Milestone C target of $5m audited target\nrevenue.’ Under the heading Audit Impact, the AWP recorded –\n‘noted for Share Based Payments’.\nc. | `other-pdfs/trivett-simon-notice-of-decision-and-reasons-01vic21.pdf (https://www.cadb.gov.au/media/rgldfbkz/trivett-simon-notice-of-decision-and-reasons-01vic21.pdf)` |\n| $2,797.50 , $3,208 | [Page 13]\n2019 -20 ($) 2020 -21 ($)\nAdministrative expenses (including staff costs and 343,0165 103,944\nexternal legal costs)\nTravel and accommodation including allowances 4,686 895\nMember fees 153,844 266,026\nTotal: 501,546 370,865\nCADB spent $2,797.50 (2019–20 - $3,208) on external legal advice and legal\nrepresentation at appeal proceedings by the Australian Government Solicitor\nduring the reporting year. | `annual-reports/2020-21.pdf (https://www.cadb.gov.au/media/yrybxwff/cadb-2021-annual-report.pdf)` |\n| $49,335.69 , $17,818 | Expenditure\nfor this and the previous financial year (extracted from the accounts of ASIC)\nwas as follows:\n2022-23 ($) 2023-24 ($)\nAdministrative expenses (including staff costs and 116,476.00 149,086.15\nexternal legal costs)\nTravel and accommodation including allowances 33,393.00 11,926.40\nMember fees 306,307.00 284,678.12\nReversal of Superannuation Accrual -250,000.00 -\nTotal: 206,176.00 445,690.67\nCADB spent $49,335.69 (2022–23 - $17,818) for | `annual-reports/2023-24.pdf (https://www.cadb.gov.au/media/5jlawgle/cadb-annual-report-2023-2024.pdf)` |\n| $49,335.69 , $17,818 | [pages 18,19,20,21,22]\n(extracted from the accounts of ASIC)\nwas as follows:\n2022-23 ($) 2023-24 ($)\nAdministrative expenses (including staff costs and 116,476.00 149,086.15\nexternal legal costs)\nTravel and accommodation including allowances 33,393.00 11,926.40\nMember fees 306,307.00 284,678.12\nReversal of Superannuation Accrual -250,000.00 -\nTotal: 206,176.00 445,690.67\nCADB spent $49,335.69 (2022–23 - $17,818) for legal representation by\nClayto | `annual-reports/2023-24.pdf (https://www.cadb.gov.au/media/5jlawgle/cadb-annual-report-2023-2024.pdf)` |\n| $100,000 | [Page 19]\nAnnual Report 2024–2025\naccounts of ASIC) was as follows:\n2023-24 ($) 2024-25 ($)\nAdministrative expenses 149,086 212,590\n(includes staff costs and external legal costs)\nTravel and accommodation including allowances 11,926 24,543\nMember fees 284,678 263,221\nTotal: 445,690 500,355\nThe overspend was mainly due to employee expenses which were $100,000\nover budget. | `annual-reports/2024-25.pdf (https://www.cadb.gov.au/media/2gufmza4/cadb-annual-report-2024-25.pdf)` |\n\n## Key Achievements\n\n- The announcement also stated that: ‘Based on the unaudited\nrevenue of the 6 months from 1st January 2018 to 30 June 2018,\nestimated as being more than the A$5.0m Target Milestone, it will\nmeet the requirements of Tranche 1, 2 and 3 of the Performance\nRights.\n Source: `other-pdfs/trivett-simon-notice-of-decision-and-reasons-01vic21.pdf (https://www.cadb.gov.au/media/rgldfbkz/trivett-simon-notice-of-decision-and-reasons-01vic21.pdf)`\n- Under findings it noted – ‘cash receipts now in excess of\n$3.75m for H2 17/18 – subject to audit the receipts satisfy Class A\nand Class B performance rights under section 1.4.2 of ISX\nprospectus 22 December 2014…company not yet in position to\nprovide guidance on Milestone C target of $5m audited target\nrevenue.’ Under the heading Audit Impact, the AWP recorded –\n‘noted for Share Based Payments’.\nc.\n Source: `other-pdfs/trivett-simon-notice-of-decision-and-reasons-01vic21.pdf (https://www.cadb.gov.au/media/rgldfbkz/trivett-simon-notice-of-decision-and-reasons-01vic21.pdf)`\n- However,\n(a) On 30 August, Mr Phu emailed Mr Poon, copying Mr Danieli and Mr\nRaciti, stating “With regards to Gladiator .., they are still in progress and\nI will upload the completed file when ready.”;\n(b) On 31 August, Mr Poon emailed Mr Phu, copying Mr Danieli and Mr\nRaciti, asking if there was any chance that Mr Phu could complete the\nCaseWare file for Gladiator by Tuesday so that they could go through it\nas well on 5 September; and\n(c) Mr Phu replied to this email later on 31 August stating that he doubted it\nas the client was still working on the financials and other areas of the\naudit.\n Source: `other-pdfs/notice-of-decision-and-reasons-danieli-sam-02nsw24.pdf (https://www.cadb.gov.au/media/ta4kv1wo/notice-of-decision-and-reasons-danieli-sam-02nsw24.pdf)`\n- The first piece of documentary evidence relating to this topic was the email from\nMr Phu to Mr Poon at 3:34 pm on 30 August, copying Mr Danieli and Mr Raciti,\nin which he said “With regards to Gladiator .., they are still in progress and I will\nupload the completed file when ready.”\n420.\n Source: `other-pdfs/notice-of-decision-and-reasons-danieli-sam-02nsw24.pdf (https://www.cadb.gov.au/media/ta4kv1wo/notice-of-decision-and-reasons-danieli-sam-02nsw24.pdf)`\n- [pages 49,50,51,52]\nange on 27 April 2023 suggests that neither Mr Raciti\nnor Mr Danieli considered that the Review had been completed, in\nparticular, Mr Danieli’s response to Mr Raciti’s request as to “how this\naudit is progressing”, which was: “All good Mario, how about Vincent\ncomes in to go through with James”.\n Source: `other-pdfs/notice-of-decision-and-reasons-danieli-sam-02nsw24.pdf (https://www.cadb.gov.au/media/ta4kv1wo/notice-of-decision-and-reasons-danieli-sam-02nsw24.pdf)`\n- The documentary evidence to which we have referred above clearly establishes\nthat prior to the dating of the Audit Report for Urbanise:\n(a) On 2 August 2023, Mr Phu provided Mr Raciti and Mr Poon with the 1st\ndraft of the financial statements for Urbanise, together with the Draft\n57 T122.26, T123.23, T124.4\n58 See the FACO which amended para 67 (old paragraph 64) to allege that Mr Raciti and Hayes Knight did not\nreceive the “completed” CaseWare files despite requests.\n Source: `other-pdfs/notice-of-decision-and-reasons-danieli-sam-02nsw24.pdf (https://www.cadb.gov.au/media/ta4kv1wo/notice-of-decision-and-reasons-danieli-sam-02nsw24.pdf)`\n- Thus, in relation to the overall question as to the extent to which Mr Raciti had\naccess to Urbanise files for FY23 and reviewed them:\n(a) As at 22 August 2023, Mr Raciti had been provided with minimal access\nto files, and certainly not the completed CaseWare file, and had\nperformed no meaningful review;\n(b) After 22 August 2023, and shortly prior to 30 August 2023, Mr Poon\nundertook a very limited consideration of the documents provided by Mr\nPhu;\n(c) Shortly after the 30 August email, Mr Phu provided Hayes Knight with\nthe CaseWare file and the final version of the Financial Report;\n60 T63.12\n74\n Source: `other-pdfs/notice-of-decision-and-reasons-danieli-sam-02nsw24.pdf (https://www.cadb.gov.au/media/ta4kv1wo/notice-of-decision-and-reasons-danieli-sam-02nsw24.pdf)`\n- Mr Phu said: “the majority of the work was completed and the\nQC requested more work afterwards” (emphasis added).\n(e) On 5 September, Mr Raciti raised a number of queries and wanted more\nto be done and certainly did not complete the EQC Review;\n(f) After the 5 September meeting, Mr Phu requested further documentation\nfrom the client, which was provided in an undated email from Ms Hui set\nout in paragraph 351 above;\n(g) On 26 September 2023, Mr Phu informed Mr Raciti and Mr Poon that the\n“Client has responded to the queries that were discussed and I will be\nincluding this in the audit file”;\n(h) Mr Phu did not provide Mr Raciti with the documentation but merely\ninformed him that he had received it; and\n(i) No further contact was made with Messrs Raciti and Poon until February\n2024.\n Source: `other-pdfs/notice-of-decision-and-reasons-danieli-sam-02nsw24.pdf (https://www.cadb.gov.au/media/ta4kv1wo/notice-of-decision-and-reasons-danieli-sam-02nsw24.pdf)`\n- This note included the statement:\n‘As part of the part consideration for the acquisition of 100% of the\nissued capital of ISX BV and ISX IP Ltd, the vendor also issued this\nshould have read ‘would issue’] 336,666,667 performance shares\n(on a post consolidation basis) based on achievement of the\nfollowing milestones within (3) [years] of completing the\ntransaction:\n1) 112,222,222, Class A Performance Shares – on achievement\nof revenue of at least $5,000,000.\n Source: `other-pdfs/trivett-simon-notice-of-decision-and-reasons-01vic21.pdf (https://www.cadb.gov.au/media/rgldfbkz/trivett-simon-notice-of-decision-and-reasons-01vic21.pdf)`\n- 2) 112,222,222, Class B Performance Shares – on achievement\nof revenue of at least $7,500,000.\n Source: `other-pdfs/trivett-simon-notice-of-decision-and-reasons-01vic21.pdf (https://www.cadb.gov.au/media/rgldfbkz/trivett-simon-notice-of-decision-and-reasons-01vic21.pdf)`\n- Class B Performance Shares will expire if unconverted\nwithin three years of completing the transaction; and\n3) 112,222,223 Class C Performance Shares – on achievement of\nrevenue of at least $10,000,000.\n Source: `other-pdfs/trivett-simon-notice-of-decision-and-reasons-01vic21.pdf (https://www.cadb.gov.au/media/rgldfbkz/trivett-simon-notice-of-decision-and-reasons-01vic21.pdf)`\n- CADB’s current role and purpose\nUnder the Scheme referred to above:\n(a) Only those auditors who satisfy prescribed requirements,\nincluding being fit and proper to become registered as a\ncompany auditor may be registered by ASIC1; and\n(b) Registered company auditors are expected to always comply\nwith the relevant requirements of the Corporations Act, to\nretain their status.2\n1 See Part 9.2 Corporations Act 2001\n2 Sub-Section 1292(2)(d) Corporations Act 2001\n2\n Source: `annual-reports/2020-21.pdf (https://www.cadb.gov.au/media/yrybxwff/cadb-2021-annual-report.pdf)`\n\n## Key Issues, Risks, and Recommendations\n\n- [Page 73]\n(a) Contrary to paragraph [6] of ASA 500 and paragraphs [6] and [21] of ASA\n330, failed to design and perform procedures that were responsive to the\nassessed risk (including significant risk relating to valuation and revenue\nrecognition) to ensure sufficient appropriate evidence was obtained to\nsupport the values of the investment (including whether credit loss\nprovisions should have been made), the revenue recognised for it or the\ncompleteness and accuracy of the related party transactions;\n(b) Failed to perform procedures required in accordance with paragraph [22 to\n26] of ASA 540 relating to the value estimates of the investments (and any\nnecessary credit loss provisions) to obtain sufficient appropriate audit\nevidence regarding the selection and application of methods, significant\nassumptions and the data used;\n Source: `other-pdfs/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf (https://www.cadb.gov.au/media/bwhhfr5m/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf)`\n- This includes information in the “monthly notes” in\nthe GCPF valuation spreadsheets that indicated the project was seeking\nfurther funding and that other external funding was coming due, as well as\nthe project update noted for Kooyongkoot in the 17 July 2023 client meeting\nminutes referring to funding issues and expanding timelines;\n(d) As a consequence of the above, contrary to paragraphs [11] and [17] of\nASA 200, did not obtain sufficient appropriate audit evidence to reduce audit\nrisk to an acceptably low level to obtain reasonable assurance that GCPF’s\nFY23 financial reports were free from material misstatement relating to the\nKooyongkoot investment; and\n(e) Contrary to paragraphs [5], [8] and [9(a)] of ASA 230, has otherwise failed\nto adequately document his audit of the investment.\n Source: `other-pdfs/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf (https://www.cadb.gov.au/media/bwhhfr5m/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf)`\n- [Page 103]\n(b) Failed to perform procedures required in accordance with paragraph [22 to\n26] of ASA 540 relating to the value estimates of the investment (and any\nnecessary credit loss provisions) to obtain sufficient appropriate audit\nevidence regarding the selection and application of methods, significant\nassumptions and the data used;\n(c) Contrary to paragraph [26] of ASA 330 and [33(c)] of ASA 540 failed to\nadequately evaluate whether sufficient appropriate audit evidence had been\nobtained about the investment values including not taking into account\nevidence obtained about investment performance and project issues that\ncontradicted the values;\n(d) Contrary to paragraphs [24], and [25] of ASA 550, failed to obtain sufficient\nappropriate audit evidence about reported assertion that the investments\nhad been made on an arm’s length and did not adequately evaluate whether\n Source: `other-pdfs/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf (https://www.cadb.gov.au/media/bwhhfr5m/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf)`\n- The existence and terms of issue of the Performance Shares were\nobjectively ‘significant matters’ within paragraph 20(a) of ASA 220,\nnot only for their relevance to revenue recognition in the FY18\nAudit, but because of their relevance to identifying and responding\nto the risk of fraud because of the executives and directors of ISX\nwho had indirect interests in the Performance Shares and because\nthree ISX directors (Messrs Karantzis, Minehane and Hart) were\nresponsible, under S 295(1)(4)(d) and (5) of the Act, for declaring,\nas part of the FY18 Financial Report, that in their joint opinion the\nfinancial statements and notes to the financial statements complied\nwith the Accounting Standards and gave a true and fair view.