", A Qantas pilot told ABC's Four Corners: "When you mix a safety critical role with a threat of losing your job, then it really only ends in one way. Safety, Health, Environment and Security Committee: Antony Tyler (Chair), Alan Joyce, Belinda Hutchinson and Michael L'Estrange. Qantas Group Tax Risk Management Policy, ensuring corporate governance obligations with respect to tax risks are met. Close to 98 per cent of its staff voted the agreement down. Andrew is a board member of the peak advocacy group for airlines in the region - Airlines for Australia New Zealand (A4ANZ) and is also a member of the IATA Industry Affairs Committee and an Advisory Board Member of the Tourism & Transport Forum. You'll facilitate risk workshops for strategic projects/initiatives and business as usual activities as required. We're committed to reducing our emissions in line with the Paris Climate Agreement to limit warming to well below 2C above pre-industrial levels, and pursuing efforts to limit the temperature increase to 1.5C above pre-industrial levels. It does not dispute union estimates that numbers are down by up to 35 per cent on the levels it had before the onset of COVID-19. We are committed to managing the risks that come with a volatile environment by strengthening business resilience and building an agile, adaptive culture - giving us the foundations for sustainable performance in all market conditions. You are . Platinum Asset Management Ltd ( ASX: PTM) The Platinum share price is down 17% to $1.89. endstream endobj 149 0 obj <>/Metadata 17 0 R/Pages 146 0 R/StructTreeRoot 31 0 R/Type/Catalog>> endobj 150 0 obj <>/Font<>/ProcSet[/PDF/Text/ImageC]/XObject<>>>/Rotate 0/StructParents 0/TrimBox[0.0 0.0 841.89 595.276]/Type/Page>> endobj 151 0 obj <>stream Tax risk management is governed by both the Qantas Group Risk Management Policy and the Qantas Group Tax Risk Management Policy, ensuring corporate governance obligations with respect to tax risks are met. Vancouver-based Uniglobe is also adding Canada's House of Travel to its membership. Following ongoing discussions with the Department of Home Affairs about the repatriation of deportees who have not been granted asylum by the Australian Government, the Department has updated its Persons in Custody (PIC) form so that airlines are advised whether an individual has outstanding proceedings before a court or tribunal prior to international transportation. We have seen airlines like Virgin like Rex come into the market and start up from scratch and the national carrier to survive has to have adapted to it. Our people are back at work, millions of customers are safely flying across Australia and around the world, and weve made significant progress on our three-year recovery program. The latest FRMS was given the thumbs up by Australia's aviation safety regulator, CASA, following a 12-month trial. Tino has significant experience in the Transport industry in both Commercial and Financial roles having worked for a number of Airlines. However, it saysit requires fewer engineers than it had pre-COVID because maintenance requirements are much lower, with its 747-fleet retired and international capacity down. The Civil Aviation Safety Authority has endorsed multiple safety and risk management systems at Qantas, and no-one is suggesting there is currently any systemic risk. If we identify material risks, we will work with suppliers to remove the risks where possible, and otherwise to substantially mitigate them. "In terms of pilots, of the things that Qantas has done very successfully, because the law allows them to, is that they've acquired or set up subsidiary airline groups," Mr Lucas said. Opens in new window. ". 4.36 QFF follows the Qantas Group risk management practices, policies and procedures. This may lead to the closure of some of its international business segments. GROUP RISK MANAGEMENT POLICY - MAY 2021 Through our streamlined enterprise wide approach to risk management the Audit and Risk Committee is provided with visibility of material risks and our risk mitigation strategies. Qantas has said "data shows a lower rate of incidents compared to when ground-handling was done in-house". Jetstar Asia Airways, based in Singapore and managed by Newstar Holdings, majority-owned by Singapore company Westbrook Investments (51 per cent . Likewise, the existing competitors are likely to intensify their competition to either increase their market share of maintain their competitor advantage. Risk Management Policy; 9. Risks are assessed in accordance with the Qantas Group Risk Assessment Guide (QRAG). Oversight is maintained through the Boards Audit Committee and Safety, Health, Environment and Security Committee (also known as CHESS). Policies Policies Find the information you need to service your customers with ease. We regularly review our risk triggers and due diligence processes to ensure they are reflective of changes in the global environment and are effectively designed to enable us to identify, prevent, mitigate and account for how we address modern slavery risk in our supply chain. We continually review the criteria we use to identify and assess supplier risk to ensure our methodology is reflective of the shifting global environment. Italian TMC Gattinoni Business Travel has opened a new office in Treviso, in the country's north-eastern Triveneto region, following the acquisition of rival TMC Btexpert. Our approach to risk management starts with our first priority: the