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AUDITOR INDEPENDENCE
The lead auditor’s independence declaration is set out on page 49
and forms part of the Directors’ report for the year ended 30 June 2016.
NON-AUDIT SERVICES
KPMG provided the following non-audit services to the Trust during
the year ended 30 June 2016 and received, or is due to receive, the
following amount for the provision of these services:
Taxation services
$26,200
Accounting consultancy services
$3,000
Property consultancy services
$431,183
Total
$460,383
During the prior year, KPMG acquired the SGA consultancy group,
with which the Trust has had a long standing working relationship.
Prior and post the acquisition, SGA has provided investigation, project
management and advice on property rectification issues.
The Audit and Risk Committee has, following the passing of a
resolution, provided the board with written advice in relation to the
provision of non-audit services by KPMG.
The Board has considered the Audit and Risk Committee’s advice, and
the non-audit services provided by KPMG, and is satisfied that the
provision of these services during the year by the auditor is compatible
with, and did not compromise, the general standard of auditor
independence imposed by the
Corporations Act 2001
. The non-audit
services provided do not undermine the general principles relating
to auditor independence as set out in APES 110
Code of Ethics
for
Professional Accountants
, as they did not involve reviewing or auditing
the auditor’s own work or acting in a management or decision making
capacity for the Trust.
Signed in accordance with a resolution of the directors of BWP
Management Limited.
E Fraunschiel
Chairman
BWP Management Limited
Perth, 4 August 2016
In accordance with a resolution of the directors of BWP Management
Limited, responsible entity for the BWP Trust (the Trust), I state that:
1.
In the opinion of the directors:
(a) the financial statements and notes of the Trust are in
accordance with the
Corporations Act 2001
, including:
(i)
giving a true and fair view of the Trust’s financial
position as at 30 June 2016 and of its performance for
the year ended on that date; and
(ii) complying with Accounting Standards and
Corporations Regulations 2001
.
b)
there are reasonable grounds to believe that the Trust will
be able to pay its debts as and when they become due and
payable; and
c)
the financial statements also comply with International
Financial Reporting Standards as disclosed on page 32.
2. This declaration has been made after receiving the declaration
required to be made to the directors in accordance with section
295A of the
Corporations Act 2001
for the financial period ended
30 June 2016.
For and on behalf of the board of BWP Management Limited.
E Fraunschiel
Chairman
BWP Management Limited
Perth, 4 August 2016
DIRECTORS’ REPORT
FOR THE YEAR ENDED 30 JUNE 2016
DIRECTORS’
DECLARATION
FOR THE YEAR ENDED 30 JUNE 2016
BWP Trust Annual Report 2016
48
Financial Report