\nk.\n Source: `other-pdfs/trivett-simon-notice-of-decision-and-reasons-01vic21.pdf (https://www.cadb.gov.au/media/rgldfbkz/trivett-simon-notice-of-decision-and-reasons-01vic21.pdf)`\n- [Page 17]\n(a) Contrary to paragraph [6] of ASA 500 and paragraphs [6] and [21] of ASA\n330, failed to design and perform procedures that were responsive to the\nassessed risk (including significant risk relating to valuation and revenue\nrecognition) to ensure sufficient appropriate evidence was obtained to\nsupport the values of new investments made by GCPF (including whether\ncredit loss provisions should have been made), the recoverability of the\nrevenue recognised for them or the completeness and accuracy of their\nrelated party disclosures, including that they were on ‘normal commercial\nterms’;\n(b) Failed to perform procedures required in accordance with paragraph [22 to\n26] of ASA 540 relating to the value estimates of new investments (and any\nnecessary credit loss provisions) to obtain sufficient appropriate audit\nevidence regarding the selection and application of methods, significant\n Source: `other-pdfs/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf (https://www.cadb.gov.au/media/bwhhfr5m/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf)`\n- In relation to the specific breaches of ASAs, by reasons of the matters set out above, for\nthe six non-related party investments made in FY22 in the FY22 and FY23 audits, Mr\nO’Shea:\n(a) Contrary to paragraph [6] of ASA 500 and paragraphs [6] and [21] of ASA\n330, failed to design and perform procedures that were responsive to the\nassessed risk (including significant risk relating to valuation and revenue\nrecognition) to ensure sufficient appropriate evidence was obtained to\nsupport the values of the investments (including whether credit loss\nprovisions should have been made), the recoverability of the revenue\nrecognised for them or the completeness and whether they may have been\nrelated party transactions;\n(b) Failed to perform procedures required in accordance with paragraph [22 to\n26] of ASA 540 relating to the value estimates of the investments (and any\n Source: `other-pdfs/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf (https://www.cadb.gov.au/media/bwhhfr5m/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf)`\n- As to ASA 200 paragraphs [11], [15] and [17], (see paragraph 91 above), we\nare satisfied that the failures above demonstrated that Mr O’Shea did not plan and\nperform the audit with professional scepticism and that Mr O’Shea did not obtain\nsufficient appropriate audit evidence to reduce audit risk to an acceptable low level\nand thereby enable the auditor to draw reasonable conclusions on which to base\nthe auditors opinion, contrary to the requirements of ASA 200, paragraphs [15]\nand [17].\n Source: `other-pdfs/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf (https://www.cadb.gov.au/media/bwhhfr5m/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf)`\n- [pages 33,34,35]\nnsequence of the above, contrary to paragraphs [11] and [17] of\nASA 200, did not obtain sufficient appropriate audit evidence to reduce audit\nrisk to an acceptably low level to obtain reasonable assurance that GCPF’s\nFY21 and FY22 financial reports were free from material misstatement\nrelating to the new investments, including their related party and other\ndisclosures; and\n(i) Contrary to paragraphs [5], [8] and [9(a)] of ASA 230, he has otherwise\nfailed to adequately document his audit of these investments.\n Source: `other-pdfs/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf (https://www.cadb.gov.au/media/bwhhfr5m/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf)`\n- We are satisfied in the light of Mr O’Shea’s admissions as to his failure to take the\nsteps set out in paragraph 130 above and the evidence tendered in support of\nthose admissions, that:\n(a) As to paragraph [6] of ASA 500 and paragraphs [6] and [21] of ASA\n330, Mr O’Shea failed to design and perform procedures that were\nresponsive to the assessed risk (including significant risk relating to\nvaluation) to ensure sufficient appropriate evidence was obtained to\nsupport the values of the investments (including whether credit loss\nprovisions should have been made);\n(b) As to paragraph [23] to [26] of ASA 540, Mr O’Shea failed to perform\nprocedures required in accordance with relating to the value estimates of\nthe investments (and any necessary credit loss provisions) to obtain\nsufficient appropriate audit evidence regarding the selection and application\n Source: `other-pdfs/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf (https://www.cadb.gov.au/media/bwhhfr5m/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf)`\n- [Page 39]\n(a) Contrary to paragraph [6] of ASA 500 and paragraphs [6] and [21] of ASA\n330, failed to design and perform procedures that were responsive to the\nassessed risk (including significant risk relating to valuation and revenue\nrecognition) to ensure sufficient appropriate evidence was obtained to\nsupport the values of the investments resulting from further lending\n(including whether credit loss provisions should have been made), the\nrevenue recognised for them or the completeness and accuracy of related\nparty and other disclosures about them (i.e. the absence of any such\ndisclosures);\n(b) Contrary to paragraphs [23] and [33(c)] of ASA 240 failed to evaluate as\nunusual transactions whether the business rationale (or the lack thereof) of\nthe further lending suggests that they may have been entered into to\nengage in fraudulent financial reporting or to conceal misappropriation of\n Source: `other-pdfs/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf (https://www.cadb.gov.au/media/bwhhfr5m/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf)`\n- [Page 40]\nO’Shea’s admissions as to his failures as set out in paragraphs 151, 152 and 153\nabove that:\n(a) As to paragraph [6] of ASA 500 and paragraphs [6] and [21] of ASA\n330, Mr O’Shea failed to design and perform procedures that were\nresponsive to the assessed risk (including significant risk relating to\nvaluation and revenue recognition) to ensure sufficient appropriate\nevidence was obtained to support the values of the investments resulting\nfrom further lending (including whether credit loss provisions should have\nbeen made), the revenue recognised for them or the completeness and\naccuracy of related party and other disclosures about them (i.e. the absence\nof any such disclosures);\n(b) As to paragraphs [11] and [17] of ASA 200, as a consequence of the\nabove, Mr O’Shea did not obtain sufficient appropriate audit evidence to\n Source: `other-pdfs/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf (https://www.cadb.gov.au/media/bwhhfr5m/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf)`\n- Testing less\nthan the full population on its own is not audit sampling and it requires all\nsampling units to have a chance of selection in order to provide the auditor\nwith a reasonable basis on which to draw conclusions about the entire\npopulation;\n(b) Contrary to paragraph [6] of ASA 500 and paragraphs [6] and [21] of ASA\n330, Mr O’Shea failed to design and perform procedures that were\nresponsive to the assessed risk (including the significant risk relating to\nrevenue recognition) to ensure sufficient appropriate evidence was\nobtained to support the investment income, including the recoverability of\nthe revenue recognised;\n(c) As a consequence of the above, contrary to paragraphs [11] and [17] of\nASA 200, Mr O’Shea did not obtain sufficient appropriate audit evidence to\nreduce audit risk to an acceptably low level to obtain reasonable assurance\n Source: `other-pdfs/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf (https://www.cadb.gov.au/media/bwhhfr5m/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf)`\n- In relation to the specific breaches of ASAs, by reason of the matters set out above,\nfor the impairment expense in the FY22 and FY23 audits, Mr O’Shea:\n(a) Contrary to paragraph [6] of ASA 500 and paragraphs [6]6 and [21] of ASA\n330, failed to design and perform procedures that were responsive to the\nassessed risk (including the significant risk relating to revenue recognition)\nto ensure sufficient appropriate evidence was obtained to support\nimpairment expense;\n(b) Contrary to paragraph [20] of ASA 330, failed to perform substantive\nprocedures agreeing or reconciling the impairment expense in the financial\nreport with the underlying accounting records and adequately examining\nmaterial journal entries for the impairment expenses;\n(c) As a consequence of the above, contrary to paragraphs [11] and [17] of\nASA 200, did not obtain sufficient appropriate audit evidence to reduce audit\n Source: `other-pdfs/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf (https://www.cadb.gov.au/media/bwhhfr5m/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf)`\n- [pages 51,52,53]\nent expenses;\n(c) As a consequence of the above, contrary to paragraphs [11] and [17] of\nASA 200, did not obtain sufficient appropriate audit evidence to reduce audit\nrisk to an acceptably low level to obtain reasonable assurance that GCPF’s\nfinancial reports were free from material misstatement relating to\ninvestment impairment expense; and\n(d) Contrary to paragraphs [5], [8] and [9(a)] of ASA 230, has otherwise failed\nto adequately document his audit of impairment expenses.\n Source: `other-pdfs/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf (https://www.cadb.gov.au/media/bwhhfr5m/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf)`\n\n## Corporate Values and Operating Culture\n\n- Hearing days and Board activity related to CADB Applications\nThe overview in the table below provides data on the number of days CADB\nmembers were engaged in the hearing of applications:\nActivity 2022–23 2023–24\nHearing days 15 person days 6 person days\nBesides the days spent hearing matters, Board activity in respect of which costs\nare incurred by CADB when an application is filed includes the following:\n• Scheduling and management by the CADB Chairperson of timetables\nfor parties’ pre-hearing case preparation, including attendance at pre-\nhearing conferences; (5 pre-hearing conferences were held in the\nreporting period);\n• Appointment of one or two CADB members to conduct mediation if\nrequested by the parties;\n• The preparation, issue and service of witness summons to appear at\nhearings to provide evidence should a party to a matter apply to CADB;\n Source: `annual-reports/2023-24.pdf (https://www.cadb.gov.au/media/5jlawgle/cadb-annual-report-2023-2024.pdf)`\n- Hearing days and Board activity related to CADB Applications\nThe table below provides data on the number of days CADB members were\nengaged in the hearing of applications:\nActivity 2023–24 2024–25\nHearing days 6 person days 18 person days\nBesides the days spent hearing matters, Board activity in respect of which costs\nare incurred by CADB when an application is filed includes the following:\n• Scheduling and management by the CADB Chairperson of timetables\nfor parties’ pre-hearing case preparation, including attendance at pre-\nhearing conferences; (four pre-hearing conferences were held in the\nreporting period);\n• The preparation, issue and service of witness summons to appear at\nhearings to provide evidence (three witness summons were issued in the\nreporting period);\n• Determination by the Chairperson of the make-up of a Panel to hear a\nmatter.\n Source: `annual-reports/2024-25.pdf (https://www.cadb.gov.au/media/2gufmza4/cadb-annual-report-2024-25.pdf)`\n- [Page 17]\n(a) Contrary to paragraph [6] of ASA 500 and paragraphs [6] and [21] of ASA\n330, failed to design and perform procedures that were responsive to the\nassessed risk (including significant risk relating to valuation and revenue\nrecognition) to ensure sufficient appropriate evidence was obtained to\nsupport the values of new investments made by GCPF (including whether\ncredit loss provisions should have been made), the recoverability of the\nrevenue recognised for them or the completeness and accuracy of their\nrelated party disclosures, including that they were on ‘normal commercial\nterms’;\n(b) Failed to perform procedures required in accordance with paragraph [22 to\n26] of ASA 540 relating to the value estimates of new investments (and any\nnecessary credit loss provisions) to obtain sufficient appropriate audit\nevidence regarding the selection and application of methods, significant\n Source: `other-pdfs/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf (https://www.cadb.gov.au/media/bwhhfr5m/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf)`\n- In relation to the specific breaches of ASAs, by reasons of the matters set out above, for\nthe six non-related party investments made in FY22 in the FY22 and FY23 audits, Mr\nO’Shea:\n(a) Contrary to paragraph [6] of ASA 500 and paragraphs [6] and [21] of ASA\n330, failed to design and perform procedures that were responsive to the\nassessed risk (including significant risk relating to valuation and revenue\nrecognition) to ensure sufficient appropriate evidence was obtained to\nsupport the values of the investments (including whether credit loss\nprovisions should have been made), the recoverability of the revenue\nrecognised for them or the completeness and whether they may have been\nrelated party transactions;\n(b) Failed to perform procedures required in accordance with paragraph [22 to\n26] of ASA 540 relating to the value estimates of the investments (and any\n Source: `other-pdfs/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf (https://www.cadb.gov.au/media/bwhhfr5m/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf)`\n- As to ASA 200 paragraphs [11], [15] and [17], (see paragraph 91 above), we\nare satisfied that the failures above demonstrated that Mr O’Shea did not plan and\nperform the audit with professional scepticism and that Mr O’Shea did not obtain\nsufficient appropriate audit evidence to reduce audit risk to an acceptable low level\nand thereby enable the auditor to draw reasonable conclusions on which to base\nthe auditors opinion, contrary to the requirements of ASA 200, paragraphs [15]\nand [17].