safety of our customers and employees. However, a Qantas spokesperson told Simple . The UQ Policy Handbook is to assist UQ staff developing policies and procedures. Tino La Spina will move to the role of Chief Executive Officer of Qantas International on 1 October 2019, with Vanessa Hudson formally commencing as the Groups new Chief Financial Officer on the same date. The Qantas Group is announcing changes to its Group Management Committee, as the national carrier moves into a new phase of growth and renewal. It expresses our commitment to provide for, or co-operate in remediation in line with the guidance provided under the UNGPs where we identify we have caused or to which we may have contributed or be directly linked to harm. As a company thats been around for 96 years, Qantas is used to looking at the big picture. We require independent third party auditors to carry out extensive on-site assessments which audit workplace practices including adherence to living wage requirements, maximum working hours, acceptable living conditions and corporal punishment. On 1 May, Qantas announced changes to its executive team that will take effect on 1 October 2019. . Lesley is a Director of the Australian Brandenburg Orchestra since October 2015, a Director of Venues NSW since May 2017, a member of Chief Executive Women and was previously a Director of Taylor Fry Pty Ltd from 2015 to 2017, a Director of the Qantas Foundation from 2009 to 2017, and a non-executive director of UNICEF Australia from 2006 to 2015. Previous roles have included Chief Executive Officer of Tiger Airways Australia for eighteen months, and Chief Operating Officer of Virgin Australia for five and a half years. He started this role in March 2015. In summary, the changes are: Andrew David, who is CEO of Qantas Domestic and International, will retire from the Group in September 2023. In addition to the human rights due diligence and risk assessment of new and recontracting suppliers, we commenced work to assess our existing unassessed supplier base. Re-establishing key governance forums such as the Supply Chain Assurance Leadership Council and business-led supplier governance mechanisms and internal working groups. Risk management is a part of decision making. Contract Engagement, Review and Execution Policy; 4. Our sports and arts sponsorships are focused on supporting elite Australian talent and helping our national teams excel in global competitions. Opens in new window, To read our Supplier Requirements and find out more about our supply chain, <> He has been involved in start-ups, mergers, acquisitions and major change programs. "We're seeing them occur across multiple weeks, and ultimately that's where things start to increase in operational complexity. Qantas Airways Limited ABN 16 009 661 901. Bags are being loaded onto aircraft incorrectly. A third hat has been thrown into the ring in the race for a potential new boss of Qantas as Alan Joyce prepares to step down as chief executive by the end of the year.. The S&P/ASX 200 Index (ASX: XJO) airline stock closed yesterday trading for $6.28 per share. Our commitment to strengthening business resilience and fostering a risk aware culture creates the foundation for sustainable performance and adaptability to respond to shifting market conditions. Our Group training matrix identifies those employees who, due to the nature of their role, are required to complete anti-bribery and competition law training. The Qantas Group entered the crisis in better shape than most airlines. Likewise, bullying or any form of occupational violence in the workplace is not tolerated. All our suppliers are required to comply with Qantas' Thats how we create value for our stakeholders, opportunities for our people and world-class experiences for our customers. Consistent with the Groups consultative approach on this complex issue to date, we expect that as our operation resumes, that our dialogue with stakeholders will also resume. He joined Qantas in 2006 as General Manager Strategy, then CFO and Head of Commercial for Loyalty and was Group Deputy CFO from August 2009 before being appointed Group CFO in March 2015. Qantas provide an opportunity for the maximum number of shareholders to attend an Annual General Meeting (AGM). Talk to people in safety-critical roles in aviation, and it's often not long before conversation turns to the 'Swiss cheese model'. and Audit Committee, review Qantas Management's establishment and operation (within the risk appetite set by the Board) of an enterprise-wide operational risk management system which is designed to identify, assess, monitor and manage operational risk throughout the Qantas Group in relation to safety, health, environment, security and During FY22 this included: The Business Integrity & Compliance team support the business on meeting the requirements of human rights related legislation, practices and standards, including through assessment of suppliers in our supply chain assurance program. Security Policy. We are committed to achieving world class environmental performance in all aspects of our business, reducing our emissions footprint, and contributing to the growth of a low-carbon economy. It is the intention of the Qantas Group to require employees to be vaccinated against COVID-19 and this is being explored in all our international locations. ", A licensed engineer told ABC's Four Corners: "The planned work for the night, we used to get through it, what they planned for