Asial annual report 2016

ASIAL – raising the benchmark for security professionals

The peak body for security professionals

ABOUT ASIAL

VISION

The Australian Security Industry Association Limited (ASIAL) is the peak body that represents the security industry in Australia. ASIAL provides support to members operating professional and profitable businesses that deliver quality services to their customers.

We are the leading security association where membership is a mark of distinction and is valued by the members, public and government.

MISSION To support our members, promote standards and safeguard public interests.

www.asial.com.au ABN 91 000 813 365 | ASIAL 2016 Annual & Financial Report

ANNUAL REPORT 2015-16 CONTENTS President’s report

02

Independent audit report to members

18

Secretary’s report

03

Statement of comprehensive income

20

Operating report

04

Statement of financial position

21

Director profiles

14

Statement of changes in equity

22

Directors’ operating report

16

Statement of cash flows

23

Directors’ declaration

18

Notes to the financial statements

24

BOARD OF DIRECTORS President

Kevin McDonald

Vice President

Chris Luhrmann

Directors National Reference Group

Rod Anderson, Brian Foster, John Gellel, Mike McKinnon, Neil McLean, Rachaell Saunders Chris Delaney, John Fleming, Derek Hagstrom, Janine Hill, Peter Johnson, Chevelle Millhouse, Suzette Po-Williams and Robert Seth (in addition to the Board)

Past President Auditor Solicitor/Attorney Consultants Monitoring Centre Certification Inspection Industrial Relations

Ged Byrnes Foster Raffan Goldrick Farrell Mullan Robin Burrows, ATSC Chris Delaney, Chris Delaney & Associates

Compliance and Regulatory Affairs

Peter Johnson, Corporate Application

Special Consultant

Damien Smith, Enterprise Care Pty Ltd

SECRETARIAT Chief Executive Officer and Secretary General Manager Manager, Membership

Bryan de Caires John Fleming Sylva Pechackova

Manager, Finance and Administration

Fiona Rounds

Manager, Marketing and Communications

Kirsty Jagger

Marketing and Communications Officer Marketing & Events Coordinator Member Liaison Officer Senior Membership Officer Database and Website Officer Membership and Accounts Coordinator

Erika Bates Anna Ho Tania Laird Alexandra Firth Nadine Keady Ivy Xu

Membership Coordinator

Leonie Fraser

Membership and Cabling Coordinator

Jane Moujalli

Membership Coordinator

Naz Najafi

Membership Coordinator

Purva Das

ASIAL 2016 Annual & Financial Report | ABN 91 000 813 365

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PRESIDENT’S REPORT It gives me great pleasure to report that ASIAL has enjoyed another successful year. Despite a challenging operating environment, ASIAL has delivered a solid return for the year.

ASIAL

IS REGULARLY THE FIRST (AND ONLY) SECURITY ASSOCIATION CONTACTED FOR GUIDANCE AND INPUT

As all security operators know, we work in a highly competitive and dynamic industry sector. Good governance and sound business practices are fundamental to the long term sustainability of any organisation, and it is no different for our industry.

As a Board we continue to focus our efforts on ensuring that ASIAL meets the needs of its members and the industry as a whole. In this regard, ASIAL Directors and Management Team meet regularly to maintain ASIAL’s focus on its key strategic priorities: 1. To provide advocacy; 2. To promote a positive industry image; 3. To provide value to members; 4. To promote professionalism.

PROVIDING ADVOCACY Regulators – ASIAL’s view on industry issues is one that is actively sought and valued by government continues.

Fair Work Ombudsman (FWO) – Through our Memorandum of Understanding with FWO, ASIAL continues to work as a valued partner with FWO.

5,702

TOTAL CABLERS REGISTERED WITH ASIAL

2018 Commonwealth Games – ASIAL was engaged by the Gold Coast Organising Committee (GOLDOC) to prepare a Multi-Employer Enterprise Bargaining Agreement to cover the expected contracted security personnel workforce for the 2018 Games.

PROMOTING A POSITIVE IMAGE OF THE INDUSTRY Consumer awareness – ASIAL’s consumer awareness campaign continues to raise awareness of members among consumers.

Awards for Excellence – ASIAL celebrated its 20th annual industry awards in 2015, welcoming the Outstanding Security Performance Awards to our event.

Security Exhibition & Conference – #Security2015 was bigger and better than previous years and provided an excellent platform for the industry to showcase innovations.

Standards – ASIAL representatives have continued to play an active role in the development of industry standards.

National Alarm Response Protocol – ASIAL has worked with emergency service operators across Australia over many years and finally a national protocol appears within reach.

Industry certification – Building on its widely respected Monitoring Centre Grading program, ASIAL has introduced a scheme for Class 5 Capability Certification in accordance with AS2201.1.2007.

Compliance – ASIAL’s active enforcement of its Professional Code of Conduct ensures that members who do the wrong thing are dealt with fairly but firmly.

PROVIDING VALUE TO MEMBERS eLearning – ASIAL launched its eLearning platform to provide members with access to a high quality, cost effective means of delivering professional development training.

Safe Workplace Management (SWM) System – ASIAL made further enhancements to its subsidised SWM System, enabling members to meey their WHS obligations.

Domestic violence – ASIAL funded leading academics to undertake an independent research study to investigate whether the private security industry can support police responses to domestic violence.

ASIAL’s small team of a dozen people undertakes a broad range of activities and services. Much of the excellent work undertaken by ASIAL goes largely unseen, yet the positive impact on the industry is significant.

In closing, I would like to thank all of my fellow Board members and Convenors who all generously give their time and expertise for the betterment of the industry. I would also like to acknowledge the contribution of ASIAL’s Secretariat and expert consultants who work hard to ensure that the needs of members are met.

Finally, I would like to thank you as a member for your support over the past year, it is greatly appreciated.

PROMOTING PROFESSIONALISM Individual Recognition Program – ASIAL launched a recognition program for those committed to the highest standards.

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Kevin McDonald President, ASIAL

ABN 91 000 813 365 | ASIAL 2016 Annual & Financial Report

SECRETARY’S REPORT I am pleased to report that the Association returned a stronger than forecast performance for the year, returning a surplus of $84,412.

The better than expected performance was due to an increase in revenue driven by stronger member subscription, exhibition/conference and consultancy income.

In addition to investing in further enhancements to existing member services, the Association invested in the launch of its e-learning platform which provides members with access to quality content and a cost effective means of delivering professional development training to their employees. Resources have also been allocated to ongoing upgrades to the Association’s Customer Relationship Management system and the development of an ASIAL Security Jobs board.

This year’s consumer awareness campaign featured advertising on radio, in trade journals, on buses, on screens in major office buildings and airport terminals. In promoting the message to consumers to look for the ASIAL member logo, the Association spent $122,949. The balance of the outstanding revenue generated through the member marketing levy will be spent on consumer awareness activities conducted in the 2016-2017 year.

The announcement by the NSW State Government of the $6.2 billion Sydney Metro Rail Link is expected to impact favourably on the valuation of Security Industry House. The ASIAL office is located

immediately opposite the site of the proposed Crows Nest Metro Link station and the re-zoning of planning for the local area is expected to generate interest from developers.

Accumulated reserves increased to $3,435,367, further consolidating the Association’s financial position and enabling it to develop further benefits and services for members.

Finally, I would like to thank the Board, Convenors and staff for all of their support and input over the past year.

Bryan de Caires Chief Executive Officer & Secretary

5-Year Performance Summary (2012-2016) $4,000,000 $3,500,000 $3,000,000 $2,500,000

Total Income

$2,000,000

Total Expenses

$1,500,000

Profit/Loss Equity

$1,000,000 $500,000 $0 2012

2013

2014

ASIAL 2016 Annual & Financial Report | ABN 91 000 813 365

2015

2016

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OPERATING REPORT: MEMBERSHIP

263

NEW MEMBERS JOINED RECOGNITION PROGRAM

ASIAL membership continues to be a valued mark of distinction. Members display their ASIAL membership logo with pride and demonstrate their commitment to professionalism and quality – a commitment that is not lost on existing and prospective customers.

4,500

CONTACTS LOGGED INTO THE ASIAL WEBSITE

Engaging with our members is the most valuable activity undertaken by our staff. As a membership body, service is core to our organisation and directly impacts our members and our relationship with them. ASIAL has a dedicated membership team who prioritise the needs of members, ensuring they deliver outstanding value and service. We also strive to provide new and effective ways for members to engage with the association and each other.

KEY STATISTICS •• During the course of the year the Association welcomed 263 new members, with 75 per cent of new applicants making their application online.

•• Since implementation of the CRM system during 2015/2016, more than 4,500 contacts logged in to the ASIAL website.

35%

INCREASE IN THE MEMBER RECOGNITION PROGRAM PARTICIPATION 4

•• More than 350,000 email communications were sent using our new communication platform.

•• Approximately 1,700 document downloads were made from the ASIAL website over the year.

•• The ‘Find an ASIAL member’ ASIAL search directory was accessed more than 11,000 times over the course of the year.

of 112 per cent in the number of members nominating ASIAL to manage their CPD points.

•• Participating in the ASIAL member recognition program increased by 35 per cent. There are now 935 members participating in the program.

The program includes 18 Platinum Members, 292 Gold Members, 288 Silver Members and 337 Bronze Members.

•• The ASIAL Secretariat handled 28,100 inbound calls and initiated 23,400 outbound calls.