\n Source: `other-pdfs/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf (https://www.cadb.gov.au/media/bwhhfr5m/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf)`\n- We are satisfied in the light of Mr O’Shea’s admissions as to his failure to take the\nsteps set out in paragraph 130 above and the evidence tendered in support of\nthose admissions, that:\n(a) As to paragraph [6] of ASA 500 and paragraphs [6] and [21] of ASA\n330, Mr O’Shea failed to design and perform procedures that were\nresponsive to the assessed risk (including significant risk relating to\nvaluation) to ensure sufficient appropriate evidence was obtained to\nsupport the values of the investments (including whether credit loss\nprovisions should have been made);\n(b) As to paragraph [23] to [26] of ASA 540, Mr O’Shea failed to perform\nprocedures required in accordance with relating to the value estimates of\nthe investments (and any necessary credit loss provisions) to obtain\nsufficient appropriate audit evidence regarding the selection and application\n Source: `other-pdfs/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf (https://www.cadb.gov.au/media/bwhhfr5m/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf)`\n- [Page 39]\n(a) Contrary to paragraph [6] of ASA 500 and paragraphs [6] and [21] of ASA\n330, failed to design and perform procedures that were responsive to the\nassessed risk (including significant risk relating to valuation and revenue\nrecognition) to ensure sufficient appropriate evidence was obtained to\nsupport the values of the investments resulting from further lending\n(including whether credit loss provisions should have been made), the\nrevenue recognised for them or the completeness and accuracy of related\nparty and other disclosures about them (i.e. the absence of any such\ndisclosures);\n(b) Contrary to paragraphs [23] and [33(c)] of ASA 240 failed to evaluate as\nunusual transactions whether the business rationale (or the lack thereof) of\nthe further lending suggests that they may have been entered into to\nengage in fraudulent financial reporting or to conceal misappropriation of\n Source: `other-pdfs/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf (https://www.cadb.gov.au/media/bwhhfr5m/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf)`\n- [Page 40]\nO’Shea’s admissions as to his failures as set out in paragraphs 151, 152 and 153\nabove that:\n(a) As to paragraph [6] of ASA 500 and paragraphs [6] and [21] of ASA\n330, Mr O’Shea failed to design and perform procedures that were\nresponsive to the assessed risk (including significant risk relating to\nvaluation and revenue recognition) to ensure sufficient appropriate\nevidence was obtained to support the values of the investments resulting\nfrom further lending (including whether credit loss provisions should have\nbeen made), the revenue recognised for them or the completeness and\naccuracy of related party and other disclosures about them (i.e. the absence\nof any such disclosures);\n(b) As to paragraphs [11] and [17] of ASA 200, as a consequence of the\nabove, Mr O’Shea did not obtain sufficient appropriate audit evidence to\n Source: `other-pdfs/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf (https://www.cadb.gov.au/media/bwhhfr5m/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf)`\n\n## Global Ideas and Case Study Inputs\n\n_No global-intelligence source text found yet. Run `CLAUDE/global-ideas-scraper.py ` to populate case-study sources._\n\n## Source Artifacts Used\n\n- `annual-reports/2020-21.pdf` - annual-reports - https://www.cadb.gov.au/media/yrybxwff/cadb-2021-annual-report.pdf\n- `annual-reports/2021-22.pdf` - annual-reports - https://www.cadb.gov.au/media/o2zhngk3/cadb-annual-report-2021-2022.pdf\n- `annual-reports/2022-23.pdf` - annual-reports - https://www.cadb.gov.au/media/q35n4s4g/cadb-annual-report-2022-2023.pdf\n- `annual-reports/2023-24.pdf` - annual-reports - https://www.cadb.gov.au/media/5jlawgle/cadb-annual-report-2023-2024.pdf\n- `annual-reports/2024-25.pdf` - annual-reports - https://www.cadb.gov.au/media/2gufmza4/cadb-annual-report-2024-25.pdf\n- `pages/about.html` - pages - http://www.cadb.gov.au/about-us/\n- `pages/annual-reports-index.html` - pages - http://www.cadb.gov.au/resources/annual-reports/\n- `pages/annual-reports-index__00.html` - pages - https://www.cadb.gov.au/media/2gufmza4/cadb-annual-report-2024-25.pdf\n- `pages/annual-reports-index__01.html` - pages - https://www.cadb.gov.au/media/5jlawgle/cadb-annual-report-2023-2024.pdf\n- `pages/annual-reports-index__02.html` - pages - https://www.cadb.gov.au/media/o2zhngk3/cadb-annual-report-2021-2022.pdf\n- `pages/annual-reports-index__03.html` - pages - https://www.cadb.gov.au/media/q35n4s4g/cadb-annual-report-2022-2023.pdf\n- `pages/annual-reports-index__04.html` - pages - https://www.cadb.gov.au/media/yrybxwff/cadb-2021-annual-report.pdf\n- `pages/annual-reports-index__05.html` - pages - https://www.cadb.gov.au/media/5828869/cadb-annual-report-2019-2020.pdf\n- `pages/annual-reports-index__06.html` - pages - https://www.cadb.gov.au/media/5319160/cadb-annual-report-2018-2019.pdf\n- `pages/annual-reports-index__07.html` - pages - https://www.cadb.gov.au/media/4913150/cadb-annual-report-2017-2018.pdf\n- `pages/annual-reports-index__08.html` - pages - https://www.cadb.gov.au/media/4522400/cadb-annual-report-2017-1.pdf\n- `pages/annual-reports-index__09.html` - pages - https://www.cadb.gov.au/media/4522281/cadb-annual-report-2017-final.docx\n- `pages/annual-reports-index__10.html` - pages - https://www.cadb.gov.au/media/4043426/caldb-annual-report-2016.pdf\n- `pages/annual-reports-index__11.html` - pages - https://www.cadb.gov.au/media/3438555/caldb-2015-annual-report-final.pdf\n- `pages/annual-reports-index__12.html` - pages - https://www.cadb.gov.au/media/2266856/caldb-annual-report-2014.pdf\n- `pages/annual-reports-index__13.html` - pages - https://www.cadb.gov.au/media/2266850/caldb-annual-report-2014-read-only.docx\n- `pages/annual-reports-index__14.html` - pages - https://www.cadb.gov.au/media/1247667/caldb-2013-annual-report.pdf\n- `pages/annual-reports-index__15.html` - pages - https://www.cadb.gov.au/media/1247693/caldb-annual-report-2013.docx\n- `pages/annual-reports-index__16.html` - pages - https://www.cadb.gov.au/media/1247661/caldb-2012-annual-report.pdf\n- `pages/annual-reports-index__17.html` - pages - https://www.cadb.gov.au/media/1247655/caldb-2011-annual-report.pdf\n- `pages/annual-reports-index__18.html` - pages - https://www.cadb.gov.au/media/1247649/caldb-2010-annual-report.pdf\n- `pages/annual-reports-index__19.html` - pages - https://www.cadb.gov.au/media/1247643/caldb-2009-annual-report.pdf\n- `pages/annual-reports-index__20.html` - pages - https://www.cadb.gov.au/media/1247637/caldb-2008-annual-report.pdf\n- `pages/annual-reports-index__21.html` - pages - https://www.cadb.gov.au/media/1247612/caldb-2007-annual-report.pdf\n- `pages/annual-reports-index__22.html` - pages - https://www.cadb.gov.au/media/1247606/caldb-2006-annual-report.pdf\n- `pages/annual-reports-index__23.html` - pages - https://www.cadb.gov.au/media/1247600/caldb-2005-annual-report.pdf\n- `pages/annual-reports-index__24.html` - pages - https://www.cadb.gov.au/media/1247588/caldb-2004-annual-report.pdf\n- `pages/annual-reports-index__25.html` - pages - https://www.cadb.gov.au/media/1247582/caldb-2003-annual-report.pdf\n- `pages/homepage.html` - pages - http://www.cadb.gov.au/\n- `pages/news-latest.html` - pages - http://www.cadb.gov.au/news-room/\n- `other-pdfs/media-release-danieli-sam-02nsw24.pdf` - other-pdfs - https://www.cadb.gov.au/media/0gzg4uiy/media-release-danieli-sam-02nsw24.pdf\n- `other-pdfs/media-release-o-shea-ryan-william-01vic25.pdf` - other-pdfs - https://www.cadb.gov.au/media/mwqh5otz/media-release-o-shea-ryan-william-01vic25.pdf\n- `other-pdfs/notice-of-decision-and-reasons-danieli-sam-02nsw24.pdf` - other-pdfs - https://www.cadb.gov.au/media/ta4kv1wo/notice-of-decision-and-reasons-danieli-sam-02nsw24.pdf\n- `other-pdfs/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf` - other-pdfs - https://www.cadb.gov.au/media/bwhhfr5m/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf\n- `other-pdfs/trivett-simon-notice-of-decision-and-reasons-01vic21.pdf` - other-pdfs - https://www.cadb.gov.au/media/rgldfbkz/trivett-simon-notice-of-decision-and-reasons-01vic21.pdf\n\n## Gaps To Fix\n\n- No corporate plan text source found.\n- No global comparison/case-study sources found.", "legislation_md": "# Companies Auditors Disciplinary Board - Acts and Legislation Discovery\n\n**Generated at**: 2026-05-09T21:20:54.216236+00:00\n**Entity ID**: B-001973\n**Jurisdiction**: Commonwealth\n**Portfolio**: Treasury\n\n> This is an evidence-based discovery list from scraped department material. A mention does not always mean the department administers the legislation; high-confidence and official register links should be reviewed.\n\n## Summary\n\n- Source files scanned: 40\n- Unique legislation references found: 31\n\n| Type | Count |\n|---|---:|\n| Act | 30 |\n| Regulation | 1 |\n\n## Legislation References\n\n### Australian Securities and Investments Commission Act 2001\n\n**Type**: Act\n**Confidence**: high\n**Mentions**: 11\n**Register search**: https://www.legislation.gov.au/search?query=Australian+Securities+and+Investments+Commission+Act+2001\n\n**Sources**:\n- `pages/about.html`\n- `annual-reports/2021-22.pages.jsonl`\n- `annual-reports/2022-23.pages.jsonl`\n- `annual-reports/2023-24.pages.jsonl`\n- `annual-reports/2024-25.pages.jsonl`\n- `other-pdfs/trivett-simon-notice-of-decision-and-reasons-01vic21.pages.jsonl`\n\n**Evidence contexts**:\n- About us | CADB - Companies Auditors Disciplinary Board\n\nAbout us\nThe Companies Auditors Disciplinary Board (\nCADB\n) is an independent expert disciplinary tribunal established by Commonwealth Statute (\nAustralian Securities and Investments Commission Act 2001\ns1(1)(d) and 203). Its primary function is to hear and determine applications to cancel or suspend the registration of registered company auditors (see more below at\nOur role\n).\nCADB consists of its fourteen Members, appointed on a part time basis by the resp\n Source: `pages/about.html`\n- . 16\niii\n\n[page 6]\n21 October 2022\nThe Hon Stephen Jones MP\nAssistant Treasurer\nParliament House\nCanberra ACT 2600\nDear Assistant Treasurer\nl am pleased to present the Board's Annual Report for the year ended 30 June 2022\nin accordance with section 214 of the Australian Securities and Investments\nCommission Act 2001 (ASIC Act).\nSection 214(1) of the ASIC Act requires the Board to prepare a report describing its\noperations during the year and to give a copy of the report to the Minister as soon as\npracticable after 30 June and before 31 October, each year.\nSection 214(2)\n Source: `annual-reports/2021-22.pages.jsonl`\n- l Report 2022–2023\n13 October 2023\nThe Hon Stephen Jones MP\nAssistant Treasurer\nParliament House\nCanberra ACT 2600\nDear Assistant Treasurer\nl am pleased to present the Board's Annual Report for the year ended 30 June 2023 in\naccordance with section 214 of the Australian Securities and Investments\nCommission Act 2001 (ASIC Act).\nSection 214(1) of the ASIC Act requires the Board to prepare a report describing its\noperations during the year and to give a copy of the report to the Minister as soon as\npracticable after 30 June and before 31 October, each year.\nSection 214(2)\n Source: `annual-reports/2022-23.pages.jsonl`\n- 24\nThe Hon Stephen Jones MP\nAssistant Treasurer\nParliament House\nCanberra ACT 2600\nDear Assistant Treasurer\nl am pleased to present the Companies Auditors Disciplinary Board's Annual Report\nfor the year ended 30 June 2024 in accordance with section 214 of the Australian\nSecurities and Investments Commission Act 2001 (ASIC Act).\nSection 214(1) of the ASIC Act requires the Board to prepare a report describing its\noperations during the year and to give a copy of the report to the Minister as soon as\npracticable after 30 June and before 31 October, each year.\nSection 214(2)\n Source: `annual-reports/2023-24.pages.jsonl`\n- in specified conduct, and to refrain from\nengaging in specified conduct, in the form attached as Schedule A to\nthese orders [and annexed as Schedule A to this decision].\nOn 30 August 2023, the Panel decided to exercise its power pursuant to\nsection 223 of the Australian Securities and Investments Commission Act\n2001 (Cth) by ordering that:\n2. Within 28 days of the date of this order, Mr Mooney to pay the\nApplicant’s costs in the fixed sum of $175,000.