us almost every night. Therefore, job security is absolutely paramount, and pilots cherish their job security. Management Committee and the Board of Directors, for the purpose of assessing the performance of the Qantas Group. Mr Finch leads a team that is responsible for the management of legal, governance, compliance and business integrity, safety, security and internal audit risk across the Qantas Group. xkS;3[f! Opens in a new window There's a lot that can go wrong. This amendment provides the Group with an additional level of verification in line with our voluntary commitments under the UNGPs, while at the same time upholding our position that the Australian Government is best placed to make decisions on the legal status of people seeking asylum in Australia. It is intended to ensure a consistent approach to risk management throughout the university. The costs being used for normal business operations may exceed the capital making it difficult for the company to progress. Opens in new window, To read our CDP Climate Change disclosures, please visit the Scope This policy sets the minimum requirements related to risk management for the Sandvik Group. In disclosing our financial performance, we comply fully with ASIC regulations, ASX rules and broader global reporting standards. Famously, on October 29, 2011, Qantas chief executiveAlan Joyce grounded the entire Qantas fleet worldwide, leaving tens of thousands of passengers stranded during an industrial dispute with pilots, engineers and ground-handlers. Upgrade my browser. Our Supply Chain Assurance program, launched in FY18, has a clear focus on six key risk areas: This program helps us understand how our suppliers are producing the goods and services we pay them for, and to make sure they comply with Qantas'Supplier Requirements (PDF). It's been prepared to take really destructive decisions in pursuit of the bottom line.". Opens in new window. Where appropriate, we're committed to working with external organisations and initiatives that promote transparent reporting of financial and non-financial metrics in the public interest. <> Under his leadership Qantas has implemented its biggest transformation since privatisation in 1995, renewed its fleet and technology, lifted customer satisfaction to record levels and expanded with new ventures and partnerships. Prior to Qantas Olivia had held senior executive roles for a number of organisations including lobby group, the Tourism & Transport Forum and the Australian Tourist Commission. Qantas takes the challenge of human-induced climate change very seriously, as recognised in the release of our GroupClimate Action Plan (PDF)in 2022. Its constant refrain is that it does what it needs to do to meet its business objectives, compete in a tough market, and remain viable. Join Qantas Frequent Flyerorsubscribe to Red Email today. Qantas is often referred to as a "legacy airline", which is code for an airline that came out of public ownership with generous pay and conditions compared tonewer competitors. Andrew was previously the founder and Managing Director of a large public affairs firm that was acquired by the Ogilvy Group in 2001. In line with the guidance of the UNGPs, the issues were identified applying the lens of the risk of harm to people, and the severity assessed based on the scale, scope and irremediability of each impact. Risk management explicitly addresses uncertainty. Since the dawn of the Jet Age, it has never suffered a fatal accident or lost an aeroplane hull, which is a credit to its staff and its leadership. contacting the Whistleblower hotline, which is independently managed on behalf of Qantas by PricewaterhouseCoopers (via phone on 1800 855 212 or +612 82661453, via. On the other hand, it could suggest that skill and experience, an important layer of defence, has been eroded. Training is primarily delivered online, however we may conduct face-to-face training for employees operating in high-risk roles following consideration of factors such as the corruption risk index of the country, the level of interaction with government, and the nature of the business activity. And, above all, achieve the highest standards of safety and integrity. Audience This policy applies to all entities within the Sandvik Group Since its privatisation 30 years ago, it has been finding creative ways to cut labour costs. The Board of Directors receives a bi-annual Group Risk Report incorporating the Group Short Term (0-3 year) and Long Term (3-10 year) risk profiles, trends, risk interconnectivity and monitors the management of notable risks. In doing so, we can ensure that our business is resilient in the transition towards a low carbon economy. Board & Committee Charters - Crown Resorts Corporate Governance Board & Committee Charters View our charters. Qantas maintains a strong governance structure over its risk management activities. Our sophisticated risk assessment utilises known bribery and corruption risk indicators and incorporates the Groups established risk assessment procedures to identify potential risk and, where required, to introduce adequate controls to mitigate that risk. Opens in a new window Andrew David has extensive airline experience. The system is recognised globally by the industry as an example of best practice and forms the foundation of our risk management approach. Qantas told us it "grandfathers" older conditions for long-serving employees "from a different era of aviation",enabling Qantas to become more competitive over time. Safety and Health Policy; and 10. Aviation has been at the forefront of the global business response to climate change, becoming the first industry to voluntarily commit to emission reduction targets as far out as 2050. A summary of indicators can be found Supplier Requirements. hereOpens in new window He recalls how, on some flights, he would work alongside staff from a UK Qantas subsidiary, a New Zealand Qantas subsidiary and legacy staff, on different pay and conditions. Tino is a Chartered Accountant, a member of the Securities Institute of Australia and the Institute of Company Directors and is a member of the National Executive of the G100. 