Funding Body Audit Committee
The Funding Body Audit Committee was formed in the 2012–13 financial year and comprises four independent members. The inaugural members of the Audit Committee are Carol Holley (Chair), Mark Ridley, Ken Barker and Diane Fielding. All members were appointed for a period of three years.
The objective of the Audit Committee is to provide independent assurance and assistance to the CEO on the Funding Body’s risk, control and compliance frameworks, and its external accountability and financial reporting responsibilities. Additionally, the Audit Committee governs the process of auditing the financial statements of both the Funding Body and the Pool.
The Audit Committee met twice during the year; the first meeting being held on 11 April 2013.
Audit Committee profile
Carol Holley was appointed as Chair of the Funding Body Audit Committee on 1st March 2013.
Ms Holley is a Non–Executive Director of the Defence Housing Australia (DHA) Board, Chair of DHA Investment Management Limited and a member of the Property Committee of DHA. She is also the Independent Chair of the Risk Management and Audit Committees of NSW Police Force, the NSW Department of Planning and Infrastructure and the NSW Land and Housing Corporation.
Ms Holley is a Chartered Accountant and a Fellow of the Australian Institute of Company Directors (GAICD), a Registered Company Auditor and a Registered Tax Agent.
Ms Holley was a Partner of Hill Rogers Chartered Accountant for 25 years and holds a Bachelor of Arts.
Mark Ridley is a former senior partner with PricewaterhouseCoopers, where he held a number of leadership roles focused on assurance and risk management.
Mr Ridley is currently Chairman of the Audit Committee for the Department of Human Services, encompassing Centrelink, Medicare and Child Support, and Chair of the Audit Committee for the Clean Energy Regulator. Mr Ridley is an Independent member of the Audit and Risk Committee of the Australian National University and an Independent member of the Audit Committees for the Royal Australian Mint and Insolvency Trustee Services Australia.
Mr Ridley is a Chartered Accountant (FCA), a graduate member of GAICD, and holds certification in Risk and Information Systems Control (CRISC).
Diane Fielding joined the Australian Public Service in 1982 and retired in 2006 as First Assistant Secretary (Finance) for the Department of Defence. She had previously been the Chief Financial Officer of the Departments of Veterans’ Affairs and Social Security and Centrelink.
Ms Fielding was a member of the Certified Practising Accountant (CPA) Australia Public Sector Committee for 14 years and has been a member of the Australian Institute of Management ACT Advisory Council since 2008. Sheis currently the Chair of the Downer Community Association.
Ms Fielding holds Bachelor of Economics and Bachelor of Commerce degrees. She is a Fellow of CPA Australia and the Australian Institute of Management and is a member of the Australian Institute of Company Directors.
Ken Barker has 42 years of experience in public sector management and finance, previously working across four large NSW Government agencies (NSW Police, the former Public Works, Corrective Services and NSW Health).
Mr Barker has had a number of Board and Committee appointments including: Chair of the NSW Treasury Managed Funds Advisory Control Board for 16 years, Member of the NSW State Contracts Control Board for 18 years and is currently the financial/business expert on the National Blood Authority Advisory Board and an independent member of its Audit Committee.
Mr Barker was awarded the Public Service Medal in 2002 for Outstanding Public Service in public sector financial management.
Mr Barker is a Fellow of the Institute of Public Accountants and a graduate of GAICD.
Other advisory committees
The Funding Body facilitates the following committees:
Administrator’s Jurisdictional Advisory Committee
The Jurisdictional Advisory Committee to the Administrator is a committee of senior representatives of the Commonwealth, states, territories and national health reform agencies.
The Jurisdictional Advisory Committee’s functions involve discussing and advising on the potential effects of proposed or existing processes relating to the responsibilities of the Administrator.
The Jurisdictional Advisory Committee objectives include:
- consideration and provision of advice to the Administrator on the strategic issues associated with the national health reform components, for which the Administrator is responsible
- enabling collaboration between the Administrator (and the Funding Body) and the Commonwealth, state and territory Health Departments on the relevant operational arrangements and priorities under the Agreement and the Act.
Reconciliation Advisory Group
The Reconciliation Advisory Group is a technical advisory group convened by the Funding Body on behalf of the Administrator. TheReconciliation Advisory Group comprises representatives from the Commonwealth, states and territories.
The Reconciliation Advisory Group functions involve:
- providing support and informing the hospital activity reconciliation and matching requirements outlined in the Agreement
- enabling technical collaboration between the relevant stakeholders
- working through the reconciliation and matching approach and protocols.
The Reconciliation Advisory Group objectives include:
- enabling a forum and opportunity to share knowledge to develop a robust reconciliation and matching process
- deliberating the technical implications of the reconciliation process
- the consideration, discussion and provision of advice to the Administrator and Funding Body on technical issues associated with those reconciliation components for which the Administrator is responsible
- providing recommendations and feedback to the Administrator and Funding Body on relevant reconciliation and matching parameters and items, and advising the Jurisdictional Advisory Committee on matters of relevance.
Jurisdictional CFO Committee
The national health reform Jurisdictional Chief Finance Officer (CFO) Committee is a committee of CFOs, or the equivalent representative of the Commonwealth, states and territories, and Commonwealth Treasury. The committee is convened by the Funding Body.
The Jurisdictional CFO Committee functions, in relation to national health reform, include:
- facilitating the implementation and operation of funding arrangements in relation to the Administrator
- ensuring compliance with applicable national health reform requirements
- receiving and responding to determinations from the Administrator on requirements and obligations.
The Jurisdictional CFO Committee objectives include:
- overseeing the implementation and development of components of national health reform in relation to the scope of jurisdictional Health Department CFOs, where the Administrator and Funding Body have responsibility
- coordinating collaboration between the Administrator, Funding Body and state and territory Health Department CFOs on the relevant operational finance arrangements and priorities under the Agreement and Act.
Membership with external committees
Table 3 lists and describes the Funding Body’s membership affiliations with external committees.
National Health Information and Performance Principal Committee (NHIPPC)
To provide advice on eHealth, information management and reporting development, governance and strategies, and to facilitate collaboration between the Commonwealth, states and territories and other key stakeholders
Standing Committee on Performance and Reporting
To provide advice and support through NHIPPC on reporting and information management development and priorities
Independent Hospital Pricing Authority Jurisdictional Advisory Committee
To determine the National Efficient Price for public hospital services, allowing for the national introduction of activity based funding