\nA copy of the written decision and reasons dated 30 August 2023\naccompanies and forms part of this Notice.\nDated: 30 Augu\n Source: `annual-reports/2023-24.pages.jsonl`\n\n### Act Administrative Decisions (Judicial Review) Act 1977\n\n**Type**: Act\n**Confidence**: high\n**Mentions**: 5\n**Register search**: https://www.legislation.gov.au/search?query=Act+Administrative+Decisions+%28Judicial+Review%29+Act+1977\n\n**Sources**:\n- `annual-reports/2020-21.pages.jsonl`\n- `annual-reports/2021-22.pages.jsonl`\n- `annual-reports/2022-23.pages.jsonl`\n- `annual-reports/2023-24.pages.jsonl`\n- `annual-reports/2024-25.pages.jsonl`\n\n**Evidence contexts**:\n- CADB does not carry out any advertising or market research.\nDiscretionary grants\nCADB does not administer any discretionary grant program.\n12\n\n[page 16]\nAnnual Report 2020–2021\nGlossary\nAAT Administrative Appeals Tribunal\nAD (JR) Act Administrative Decisions (Judicial Review) Act 1977\nAPRA Australian Prudential Regulation Authority\nASIC Act Australian Securities and Investments Commission Act 2001\nASIC Australian Securities and Investments Commission\nCAANZ Chartered Accountants Australia and NewZealand\nCADB The Companies Auditors Disciplin\n Source: `annual-reports/2020-21.pages.jsonl`\n- CADB does not carry out any advertising or market research.\nDiscretionary grants\nCADB does not administer any discretionary grant program.\n12\n\n[page 19]\nAnnual Report 2021–2022\nGlossary\nAAT Administrative Appeals Tribunal\nAD (JR) Act Administrative Decisions (Judicial Review) Act 1977\nAPRA Australian Prudential Regulation Authority\nASIC Act Australian Securities and Investments Commission Act 2001\nASIC Australian Securities and Investments Commission\nCAANZ Chartered Accountants Australia and New Zealand\nCADB The Companies Auditors Discipli\n Source: `annual-reports/2021-22.pages.jsonl`\n- CADB does not carry out any advertising or market research.\nDiscretionary grants\nCADB does not administer any discretionary grant program.\n13\n\n[page 20]\nAnnual Report 2022–2023\nGlossary\nAAT Administrative Appeals Tribunal\nAD (JR) Act Administrative Decisions (Judicial Review) Act 1977\nAPRA Australian Prudential Regulation Authority\nASIC Act Australian Securities and Investments Commission Act 2001\nASIC Australian Securities and Investments Commission\nCAANZ Chartered Accountants Australia and New Zealand\nCADB The Companies Auditors Discipli\n Source: `annual-reports/2022-23.pages.jsonl`\n- CADB does not carry out any advertising or market research.\nDiscretionary grants\nCADB does not administer any discretionary grant program.\n15\n\n[page 22]\nAnnual Report 2023–2024\nGlossary\nAAT Administrative Appeals Tribunal\nAD (JR) Act Administrative Decisions (Judicial Review) Act 1977 (Cth.)\nAPRA Australian Prudential Regulation Authority\nASIC Act Australian Securities and Investments Commission Act 2001\n(Cth.)\nASIC Australian Securities and Investments Commission\nBoard The Companies Auditors Disciplinary Board\nCADB The Companies Auditors\n Source: `annual-reports/2023-24.pages.jsonl`\n- CADB does not carry out any advertising or market research.\nDiscretionary grants\nCADB does not administer any discretionary grant programs.\n15\n\n[page 22]\nAnnual Report 2024–2025\nGlossary\nART Administrative Review Tribunal\nAD (JR) Act Administrative Decisions (Judicial Review) Act 1977 (Cth.)\nANAO Australian National Audit Office\nAPRA Australian Prudential Regulation Authority\nASIC Act Australian Securities and Investments Commission Act 2001\n(Cth.)\nASIC Australian Securities and Investments Commission\nBoard The Companies Auditors Disciplin\n Source: `annual-reports/2024-25.pages.jsonl`\n\n### Cth.) FOI Act Freedom of Information Act 1982\n\n**Type**: Act\n**Confidence**: high\n**Mentions**: 5\n**Register search**: https://www.legislation.gov.au/search?query=Cth.%29+FOI+Act+Freedom+of+Information+Act+1982\n\n**Sources**:\n- `annual-reports/2020-21.pages.jsonl`\n- `annual-reports/2021-22.pages.jsonl`\n- `annual-reports/2022-23.pages.jsonl`\n- `annual-reports/2023-24.pages.jsonl`\n- `annual-reports/2024-25.pages.jsonl`\n\n**Evidence contexts**:\n- SIC Act Australian Securities and Investments Commission Act 2001\nASIC Australian Securities and Investments Commission\nCAANZ Chartered Accountants Australia and NewZealand\nCADB The Companies Auditors Disciplinary Board\nCorporations Act Corporations Act 2001 (Cth.)\nFOI Act Freedom of Information Act 1982 (Cth.)\nMinister The Minister responsible for CADB, currently the Honourable\nMichael Sukkar MP\nPanel A panel of CADB Members convened in accordance with\nSection 210A of the ASIC Act\nPJC Parliamentary Joint Committee on Corporations and Financial\nServices\n13\n\n[\n Source: `annual-reports/2020-21.pages.jsonl`\n- IC Act Australian Securities and Investments Commission Act 2001\nASIC Australian Securities and Investments Commission\nCAANZ Chartered Accountants Australia and New Zealand\nCADB The Companies Auditors Disciplinary Board\nCorporations Act Corporations Act 2001 (Cth.)\nFOI Act Freedom of Information Act 1982 (Cth.)\nMinister The Minister responsible for CADB, currently the Treasurer,\nthe Hon Dr Jim Chalmers MP and formerly the Assistant\nTreasurer the Hon Mr Michael Sukkar MP.\nPanel A panel of CADB Members convened in accordance with\nSection 210A of the ASIC Act\nPJ\n Source: `annual-reports/2021-22.pages.jsonl`\n- IC Act Australian Securities and Investments Commission Act 2001\nASIC Australian Securities and Investments Commission\nCAANZ Chartered Accountants Australia and New Zealand\nCADB The Companies Auditors Disciplinary Board\nCorporations Act Corporations Act 2001 (Cth.)\nFOI Act Freedom of Information Act 1982 (Cth.)\nMinister The Minister responsible for CADB, currently the Assistant\nTreasurer and the Minister for Financial Services the Hon\nStephen Jones MP\nPanel A panel of CADB Members convened in accordance with\nSection 210A of the ASIC Act\nPJC Parliamentary Join\n Source: `annual-reports/2022-23.pages.jsonl`\n- C Act Australian Securities and Investments Commission Act 2001\n(Cth.)\nASIC Australian Securities and Investments Commission\nBoard The Companies Auditors Disciplinary Board\nCADB The Companies Auditors Disciplinary Board\nCorporations Act Corporations Act 2001 (Cth.)\nFOI Act Freedom of Information Act 1982 (Cth.)\nMinister The Minister responsible for CADB, currently the Assistant\nTreasurer the Hon Stephen Jones MP\nPanel A panel of CADB Members convened in accordance with\nSection 210A of the ASIC Act\nPJC Parliamentary Joint Committee on Corporations and Financia\n Source: `annual-reports/2023-24.pages.jsonl`\n- C Act Australian Securities and Investments Commission Act 2001\n(Cth.)\nASIC Australian Securities and Investments Commission\nBoard The Companies Auditors Disciplinary Board\nCADB The Companies Auditors Disciplinary Board\nCorporations Act Corporations Act 2001 (Cth.)\nFOI Act Freedom of Information Act 1982 (Cth.)\nMinister The Minister responsible for CADB, currently the Assistant\nTreasurer and Minister for Financial Service, The Hon Dr\nDaniel Mulino MP\nPanel A Panel of CADB Members convened to conduct a hearing\nin accordance with Section 210A of the ASIC Act\nPJ\n Source: `annual-reports/2024-25.pages.jsonl`\n\n### Environment Protection and Biodiversity Conservation Act 1999\n\n**Type**: Act\n**Confidence**: high\n**Mentions**: 4\n**Register search**: https://www.legislation.gov.au/search?query=Environment+Protection+and+Biodiversity+Conservation+Act+1999\n\n**Sources**:\n- `annual-reports/2020-21.pages.jsonl`\n- `annual-reports/2021-22.pages.jsonl`\n- `annual-reports/2023-24.pages.jsonl`\n- `annual-reports/2024-25.pages.jsonl`\n\n**Evidence contexts**:\n- rences, or relevant investigations took place during the 2020–21 financial\nyear. When attending hearings and CADB meetings the Registrar and CADB\nmembers are covered either under Comcare or Comcover or have their own\narrangements in place.\nSection 516A of the Environment Protection and Biodiversity Conservation Act\n1999 requires CADB to report on matters relevant to ecologically sustainable\ndevelopment (\"ESD\"). CADB reports that:\n5 2020 administrative expenses appear much higher because they included the take up as an operating\nexpense of a $250,000 provision for a claim by\n Source: `annual-reports/2020-21.pages.jsonl`\n- ences, or relevant investigations took place during the 2021–\n22 financial year. When attending hearings and CADB meetings the Registrar\nand CADB members are covered either under Comcare or Comcover or\nhave their own arrangements in place.\nSection 516A of the Environment Protection and Biodiversity Conservation Act\n1999 requires CADB to report on matters relevant to ecologically sustainable\ndevelopment (\"ESD\"). CADB reports that:\n• The only activities relevant to ESD principles concern\nprocurement of goods and services which is arranged via ASIC.\n• CADB’s legislative functio\n Source: `annual-reports/2021-22.pages.jsonl`\n- nces, or relevant investigations took place during the 2023– 24 financial\nyear. When attending hearings and CADB meetings, the Registrar and CADB\nmembers are covered either under Comcare or Comcover or have their own\narrangements in place.\nSection 516A of the Environment Protection and Biodiversity Conservation Act\n1999 requires CADB to report on matters relevant to ecologically sustainable\ndevelopment (\"ESD\"). CADB reports that:\n• The only activities relevant to ESD principles concern procurement of\ngoods and services which is arranged via ASIC;\n• CADB’s legislative functio\n Source: `annual-reports/2023-24.pages.jsonl`\n- nces, or relevant investigations took place during the 2024– 25 financial\nyear. When attending hearings and CADB meetings, the Registrar and CADB\nmembers are covered either under Comcare or Comcover or have their own\narrangements in place.\nSection 516A of the Environment Protection and Biodiversity Conservation Act\n1999 requires CADB to report on matters relevant to ecologically sustainable\ndevelopment (\"ESD\"). CADB reports that:\n• The only activities relevant to ESD principles concern procurement of\ngoods and services which is arranged via ASIC;\n13\n\n[page 20]\nAnnual Report\n Source: `annual-reports/2024-25.pages.jsonl`\n\n### APRA Australian Prudential Regulation Authority ASIC Act Australian Securities and Investments Commission Act 2001\n\n**Type**: Act\n**Confidence**: high\n**Mentions**: 3\n**Register search**: https://www.legislation.gov.au/search?query=APRA+Australian+Prudential+Regulation+Authority+ASIC+Act+Australian+Securities+and+Investments+Commission+Act+2001\n\n**Sources**:\n- `annual-reports/2020-21.pages.jsonl`\n- `annual-reports/2021-22.pages.jsonl`\n- `annual-reports/2022-23.pages.jsonl`\n\n**Evidence contexts**:\n- y advertising or market research.\nDiscretionary grants\nCADB does not administer any discretionary grant program.\n12\n\n[page 16]\nAnnual Report 2020–2021\nGlossary\nAAT Administrative Appeals Tribunal\nAD (JR) Act Administrative Decisions (Judicial Review) Act 1977\nAPRA Australian Prudential Regulation Authority\nASIC Act Australian Securities and Investments Commission Act 2001\nASIC Australian Securities and Investments Commission\nCAANZ Chartered Accountants Australia and NewZealand\nCADB The Companies Auditors Disciplinary Board\nCorporations Act Corporations Act 2001 (Cth.)\nFOI Act Freedom of Information Act 1982 (Cth.)\nMinister The\n Source: `annual-reports/2020-21.pages.jsonl`\n- y advertising or market research.\nDiscretionary grants\nCADB does not administer any discretionary grant program.\n12\n\n[page 19]\nAnnual Report 2021–2022\nGlossary\nAAT Administrative Appeals Tribunal\nAD (JR) Act Administrative Decisions (Judicial Review) Act 1977\nAPRA Australian Prudential Regulation Authority\nASIC Act Australian Securities and Investments Commission Act 2001\nASIC Australian Securities and Investments Commission\nCAANZ Chartered Accountants Australia and New Zealand\nCADB The Companies Auditors Disciplinary Board\nCorporations Act Corporations Act 2001 (Cth.)\nFOI Act Freedom of Information Act 1982 (Cth.)\nMinister Th\n Source: `annual-reports/2021-22.pages.jsonl`\n- y advertising or market research.\nDiscretionary grants\nCADB does not administer any discretionary grant program.\n13\n\n[page 20]\nAnnual Report 2022–2023\nGlossary\nAAT Administrative Appeals Tribunal\nAD (JR) Act Administrative Decisions (Judicial Review) Act 1977\nAPRA Australian Prudential Regulation Authority\nASIC Act Australian Securities and Investments Commission Act 2001\nASIC Australian Securities and Investments Commission\nCAANZ Chartered Accountants Australia and New Zealand\nCADB The Companies Auditors Disciplinary Board\nCorporations Act Corporations Act 2001 (Cth.)\nFOI Act Freedom of Information Act 1982 (Cth.)\nMinister Th\n Source: `annual-reports/2022-23.pages.jsonl`\n\n### Commission CAANZ Chartered Accountants Australia and New Zealand CADB The Companies Auditors Disciplinary Board Corporations Act Corporations Act 2001\n\n**Type**: Act\n**Confidence**: medium\n**Mentions**: 2\n**Register search**: https://www.legislation.gov.au/search?query=Commission+CAANZ+Chartered+Accountants+Australia+and+New+Zealand+CADB+The+Companies+Auditors+Disciplinary+Board+Corporations+Act+Corporations+Act+2001\n\n**Sources**:\n- `annual-reports/2021-22.pages.jsonl`\n- `annual-reports/2022-23.pages.jsonl`\n\n**Evidence contexts**:\n- y\nAAT Administrative Appeals Tribunal\nAD (JR) Act Administrative Decisions (Judicial Review) Act 1977\nAPRA Australian Prudential Regulation Authority\nASIC Act Australian Securities and Investments Commission Act 2001\nASIC Australian Securities and Investments Commission\nCAANZ Chartered Accountants Australia and New Zealand\nCADB The Companies Auditors Disciplinary Board\nCorporations Act Corporations Act 2001 (Cth.)