APPOINTMENT OF MEMBERS TO THE COMPANIES AUDITORS DISCIPLINARY BOARD

The Minister for Revenue and Financial Services, the Hon Kelly O’Dwyer MP, has announced the reappointment of Mr Eric Passaris and the appointment of Mr Tony Brain as Members of the Companies Auditors Disciplinary Board (CADB) for a period of three years.

The CADB is an independent statutory body established under the Australian Securities and Investment Commission Act 2001. The primary role of CADB is to act as an expert disciplinary tribunal to consider applications for the cancellation or suspension of the registration of auditors under the Corporations Act 2001.

Mr Passaris is currently a member of the CADB. He is a partner in audit and assurance at Grant Thornton and is a member of the Institute of Chartered Accountants in Australia and New Zealand.

Mr Brain has over 30 years of experience in accounting and audit. He is a former Partner at Deloitte in the Assurance and Advisory practice and has worked as Head of Risk Management at AustralianSuper. He is a member of the Institute of Chartered Accountants in Australia and New Zealand.

These appointments continue the high level of skills and experience available to the CADB, ensuring that the CADB has appropriately qualified members to deal with the differing issues which are raised.