•• Launched in September 2015, the ASIAL Calendar App has been downloaded/viewed 9,361 times.

The Association’s goal is to provide the highest possible level of customer service. During peak periods of demand we were able to continue to provide a consistently high level of services to members seeking advice and support on a wide range of issues, including membership/ renewal enquiries, event registrations, compliance, employee relations and technical queries.

eLEARNING PLATFORM During the course of the year, the Association launched its eLearning professional development platform.

The platform offers a comprehensive online catalogue of short courses for members that have

•• In 2015/2016 there was a significant increase ABN 91 000 813 365 | ASIAL 2016 Annual & Financial Report

been designed to complement the Association’s existing professional development activities.

INDIVIDUAL PROFESSIONAL RECOGNITION PROGRAM

SAFE WORKPLACE MANAGEMENT SYSTEM

We recently launched the ASIAL Individual Professional Recognition program, which sets the benchmark for security professionals looking to progress their careers and to be recognised by employers, peers and clients. Eligible individuals can attain the post-nominal of MASIAL, AFASIAL, FASIAL or FASIAL (Life). ASIAL Post Nominals can be used on an email signature block, business cards, in resumes or in other formal correspondence, and all eligible members are encouraged to display them proudly.

A growing number of members are utilising ASIAL’s Safe Workplace Management System to help them meet the obligations placed upon them under WHS Act 2011. ASIAL has developed a mobile-friendly and easy to use system specifically tailored to the Australian security industry, with AS4801 (Occupational Health and Safety Management Systems) compliance in mind.

QLD AUDIT AND MEMBER COMPLIANCE As an Approved Security Industry Association in Queensland, ASIAL is required to conduct a statutory compliance audit of members every three years. Security Firm Licence holders are required to demonstrate that they follow good business practices and have current policies and procedures in place to run their businesses. During the course of the year 17 members operating in Queensland were expelled due to non-compliance with the statutory audit requirement.

ASIAL 2016 Annual & Financial Report | ABN 91 000 813 365

COMPLAINTS ASIAL continues to actively manage complaints and disputes in accordance with its Complaints and Dispute Resolution Policy and Procedure. In 201516 there were 14 complaints registered with the Association, compared with 18 in 2014-2015.

Eight of these related to electronics issues (including failure to provide alarm codes and incorrect installation of CCTV and alarm systems) and three manpower (including alleged abusive and threatening behaviour by security guards).

With the majority of complaints received, outcomes were achieved through mutual agreement. It is clear that with sound business practices and better communication with clients many of these issues could have been avoided.

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OPERATING REPORT: MARKETING AND COMMUNICATIONS

1.3mil

IMPRESSIONS ACROSS TWITTER, FACEBOOK AND LINKEDIN

Over the past year we have focused our efforts on membership retention, through improved communications, the greater use of social media channels and the staging of topical industry events and webinars. The response has been positive, with higher levels of member engagement.

#SECURITY2015

MEDIA RELATIONS

#SECURITYAWARDS

ASIAL’s status as the ‘go to’ organisation for comment on industry related matters spiked in 201516, with media mentions increasing by 76%, including domestic and international coverage.

In particular, ASIAL’s involvement in the Local Government Procurement Initiative, led by the Fair Work Ombudsman, generated significant media coverage. ASIAL’s consumer awareness campaigns, the Home Security Challenge and SecureBiz Quiz, also generated their fair share of coverage.

EMAIL COMMUNICATIONS

85,000

1 IT AD M

ADMIT 1

UNIQUE VISITS TO THE ASIAL WEBSITE IN 2015-16

ASIAL contacts members on a regular basis to provide industry news, regulatory updates, event invitations and information on member benefits.

ASIAL’s email open rate increased to 38% in 201516, surpassing the average email open rate of 35% for Associations in the US, Australia, New Zealand, Canada and the UK (Mahlab Media, Oct 2015).

SECURITY INSIDER MAGAZINE Security Insider is a bi-monthly magazine that, over the past 21 years, has established a track record of providing accurate and timely information to security professionals. More than 3,000 copies are printed and distributed to members and subscribers. The magazine also has an online distribution of 10,000.

EVENTS

4,500

SECURITY PROFESSIONALS ATTENDED #SECURITY2015 6

In 2014-15, ASIAL saw a significant increase in event attendance, mostly due to the introduction of webinars. It has been positive to see this level of engagement has been sustainable and continued to grow, with a 15% increase in attendance over 2015-16.

In July 2015, the Security Exhibition & Conference celebrated its 30th anniversary as Australasia’s premier security industry event at Melbourne Convention and Exhibition Centre, with the event attracting 4,500 security professionals.

In 2015, ASIAL organised the 20th annual Australian Security Industry Awards for Excellence, which for the first time included the Outstanding Security Performance Awards to Australia – a global initiative.

Nominations and attendance at the event were up significantly over the previous year, consolidating the evening as the industry’s premier awards night.

BREAKFAST BRIEFINGS Stable attendance numbers indicate members still enjoy face-to-face networking events. Speaker highlights for 2015-16 included Queensland Police Commissioner Ian Stewart, former NSW Police Deputy Commissioner Nick Kaldas and Senior Australian of the Year, Professor Gordian Fulde who heads up the Emergency Department at St Vincent’s Hospital in Sydney.

WEBSITE The ASIAL website continues to be an invaluable resource for members and the broader community. There were 85,000 unique visitors to www.asial.com.au during 2015-16; a whopping 10,000 more than in 2014-15. Page views also increased by more than 12%, with more than 400,000 total page views during the period, indicating visitors often returned and travelled through the site rather than bouncing off.

SOCIAL MEDIA ASIAL has certainly made an impression on social media – attracting an incredible 1.3 million impressions across Facebook, Twitter and LinkedIn, which have amassed 5,500 followers, representing 40% growth on last year. Engagement has been strong across all channels, resulting in increased web visits and strong event attendance.

ABN 91 000 813 365 | ASIAL 2016 Annual & Financial Report

CONSUMER AWARENESS CAMPAIGNS HOME SECURITY CHALLENGE On 1 July 2015, ASIAL launched the Home Security Challenge to raise awareness of common-sense home security practices and the importance of using a licensed security professional who is an ASIAL member. Millions of Australian householders saw and/or heard our advertisements on trains, buses, billboards, radio and online. Participation in the survey exceeded projections, revealing interesting insights into the home security practices of Australian householders, while thousands of people utilised the ‘Search for an ASIAL member’ search function on our website.

SECUREBIZ QUIZ Launched in January 2016, the SecureBiz Quiz campaign will remain active until December 2016, with full reporting to be provided in the 2016-17 Annual and Financial Report. However, brand awareness achieved as a result of advertising undertaken in the first half of 2016 has been significant. This has included: •• CBD tower screens across 268 sites, with a reach of 1, 126, 007 viewers; and •• 44 digital panels at six domestic airports, with a reach of 2, 173, 077 viewers.

ASIAL 2016 Annual & Financial Report | ABN 91 000 813 365

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OPERATING REPORT: INDUSTRIAL RELATIONS Industrial Relations continues to be an important factor in the short and long term needs of members and the industry as a whole. Responding to enquiries on disciplinary and dismissal matters, award and rates of pay enquiries, employment contracts and dealing with the Fair Work Ombudsman, is what we do every day for our members. Beyond that, here are some of the broader issues we have been dealing with:

51,500 INBOUND AND OUTBOUND CALLS WERE HANDLED

ASIAL

REPRESENTED MEMBERS IN THE FAIR WORK COMMISSION

COMMONWEALTH GAMES 2018 Between 4,500 and 6,000 security guards will be required for the 2018 Commonwealth Games on the Gold Coast, Queensland. The games organising committee, GOLDOC, requested ASIAL to draft, negotiate and file in the Fair Work Commission a Multi-Employer Enterprise Bargaining (Greenfields) Agreement (MEEBA) to cover the provision of private security services. We expect to reach agreement with United Voice and file documents with the FWC by early August 2016, to enable Tenders to be awarded.

WAGES AND LONG SERVICE LEAVE 4 YEAR MODERN AWARD REVIEWS Modern Award reviews have continued throughout 2015/2016 with little movement on either, the Security Services Industry Award 2010 and the Transport Cash in Transit Award 2010. The delays have occurred while awaiting the outcomes of common issues before a Full Bench of the Fair Work Commission. Other outstanding matters will follow thereafter.

ANNUAL WAGE REVIEW In June 2016 the Fair Work Commission handed down its decision in the Annual Wage Review. From the first full pay period after 1 July 2016, employees paid minimum award rates covered by modern awards were entitled to a wage increase of 2.4% and a respective increase in most allowances. Revised rate schedules were made available to members.

PORTABLE LONG SERVICE LEAVE PROPOSAL – VICTORIA On behalf of members, ASIAL made submissions to the Victorian State Parliament’s Economic, Education, Jobs and Skills Committee in 2015 on the proposal to establish a portable long-service scheme for the

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security industry. The committee concluded that further research is needed, but the final report has recommended the establishment of a portable longservice scheme for the security industry.

FAIR WORK OMBUDSMAN (FWO) /ASIAL MEMORANDUM OF UNDERSTANDING (MOU) ASIAL has consolidated its working relationship with the FWO, which has been valuable in promoting and protecting the interests of both individual members and the industry as a whole. The relationship has mostly focused on enforcement activities and progressing the Local Government Procurement Initiative. FWO has also engaged with ASIAL members by presenting at Breakfast Briefings and contributing to Security Insider Magazine.