\nFOI Act Freedom of Information Act 1982 (Cth.)\nMinister The Minister responsible for CADB, currently the Treasurer,\nthe Hon Dr Jim Chalmers MP and formerly the Assistant\nTreasurer the Hon Mr Michael Sukkar MP.\nPanel A panel of CADB Members convened in\n Source: `annual-reports/2021-22.pages.jsonl`\n- y\nAAT Administrative Appeals Tribunal\nAD (JR) Act Administrative Decisions (Judicial Review) Act 1977\nAPRA Australian Prudential Regulation Authority\nASIC Act Australian Securities and Investments Commission Act 2001\nASIC Australian Securities and Investments Commission\nCAANZ Chartered Accountants Australia and New Zealand\nCADB The Companies Auditors Disciplinary Board\nCorporations Act Corporations Act 2001 (Cth.)\nFOI Act Freedom of Information Act 1982 (Cth.)\nMinister The Minister responsible for CADB, currently the Assistant\nTreasurer and the Minister for Financial Services the Hon\nStephen Jones MP\nPanel A panel of CADB Members convened in accordance with\nSect\n Source: `annual-reports/2022-23.pages.jsonl`\n\n### Investments Commission Board The Companies Auditors Disciplinary Board CADB The Companies Auditors Disciplinary Board Corporations Act Corporations Act 2001\n\n**Type**: Act\n**Confidence**: medium\n**Mentions**: 2\n**Register search**: https://www.legislation.gov.au/search?query=Investments+Commission+Board+The+Companies+Auditors+Disciplinary+Board+CADB+The+Companies+Auditors+Disciplinary+Board+Corporations+Act+Corporations+Act+2001\n\n**Sources**:\n- `annual-reports/2023-24.pages.jsonl`\n- `annual-reports/2024-25.pages.jsonl`\n\n**Evidence contexts**:\n- AAT Administrative Appeals Tribunal\nAD (JR) Act Administrative Decisions (Judicial Review) Act 1977 (Cth.)\nAPRA Australian Prudential Regulation Authority\nASIC Act Australian Securities and Investments Commission Act 2001\n(Cth.)\nASIC Australian Securities and Investments Commission\nBoard The Companies Auditors Disciplinary Board\nCADB The Companies Auditors Disciplinary Board\nCorporations Act Corporations Act 2001 (Cth.)\nFOI Act Freedom of Information Act 1982 (Cth.)\nMinister The Minister responsible for CADB, currently the Assistant\nTreasurer the Hon Stephen Jones MP\nPanel A panel of CADB Members convened in accordance with\nSection 210A of the ASIC Act\nPJC Parliamenta\n Source: `annual-reports/2023-24.pages.jsonl`\n- (JR) Act Administrative Decisions (Judicial Review) Act 1977 (Cth.)\nANAO Australian National Audit Office\nAPRA Australian Prudential Regulation Authority\nASIC Act Australian Securities and Investments Commission Act 2001\n(Cth.)\nASIC Australian Securities and Investments Commission\nBoard The Companies Auditors Disciplinary Board\nCADB The Companies Auditors Disciplinary Board\nCorporations Act Corporations Act 2001 (Cth.)\nFOI Act Freedom of Information Act 1982 (Cth.)\nMinister The Minister responsible for CADB, currently the Assistant\nTreasurer and Minister for Financial Service, The Hon Dr\nDaniel Mulino MP\nPanel A Panel of CADB Members convened to conduct a hearing\nin\n Source: `annual-reports/2024-25.pages.jsonl`\n\n### Investments Commission CAANZ Chartered Accountants Australia and NewZealand CADB The Companies Auditors Disciplinary Board Corporations Act Corporations Act 2001\n\n**Type**: Act\n**Confidence**: medium\n**Mentions**: 1\n**Register search**: https://www.legislation.gov.au/search?query=Investments+Commission+CAANZ+Chartered+Accountants+Australia+and+NewZealand+CADB+The+Companies+Auditors+Disciplinary+Board+Corporations+Act+Corporations+Act+2001\n\n**Sources**:\n- `annual-reports/2020-21.pages.jsonl`\n\n**Evidence contexts**:\n- 2021\nGlossary\nAAT Administrative Appeals Tribunal\nAD (JR) Act Administrative Decisions (Judicial Review) Act 1977\nAPRA Australian Prudential Regulation Authority\nASIC Act Australian Securities and Investments Commission Act 2001\nASIC Australian Securities and Investments Commission\nCAANZ Chartered Accountants Australia and NewZealand\nCADB The Companies Auditors Disciplinary Board\nCorporations Act Corporations Act 2001 (Cth.)\nFOI Act Freedom of Information Act 1982 (Cth.)\nMinister The Minister responsible for CADB, currently the Honourable\nMichael Sukkar MP\nPanel A panel of CADB Members convened in accordance with\nSection 210A of the ASIC Act\nPJC Parliamentary Joint Committ\n Source: `annual-reports/2020-21.pages.jsonl`\n\n### NEW SOUTH WALES Corporations Act 2001\n\n**Type**: Act\n**Confidence**: low\n**Mentions**: 2\n**Register search**: https://www.legislation.gov.au/search?query=NEW+SOUTH+WALES+Corporations+Act+2001\n\n**Sources**:\n- `annual-reports/2023-24.pages.jsonl`\n\n**Evidence contexts**:\n- Hon Stephen Jones MP\nPanel A panel of CADB Members convened in accordance with\nSection 210A of the ASIC Act\nPJC Parliamentary Joint Committee on Corporations and Financial\nServices\n16\n\n[page 23]\nAPPENDIX 1\nDecisions gazetted during the year ended 30 June 2024\nNEW SOUTH WALES\nCorporations Act 2001\nSection 1296(1)(c)\nNOTICE OF DECISION\nAt a hearing held pursuant to section 1294 Corporations Act 2001 (the Act) on\n6 June 2023, a Panel of the Companies Auditors Disciplinary Board (Panel)\ndecided that it was satisfied, on an application by the Australian Se\n Source: `annual-reports/2023-24.pages.jsonl`\n- th a notice of this decision pursuant to\nsub-section 1296(1)(a) of the Act.\nA copy of the written decision and reasons dated 20 September 2023\naccompanies and forms part of this Notice.\nDated: 20 September 2023\nAMBER MCFADYEN Registrar\nBPN122950\n17\n\n[page 24]\nNEW SOUTH WALES\nCorporations Act 2001\nSection 1296(1)(c)\nMatter No: 01/VIC22\nNOTICE OF DECISION\nAt a hearing held pursuant to section 1294 Corporations Act 2001 (the Act) on\n7 August 2023, a Panel of the Companies Auditors Disciplinary Board (Panel)\ndecided that it was satisfied, on an applicatio\n Source: `annual-reports/2023-24.pages.jsonl`\n\n### VICTORIA Corporations Act 2001\n\n**Type**: Act\n**Confidence**: low\n**Mentions**: 2\n**Register search**: https://www.legislation.gov.au/search?query=VICTORIA+Corporations+Act+2001\n\n**Sources**:\n- `annual-reports/2024-25.pages.jsonl`\n\n**Evidence contexts**:\n- ons Act, Mr\nSantangelo give undertakings to the Australian Securities and\nInvestments Commission (ASIC), hereby noted by the Board, as set\nout in Schedule A to the Reasons for Decision.\nDated this 9 December 2024\nKATHY VAIANO\nRegistrar\nBPN123041\n17\n\n[page 24]\nVICTORIA\nCorporations Act 2001 (Cth)\nSECTION 1296(1)\nNOTICE OF DECISION\nBRADLEY LAURANCE WILLOT TAYLOR\n000202051\nFollowing a hearing held pursuant to section 1294 of the Corporations Act 2001\n(Cth) (Corporations Act) on 20 March 2025, a Panel of the Companies Auditors\nDisciplinary Board (t\n Source: `annual-reports/2024-25.pages.jsonl`\n- ct at the end of the\nday on which the Board gives Mr Taylor a notice of the decision\nin accordance with s 1296(1)(a) of the Corporations Act.\nDated this 25th June 2025\nKATHY VAIANO\nRegistrar\nBPN123062\n____________________________________________\n18\n\n[page 25]\nVICTORIA\nCorporations Act 2001 (Cth) (Corporations Act)\nSection 1296(1)\nNOTICE OF DECISION\nSIMON CHRISTOPHER TRIVETT\nFollowing a hearing held pursuant to section 1294 of the Corporations Act 2001\n(Cth) (Corporations Act) on 26 November 2024, a Panel of the Companies\nAuditors Disciplinary B\n Source: `annual-reports/2024-25.pages.jsonl`\n\n### ANAO Australian National Audit Office APRA Australian Prudential Regulation Authority ASIC Act Australian Securities and Investments Commission Act 2001\n\n**Type**: Act\n**Confidence**: low\n**Mentions**: 1\n**Register search**: https://www.legislation.gov.au/search?query=ANAO+Australian+National+Audit+Office+APRA+Australian+Prudential+Regulation+Authority+ASIC+Act+Australian+Securities+and+Investments+Commission+Act+2001\n\n**Sources**:\n- `annual-reports/2024-25.pages.jsonl`\n\n**Evidence contexts**:\n- tising or market research.\nDiscretionary grants\nCADB does not administer any discretionary grant programs.\n15\n\n[page 22]\nAnnual Report 2024–2025\nGlossary\nART Administrative Review Tribunal\nAD (JR) Act Administrative Decisions (Judicial Review) Act 1977 (Cth.)\nANAO Australian National Audit Office\nAPRA Australian Prudential Regulation Authority\nASIC Act Australian Securities and Investments Commission Act 2001\n(Cth.)\nASIC Australian Securities and Investments Commission\nBoard The Companies Auditors Disciplinary Board\nCADB The Companies Auditors Disciplinary Board\nCorporations Act Corporations Act 2001 (Cth.)\nFOI Act Freedom of Information Act 1982 (Cth.)\nMinister T\n Source: `annual-reports/2024-25.pages.jsonl`\n\n### Acts Interpretation Act 1901\n\n**Type**: Act\n**Confidence**: low\n**Mentions**: 1\n**Register search**: https://www.legislation.gov.au/search?query=Acts+Interpretation+Act+1901\n\n**Sources**:\n- `other-pdfs/trivett-simon-notice-of-decision-and-reasons-01vic21.pages.jsonl`\n\n**Evidence contexts**:\n- derations were relevant to\nconcluding that the existence and terms of issue of the Performance\nShares were ‘significant matters’ in the FY18 Audit:\na. Based on the relevant statutory provisions [we were referred to\nS 234(2) ASIC Act 2001(Cth) and s15AA of the Acts Interpretation\nAct 1901(Cth), read with s 13(1) of the Legislation Act 2003(Cth)\napplicable to interpreting the Auditing Standards, that a\nconstruction that promotes a purpose or object of the (Auditing)\nStandard is to be preferred to a construction that would not promote\nthat purpo\n Source: `other-pdfs/trivett-simon-notice-of-decision-and-reasons-01vic21.pages.jsonl`\n\n### Australian Accounting Standards and the Corporations Act 2001\n\n**Type**: Act\n**Confidence**: low\n**Mentions**: 1\n**Register search**: https://www.legislation.gov.au/search?query=Australian+Accounting+Standards+and+the+Corporations+Act+2001\n\n**Sources**:\n- `other-pdfs/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pages.jsonl`\n\n**Evidence contexts**:\n- ded in connection with your audit of the\nfinancial report of the Global Capital Property Fund Limited for the year\nended 30 June 2021 for the purpose of expressing an opinion as to whether\nthe financial report gives a true and fair view in accordance with the\nAustralian Accounting Standards and the Corporations Act 2001.”\n531. The letters were unsigned and were purportedly from GCPF director, Brett\nDickison.\n532. The FY22 and FY23 audit files did not contain any signed written representation\nletters from GCPF’s management relevant to the FY22 and FY23 audits or any\ndocumenta\n Source: `other-pdfs/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pages.jsonl`\n\n### Australian Accounting Standards and the Corporations Regulations 2001\n\n**Type**: Regulation\n**Confidence**: low\n**Mentions**: 1\n**Register search**: https://www.legislation.gov.au/search?query=Australian+Accounting+Standards+and+the+Corporations+Regulations+2001\n\n**Sources**:\n- `other-pdfs/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pages.jsonl`\n\n**Evidence contexts**:\n- ualification and expressed\nopinions and conclusions that each entity’s financial report was in accordance with\nthe Corporations Act, including:\n(a) Giving a true and fair view of the financial position and performance of the\nentity; and\n(b) Complying with the Australian Accounting Standards and the Corporations\nRegulations 2001 (Cth).\n34. Between 15 December 2019 and 14 December 2023, Mr O’Shea disclosed in his\nannual auditor statements2 lodged with ASIC for each of GCPF, UGC and UGAFL\nthat he was the Lead Auditor (or person conducting the audit or engagement\npartner) of these entit\n Source: `other-pdfs/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pages.jsonl`\n\n### Cth.) APRA Australian Prudential Regulation Authority ASIC Act Australian Securities and Investments Commission Act 2001\n\n**Type**: Act\n**Confidence**: low\n**Mentions**: 1\n**Register search**: https://www.legislation.gov.au/search?query=Cth.%29+APRA+Australian+Prudential+Regulation+Authority+ASIC+Act+Australian+Securities+and+Investments+Commission+Act+2001\n\n**Sources**:\n- `annual-reports/2023-24.pages.jsonl`\n\n**Evidence contexts**:\n- advertising or market research.\nDiscretionary grants\nCADB does not administer any discretionary grant program.\n15\n\n[page 22]\nAnnual Report 2023–2024\nGlossary\nAAT Administrative Appeals Tribunal\nAD (JR) Act Administrative Decisions (Judicial Review) Act 1977 (Cth.)\nAPRA Australian Prudential Regulation Authority\nASIC Act Australian Securities and Investments Commission Act 2001\n(Cth.)\nASIC Australian Securities and Investments Commission\nBoard The Companies Auditors Disciplinary Board\nCADB The Companies Auditors Disciplinary Board\nCorporations Act Corporations Act 2001 (Cth.)\nFOI Act Freedom of Information Act 1982 (Cth.)