2008/09 Qantas Data Book . Over 2016/2017 Qantas exceeded performance in sustainability benchmarking indices, from the last to first tier on the Macquarie Environment Social Governance (ESG) ratings, achieving CDP A List and CDP Supplier Climate Change A List and rated at a Leading level by the Australian Council of Superannuation Investors (ACSI). Group Finance Policy; 7. We have made the decision to not actively participate in the following external initiatives: Qantas Group Corporate Governance Statement, Modern Slavery and Human Trafficking Statement, Everyone has the right to return home safely, Being a fit, agile and diverse organisation drives innovation and simplicity, Working together in an inclusive manner always delivers the optimal group outcome, Each employee deserves respect, trust and good leadership. Tony Lucas has been a pilot for 30 years, 27 of those with Qantas, and he has risen through the ranks to become a check and training captain. The Qantas Group has paid all taxes that it owes and all tax compliance obligations are up to date. And it was only realised it was done the wrong way just before the cargo hold was supposed to be closed.". "We're working longer hours. As weve done during the pandemic, were continuing to transform to make sure were well positioned for the future. For example, the Qantas Airline may end reducing its business international operations. Representing Australia at its best is what sets us apart - and our mission to advance Australian talent, ideas and values guides our community investment strategy. click here. Commercial experience with contract management The national carrier has a proud history of stepping up in times of crisis and the Group will continue to work closely with the Federal Government to provide repatriation flights, support export industries, share medical aid with our neighbours. On the other hand, it could suggest that skill and experience, an important layer of defence, has been eroded. Opens in a new window We have established systems and processes to ensure our suppliers (or the partners we work with) prioritise safety and sustainability in the same way we do. "Now, if you are a worker with a mortgage and your employer is threatening to terminate your existing enterprise agreement, the consequence for you could be that you can't pay your mortgage, that you no longer have the income coming in that you have organised your life around.". "Unfortunately, that has been usedas a threat to the pilots. We can't name the many employees we spoke to because they could be sacked for raising their concerns. Part of Wallace's remit will be to guide preparations for the company's "Project Sunrise," according to Qantas. I work in a safety environment, on a heavy piece of machinery. k_'J+BpphOjtH`w=KBfvFl'`' m8d 4=lY1843VW\%zHg^@{yKwco4`PYd9_ The role of CEO of Qantas Domestic and [] Read more *Subject to a dividend being declared by the Board. Qantas has an enviable safety record, consistently ranked as either the safest airline in the world or not far from it. Vanessa has a Bachelor of Business and was admitted as a Member of the Institute of Chartered Accountants in 1994. Stephanie Tully was appointed Chief Customer Officer in August 2019, following a 15-year career at the Qantas Group spanning operational, commercial, customer experience, marketing and strategy roles across the airline and loyalty businesses. This policy establishes the framework for a formal risk management program by designating responsibility for risk identification and analysis, planning for risk mitigation, and outlining program management and oversight. Nominations Committee: Richard Goyder (Chair), Jacqueline Hey, Belinda Hutchinson and Antony Tyler. Andrew manages the Groups government, industry, public policy, regulatory, environment and international affairs worldwide. The Group's executive management team is the Group Management Committee (GMC). Com , 2016). Qantas told ABC's Four Corner that it "shows a safety management system that is working and designed to capture human error through multiple fail-safes". You'll have: A minimum of 5 years of experience within the Aviation industry. Risk Management Policy is framed as per the following regulatory requirements: Companies Act, 2013: Provisions of the Section 134 (3) "There shall be attached to financial statements laid before a company in general meeting, a report by its Board of Directors, which shall include Opens in a new window Full time permanent position based in New York, JFK. Andrew began his career in IT consultancy. "As frustrating as it is for passengers, for pilots it means we're working a lot harder to keep the flights on schedule," one Qantas pilot said. Some staff we spoke to worried that what they view as the nickel-and-diming of staff is approaching a point where it could affect safety. Learnabout how we're managing our climate risk by enhancing our understanding of the physical and transitional risks, as well as emerging opportunities that may arise from a changing climate. Upgrade your web browser for an enhanced experience. The Board Charter is reviewed annually by the Board, with the last review conducted and amendments approved on 24 August 2022. The Group acknowledges the complexity of immigration issues and respects that there are various views in the community and amongst shareholders about Australias immigration policy. 