LOCAL GOVERNMENT PROCUREMENT INITIATIVE (LGPI) The LGPI has passed into the compliance phase with FWO conducting audits of local government

ABN 91 000 813 365 | ASIAL 2016 Annual & Financial Report

contracts with private security providers. Significant issues have been identified including sham subcontracting, allegations of adverse action and underpayment of wages. It is anticipated that several councils will be put on notice about their procurement practices. Once the audits have been finalised there will be follow-up contact with councils.

FWO will compile a report on the LGPI which is expected to be available late in 2016.

CASH IN TRANSIT ROAD SAFETY REMUNERATION TRIBUNAL In May 2016 the Turnbull Government disbanded the Road Safety Remuneration Tribunal. While disappointing, the two-year exercise was valuable in developing industry focus on the CIT sector and provides a basis upon which to influence CIT Codes of Practice both within ASIAL and with WorkSafe regulators throughout Australia.

ASIAL 2016 Annual & Financial Report | ABN 91 000 813 365

NSW STATUTORY REVIEW OF THE WORK HEALTH & SAFETY ACT ASIAL has made a preliminary submission to WorkCover NSW on the review of the pre WHS Code of Practice for Cash in Transit, as part of the NSW statutory review of the Work Health and Safety Act 2011.

ASIAL was engaged by GOLDOC to develop a Multi-Employer Enterprise Bargaining Agreement for the 2018 Commonwealth Games.

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OPERATING REPORT: ADVOCACY AND REGULATORY AFFAIRS

ASIAL

ACTIVELY PARTICIPATED IN LEGISLATIVE REVIEWS REPRESENTING MEMBER’S POSITIONS

ASIAL continues to provide an effective and respected representative voice to government, the police, end-users, standards and regulatory bodies on issues that affect the future of our industry.

ASIAL

PROVIDED A WELL RECEIVED RESPONSE TO THE ASQA REPORT

No significant legislative changes for the security industry have been implemented over the past twelve months.

Several jurisdictions undertook a review of their relevant Regulations although not the principle Acts which in the main controls and guides the licensing of our industry. ASIAL actively participated in the legislative reviews representing member’s positions.

ASIAL continues to provide industry comment on other matters including Queensland’s Office of Fair Trading request for a response on pre-vetting of persons entering security training, South Australia’s public access to security licence holders’ photos being available on the public database of licence holders and the Victorian Law Reform Commission enquiry into the infiltration of criminal elements into industries covered by regulated regimes.

The ASQA review into security training released in January 2016, will impact on the security industry for many years to come.

Many of the recommendations from the ASQA report will be the subject of the pending review of the security industry training package. ASIAL will actively

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represent the security industry at the review as a member of the Industry Reference Committee.

In many jurisdictions the regulatory framework surrounding training maintains jurisdictional sovereign rights and places significant barriers on achieving a national position. ASIAL met with all regulators around Australia to discuss training and licensing issues. ASIAL’s strong relationship and communication with security industry Regulators has enabled us to raise issues with Regulators across many forums in an open and professional manner.

Concern remains over the public safety impact of activities undertaken in our industry sector by persons and organisations operating unlicensed or in areas that are not regulated. ASIAL continues to raise the concern of having electricians and IT

ASIAL CEO was invited to participate on an expert panel as part of the Queensland Police Executive Leadership Team Forum.

ABN 91 000 813 365 | ASIAL 2016 Annual & Financial Report

professionals providing security activities whilst not being licensed. Likewise concerns have been raised regarding courier companies providing cash carrying banking services without a security licence. ASIAL will continue to challenge the areas that impact upon the legitimate and compliant operators of our industry.

ASIAL DISCIPLINARY COMMITTEE ASIAL’s Disciplinary Committee met two times over the course of the year. The Committee’s role is to investigate alleged breaches of the ASIAL Professional Code of Conduct and to make recommendations to the Board.

Members of the Committee include Damien Smith (independent legal representative), Ged Byrnes (ASIAL Board representative), Bryan de Caires (ASIAL CEO) and Peter Johnson (ASIAL Compliance and Regulatory Affairs Advisor).

Among the issues addressed by the committee included member non-compliance with the Queensland mandatory audit requirement and security licensing and registration breaches.

A total of 175 members were expelled from the Association between 1 July 2015 and 30 June 2016, this compares with 246 (2014-2015) and 280 (2013-2014).

OPERATING REPORT: ELECTRONICS The Association has continued to engage with government, industry and members in addressing a wide range of issues relating to the electronics sector.

STANDARDS We continue to support standards development for the security industry through participation on Australian Standards committees and on the International Electrotechnical Commission (IEC).

NATIONAL BROADBAND NETWORK We have maintained regular contact and engagement with NBN Co to provide information to members on the deployment of the National Broadband Network roll out.

The NBN will now use a Multi-Technology Mix (MTM), this major change in direction will eliminate NBN equipment from the customer’s premises. NBN will only offer a VOIP solution and there will be no battery backup or UNI-V ports. It is vitally important that stakeholders in the migration of back to base security and medical alarms be informed about the NBN developments and communicate with their customers to offer solutions that maintain the security systems integrity.

ASIAL 2016 Annual & Financial Report | ABN 91 000 813 365

2G NETWORK With all of the changes happening in the telephony environment including the closure of the 2G network in December 2016, ASIAL continues to provide information to members and advocate that

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OPERATING REPORT: ELECTRONICS (continued) security installation work must be carried out by a licenced security technician that holds an Australian Communications and Media Authority (ACMA) cabler registration card.

SECURITY TECHNICIAN CERTIFICATION (STC)

ASIAL

IS OFTEN THE FIRST (AND ONLY) SECURITY ASSOCIATION CONTACTED FOR GUIDANCE AND INPUT

This ASIAL initiative supports the security industry in the development and professional recognition of technicians. It is designed to provide a career pathway for security technicians and is also an initiative to attract and retain skilled workers capable of meeting the future needs of the industry. The Australian government has highlighted a skills shortage for technicians given the NBN rollout and put in place funding for a Cert III in telecommunications for employers who wish to update the skills of their employees.

NATIONAL ALARM RESPONSE PROTOCOL

5,712

TOTAL CABLERS REGISTERED WITH ASIAL

We continue to engage with the National Emergency Communications Working Group (which includes communications representatives from Police, Fire and Ambulance services across Australian and New Zealand) to progress development of a national alarm response protocol. A standardised national response will provide an opportunity for emergency service operators and the security industry to work together for the benefit of all stakeholders.

MONITORING CENTRE CERTIFICATION ASIAL’s highly respected monitoring centre certification program in accordance with Australian Standard 2201-2 continues to provide customers with the reassurance that the standards applied at a monitoring centre are independently audited on a regular basis. All applications can now be managed through ASIAL’s updated website.

Class relies extensively on both the installer and the client. As part of the capability certification, the supplier has produced both a Compliance Statement and associated documents. These documents are dedicated to Class 5 compliance and form part of the Certification process.

ASIAL CABLING REGISTRY As an approved Cabling Registrar acting on behalf of the Australian Communications and Media Authority (ACMA) ASIAL provides cablers with advice and support in complying with cabling registration requirements. ACMA is responsible for setting out the regulatory requirements for registration and installation practices of cablers.

ASIAL’s cabling registry has been kept busy responding to cablers wishing to update their competencies and questioning how they should go about gaining competencies to continue to legally work in the industry. Registered Training Organisations have responded to the changes, offering courses to either upgrade from restricted to Open registration and also gain specialised cabling competencies.

At 30 June 2016 there were 5,712 registered cablers (up from 5,702 at 30 June 2015). Once again the majority of cablers opted to gain ‘Open’ registration as opposed to the limited ‘Restricted’ cabling registration, with the remaining balance being for ‘Lift’ work.

ASIAL continues to engage with ACMA and other cabling registrars to promote ongoing compliance and training in this sector. These qualifications have been deemed essential for the development of a skilled labour force that can work on newer IP technologies and the National Broadband Network.

CLASS 5 CAPABILITY CERTIFICATION During the year the Association launched its Class 5 certification scheme to assist members. The capability recommendation is based on an overview of AS/NZS 2201.1-2007 and its referenced standards. Full compliance is neither guaranteed nor implied. Whilst the product may be capable of meeting Class 5 standard, meeting this

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ABN 91 000 813 365 | ASIAL 2016 Annual & Financial Report

OPERATING REPORT: MANPOWER

Another year of challenges for the manpower sector has seen ASIAL actively represent member concerns regarding licensing, training, compliance and the complexities of jurisdictional regulation.

The pressure on recruitment and training remained a priority concern during the year. The Australian Skills Quality Authority (ASQA) report into security training continued to be the topic of discussion with Regulators, Registered Training Organisations and the newly established Skills Service Organisation (SSO), Artibus Innovation, who has the carriage of the review of the security training package.

Following face-to-face meetings with security regulators around Australia, meetings with ASQA management and a survey of ASIAL members, an industry position of 130 hours of auditable training covering 15 units of competency for entry level training for unarmed guards and crowd controllers was presented to ASQA and Security Regulators.

ASIAL’s position was well received. Further regulator and jurisdictional positioning will be required to achieve national agreement on a common set of units of competency to move forward.

An agreement on training hours would be a positive outcome and establish a long awaited national benchmark and potentially ease the abused mutual recognition licensing process which continued at unacceptable levels.