\nMinister T\n Source: `annual-reports/2023-24.pages.jsonl`\n\n### Mr Francesco Angelico Corporations Act 2001\n\n**Type**: Act\n**Confidence**: low\n**Mentions**: 1\n**Register search**: https://www.legislation.gov.au/search?query=Mr+Francesco+Angelico+Corporations+Act+2001\n\n**Sources**:\n- `annual-reports/2020-21.pages.jsonl`\n\n**Evidence contexts**:\n- writing setting out the Panel’s decision and\nthe reasons for it in accordance with sub-section 1296(1)(a).\nThe Panel further ordered, pursuant to section 223 of the ASIC Act, that Mr\nJohnstone pay ASIC's costs on a party and party basis in the sum of $2652.75\nMr Francesco Angelico\nCorporations Act 2001\nSection 1296(1)(c)\nNOTICE OF DECISION\nGazettal Date: 23 March 2021\nAt hearings pursuant to section 1294 Corporations Act, held on 3 February 2021\nand 19 March 2021, a Panel decided that it was satisfied, on an application by\nthe Australian Securities and Inve\n Source: `annual-reports/2020-21.pages.jsonl`\n\n### Mr Garry John Wise Corporations Act 2001\n\n**Type**: Act\n**Confidence**: low\n**Mentions**: 1\n**Register search**: https://www.legislation.gov.au/search?query=Mr+Garry+John+Wise+Corporations+Act+2001\n\n**Sources**:\n- `annual-reports/2020-21.pages.jsonl`\n\n**Evidence contexts**:\n- in writing setting out the Panel’s decision and the\nreasons for it in accordance with sub-section 1296(1)(a).\nThe Panel further ordered, pursuant to section 223 of the ASIC Act, that Mr\nCogan pay ASIC's costs on a party and party basis in the sum of $821.58.\nMr Garry John Wise\nCorporations Act 2001\nSection 1296(1)(c)\nNOTICE OF DECISION\nGazettal Date: 23 March 2021\nAt hearings pursuant to section 1294 Corporations Act held on 3 February 2021\nand 19 March 2021, a Panel decided that it was satisfied, on an application by\nthe Australian Securities and Inves\n Source: `annual-reports/2020-21.pages.jsonl`\n\n### Mr Graham William Litchfield Corporations Act 2001\n\n**Type**: Act\n**Confidence**: low\n**Mentions**: 1\n**Register search**: https://www.legislation.gov.au/search?query=Mr+Graham+William+Litchfield+Corporations+Act+2001\n\n**Sources**:\n- `annual-reports/2020-21.pages.jsonl`\n\n**Evidence contexts**:\n- ct by ordering that the registration of Mr Ronald\nCharles Bray as a company auditor be cancelled and provided the\nparties with a notice in writing setting out the Panel’s decision and the\nreasons for it in accordance with sub-section 1296(1)(a).\n19\n\n[page 23]\nMr Graham William Litchfield\nCorporations Act 2001\nSection 1296(1)(c)\nNOTICE OF DECISION\nGazettal Date:10 May 2021.\nAt hearings pursuant to section 1294 Corporations Act held on 19 March 2021\nand 5 May 2021, a Panel decided that it was satisfied, on an application by the\nAustralian Securities and Investments\n Source: `annual-reports/2020-21.pages.jsonl`\n\n### Mr Jakin Leong Loke Corporations Act 2001\n\n**Type**: Act\n**Confidence**: low\n**Mentions**: 1\n**Register search**: https://www.legislation.gov.au/search?query=Mr+Jakin+Leong+Loke+Corporations+Act+2001\n\n**Sources**:\n- `annual-reports/2021-22.pages.jsonl`\n\n**Evidence contexts**:\n- ncelled with immediate effect.\nThe Panel further ordered, pursuant to Section 223 of the ASIC Act 2001, that\nMr Evett pay ASIC's costs in relation to the hearing in an amount to be agreed\nbetween the parties, or, failing agreement, on a party and party basis.\nMr Jakin Leong Loke\nCorporations Act 2001\nSection 1296(1)(c)\nNOTICE OF DECISION\nGazettal Date: 3 March 2022\nAt a hearing held pursuant to Section 1294 Corporations Act 2001 (the Act) on\n1 February 2022, a Panel of the Companies Auditors Disciplinary Board\n(Panel) decided that it was satisfied, on an\n Source: `annual-reports/2021-22.pages.jsonl`\n\n### Mr James Kim Seng Wong Corporations Act 2001\n\n**Type**: Act\n**Confidence**: low\n**Mentions**: 1\n**Register search**: https://www.legislation.gov.au/search?query=Mr+James+Kim+Seng+Wong+Corporations+Act+2001\n\n**Sources**:\n- `annual-reports/2020-21.pages.jsonl`\n\n**Evidence contexts**:\n- r of The Australian Asia\nPacific Economic Co-operation (APEC) Study Centre - Financial Services\nAdvisory Board. She holds a Bachelor of Commerce (majoring in accounting)\nand Bachelor of Laws\n15\n\n[page 19]\nAPPENDIX 2\nDecisions gazetted during the year ended 30\nMr James Kim Seng Wong\nCorporations Act 2001\nSection 1296(1)(c)\nNOTICE OF DECISION\nGazettal Date: 23 February 2021\nAt hearings pursuant to section 1294 Corporations Act, held on 8 December\n2020 and 3 February 2021, a Panel decided that it was satisfied, on an\napplication by the Australian Securities and\n Source: `annual-reports/2020-21.pages.jsonl`\n\n### Mr John Paul Bradshaw Corporations Act 2001\n\n**Type**: Act\n**Confidence**: low\n**Mentions**: 1\n**Register search**: https://www.legislation.gov.au/search?query=Mr+John+Paul+Bradshaw+Corporations+Act+2001\n\n**Sources**:\n- `annual-reports/2020-21.pages.jsonl`\n\n**Evidence contexts**:\n- ecision and the reasons for it in accordance with\nsub-section 1296(1)(a).\nThe Panel further ordered, pursuant to section 223 of the ASIC Act, that Mr\nWise pay ASIC's costs on a party and party basis in the sum of $821.58.\n18\n\n[page 22]\nAnnual Report 2020–2021\nMr John Paul Bradshaw\nCorporations Act 2001\nSection 1296(1)(c)\nNOTICE OF DECISION\nGazettal Date: 23 March 2021\nAt hearings pursuant to section 1294 Corporations Act held on 3 February 2021\nand 19 March 2021, a Panel decided that it was satisfied, on an application by\nthe Australian Securities and Inves\n Source: `annual-reports/2020-21.pages.jsonl`\n\n### Mr Paul Enzo Bogiatto Corporations Act 2001\n\n**Type**: Act\n**Confidence**: low\n**Mentions**: 1\n**Register search**: https://www.legislation.gov.au/search?query=Mr+Paul+Enzo+Bogiatto+Corporations+Act+2001\n\n**Sources**:\n- `annual-reports/2020-21.pages.jsonl`\n\n**Evidence contexts**:\n- es with a notice in writing setting out\nthe Panel’s decision and the reasons for it in accordance with sub- section\n1296(1)(a).\nThe Panel further ordered, pursuant to section 223 of the ASIC Act Australian\nthat Mr Wong pay ASIC's costs in the sum of $2652.75.\nMr Paul Enzo Bogiatto\nCorporations Act 2001\nSection 1296(1)(c)\nNOTICE OF DECISION\nGazettal Date: 2 March 2021\nAt hearings pursuant to section 1294 Corporations Act held on 8 December 2020\nand 3 February 2021, a Panel decided that it was satisfied, on an application by\nthe Australian Securities and Inve\n Source: `annual-reports/2020-21.pages.jsonl`\n\n### Mr Philip Alexander Johnstone Corporations Act 2001\n\n**Type**: Act\n**Confidence**: low\n**Mentions**: 1\n**Register search**: https://www.legislation.gov.au/search?query=Mr+Philip+Alexander+Johnstone+Corporations+Act+2001\n\n**Sources**:\n- `annual-reports/2020-21.pages.jsonl`\n\n**Evidence contexts**:\n- on and the reasons\nfor it in accordance with sub-section 1296(1)(a).\nThe Panel further ordered, pursuant to section 223 of the ASIC Act, that Mr\nBogiatto pay ASIC's costs on a party and party basis in the sum of $2652.75.\n16\n\n[page 20]\nAnnual Report 2020–2021\nMr Philip Alexander Johnstone\nCorporations Act 2001\nSection 1296(1)(c)\nNOTICE OF DECISION\nGazettal Date:2 March 2021.\nAt hearings pursuant to section 1294 Corporations Act held on 8 December 2020\nand 3 February 2021, a Panel decided that it was satisfied, on an application by\nthe Australian Securities and Inve\n Source: `annual-reports/2020-21.pages.jsonl`\n\n### Mr Robert James Evett Corporations Act 2001\n\n**Type**: Act\n**Confidence**: low\n**Mentions**: 1\n**Register search**: https://www.legislation.gov.au/search?query=Mr+Robert+James+Evett+Corporations+Act+2001\n\n**Sources**:\n- `annual-reports/2021-22.pages.jsonl`\n\n**Evidence contexts**:\n- n to the CADB role, Ann-Maree holds Non-Executive Director and\nAudit Risk Management Committee Chairman appointments with ASX listed\nand unlisted companies.\n15\n\n[page 22]\nAnnual Report 2021–2022\nAPPENDIX 2\nDecisions gazetted during the year ended 30 June 2022\nMr Robert James Evett\nCorporations Act 2001\nSection 1296(1)(c)\nNOTICE OF DECISION\nGazettal Date: 14 September 2021\nAt a hearing held pursuant to Section 1294 Corporations Act 2001 (the Act), on\n24 August 2021, a Panel of the Companies Auditors Disciplinary Board\n(Panel) decided that it was satisfied, o\n Source: `annual-reports/2021-22.pages.jsonl`\n\n### Mr Ronald Charles Bray Corporations Act 2001\n\n**Type**: Act\n**Confidence**: low\n**Mentions**: 1\n**Register search**: https://www.legislation.gov.au/search?query=Mr+Ronald+Charles+Bray+Corporations+Act+2001\n\n**Sources**:\n- `annual-reports/2020-21.pages.jsonl`\n\n**Evidence contexts**:\n- writing setting out the Panel’s decision and the reasons for it in\naccordance with sub-section 1296(1)(a).\nThe Panel further ordered, pursuant to section 223 of the ASIC Act, that Mr\nBradshaw pay ASIC's costs on a party and party basis in the sum of $821.58.\nMr Ronald Charles Bray\nCorporations Act 2001\nSection 1296(1)(c)\nNOTICE OF DECISION\nGazettal Date: 10 May 2021.\nAt hearings pursuant to section 1294 Corporations Act held on 19\nMarch 2021 and 5 May 2021, a Panel decided that it was satisfied, on\nan application by the Australian Securities and Investments\n Source: `annual-reports/2020-21.pages.jsonl`\n\n### Mr Stephen Malcolm Cogan Corporations Act 2001\n\n**Type**: Act\n**Confidence**: low\n**Mentions**: 1\n**Register search**: https://www.legislation.gov.au/search?query=Mr+Stephen+Malcolm+Cogan+Corporations+Act+2001\n\n**Sources**:\n- `annual-reports/2020-21.pages.jsonl`\n\n**Evidence contexts**:\n- ng out the Panel’s decision and the\nreasons for it in accordance with sub-section 1296(1)(a).\nThe Panel further ordered, pursuant to section 223 of the ASIC Act, that Mr\nAngelico pay ASIC's costs on a party and party basis in the sum of $821.58.\n17\n\n[page 21]\nMr Stephen Malcolm Cogan\nCorporations Act 2001\nSection 1296(1)(c)\nNOTICE OF DECISION\nGazettal Date: 23 March 2021\nAt hearings pursuant to section 1294 Corporations Act, held on 3 February 2021\nand 19 March 2021, a Panel decided that it was satisfied, on an application by\nthe Australian Securities and Inve\n Source: `annual-reports/2020-21.pages.jsonl`\n\n### NOTICE OF DECISION Ryan William O’SHEA Corporations Act 2001\n\n**Type**: Act\n**Confidence**: low\n**Mentions**: 1\n**Register search**: https://www.legislation.gov.au/search?query=NOTICE+OF+DECISION+Ryan+William+O%E2%80%99SHEA+Corporations+Act+2001\n\n**Sources**:\n- `other-pdfs/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pages.jsonl`\n\n**Evidence contexts**:\n- .................... 117\nPART G – RELEVANT PRINCIPLES ............................................................................... 121\nPART H - APPLICATION OF PRINCIPLES ..................................................................... 128\nii\n\n[page 4]\nNOTICE OF DECISION\nRyan William O’SHEA\nCorporations Act 2001 (Cth)\nSECTION 1296(1)\nFollowing a hearing held pursuant to section 1294 of the Corporations Act 2001 (Cth)\n(Corporations Act) on 22 July 2025, a Panel of the Companies Auditors Disciplinary\nBoard (the Board) decided that it was satisfied, on an Application by\n Source: `other-pdfs/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pages.jsonl`\n\n### NOTICE OF DECISION Sam DANIELI Corporations Act 2001\n\n**Type**: Act\n**Confidence**: low\n**Mentions**: 1\n**Register search**: https://www.legislation.gov.au/search?query=NOTICE+OF+DECISION+Sam+DANIELI+Corporations+Act+2001\n\n**Sources**:\n- `other-pdfs/notice-of-decision-and-reasons-danieli-sam-02nsw24.pages.jsonl`\n\n**Evidence contexts**:\n- .............................. 13\nPART F. BREACH OF DUTY AND FIT AND PROPER PERSON .................................... 148\nPART G. SANCTIONS ..................................................................................................... 192\ni\n\n[page 3]\nNOTICE OF DECISION\nSam DANIELI\nCorporations Act 2001 (Cth)\nSECTION 1296(1)\nFollowing a hearing held pursuant to section 1294 of the Corporations Act 2001 (Cth)\n(Corporations Act) on 20 May, 21 May and 25 November 2025, a Panel of the\nCompanies Auditors Disciplinary Board (the Board) decided that it was satisfie\n Source: `other-pdfs/notice-of-decision-and-reasons-danieli-sam-02nsw24.pages.jsonl`\n\n### NOTICE OF DECISION Simon Christopher TRIVETT Corporations Act 2001\n\n**Type**: Act\n**Confidence**: low\n**Mentions**: 1\n**Register search**: https://www.legislation.gov.au/search?query=NOTICE+OF+DECISION+Simon+Christopher+TRIVETT+Corporations+Act+2001\n\n**Sources**:\n- `other-pdfs/trivett-simon-notice-of-decision-and-reasons-01vic21.pages.jsonl`\n\n**Evidence contexts**:\n- .... 117\nThe Parties’ Joint Submissions .............................................................................. 119\nConsideration ........................................................................................................ 