The Commonwealth Government Minister for Territories, Fiona Nash, has acted on a recent report delivered by Centium to provide greater protection to online gamblers and the Australian thoroughbred racing industry. The Norfolk Island Gaming Authority exposed Australia's thoroughbred industry to global criticism last year when it granted a national licence to BetHQ – closely linked […]

The Treasury has released TPP16-04: Financial Distribution Policy for Government Businesses. The policy outlines the Government's expectations for the payment of dividends by Government Businesses.  The policy also covers capital repayments, which represent a return of the Government's equity investment. TPP16-04 supersedes the previously issued TPP14-4 and TC14-9.  This revised policy applies to Government businesses […]

The NSW Auditor-General has released her report which found that some NSW Government agencies were not publicly releasing all the required information on contracts with the private sector, nor were they publishing it in a timely manner in line with the Government Information (Public Access) Act 2009 (GIPA Act).   The audit found: some contracts valued at $150,000 […]

Do you have adequate controls in place over your payroll activities?  Do you know who is paid every pay period? Does your outsourced service provider have adequate controls in place over your payroll and employee data?  Do you and/or your service provider maintain adequate records to support payroll processing? A recent, independent review of a […]

Many Governance, Risk and Compliance Managers are now including Work Health and Safety (WHS) audits as a part of their overall audit strategy. But does the audit program provide adequate coverage of critical WHS issues across the organisation? Understanding WHS regulatory requirements, internal systems and WHS risks are fundamental to designing a comprehensive audit program. This is […]

Over the years, the Centium team has assisted many organisations to design, build, implement and maintain effective corporate governance structures. These help coordinate the business rules, relationships, policies, systems and processes used to manage performance, reduce risks, control operations and ensure compliance, all towards achievement of organisational goals and objectives. Situation We were appointed by […]

Usually, corporate investigations are the consequence of some sort of wrongdoing that results in the organisation having to recovery from an undesirable loss or impact such as fraud, reputational damage or regulatory non-compliance. However, sometimes there can be a positive outcome. The following account describes a recent investigation that Centium was asked to undertake where […]

Situation Centium was engaged by a leading NSW Government Agency to undertake an internal audit of the fiduciary controls framework for a smaller business entity in the Cluster, whose corporate and administrative services were transitioned across to the Agency following a restructure. The review formed part of the due diligence process of the Agency for […]

Situation Our client is a medium sized, regionally-based organisation with significant community contact.  The work undertaken by employees has rapidly changed over a short period of time, with many employees now required to work outside normal business hours and on weekends to meet community service deliver expectations. Task We were initially engaged to confirm that […]

Situation           Our client is a medium sized agency that employs a diverse range of occupations, including professionals, managers, para-professionals, administrators and outdoor employees.  Roles were not well defined, which had implications for individual performance and overall corporate governance. Task We were engaged to prepare a full suite of role descriptions for employees across the agency.  […]

The NSW Auditor-General conducted a review of ten NSW universities and has issued his findings as part of his Volume 2 Report. The audit found that NSW universities are generally in a sound financial position and performed well over the past year. However there are emerging financial pressures for universities including uncertainty over the impact of […]