Urbanise.com Annual Report 2019

Directors’ Report Auditor’s independence declaration A copy of the auditor’s independence declaration as required under section 307C of the Corporations Act 2001 in relation to the audit for the financial year is provided with this report. Non-audit services Details of amounts paid or payable to the auditor for non-audit services provided during the year by the auditor are outlined below. 2019 $ 2018 $ Amounts paid and payable to EY for non-audit services Assurance related – 50,000 Taxation compliance – 12,500 Total non-audit services of auditors – 62,500 The Directors are satisfied that the provision of non-audit services, during the year, by the auditor (or by another person or firm on the auditor’s behalf) is compatible with the general standard of independence for auditors imposed by the Corporations Act 2001 . The Directors are of the opinion that the services as disclosed above do not compromise the external auditor’s independence, based on advice received from the Audit and Risk Committee, for the following reasons: (i) all non-audit services have been reviewed and approved to ensure that they do not impact the integrity and objectivity of the auditor, and (ii) 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, acting in a management or decision making capacity for Urbanise or any of its related entities, acting as an advocate for Urbanise or any of its related entities, or jointly sharing risks and rewards in relation to the operations or activities of Urbanise or any of its related entities. Proceedings on behalf of the Group The Group has not applied for leave of court to bring any proceedings on its behalf. 21