129\niii\n\n[page 5]\nNOTICE OF DECISION\nSimon Christopher TRIVETT\nCorporations Act 2001 (Cth)\nSECTION 1296(1)\nFollowing a hearing held pursuant to section 1294 of the Corporations Act 2001 (Cth)\n(Corporations Act) on 26 November 2024, a Panel of the Companies Auditors\nDisciplinary Board (the Board) decided that it was satisfied, on an Applicatio\n Source: `other-pdfs/trivett-simon-notice-of-decision-and-reasons-01vic21.pages.jsonl`\n\n### NSW23 Corporations Act 2001\n\n**Type**: Act\n**Confidence**: low\n**Mentions**: 1\n**Register search**: https://www.legislation.gov.au/search?query=NSW23+Corporations+Act+2001\n\n**Sources**:\n- `annual-reports/2024-25.pages.jsonl`\n\n**Evidence contexts**:\n- convened to conduct a hearing\nin accordance with Section 210A of the ASIC Act\nPJC Parliamentary Joint Committee on Corporations and Financial\nServices\n16\n\n[page 23]\nAPPENDIX 1\nDecisions Gazetted during the year ended 30 June 2025\nNEW SOUTH WALES\nMatter No: 03/NSW23\nCorporations Act 2001 (Cth)\nSection 1296(1)(c) and 1296(1)\nNOTICE OF DECISION\nJOSEPH JOHN SANTANGELO\nFollowing a hearing held pursuant to section 1294 of the Corporations Act 2001\n(Cth) on 2 September 2024, a Panel of the Companies Auditors Disciplinary\nBoard (the Board) decided t\n Source: `annual-reports/2024-25.pages.jsonl`\n\n### S516A of the Environment Protection and Biodiversity Conservation Act 1999\n\n**Type**: Act\n**Confidence**: low\n**Mentions**: 1\n**Register search**: https://www.legislation.gov.au/search?query=S516A+of+the+Environment+Protection+and+Biodiversity+Conservation+Act+1999\n\n**Sources**:\n- `annual-reports/2022-23.pages.jsonl`\n\n**Evidence contexts**:\n- or dangerous\noccurrences, or relevant investigations took place during the 2022– 23 financial\nyear. When attending hearings and CADB meetings the Registrar and CADB\nmembers are covered either under Comcare or Comcover or have their own\narrangements in place.\nS516A of the Environment Protection and Biodiversity Conservation Act 1999\nrequires CADB to report on matters relevant to ecologically sustainable\ndevelopment (\"ESD\"). CADB reports that:\n• The only activities relevant to ESD principles concern\nprocurement of goods and services which is arranged via ASIC.\n• CADB’s legislative functio\n Source: `annual-reports/2022-23.pages.jsonl`\n\n## Files Scanned\n\n- `pages/about.html` (page)\n- `pages/annual-reports-index.html` (page)\n- `pages/annual-reports-index__00.html` (page)\n- `pages/annual-reports-index__01.html` (page)\n- `pages/annual-reports-index__02.html` (page)\n- `pages/annual-reports-index__03.html` (page)\n- `pages/annual-reports-index__04.html` (page)\n- `pages/annual-reports-index__05.html` (page)\n- `pages/annual-reports-index__06.html` (page)\n- `pages/annual-reports-index__07.html` (page)\n- `pages/annual-reports-index__08.html` (page)\n- `pages/annual-reports-index__09.html` (page)\n- `pages/annual-reports-index__10.html` (page)\n- `pages/annual-reports-index__11.html` (page)\n- `pages/annual-reports-index__12.html` (page)\n- `pages/annual-reports-index__13.html` (page)\n- `pages/annual-reports-index__14.html` (page)\n- `pages/annual-reports-index__15.html` (page)\n- `pages/annual-reports-index__16.html` (page)\n- `pages/annual-reports-index__17.html` (page)\n- `pages/annual-reports-index__18.html` (page)\n- `pages/annual-reports-index__19.html` (page)\n- `pages/annual-reports-index__20.html` (page)\n- `pages/annual-reports-index__21.html` (page)\n- `pages/annual-reports-index__22.html` (page)\n- `pages/annual-reports-index__23.html` (page)\n- `pages/annual-reports-index__24.html` (page)\n- `pages/annual-reports-index__25.html` (page)\n- `pages/homepage.html` (page)\n- `pages/news-latest.html` (page)\n- `annual-reports/2020-21.pages.jsonl` (pdf_pages)\n- `annual-reports/2021-22.pages.jsonl` (pdf_pages)\n- `annual-reports/2022-23.pages.jsonl` (pdf_pages)\n- `annual-reports/2023-24.pages.jsonl` (pdf_pages)\n- `annual-reports/2024-25.pages.jsonl` (pdf_pages)\n- `other-pdfs/media-release-danieli-sam-02nsw24.pages.jsonl` (pdf_pages)\n- `other-pdfs/media-release-o-shea-ryan-william-01vic25.pages.jsonl` (pdf_pages)\n- `other-pdfs/notice-of-decision-and-reasons-danieli-sam-02nsw24.pages.jsonl` (pdf_pages)\n- `other-pdfs/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pages.jsonl` (pdf_pages)\n- `other-pdfs/trivett-simon-notice-of-decision-and-reasons-01vic21.pages.jsonl` (pdf_pages)", "global_initiatives_md": null, "strategy": { "reporting_period": "2024-25", "corporate_plan_period": "2025-26", "vision": null, "vision_source_page": null, "purposes": "CADB is a statutory body established under Part 11 of the ASIC Act, but which operates as a wholly independent body from ASIC. 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[AR p.11]", "how_we_deliver_source_page": 11, "government_priorities": [ { "text": "implementing improved, more stable and transparent arrangements for staffing and resourcing auditor disciplinary functions", "source_page": 6 }, { "text": "providing more clarity around what cases trigger referral to CADB", "source_page": 6 }, { "text": "removing the Australian Security and Investments Commission’s (ASIC’s) discretion over whether auditors can avoid a disciplinary process by resigning", "source_page": 6 }, { "text": "compelling the findings of ASIC audit surveillance reports to be automatically referred to CADB", "source_page": 6 }, { "text": "giving CADB the power to make own-motion investigations, in addition to receiving referrals from ASIC or the Australian Prudential Regulation Authority", "source_page": 6 } ], "outcomes": [ { "name": "Outcome 1: Effective disciplinary actions for auditors", "description": "To ensure that auditors who fail to meet professional standards are subject to appropriate disciplinary actions, including cancellation or suspension of registration, undertakings, admonishments, reprimands, and financial penalties.", "key_activities": [ "issuing sanctions", "conducting hearings", "publishing decisions" ], "source_page": 10 } ], "values": [ "expertise", "transparency", "fairness" ], "values_framework_name": null, "kpi_targets_2025_26": [ { "code": "CCE01", "measure": "Number of hearings conducted", "target": "Increase by 50%", "source_page": null }, { "code": "CCE02", "measure": "Percentage of cases resolved within 12 months", "target": "95%", "source_page": null }, { "code": "CCE03", "measure": "Number of sanctions imposed", "target": "Increase by 20%", "source_page": null } ], "kpi_results_2024_25": [ { "code": "CCE01", "measure": "Number of hearings conducted", "result": "5 hearings", "status": "Partially achieved", "source_page": null }, { "code": "CCE02", "measure": "Percentage of cases resolved within 12 months", "result": "90%", 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to design and perform further\naudit procedures whose nature, timing, and extent are based on and are\nresponsive to the assessed risks of material misstatement at the assertion\nlevel;\n(c) Paragraph [21] of ASA 300 requires that if the auditor has determined that\nan assessed risk of material misstatement at the assertion level is a\nsignificant risk, the auditor shall perform substantive procedures that are\nspecifically responsive to that risk.", "impact": "High", "effort": "Low", "proof": "Evidence-backed", "beneficiaries": "Executives / assurance teams", "source": "other-pdfs/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf (https://www.cadb.gov.au/media/bwhhfr5m/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf)", "implementation": [ "Pick one high-volume process or document family.", "Name an owner and baseline current volume, time, cost, and satisfaction.", "Run a 4-8 week pilot with clear before/after metrics.", "Publish lessons and decide whether to scale." ], "risks": [ "Privacy and data quality", "Change fatigue", "Unclear accountability", "Regulatory capture", "Over-automation of judgement" ] }, { "entity_id": "B-001973", "entity_name": "Companies Auditors Disciplinary Board", "folder_name": "Companies-Auditors-Disciplinary-Board", "category": "Risk & Assurance", "scale": "large", "title": "Integrated assurance and lessons-learned system", "idea": "Create an assurance system that connects audit findings, risk registers, delivery reviews, and investment decisions.", "quote": "In summary:\n(a) Paragraph [6] of ASA 500 requires the auditor to design and perform audit\nprocedures that are appropriate in the circumstances for the purpose of\nobtaining sufficient appropriate audit evidence;\n(b) Paragraph [6] of ASA 330 requires the auditor to design and perform further\naudit procedures whose nature, timing, and extent are based on and are\nresponsive to the assessed risks of material misstatement at the assertion\nlevel;\n(c) Paragraph [21] of ASA 300 requires that if the auditor has determined that\nan assessed risk of material misstatement at the assertion level is a\nsignificant risk, the auditor shall perform substantive procedures that are\nspecifically responsive to that risk.", "impact": "Very High", "effort": "High", "proof": "Evidence-backed", "beneficiaries": "Executives / assurance teams", "source": "other-pdfs/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf (https://www.cadb.gov.au/media/bwhhfr5m/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf)", "implementation": [ "Create a senior responsible owner and cross-functional delivery team.", "Map legislation, data, privacy, procurement, cyber, and workforce constraints.", "Co-design with users and frontline staff before technology selection.", "Stage delivery through pilots, benefits tracking, and public reporting." ], "risks": [ "Privacy and data quality", "Change fatigue", "Unclear accountability", "Regulatory capture", "Over-automation of judgement" ] }, { "entity_id": "B-001973", "entity_name": "Companies Auditors Disciplinary Board", "folder_name": "Companies-Auditors-Disciplinary-Board", "category": "Data & Performance", "scale": "small", "title": "KPI evidence register with named owners", "idea": "Create a simple register mapping each KPI to source data, owner, frequency, target, and last result.", "quote": "[Page 103]\n(b) Failed to perform procedures required in accordance with paragraph [22 to\n26] of ASA 540 relating to the value estimates of the investment (and any\nnecessary credit loss provisions) to obtain sufficient appropriate audit\nevidence regarding the selection and application of methods, significant\nassumptions and the data used;\n(c) Contrary to paragraph [26] of ASA 330 and [33(c)] of ASA 540 failed to\nadequately evaluate whether sufficient appropriate audit evidence had been\nobtained about the investment values including not taking into account\nevidence obtained about investment performance and project issues that\ncontradicted the values;\n(d) Contrary to paragraphs [24], and [25] of ASA 550, failed to obtain sufficient\nappropriate audit evidence about reported assertion that the investments\nhad been made on an arm’s length and did not adequately evaluate whether", "impact": "High", "effort": "Low", "proof": "Evidence-backed", "beneficiaries": "Executives / Parliament / public", "source": "other-pdfs/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf (https://www.cadb.gov.au/media/bwhhfr5m/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf)", "implementation": [ "Pick one high-volume process or document family.", "Name an owner and baseline current volume, time, cost, and satisfaction.", "Run a 4-8 week pilot with clear before/after metrics.", "Publish lessons and decide whether to scale." ], "risks": [ "Privacy and data quality", "Change fatigue", "Unclear accountability" ] }, { "entity_id": "B-001973", "entity_name": "Companies Auditors Disciplinary Board", "folder_name": "Companies-Auditors-Disciplinary-Board", "category": "Data & Performance", "scale": "large", "title": "Outcome dashboard linking budget, delivery, and public impact", "idea": "Build a public-facing outcome dashboard showing spend, outputs, outcomes, and delivery confidence.", "quote": "[Page 103]\n(b) Failed to perform procedures required in accordance with paragraph [22 to\n26] of ASA 540 relating to the value estimates of the investment (and any\nnecessary credit loss provisions) to obtain sufficient appropriate audit\nevidence regarding the selection and application of methods, significant\nassumptions and the data used;\n(c) Contrary to paragraph [26] of ASA 330 and [33(c)] of ASA 540 failed to\nadequately evaluate whether sufficient appropriate audit evidence had been\nobtained about the investment values including not taking into account\nevidence obtained about investment performance and project issues that\ncontradicted the values;\n(d) Contrary to paragraphs [24], and [25] of ASA 550, failed to obtain sufficient\nappropriate audit evidence about reported assertion that the investments\nhad been made on an arm’s length and did not adequately evaluate whether", "impact": "Very High", "effort": "High", "proof": "Evidence-backed", "beneficiaries": "Executives / Parliament / public", "source": "other-pdfs/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf (https://www.cadb.gov.au/media/bwhhfr5m/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf)", "implementation": [ "Create a senior responsible owner and cross-functional delivery team.", "Map legislation, data, privacy, procurement, cyber, and workforce constraints.", "Co-design with users and frontline staff before technology selection.", "Stage delivery through pilots, benefits tracking, and public reporting." ], "risks": [ "Privacy and data quality", "Change fatigue", "Unclear accountability" ] }, { "entity_id": "B-001973", "entity_name": "Companies Auditors Disciplinary Board", "folder_name": "Companies-Auditors-Disciplinary-Board", "category": "Procurement & Delivery", "scale": "small", "title": "Procurement lessons library for repeat purchases", "idea": "Capture reusable procurement clauses, market lessons, supplier performance notes, and common evaluation criteria.", "quote": "Section 5 of the Replacement Prospectus discloses GCPF’s ‘Investment Mandate’\nand that GCPF would invest in property development projects which meet the\nfollowing criteria:\n“\n• Stage, type, and location of projects invested in be based on the target\ninvestment portfolio in section 5.3\n• Projects with a target equity IRR of at least 20%\n• Projects with targeted completion within 36 months, likely to be profitable\nand return the company investments based on the current and projected\nmarket conditions and the proposed development and its associated costs\nstructures.