ASIAL 2016 Annual & Financial Report | ABN 91 000 813 365

The requirement of renewal training for a guard and crowd control licence was a discussion with many security Regulators. Western Australia confirmed the requirement for a current first aid certificate to be produced upon the renewal of a licence. Victoria also received a recommendation to introduce a similar process and Northern Territory indicated that they would look at training upon renewal of a security licence following critical comments regarding security training by a Coroner in an NT coronial matter.

ASIAL continues to monitor the Western Australian government’s position to introduce an additional assessment for individual security licence applicants to competency assessment on completion of the required Certificate training for licensing purposes. Whilst supportive of quality training and assessment, ASIAL is concerned about the additional cost impost and impact on individuals.

The manpower sector continues to be impacted by questionable contracting arrangements and in particular the use and abuse of ABN holders in the Victorian and Queensland jurisdictions.

ASIAL continues to engage with Regulators to highlight these questionable practices and seek legislative change to remove the potential of abusive practices.

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ASIAL ANNUAL REPORT 2016 DIRECTOR PROFILES DIRECTORS

PRESIDENT KEVIN MCDONALD

ROD ANDERSON

General Manager, Business Improvement, MSS Security Pty Ltd

Security and Training Consultant, Standsure Security Consulting

Kevin has more than 30 years’ experience in the electronics and manpower sectors. A director since 2001, Kevin is committed to the integrity, standards and improvement of the security industry.

Rod has more than 40 year’s security experience, including a distinguished 20 year career in the Australian Regular Army.

Rod has been a director since 2010.

VICE PRESIDENT CHRIS LUHRMANN

BRIAN FOSTER

Founder and Principal of SIA Security

Owner and Principal of PerspectiveIQ Pty Ltd

Chris has almost 30 years’ experience in law enforcement, investigation and private security and has been a director since 2006.

Brian’s career in the Security Industry spans over 40 years working as a senior manager and director. He has over 15 years of cumulative service as a director and vice present of ASIAL.

CHIEF EXECUTIVE OFFICER

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BRYAN DE CAIRES

JOHN GELLEL

Chief Executive Officer and Secretary

Enterprise Sales Leader, Honeywell Security and Fire

Bryan has more than 25 years’ senior management experience across a range of industry sectors. He joined the Association in 2000.

John has almost 20 years’ experience in security. He has been with Honeywell Security Group (HSG) since 2001, as General Manager since 2007, and as Enterprise Sales Leader since June as part of the integration of HSG and Honeywell Fire Systems, and a director since 2014.

John has an MBA with ACU.

ABN 91 000 813 365 | ASIAL 2016 Annual & Financial Report

ASIAL 2015-16 HIGHLIGHTS MIKE MCKINNON Managing Director, MSS Security Pty Ltd

NEW

NEW

NEIL MCLEAN Business Development Manager, ARA Security Neil has been involved in the security industry for more than 30 years. He was appointed as ASIAL’s State Convenor in South Australia in 2008, and has been a director since 2010.

NEW ASIAL MEMBERS IN 2015-6

M

IT

1

4,500 AD

ADMIT 1

Mike has been involved in the security industry for almost 30 years in a range of different roles. Passionate about providing national insights into issues impacting the industry, Mike has been a director since 2010.

263

SECURITY PROFESSIONALS ATTENDED #SECURITY2015

5,712 CABLERS REGISTERED WITH ASIAL

RACHAELL SAUNDERS Chief Executive Officer, National Protective Services Rachaell has more than 30 years’ experience in the security industry. She founded National Protective Services in 1988 and was appointed to the board in 2015.

2,594 MEMBERS

A SURPLUS OF MORE THAN

$84K

WAS GENERATED

ASIAL 2015 2016 Annual & Financial Report | ABN 91 000 813 365

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ASIAL FINANCIAL REPORT 2016 DIRECTORS’ OPERATING REPORT

•• Ongoing improvements to the Association’s IT systems to better serve the needs of members;

Your directors submit this operating report for the year ended 30 June 2016. The names of the company’s directors in office during the financial year and until the date of this report are as follows.

Directors were in office for this entire period unless otherwise stated.

Their qualifications, experience and special responsibilities are set out on pages 14 and 15 of this Annual and Financial Report.

•• A commitment to the continuous improvement of the Association’s online communications channels to ensure that they best serve the needs of members and the broader community;

Director

•• The introduction of practical new member benefits and services, such as the Safe Workplace Management System and ASIAL eLearning platform.

Rod Anderson

Brian Foster

Measurement of the Association’s performance

John Gellel

Chris Luhrmann

Mike McKinnon

Kevin McDonald

Neil McLean

Rachaell Saunders

The Association measures performance through a range of metrics, including member acquisition and retention rates; growth in member subscription and non-subscription revenue; media exposure and profile; and financial performance against budget.

In July 2015 the Board appointed Rachaell Saunders to fill the casual vacancy created following the resignation of Damian Waters in May 2015.

Key objectives of the Association The Association’s key strategic priorities are: •• To promote a positive image of the industry through an improved consumer awareness of the contribution the industry makes to the Australian economy; •• To promote the highest levels of professionalism within the industry through effective enforcement of the Association’s Code of Practice, industry certification programs and the development of professional development opportunities; •• To provide strong advocacy for the industry by acting as a respected and unified voice for the industry in seeking to influence decision-makers on public policy issues at a local and national level; •• Provide value to members regardless of their size and to ensure that membership continues to be viewed as a ‘mark of distinction’ which is valued by consumers.

Strategy for achieving these objectives Through both short and long-term measures, the Association has in place strategies to achieve its strategic priorities. These include: •• Advocacy for the industry through the lodgment of industry submissions in response to legislative reviews affecting the industry, whether relating to licensing, industrial relations or work, health and safety; •• Collaboration and engagement with government agencies and security industry regulators to address issues that affect the industry; •• Ongoing consumer awareness campaigns and interaction with the media and other key stakeholders; •• Growth and development of professional development opportunities and industry certification schemes; 16

Corporate Structure The Company is limited by guarantee. The liability of each member in respect of liabilities of the company, as specified in the Constitution, is limited to $100.

Nature of operations and principal activities The principal activity of the Company during the financial year was as an Industry Association serving the needs of employers and members within the Australian Security Industry. No significant change in the nature of this activity occurred during the year.

Number of recorded Members The number of Members recorded in the Register of Members of the Organisation as at 30 June 2016 for the purposes of section 254 (2) (f) of the Fair Work (Registered Organisations) Act 2009 was 2,594.

Employees The company employed 14 employees as at 30 June 2016 (2015:13 employees).

Rights of Members to resign In accordance with section 174 of the Fair Work (Registered Organisations) Act 2009, a member may resign from membership of the Organisation by written notice addressed and delivered to the Chief Executive Officer as per 11 and 44 of the ASIAL Constitution.

Details of Trustee of Superannuation Entities No member of the Board was: i. A trustee of a superannuation entity of an exempt public sector superannuation scheme or ii. A director of a company that is a trustee of a superannuation entity or exempt public sector superannuation scheme where the criterion for the member being a trustee or director is that the member is an officer or member of ASIAL.

ABN 91 000 813 365 | ASIAL 2016 Annual & Financial Report

ASIAL FINANCIAL REPORT 2016 Operating Results for the Period and Review of Operations The Association earned a net profit for the year of $84,412 (2015: $118,518). The Association’s reserves grew to $3,435,367.

The Association remains committed to its policy of reinvesting a significant proportion of prior year surpluses into maintaining and improving services to members, whilst using the balance to build sufficient reserves for when they are needed. Over the past year the Association has invested in providing members with access to an eLearning platform and ongoing enhancements to its Customer Relationship Management system.

Significant Changes in the State of Affairs No significant change in the state of affairs of the Company occurred during the financial year.

Proceedings on Behalf of the Company No person has applied for leave of Court to bring proceedings on behalf of the company or intervene in any proceedings to which the company is a party for the purpose of taking responsibility on behalf of the company for all or any part of those proceedings.

Auditors Foster Raffan continues to act as auditors in accordance with Section 327 of the Corporations Act 2001.

Directors’ Emoluments and Transactions No emoluments have been received or are due and receivable by Directors from the company or any related body corporate.

Directors Meetings

No significant events have taken place after the balance date.

Attendance by each director at board and board committee meetings, held during the period each director held office this year, is shown below. The number of meetings is in brackets.

Likely Developments and Expected Results

Directors Attendance at Board meetings

Directors have budgeted for a surplus of $24,854 for the coming year, which includes a provision for the launch of a security jobs board and additional secretariat personnel. The Association’s consumer awareness campaign will continue through funding from the member marketing fee. The Association has in place a number of ongoing strategic partnerships which will support initiatives aimed at raising standards and compliance among members.

Rod Anderson 4 (5)

Brian Foster 5 (5)

John Gellel 5 (5)

Chris Luhrmann 3 (5)

Kevin McDonald 5 (5)

Mike McKinnon 5 (5)

Neil McLean 5 (5)

Rachaell Saunders 4 (4)

Loans, grants and political donations

Rod Anderson 1 (1)

John Fleming 1 (1)

The Association has made no loans, grants or political donations over the past year.

