ANNOUNCEMENTS: IPA BOARD OF DIRECTORS

Institute of Public Accountants (IPA) Chairman, Damien Moore FIPA FFA, on behalf of the Board of Directors has issued the following statement:

Following their September Meeting, the IPA Board has signed off on the audited accounts for the 2016/17 financial year.

In addition, the Board received the Nominations Committee report regarding Board nominations.

We are pleased to advise the election of three new directors to the IPA Board, noting strong interest from members in the nominations process.

The new Directors are:

• Dr Michael Schaper FIPA FFA, Deputy Chair of the Australian Consumer and Competition Commission (ACCC).

• Ms Julie Williams FIPA FFA, Principal of Insolvency Solutions and  registered liquidator

• Mr Mike Mooney FIPA FFA, Principal of Mike Mooney Accountants, tax agent.

These Directors will assume office from the close of the Annual General Meeting in November 2017 which coincides with the IPA's 2017 National Congress on the Gold Coast.

We are delighted with the calibre of these appointments, which demonstrates a clear direction of the Institute to improve the quality of life of small business.

We also acknowledge continuing media interest in the remuneration of chief executives and as a consequence, undertook to review disclosure of these issues.

Following the completion of the external audit and signing of the accounts by the Board of Directors, we advise that the IPA chief executive's contracted remuneration is set at $600,000 with capacity to earn a performance bonus of up to 5 per cent.

Damien Moore FIPA FFA

President