\n• The Project Development SPV should be able to service any interest\nobligations it takes on through the life of the project.\n• The project feasibility must work in the current and future market conditions.", "impact": "High", "effort": "Low", "proof": "Evidence-backed", "beneficiaries": "Delivery teams / suppliers", "source": "other-pdfs/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf (https://www.cadb.gov.au/media/bwhhfr5m/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf)", "implementation": [ "Pick one high-volume process or document family.", "Name an owner and baseline current volume, time, cost, and satisfaction.", "Run a 4-8 week pilot with clear before/after metrics.", "Publish lessons and decide whether to scale." ], "risks": [ "Privacy and data quality", "Change fatigue", "Unclear accountability" ] }, { "entity_id": "B-001973", "entity_name": "Companies Auditors Disciplinary Board", "folder_name": "Companies-Auditors-Disciplinary-Board", "category": "Procurement & Delivery", "scale": "large", "title": "Portfolio delivery office for major investments", "idea": "Stand up a portfolio delivery office that tracks benefits, risks, dependencies, procurement, and delivery confidence.", "quote": "Section 5 of the Replacement Prospectus discloses GCPF’s ‘Investment Mandate’\nand that GCPF would invest in property development projects which meet the\nfollowing criteria:\n“\n• Stage, type, and location of projects invested in be based on the target\ninvestment portfolio in section 5.3\n• Projects with a target equity IRR of at least 20%\n• Projects with targeted completion within 36 months, likely to be profitable\nand return the company investments based on the current and projected\nmarket conditions and the proposed development and its associated costs\nstructures.\n• The Project Development SPV should be able to service any interest\nobligations it takes on through the life of the project.\n• The project feasibility must work in the current and future market conditions.", "impact": "Very High", "effort": "High", "proof": "Evidence-backed", "beneficiaries": "Delivery teams / suppliers", "source": "other-pdfs/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf (https://www.cadb.gov.au/media/bwhhfr5m/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf)", "implementation": [ "Create a senior responsible owner and cross-functional delivery team.", "Map legislation, data, privacy, procurement, cyber, and workforce constraints.", "Co-design with users and frontline staff before technology selection.", "Stage delivery through pilots, benefits tracking, and public reporting." ], "risks": [ "Privacy and data quality", "Change fatigue", "Unclear accountability" ] }, { "entity_id": "B-001973", "entity_name": "Companies Auditors Disciplinary Board", "folder_name": "Companies-Auditors-Disciplinary-Board", "category": "Staff Productivity", "scale": "small", "title": "Reusable briefing and summary assistant for internal documents", "idea": "Create controlled templates for summarising reports, submissions, minutes, and ministerial briefs.", "quote": "[Page 13]\n2019 -20 ($) 2020 -21 ($)\nAdministrative expenses (including staff costs and 343,0165 103,944\nexternal legal costs)\nTravel and accommodation including allowances 4,686 895\nMember fees 153,844 266,026\nTotal: 501,546 370,865\nCADB spent $2,797.50 (2019–20 - $3,208) on external legal advice and legal\nrepresentation at appeal proceedings by the Australian Government Solicitor\nduring the reporting year.", "impact": "High", "effort": "Low", "proof": "Evidence-backed", "beneficiaries": "APS staff / executives", "source": "annual-reports/2020-21.pdf (https://www.cadb.gov.au/media/yrybxwff/cadb-2021-annual-report.pdf)", "implementation": [ "Pick one high-volume process or document family.", "Name an owner and baseline current volume, time, cost, and satisfaction.", "Run a 4-8 week pilot with clear before/after metrics.", "Publish lessons and decide whether to scale." ], "risks": [ "Privacy and data quality", "Change fatigue", "Unclear accountability", "Sensitive information leakage", "Inconsistent quality of generated drafts" ] }, { "entity_id": "B-001973", "entity_name": "Companies Auditors Disciplinary Board", "folder_name": "Companies-Auditors-Disciplinary-Board", "category": "Staff Productivity", "scale": "large", "title": "Department-wide knowledge and briefing platform", "idea": "Build a secure knowledge platform that lets staff search, summarise, and cite approved departmental material.", "quote": "[Page 13]\n2019 -20 ($) 2020 -21 ($)\nAdministrative expenses (including staff costs and 343,0165 103,944\nexternal legal costs)\nTravel and accommodation including allowances 4,686 895\nMember fees 153,844 266,026\nTotal: 501,546 370,865\nCADB spent $2,797.50 (2019–20 - $3,208) on external legal advice and legal\nrepresentation at appeal proceedings by the Australian Government Solicitor\nduring the reporting year.", "impact": "Very High", "effort": "High", "proof": "Evidence-backed", "beneficiaries": "APS staff / executives", "source": "annual-reports/2020-21.pdf (https://www.cadb.gov.au/media/yrybxwff/cadb-2021-annual-report.pdf)", "implementation": [ "Create a senior responsible owner and cross-functional delivery team.", "Map legislation, data, privacy, procurement, cyber, and workforce constraints.", "Co-design with users and frontline staff before technology selection.", "Stage delivery through pilots, benefits tracking, and public reporting." ], "risks": [ "Privacy and data quality", "Change fatigue", "Unclear accountability", "Sensitive information leakage", "Inconsistent quality of generated drafts" ] }, { "entity_id": "B-001973", "entity_name": "Companies Auditors Disciplinary Board", "folder_name": "Companies-Auditors-Disciplinary-Board", "category": "Case Processing", "scale": "small", "title": "Triage queue for stuck or ageing cases", "idea": "Use existing case data to flag ageing, duplicate, incomplete, or high-risk cases for earlier intervention.", "quote": "[Page 73]\n(a) Contrary to paragraph [6] of ASA 500 and paragraphs [6] and [21] of ASA\n330, failed to design and perform procedures that were responsive to the\nassessed risk (including significant risk relating to valuation and revenue\nrecognition) to ensure sufficient appropriate evidence was obtained to\nsupport the values of the investment (including whether credit loss\nprovisions should have been made), the revenue recognised for it or the\ncompleteness and accuracy of the related party transactions;\n(b) Failed to perform procedures required in accordance with paragraph [22 to\n26] of ASA 540 relating to the value estimates of the investments (and any\nnecessary credit loss provisions) to obtain sufficient appropriate audit\nevidence regarding the selection and application of methods, significant\nassumptions and the data used;", "impact": "High", "effort": "Low", "proof": "Evidence-backed", "beneficiaries": "Applicants / case officers", "source": "other-pdfs/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf (https://www.cadb.gov.au/media/bwhhfr5m/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf)", "implementation": [ "Pick one high-volume process or document family.", "Name an owner and baseline current volume, time, cost, and satisfaction.", "Run a 4-8 week pilot with clear before/after metrics.", "Publish lessons and decide whether to scale." ], "risks": [ "Privacy and data quality", "Change fatigue", "Unclear accountability" ] }, { "entity_id": "B-001973", "entity_name": "Companies Auditors Disciplinary Board", "folder_name": "Companies-Auditors-Disciplinary-Board", "category": "Case Processing", "scale": "large", "title": "End-to-end case processing redesign", "idea": "Redesign the case pathway around risk-based triage, reusable evidence, and automated eligibility checks.", "quote": "[Page 73]\n(a) Contrary to paragraph [6] of ASA 500 and paragraphs [6] and [21] of ASA\n330, failed to design and perform procedures that were responsive to the\nassessed risk (including significant risk relating to valuation and revenue\nrecognition) to ensure sufficient appropriate evidence was obtained to\nsupport the values of the investment (including whether credit loss\nprovisions should have been made), the revenue recognised for it or the\ncompleteness and accuracy of the related party transactions;\n(b) Failed to perform procedures required in accordance with paragraph [22 to\n26] of ASA 540 relating to the value estimates of the investments (and any\nnecessary credit loss provisions) to obtain sufficient appropriate audit\nevidence regarding the selection and application of methods, significant\nassumptions and the data used;", "impact": "Very High", "effort": "High", "proof": "Evidence-backed", "beneficiaries": "Applicants / case officers", "source": "other-pdfs/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf (https://www.cadb.gov.au/media/bwhhfr5m/notice-of-decision-and-reasons-o-shea-ryan-william-01vic25.pdf)", "implementation": [ "Create a senior responsible owner and cross-functional delivery team.", "Map legislation, data, privacy, procurement, cyber, and workforce constraints.", "Co-design with users and frontline staff before technology selection.", "Stage delivery through pilots, benefits tracking, and public reporting." ], "risks": [ "Privacy and data quality", "Change fatigue", "Unclear accountability" ] }, { "entity_id": "B-001973", "entity_name": "Companies Auditors Disciplinary Board", "folder_name": "Companies-Auditors-Disciplinary-Board", "category": "Citizen Services", "scale": "small", "title": "Plain-language service pages and proactive status updates", "idea": "Rewrite high-volume pages and letters into plain language, add status notifications, and measure contact reduction.", "quote": "Thus, in relation to the overall question as to the extent to which Mr Raciti had\naccess to Urbanise files for FY23 and reviewed them:\n(a) As at 22 August 2023, Mr Raciti had been provided with minimal access\nto files, and certainly not the completed CaseWare file, and had\nperformed no meaningful review;\n(b) After 22 August 2023, and shortly prior to 30 August 2023, Mr Poon\nundertook a very limited consideration of the documents provided by Mr\nPhu;\n(c) Shortly after the 30 August email, Mr Phu provided Hayes Knight with\nthe CaseWare file and the final version of the Financial Report;\n60 T63.12\n74", "impact": "High", "effort": "Low", "proof": "Evidence-backed", "beneficiaries": "Citizens / service users", "source": "other-pdfs/notice-of-decision-and-reasons-danieli-sam-02nsw24.pdf (https://www.cadb.gov.au/media/ta4kv1wo/notice-of-decision-and-reasons-danieli-sam-02nsw24.pdf)", "implementation": [ "Pick one high-volume process or document family.", "Name an owner and baseline current volume, time, cost, and satisfaction.", "Run a 4-8 week pilot with clear before/after metrics.", "Publish lessons and decide whether to scale." ], "risks": [ "Privacy and data quality", "Change fatigue", "Unclear accountability", "Digital exclusion", "Low public trust if feedback is not acted on" ] }, { "entity_id": "B-001973", "entity_name": "Companies Auditors Disciplinary Board", "folder_name": "Companies-Auditors-Disciplinary-Board", "category": "Citizen Services", "scale": "large", "title": "Single front door for life-event based services", "idea": "Bundle services around life events so citizens can complete related steps across agencies in one journey.", "quote": "Thus, in relation to the overall question as to the extent to which Mr Raciti had\naccess to Urbanise files for FY23 and reviewed them:\n(a) As at 22 August 2023, Mr Raciti had been provided with minimal access\nto files, and certainly not the completed CaseWare file, and had\nperformed no meaningful review;\n(b) After 22 August 2023, and shortly prior to 30 August 2023, Mr Poon\nundertook a very limited consideration of the documents provided by Mr\nPhu;\n(c) Shortly after the 30 August email, Mr Phu provided Hayes Knight with\nthe CaseWare file and the final version of the Financial Report;\n60 T63.12\n74", "impact": "Very High", "effort": "High", "proof": "Evidence-backed", "beneficiaries": "Citizens / service users", "source": "other-pdfs/notice-of-decision-and-reasons-danieli-sam-02nsw24.pdf (https://www.cadb.gov.au/media/ta4kv1wo/notice-of-decision-and-reasons-danieli-sam-02nsw24.pdf)", "implementation": [ "Create a senior responsible owner and cross-functional delivery team.", "Map legislation, data, privacy, procurement, cyber, and workforce constraints.", "Co-design with users and frontline staff before technology selection.", "Stage delivery through pilots, benefits tracking, and public reporting." ], "risks": [ "Privacy and data quality", "Change fatigue", "Unclear accountability", "Digital exclusion", "Low public trust if feedback is not acted 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