Janine Hill 1 (1)

Peter Johnson 1 (1)

Chris Luhrmann 1 (1)

Kevin McDonald 1 (1)

Mike McKinnon 1 (1)

Neil McLean 0 (1)

Chevelle Millhouse 0 (1)

Derek Hagstrom 1 (1)

Rob Seth 1 (1)

Rachaell Saunders 1 (1)

Significant Events after Balance Date

Proceedings on behalf of the company No person has applied for leave of Court to bring proceedings to which the person is a party for the purpose of taking responsibility on behalf of the company for all, or any part of these proceedings.

Indemnification and Insurance of Directors and Officers During the year, the company has paid a premium in respect of a contract insuring directors and officers against: (a) liability arising from wrongful acts committed in their capacity as directors and officers of the company, but excluding dishonesty, fraud, malicious conduct or wilful breach of duty; and (b) the costs of legal representation in relation to such liabilities. The premium paid was $11,266, which also includes cover for the company in respect of loss it suffers as a result of wrongful, wilful or fraudulent acts of its directors, officers and employees. This contract complies with Section 199B of the Corporations Act 2001.

ASIAL 2016 Annual & Financial Report | ABN 91 000 813 365

Attendance at National Reference Group meetings

Suzette Po-Williams 1 (1) A copy of the auditors’ independence declaration, as required under section 307C of the Corporations Act 2001, is set out on page 18.

This report is made in accordance with a resolution of the Directors.

Kevin McDonald Director

Chris Luhrmann Director

Crows Nest, 7 February 2017

17

ASIAL FINANCIAL REPORT 2016 DIRECTORS’ DECLARATION In accordance with a resolution of the directors of Australian Security Industry Association Limited, we state that: (a) The financial statements and notes set out on pages 20 to 36 are in accordance with the Guidelines of the General Manager, Fair Work Commission and: (i) comply with Accounting Standards and the Corporations Regulations 2001; and (ii) give a true and fair view of the company’s financial performance, financial position and cash flow as at 30 June 2016 and of its performance for the year ended on that date; (b) in the opinion of the directors there are reasonable grounds to believe that the company will be able to pay its debts as and when they become due and payable. (c) during the financial period to which the General Purpose Financial Report relates and since the end of that year: (i) meetings of the committee of management (the Board) were held in accordance with the Rules of the reporting unit (ASIAL); (ii) the financial affairs of the reporting unit have been managed in accordance with its Rules; (iii) the financial records of the reporting unit have been kept and maintained in accordance with RO Act and its related Regulations; and (iv) No member of the Association or a Registrar has made a request for information under section 272 of the RO Act; and (v) there has been no order for inspection of financial records made by the Commission under section 273 of the RO Act. (d) no revenue has been derived from undertaking recovery of wages activity during the reporting period.

On behalf of the Board

Kevin McDonald Director

AUDITOR’S INDEPENDENCE DECLARATION I declare, to the best of my knowledge and belief that during the year ended 30 June 2016 there have been: (i) no contraventions of the auditor independence requirements as set out in the Corporations Act 2001 in relation to the audit; and (ii) no contraventions of any applicable code of professional conduct in relation to the audit.

Foster Raffan Chartered Accountants Level 6, 8 West Street North Sydney NSW 2060

GD Wood, FCA #18237 Holder of a current Public Practice Certificate Partner North Sydney, 7 February 2017

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE AUSTRALIAN SECURITY INDUSTRY ASSOCIATION LIMITED Scope We have audited the accompanying financial report of Australian Security Industry Association Limited (the company) which comprises the statement of financial position as at 30 June 2016 and the statement of comprehensive income, statement of changes in equity and statement of cash flows for the year then ended, notes comprising a summary of significant accounting policies and other explanatory information and the directors’ declaration.

Director’s Responsibility

Chris Luhrmann Director

Crows Nest, 7 February 2017

The directors of the company are responsible for the preparation of the financial report that gives a true and fair view in accordance with Australian Accounting Standards and the Corporations Act 2001 and for such internal control as the directors determine is necessary to enable the preparation of the financial report that is free from material misstatement, whether due to fraud or error.

Auditor’s Responsibility Our responsibility is to express an opinion on the financial report based on our audit. We conducted our audit in accordance with Australian Auditing Standards. These Auditing Standards require that we comply with relevant ethical requirements relating to audit

18

ABN 91 000 813 365 | ASIAL 2016 Annual & Financial Report

ASIAL FINANCIAL REPORT 2016 engagements and plan and perform the audit to obtain reasonable assurance about whether the financial report is free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial report. The procedures selected depend on the auditor’s judgement, including the assessment of the risks of material misstatement of the financial report, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation of the financial report that gives a true and fair view in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the directors, as well as evaluating the overall presentation of the financial report.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Independence In conducting our audit, we have complied with the independence requirements of the Corporations Act 2001.

The accompanying notes form part of these financial statements.

Audit Opinion In our opinion the financial report of Australian Security Industry Association Limited: (a) is in accordance with the Corporations Act 2001, including: (i) giving a true and fair view of the company’s financial position as at 30 June 2016 and of its performance for the year ended on that date; and (ii) complying with Australian Accounting Standards and the Corporations Regulations 2001; and (b) complies with the requirements of Part 3 of Chapter 8 of the Fair Work (Registered Organisations) Act 2009. (c) is properly prepared on the going concern basis of accounting.

Foster Raffan Chartered Accountants Level 6, 8 West Street North Sydney NSW 2060

GD Wood, FCA #18237 Holder of a current Public Practice Certificate Partner North Sydney, 7 February 2017

19

ASIAL FINANCIAL REPORT 2016 STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 JUNE 2016 Note Revenue – operating – investment Expenses directly related to operating activities Employee expenses Depreciation Other expenses PROFIT BEFORE INCOME TAX Income tax expense PROFIT FOR THE YEAR Other comprehensive income TOTAL COMPREHENSIVE INCOME FOR THE YEAR

20

2 2 3 10 4 5

16

2016 $ 2,484,497 108,411 (707,940) (1,273,919) (43,961) (482,676) 84,412 84,412 84,412

2015 $ 2,226,342 112,101 (495,005) (1,191,720) (43,573) (489,627) 118,518 118,518 118,518

ABN 91 000 813 365 | ASIAL 2016 Annual & Financial Report

ASIAL FINANCIAL REPORT 2016 STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 30 JUNE 2016 Note

2016 $

2015 $

6 7 8

2,188,935 400,545 106,582 2,696,062

2,022,008 183,515 97,099 2,302,622

10

2,608,975 2,608,975 5,305,037

2,665,808 2,665,808 4,968,430

CURRENT LIABILITIES Trade and other payables Employee provisions Centre for Compliance fund TOTAL CURRENT LIABILITIES

11 12 13

1,720,955 128,822 17,577 1,867,354

1,470,355 129,001 17,577 1,616,933

NON CURRENT LIABILITIES Employee provisions TOTAL LIABILITIES

12

2,316 1,869,670

542 1,617,475

3,435,367

3,350,955

3,150,325 285,042 3,435,367

3,065,913 285,042 3,350,955

CURRENT ASSETS Cash and cash equivalents Trade and other receivables Other current assets TOTAL CURRENT ASSETS NON-CURRENT ASSETS Property, plant and equipment TOTAL NON-CURRENT ASSETS TOTAL ASSETS

NET ASSETS EQUITY Retained earnings Reserve TOTAL EQUITY

The accompanying notes form part of these financial statements.

1(0)

21

ASIAL FINANCIAL REPORT 2016 STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 JUNE 2016

Balance at 1 July 2014 Comprehensive income for the year Property revaluation surplus Balance at 30 June 2015 Comprehensive income for the year Balance at 30 June 2016

22

Retained Earnings $ 2,947,395 118,518 3,065,913 84,412 3,150,325

Property revaluation reserve $ 50,658 234,384 285,042 285,042

Total $ 2,998,053 118,518 234,384 3,350,955 84,412 3,435,367

The accompanying notes form part of these financial statements.

ASIAL FINANCIAL REPORT 2016 STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2016 Note CASH FLOW FROM OPERATING ACTIVITIES Receipts from members and others Payments to suppliers and employees Interest received Net cash generated from operating activities

2 16

CASH FLOW FROM INVESTING ACTIVITIES Movement in property, plant & equipment Net cash (used in) investing activities CASH FLOW FROM FINANCING ACTIVITIES Payment from Centre for Compliance Fund Net cash (used in) financing activities

13

NET INCREASE IN CASH HELD Cash and cash equivalents at the beginning of the financial year CASH AND CASH EQUIVALENTS AT THE END OF THE FINANCIAL YEAR

The accompanying notes form part of these financial statements.

6

2016 $

2015 $

2,539,896 (2,554,984) 54,654 39,566

2,249,265 (2,224,801) 63,987 88,451

127,361 127,361

(81,507) (81,507)

-

-

166,927

6,944

2,022,008

2,015,064

2,188,935

2,022,008

23

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2016 The financial statements are for Australian Security Industry Association Limited (the company) as an individual entity incorporated and domiciled in Australia. The company is limited by guarantee.

(b) Development of New Services Costs of developing new services are expensed as incurred.

(c) Income Tax

1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The company is exempt from income tax as a result of being registered as an employer organisation under the Fair Work (Registered Organisation) Act 2009.

Basis of Preparation The financial statements are general purpose financial statements that have been prepared in accordance with Australian Accounting Standards (including Australian Accounting Interpretations), the Fair Work (Registered Organisations) Act 2009 (the RO Act) and the Corporations Act 2001.

Australian Accounting Standards set out accounting policies that the AASB has concluded would result in financial statements containing relevant and reliable information about transactions, events and conditions.