1 . We define delivering today as holding ourselves to the highest standards in everything we do - and giving others the opportunity to evaluate our performance based on robust, publicly-available information. "We can't build enough experienced people doing the job more efficiently and safely, so we do jobs more slowly and haphazardly as people just don't know, they're still learning on the job. Prior to joining Qantas, Rob was a Partner with Bain & Company in Los Angeles and Sydney working across multiple industries, with an emphasis on media, technology and telecom businesses. Especially the staff that we deal with on a day-to-day basis around aeroplanes, ground staff, check-in staff. As Chief Financial Officer his portfolio included Finance, Strategy, Treasury, IT, Procurement (including Fleet), Investor Relations, Mergers & Acquisitions and the Groups Business Transformation Program. The Qantas Group is committed to transparency on key performance indicators, including environmental, financial and social. The strong financial position means the Group can reinvest, particularly in fleet and customer experience, as well as rewarding employees and shareholders. We set mandatory requirements to manage and protect the health and wellbeing of our employees and contractors governed by the Our Requirements for Health standard and our mandatory minimum performance requirements for risk management, as well as local regulatory requirements, standards and procedures. The policy must also clearly define the roles and responsibilities for managing risks; often in large organizations there is a risk manager who oversees the risk management framework and processes. Immediately prior to her appointment as Chief Customer Officer, Vanessa was the Executive Manager of Sales and Distribution with responsibility for the airlines revenue through all sales channels including key corporate and agency accounts. The Qantas Group adopts a proactive approach to enable identification, evaluation and effective management of the risks and opportunities that arise. Where we identify an adverse impact that we may have caused, contributed to or be directly linked, we adopt a consultative and measured approach to identify appropriate response options and take action consistent with the guidance provided under the UNGPs. "And, when you equated their hourly rates and conditions, one legacy crew, for example, would get you two Kiwis, three British or two Qantas Cabin Crew Australians," he said. 2 0 obj The group consists of: Jetstar Airways in Australia and New Zealand, wholly owned by the Qantas Group. Our Code of Conduct and Ethics and our Group Business Practices document outlines the obligations of our employees, contractors and those we do business with in relation to anti-bribery and corruption, and together with guidance from global regulators, collectively form our anti-bribery and corruption compliance program. The increase of increase is evident from the fact oil prices a prone to fluctuation all over the world(Sky News. "But what we're seeing at the moment, we're seeing them occur multiple times in the day. :`lw In the process, we aim to have a positive impact on the broader community and minimise our impact on the environment. Andrew Finch joined the Qantas Group in 2012 and is the Qantas Groups General Counsel and Group Executive, Office of the CEO (being the Groups central assurance functions of safety, security and internal audit). As a result, we have emerged from the pandemic a stronger and more resilient company. m@oo!X7dKr\L:==U>KzurVUI:'7OSr/*X\o+]Ll(f~["[ g[nf8fe;C{:dw%,[$=.`_ vCU=oVVy6a+DrvkyN~/ p,F m+] Bc9 The Audit Committee, at least annually, reviews Qantas Managements establishment and operation of an enterprise-wide risk management system. Our Modern Slavery Statement,pursuant to the Australian Modern Slavery Act 2018 (Cth) (MSA) and s54(1) of the Modern Slavery Act 2015 (UK MSA) sets out the actions taken by the Qantas Group to assess and address modern slavery risks in our operations and supply chains. Under the Qantas Group COVID-19 Vaccination Policyall Australia-based new employees of a Qantas Group entity must be fully vaccinated with an Approved COVID-19 Vaccine and provide Evidence. Pilot Keith Marriott retired in 2020 after a career flying planes for Qantas that spanned 36 years. We're playing an active role in setting and meeting these ambitious targets, and were guided by a simple philosophy: measure, reduce, offset and influence. Risk management Observations. . "I totally enjoyed my time with Qantas," he said. To find out more about our environmental strategy and performance, The Group aims to ensure a safe and fair working environment for our people and we also recognise the rights of our employees to freedom of association with unions and collective bargaining.
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