Material accounting policies adopted in the preparation of these financial statements are presented below and have been consistently applied unless otherwise stated.

The financial statements have been prepared on an accruals basis and are based on historical costs, modified, where applicable, by the measurement at fair value of selected non-current assets, financial assets and financial liabilities.

None of the new standards and amendments to standards that are mandatory for the first time for the financial year beginning 1 July 2015 affected any of the amounts recognised in the current period or any prior period and are not likely to affect future periods.

(d) Cash and Cash Equivalents Cash and cash equivalents include cash on hand, deposits held at-call with banks, other short-term highly liquid investments with original maturities of six months or less, and bank overdrafts. Bank overdrafts are shown within short-term borrowings in current liabilities on the statement of financial position.

(e) Trade and Other Receivables Trade receivables are recognised and carried at the original invoiced amount. A provision for doubtful debts is made when collection of the full amount is no longer probable.

Bad debts are written-off as incurred.

(f) Property, Plant and Equipment Each class of property, plant and equipment is carried at cost or fair value as indicated less, where applicable, any accumulated depreciation and any impairment losses.

Property Freehold land and buildings are shown at their fair value based on periodic, but at least triennial, valuations by external independent valuers, less subsequent depreciation for buildings.

The financial statements were authorised for issue on 7 February 2017 by the directors of the company.

In periods when the freehold land and buildings are not subject to an independent valuation, the directors conduct directors’ valuations to ensure the carrying amount for the land and buildings is not materially different to the fair value.

Accounting Policies (a) Revenue Recognition Members’ and other subscriptions or fees are accounted for on an accrual basis when invoiced and recognised as income in equal monthly amounts over the period to which they apply.

Increases in the carrying amount arising on revaluation of land and buildings are recognised in the revaluation reserve in equity. Revaluation decreases that offset previous increases of the same class of assets are recognised in other comprehensive income and reduce the revaluation surplus in equity. All other decreases are charged to the statement of comprehensive income.

Income in respect of the various activities of the company, with the exception of special events / functions, is recognised when invoiced. Income in respect of special events / functions is recognised when received.

Income received and expenses incurred in advance of activities are recognised when the activity is completed. If a loss is expected, a provision for the likely loss is made as soon as it becomes apparent.

All revenue is stated net of Goods and Services Tax (GST).

24

Any accumulated depreciation at the date of revaluation is eliminated against the gross carrying amount of the asset and the net amount is restated to the revalued amount of the asset.

Office Equipment Office equipment is measured on the cost basis and is therefore carried at cost less accumulated depreciation ABN 91 000 813 365 | ASIAL 2016 Annual & Financial Report

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2016 and any accumulated impairment. In the event the carrying amount of office equipment is greater than the estimated recoverable amount, the carrying amount is written down immediately to the estimated recoverable amount.

A formal assessment of recoverable amount is made when impairment indicators are present (refer to Note 1(i) for details of impairment).

Depreciation The depreciable amount of all fixed assets including buildings, but excluding freehold land, is depreciated over the asset’s useful life to the company commencing from the time the asset is held ready for use. The depreciation rates used for each class of depreciable assets are: Class of Fixed Asset

Depreciation Rate

Buildings – straight line basis

2.5%

Office equipment – diminishing value basis

10% - 66.7%

The assets’ residual values and useful lives are reviewed, and adjusted if appropriate, at the end of each reporting period.

Gains and losses on disposals are determined by comparing proceeds with the carrying amount. These gains or losses are included in the statement of comprehensive income. When revalued assets are sold, amounts included in the revaluation reserve relating to that asset are transferred to retained earnings.

(g) Leases Lease payments for operating leases, where substantially all the risks and benefits remain with the lessor, are recognised as expenses on a straight-line basis over the lease term.

(h) Financial Instruments

Initial recognition and measurement Financial assets and financial liabilities are recognised when the entity becomes a party to the contractual provisions to the instrument. For financial assets, this is equivalent to the date that the company commits itself to either purchase or sell the asset (ie trade date accounting is adopted).

Financial instruments are initially measured at fair value plus transactions costs except where the instrument is classified “at fair value through profit or loss”, in which case transaction costs are recognised in profit or loss immediately.

prices in an active market are used to determine fair value.

In other circumstances, valuation techniques are adopted.

Amortised cost is the amount at which the financial asset or financial liability is measured at initial recognition less principal repayments and any reduction for impairment, and adjusted for any cumulative amortisation of the difference between that initial amount and the maturity amount calculated using the effective interest method.

Financial assets at fair value through profit or loss Financial assets are classified at ‘fair value through profit or loss’ when they are held for trading for the purpose of short-term profit taking, or where they are derivatives not held for hedging purposes, or when they are designated as such to avoid an accounting mismatch or to enable performance evaluation where a group of financial assets is managed by key management personnel on a fair value basis in accordance with a documented risk management or investment strategy. Such assets are subsequently measured at fair value with changes in fair value (i.e. gains or losses) being recognised in profit or loss.

Loans and receivables Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market and are subsequently measured at amortised cost.

Held-to-maturity investments Held-to-maturity investments are non-derivative financial assets that have fixed maturities and fixed or determinable payments, and it is the entity’s intention to hold these investments to maturity. They are subsequently measured at amortised cost.

Financial liabilities Non-derivative financial liabilities (excluding financial guarantees) are subsequently measured at amortised cost.

Impairment At the end of each reporting period, the company assesses whether there is objective evidence that a financial instrument has been impaired. In the case of available-forsale financial instruments, a prolonged decline in the value of the instrument is considered to determine whether an impairment has arisen. Impairment losses are recognised in profit or loss. Also, any cumulative decline in fair value previously recognised in other comprehensive income is reclassified to profit or loss at this point.

Classification and subsequent measurement

Derecognition

Financial instruments are subsequently measured at fair value, amortised cost using the effective interest rate method, or cost. Fair value represents the amount for which an asset could be exchanged or a liability settled, between knowledgeable, willing parties. Where available, quoted

Financial assets are derecognised where the contractual rights to receipt of cash flows expires or the asset is transferred to another party whereby the entity no longer has any significant continuing involvement in the risks and

ASIAL 2016 Annual & Financial Report | ABN 91 000 813 365

25

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2016 benefits associated with the asset. Financial liabilities are derecognised where the related obligations are either discharged, cancelled or expired. The difference between the carrying value of the financial liability, which is extinguished or transferred to another party and the fair value of consideration paid, including the transfer of non-cash assets or liabilities assumed, is recognised in profit or loss.

(i) Impairment of Assets At the end of each reporting period, the entity reviews the carrying values of its tangible and intangible assets to determine whether there is any indication that those assets have been impaired. If such an indication exists, the recoverable amount of the asset, being the higher of the asset’s fair value less costs to sell and value in use, is compared to the asset’s carrying value. Any excess of the asset’s carrying value over its recoverable amount is recognised in profit or loss.

Where the future economic benefits of the asset are not primarily dependent upon the asset’s ability to generate net cash inflows and when the entity would, if deprived of the asset, replace its remaining future economic benefits, value in use is determined as the depreciated replacement cost of an asset.

Where it is not possible to estimate the recoverable amount of an assets class, the entity estimates the recoverable amount of the cash-generating unit to which the class of assets belong.

Where an impairment loss on a revalued asset is identified, this is recognised against the revaluation surplus in respect of the same class of asset to the extent that the impairment loss does not exceed the amount in the revaluation surplus for that class of asset.

(j) Trade and other payables Trade and other payables represent the liability outstanding at the end of the reporting period for goods and services received by the company during the reporting period which remain unpaid. The balance is recognised as a current liability with the amounts normally paid within 30 days of recognition of the liability.

26

(k) Employee Benefits Provision is made for the company’s liability for employee benefits arising from services rendered by employees to the end of the reporting period. Employee benefits that are expected to be settled within one year have been measured at the amounts expected to be paid when the liability is settled. Employee benefits payable later than one year have been measured at the present value of the estimated future cash outflows to be made for those benefits. In determining the liability, consideration is given to employee wage increases and the probability that the employee may not satisfy vesting requirements. Those cash flows are discounted using market yields on national government bonds with terms to maturity that match the expected timing of cash flows.

Contributions are made by the entity to employee’s superannuation funds and are charged as expenses when incurred.

(l) Provisions Provisions are recognised when the entity has a legal or constructive obligation, as a result of past events, for which it is probable that an outflow of economic benefits will result and that outflow can be reliably measured. Provisions recognised represent the best estimate of the amounts required to settle the obligation at the end of the reporting period.

(m) Goods and Services Tax (GST) Revenues, expenses and assets are recognised net of the amount of GST, except where the amount of GST incurred is not recoverable from the Australian Taxation Office (ATO).

Receivables and payables are stated inclusive of the amount of GST receivable or payable. The net amount of GST recoverable from, or payable to, the ATO is included with other receivables or payables in the statement of financial position.

Cash flows are presented on a gross basis. The GST components of cash flows arising from investing or financing activities, which are recoverable from or payable to the ATO, are presented as operating cash flows included in receipts from customers or payments to suppliers.

ABN 91 000 813 365 | ASIAL 2016 Annual & Financial Report

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2016

(n) Comparative Figures Where required by Accounting Standards, comparative figures have been adjusted to conform to changes in presentation for the current financial year.

(o) Critical Accounting Estimates and Judgments The directors evaluate estimates and judgments incorporated into the financial statements based on historical knowledge and best available current information.

Estimates assume a reasonable expectation of future events and are based on current trends and economic data, obtained both externally and within the company.

Key Estimates Impairment The freehold land and buildings were independently valued at 24 July, 2015 by AON Valuation Services. The valuation was based on the fair value less cost to sell. The critical assumptions adopted in determining the valuation included the location of the land and buildings, the current strong demand for land and buildings in the area and recent sales data for similar properties. The valuation resulted in a revaluation increment of $234,384 being recognised for the year ended 30 June, 2015. Together with a revaluation of $50,658 brought forward from 2012, the accumulated reserve came to $285,042 at 30 June 2015 and 2016.

(p) Economic Dependence The company is dependent on being recognised as the peak national body representing the interests of the security industry.

ASIAL 2016 Annual & Financial Report | ABN 91 000 813 365

27

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2016

2. REVENUE

Revenue from operating activities Members’ subscriptions Levies Grants and/ or donations Exhibition, conference and seminars Member marketing fee Cabling providers registrations Magazine Breakfast briefings Grading, seminars and workshops Insurance support Special events Consultancy Strategic partnership Technician certification Statutory compliance WHS income Elearning income Miscellaneous income Total revenue from operating activities Revenue from investment activities Rental income Interest Total revenue from non-operating activities Total revenue from ordinary activities

2016 $

2015 $

1,601,774

10,721 2,484,497

1,572,427 94,655 144,173 86,554 35,989 31,876 46,502 38,548 15,779 68,500 46,738 25,850 8,500 10,251 2,226,342

53,757 54,654 108,411 2,592,908

48,114 63,987 112,101 2,338,443

450,531 42,801 1,434

433,616 41,194 12,305 7,025 494,140

105,573 122,949 146,188 82,838 35,353 33,764 47,105 70,540 79,050 68,500 855 56,097 16,873

6,317

3. EMPLOYEE BENEFITS Office holders Wages and salaries Superannuation Leave and other entitlements Separation and redundancies Other employee expenses Total Employees other than office holders Wages and salaries Superannuation Leave and other entitlements Separation and redundancies Other employee expenses Total Total employee expenses

28

9,650 504,416 664,425 63,100 161

41,817 769,503 1,273,919

610,186 57,930 (977) 30,441 697,580 1,191,720

ABN 91 000 813 365 | ASIAL 2016 Annual & Financial Report

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2016

4. OTHER EXPENSES

Remuneration of auditors Financial statement audit services Other services – interim review

Other services – general advices Administration expenses - Allowances for meetings - Compulsory levies - Consideration to employers for payroll deductions - Information communications technology - Meeting expenses - Office expenses - Travel expenses Affiliation fees Bad debts written off Bank charges Capitation fees

Donations – Total paid that were $1,000 or less Donations – Total paid that exceeded $1,000 Finance costs Grants Industry relations service Industry research Legal costs – litigation Legal costs – other legal matters Marketing expenses Miscellaneous expenses Net loss from sale of assets Penalties via RO Act Total other expenses

2016 $

2015 $

24,000 6,000 1,000 31,000

24,000 6,000 30,000

89,015 2,698 105,318 63,912 260,943 5,000 10,283 -

110,378 7,876 107,690 50,165 276,109 19,848 -

-

-

2,500 123,000 -

120,488 13,624

-

-

7,339 20,835 6,872 14,904 482,676

9,060 3,697 4,563 12,238 489,627

236,396 1,952,539 2,188,935

382,095 1,639,913 2,022,008

5. TAX EXPENSE The company is exempt from income tax from 1 July 2010 as a result of being registered as an employer organisation under the Fair Work (Registered Organisation) Act 2009.

6. CASH AND CASH EQUIVALENTS Current Cash at bank and on hand Short-term bank deposits

$2,127 (2015 $4,239) of the short-term bank deposits are bonds paid to the company by tenants.

ASIAL 2016 Annual & Financial Report | ABN 91 000 813 365

29

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2016

7. TRADE AND OTHER RECEIVABLES

Current Trade receivables Less: provision for doubtful debts

Provision for doubtful debts as at 30 June 2015 Charge for year Written off Provision for doubtful debts as at 30 June 2016

2016 $

2015 $

431,788 (31,243) 400,545

188,515 (5,000) 183,515

5,000 31,243 (5,000) 31,243

10,600 (5,600) 5,000

Credit Risk – Trade Receivables There are no trade receivables in respect of subscriptions prior to 1 July 2015 as they were invoiced only when received. Since 1 July 2015, the revenue from subscriptions changed to an accrual basis when invoiced, hence the increase in trade receivables in the 2016 financial year. The company does not have any material credit risk exposure to any single receivable or group of receivables. The following table details the company’s trade receivables exposed to credit risk (prior to collateral and other credit enhancements) with ageing analysis and impairment provided thereon.

The balances of receivables that remain within the initial trade terms (as detailed in the table) are considered to be of high credit quality.

Gross amount $

Past due and impaired $

Past due not impaired $

Not due not impaired $

<30 days 31-60 days 61-90 days >90 days

173,294 14,526 695 188,515

5,000 5,000

124,511 14,526 695 139,732

43,783 43,783

<30 days 31-60 days 61-90 days >90 days

22,331 362,104 16,302 31,052 431,789

2,295 1,432 4,417 23,099 31,243

14,488 11,885 7,953 34,326

20,036 346,184 366,220

2015

2016

The company does not hold any financial assets whose terms have been renegotiated, but which would otherwise be past due or impaired.

Receivables that are overdue and impaired are covered by the provision for doubtful debts of $31,243.

8. OTHER ASSETS Current Prepayments

30

106,582

97,099

ABN 91 000 813 365 | ASIAL 2016 Annual & Financial Report

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2016

9. KEY MANAGEMENT PERSONNEL REMUNERATION

Short-term employee benefits Salary Annual leave accrued Total short-term employee benefits Post employment benefits Superannuation Total post employment benefits Other long-term benefits Long service leave Total other long-term benefits Termination benefits

2016 $

2015 $

450,531 57,834 508,365

433,616 61,463 495,079

42,801 42,801

41,194 41,194

38,101 38,101 589,267

32,822 32,822 569,095

2,500,000 (1,464) 2,498,536 298,751 (188,312) 110,439 2,608,975

2,500,000 2,500,000 441,016 (275,208) 165,808 2,665,808

10. PROPERTY, PLANT & EQUIPMENT Freehold land and building- at independent valuation – July 2015 Less: accumulated depreciation Office equipment, furniture and fittings – at cost Less: accumulated depreciation Total property, plant and equipment

Movements in Carrying Amounts Movement in the carrying amounts for each class of property, plant and equipment between the beginning and the end of the current financial year: Land & Building $

Office Equipment & Software $

Total $

2015 Balance at the beginning of the year Additions at cost Disposals Revaluation increment Depreciation Carrying amount at end of year

2,267,076 234,384 (1,460) 2,500,000

104,000 117,657 (13,736) (42,113) 165,808

2,371,076 117,657 (13,736) 234,384 (43,573) 2,665,808

2016 Balance at the beginning of the year Additions at cost Disposals Depreciation Carrying amount at end of year

2,500,000 (1,464) 2,498,536

165,808 2,181 (15,053) (42,497) 110,439

2,665,808 2,181 (15,053) (43,961) 2,608,975

ASIAL 2016 Annual & Financial Report | ABN 91 000 813 365

31

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2016

Fair Value Hierarchy The following table provides an analysis of financial and non financial assets and liabilities that are measured at fair value, by fair value hierarchy.

Date of valuation

Level 1 $

Level 2 $

Level 3 $

30 June 2015

2,500,000 2,500,000

-

-

-

-

-

$2,498,536 $2,498,536

-

-

-

-

-

Fair value hierarchy at 30 June 2015 Assets measured at fair value Freehold land and building Total Liabilities measured at fair value Total Fair value hierarchy at 30 June 2016 Assets measured at fair value Freehold land and building Total Liabilities measured at fair value Total

11. TRADE AND OTHER PAYABLES

Current Trade payables Employee liabilities Other current payables Consideration to employers for payroll deductions Legal costs â&#x20AC;&#x201C; litigation Legal cost â&#x20AC;&#x201C; other legal matters Unearned income Events income Cablers registration Membership subscriptions Security Insider advertising Rental income

Financial liabilities at amortised cost classified as trade and other payables

32

2016 $

2015 $

99,399 32,461 91,500

223,360

66,719 31,100 71,609 169,428

43,414 223,137 1,191,309 39,735

116,796 191,542 939,272 14,921 38,396

1,497,595 1,720,955 223,360

1,300,927 1,470,355 169,428

-

ABN 91 000 813 365 | ASIAL 2016 Annual & Financial Report

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2016

12. EMPLOYEE PROVISIONS Office holders Annual leave Long service leave Separation and redundancies Other employee provisions Total Employees other than office holders Annual leave Long service leave Separation and redundancies Other employee provisions Total Total employee provisions Current Provision for employee benefits Non-current Provision for employee benefits Provision for employee benefits Balance at 1 July 2015 Additional provision raised during the year Amounts used Balance at 30 June 2016

57,834 38,101

61,463 32,822

-

-

95,935

94,285

17,029 18,174

17,650 17,608

-

-

35,203 131,138

35,258 129,543

128,822

129,001

2,316

542

129,543 95,474 (93,879) 131,138

118,215 88,141 (76,813) 129,543

17,577 17,577

17,577 17,577

13. CENTRE FOR COMPLIANCE Current Balance at 1 July 2015 Less: expenditure Balance at 30 June 2016

14. SHARE CAPITAL There are no issued shares. The company is limited by guarantee. The liability of each member in respect of liabilities of the company is limited to $100.

15. SEGMENT INFORMATION Segment locations The Company operates in one business and geographical segment being a not-for-profit industry association within the Security Industry throughout Australia.

ASIAL 2016 Annual & Financial Report | ABN 91 000 813 365

33

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2016

16. CASH FLOW INFORMATION Reconciliation of the profit for the year with cash flow from operations: Profit after tax Non-cash items Depreciation Increase / (Decrease) in employee provisions Increase / (Decrease) in doubtful debts Changes in assets and liabilities (Increase) / decrease in trade receivables (Increase) / decrease in prepayments Increase / (decrease) in payables Increase / (decrease) in deferred income (Increase) / decrease in fixed assets Net cash flow from operating activities

2016 $ 84,412

2015 $ 118,518

(85,432) 1,595 26,243

10,464 11,328 (5,600)

(243,273) (9,483) 53,932 196,668 14,904 39,566

(70,767) (52,158) 3,770 60,659 12,237 88,451

17. RELATED PARTY TRANSACTIONS Any person(s) having authority and responsibility for planning, directing and controlling the activities of the company, directly or indirectly, including any director (whether executive or otherwise) is considered key management personnel.

The directors do not receive any compensation from the company other than reimbursement of their travel expenses incurred as directors.

Directors who are members of the company deal with the company on the same terms as all other members unless otherwise stated.

18. FINANCIAL RISK MANAGEMENT The companyâ&#x20AC;&#x2122;s financial instruments consist of deposits with banks and accounts receivable and payable.

The carrying amounts for each category of financial instruments, measured in accordance with AASB 139 as detailed in the accounting policies in Note 1, are as follows: Note Financial Assets Cash and cash equivalents Receivables Total Financial Assets Financial Liabilities Financial liabilities at amortised cost: Trade and other payables (excluding annual leave and deferred income)

6 7

2,188,935 400,545 2,589,480

2,022,008 183,515 2,205,523

11

223,360

169,428

Financial Risk Exposures and Management The main risks the company is exposed to through its financial instruments are credit risk, liquidity risk and market risk relating to interest rate risk.

34

ABN 91 000 813 365 | ASIAL 2016 Annual & Financial Report

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2016

a. Credit Risk Exposure to credit risk relating to financial assets arises from the potential non-performance by counterparties of contract obligations that could lead to a financial loss for the company.

The company’s material credit risk exposures are trade receivables and cash deposited with banks.

The company’s exposure to credit risk arising from trade receivables is dealt with in Note 7.

The company deposits cash only with government guaranteed Australian banks. Cash was with the following banks at the year end: Note ANZ ING Suncorp Rabo Direct CBA Bankwest ME Bank Bank of Queensland Westpac 6

2016 $ 380,235 249,817 201,157 255,067 250,038 97,892 252,445 250,139 252,145 2,188,935

2015 $ 458,980 385,859 259,976 246,704 175,319 245,026 250,144 2,022,008

b. Liquidity Risk Liquidity risk arises from the possibility that the company might encounter difficulty in settling its debts or otherwise meeting its obligations in relation to financial liabilities. The company manages this risk by preparing regular cash flow forecasts and managing credit risks.

The table below reflects undiscounted financial liabilities and cash flows from financial assets that reflect management’s expectation as to the timing of realisation. Actual timing may therefore differ from that disclosed.

Financial liability and financial asset maturity analysis Within 1 year Financial liabilities due for payment

2016 $ 221,233 221,233

Over 5 years

2016 $ 2,127 2,127

2015 $ 4,239 4,239

2016 $ -

2,188,935 2,022,008 400,545 183,515 2,589,480 2,205,523 2,368,247 2,040,334

(2,127)

(4,239)

-

Trade and other payables Total expected outflows Financial assets – cash flows realisable Cash and cash equivalents Trade receivables Total anticipated inflows Net inflow/(outflow) on financial instruments

1 to 5 years

2015 $ 165,189 165,189

Total

2015 $ -

2016 $ 223,360 223,360

2015 $ 169,428 169,428

- 2,188,935 2,022,008 400,545 183,515 - 2,589,480 2,205,523 - 2,366,120 2,036,095

c. Market Risk Interest rate risk Exposure to interest rate risk arises on financial assets and financial liabilities recognised at the end of the reporting period whereby a future change in interest rates will affect future cash flows or the fair value of fixed rate financial instruments.

At the year end all cash deposited as term deposits with Rabobank, Suncorp, ANZ, Bank of Queensland, Westpac, CBA and ME Bank (approximately 78% of cash on deposit) were at fixed interest rates and cash deposited with Rabobank, ING, ANZ, Suncorp and Bankwest was variable rates (approximately 22% of cash on deposit).

ASIAL 2016 Annual & Financial Report | ABN 91 000 813 365

35

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2016

Sensitivity Analysis

A 2% variation in interest rates during the year would have affected profit before income tax for the year by

2016 $ 38,748

2015 $ 35,841

Net Fair Value Fair value estimation The fair values of financial assets and financial liabilities are considered to be equal to their carrying values as presented in the statement of financial position.

19. CAPITAL MANAGEMENT The directors control the capital of the entity to ensure that adequate cash flows are generated to fund its objectives.

Risk management policies are approved and reviewed by the Board on a regular basis. These include credit risk policies and future cash flow requirements.

The entity’s capital consists of retained earnings and revaluation reserve. A significant portion of the company’s net assets consists of cash and cash equivalents. The directors aim to maintain sufficient cash and readily realisable assets to be able to cover 2 years’ operating expenses.

Total equity Cash and cash equivalents

3,435,367 2,188,935

3,350,955 2,022,008

20. INFORMATION TO BE PROVIDED TO MEMBERS In accordance with the requirements of the Fair Work (Registered Organisations) Act 2009, the attention of members is drawn to the provisions of sub-sections (1), (2) and (3) of section 272 which reads as follows: 1) A member of a reporting unit, or the General Manager, may apply to the reporting unit for specified prescribed information in relation to the reporting unit to be made available to the person making the application.

2) The application must be in writing and must specify the period within which, and the manner in which, the information is to be made available. The period must not be less than 14 days after the application is given to the reporting unit.

3) A reporting unit must comply with an application made under subsection (1).

21. COMPANY DETAILS The registered office and principal place of business of the company is 41 Hume Street, Crows Nest NSW 2065.

36

ABN 91 000 813 365 | ASIAL 2016 Annual & Financial Report

ASIAL CODE OF PROFESSIONAL CONDUCT 1

2

3

4

5

6

7

For the purposes of ASIALâ&#x20AC;&#x2122;s Code of Professional Conduct (the Code), Members shall include, as applicable, any of their employees and contractors.

Members shall conduct their activities in a professional and competent manner with respect for the public interest, maintaining the privacy and confidentiality in their dealings, and shall at all times act with integrity in dealing with clients, employees or sub-contractors, past and present, with their fellow Members and with the general public. The objective of the Code is for Members to adopt best practice industry standards.

Members shall not intentionally disseminate false or misleading information, whether written, spoken or implied, nor engage in false, misleading or deceptive conduct or otherwise bring the security industry into disrepute. Members have a duty to maintain truth, accuracy and good taste in advertising and sales promotion.

Members shall not represent conflicting or competing interests except with the express consent of those concerned given only after full disclosure of the facts to all interested parties.

8

9

10

11

12

Members shall refrain from knowingly associating with any enterprise, which uses improper or illegal methods for obtaining business.

13

Members shall not intentionally injure the professional reputation or practice of another Member.

14

Members shall comply with all applicable State and Federal legislation covering security providers and in particular statutory obligations, including but not limited to matters relating to consumer laws, occupational health and safety and workplace relations laws.

ASIAL is to be informed when the Memberâ&#x20AC;&#x2122;s attention has been drawn to any breach by that Member of the Code.

Members shall help to improve the body of knowledge of the profession by exchanging information and experience with fellow Members, participating in industry related programs designed to raise the standard of service delivery, and by applying their special skill and training for the benefit of others.

Members shall refrain from using their relationship with the Association in such a manner as to state or imply an official accreditation or approval beyond the scope of membership of the Association and its aims, rules and policies.

Members shall cooperate with fellow Members in upholding and enforcing the ASIAL Code of Professional Conduct.

Members shall have in place procedures to deal appropriately and promptly with complaints about the provision of its services and actively engage in the resolution of complaints raised via ASIALâ&#x20AC;&#x2122;s Dispute Resolution Policy and Procedure.

Members shall maintain appropriate and accurate records in accordance with all relevant statutory requirements.

Where an alleged breach of this Code is appropriately brought to the attention of ASIAL, then ASIAL will in the first instance raise this matter in writing with the Member. ASIAL will provide the Member with the opportunity to take remedial action, if that is appropriate under the circumstances, or where remedial action should have been but has not been carried out by the Member, then ASIAL is to inform the Member that it will take the appropriate disciplinary action by way of a show cause notice why their membership should not now be cancelled.

The peak body for security professionals

Security Industry House, 41 Hume Street, Crows Nest, NSW 2065 tel: 1300 127 425 | email: security@asial.com.au | web: www.asial.com.au

Supporting members, promoting standards and safeguarding public interests.