Audit & Risk Committee Recommendations Dated 29 May 2026

Frank Wilkie21:50

Brings us to consideration of committee recommendations. 11.1 Audit and Risk Committee recommendations. 11.1.1 Queensland Audit Office audit committee briefing paper. 11.1.2 pro final report internal audit 2025 QAO interim report recommendations. 11.1.3 report Queensland Audit Office forward recommendations. 11.1.4 internal audit update. 11.1.5 sundry creditors in process improvements risk register. 11.1.6 closing of payroll related actions. 11.1.7 valuation of building leases to external entities. 11.1.8 capability framework and workforce planning. 11.1.9 short-term response. 11.1.10 ICT Cyber Risk Report. 11.1.11 Shell Financial Statements and end of the year financial year update. 11.1.12 financial environment monitoring exceptions and escalation policy. 11.1.13 financial environment exception reporting. PE 30 of April 2026.11.1.14 Queensland audit officers local government report. 11.1.15 technology health check. 11.1.16 fringe benefits tax project. 11.1.17 superannuation on contract payments. 11.1.18 financial services workforce plan update. 11.1.19 risk maturity progress update. 11.1.20 insurance management update. 11.1.21 fraud, corruption and BID update. 11.1.22 Audit and Risk Committee recommendations en bloc. Mover and seconder for the Audit and Risk Committee recommendations to be adopted please. I move. Councillor Wilson. Seconded, Councillor Phillips. All in favour? That's carried. We go to the General Committee recommendations. Peregian Beach active street. Look, I need to declare a prescribed conflict of interest which has been documented and I will leave the meeting room.

Amelia Lorentson250:02

I'm going back a little bit so I'm referring to the audit and risk meeting recommendations that's listed in our report today and there's, wow, a ton of them. 22 reports and significant reports from internal audit reports, from the QAO, from. Gosh. Councillor Lorentson, we were talking about the Financial Performance Report. I am, okay, so I'll make this quick. So in terms of. The risks that have been raised recently in the Audit and Risk Committee, can you give us a quick summary of the main risks and whether any of them could affect our finances or service delivery?

Frank Wilkie251:29

Could you describe the appropriate reporting channels for each the audit and risk and perhaps the Financial Performance Report?

Through the Chair. Through the Audit and Risk Committee as you were aware. Councillor Lorentson when you attended as an observer, a review of the strategic risk register is part of the papers and is part of what is spoken to. That strategic risk register is currently undergoing a review and our appetite statement as well is being reviewed and that will be part of an upcoming briefing workshop with Councillors. So in terms of then how that impacts through to our financial sustainability and our monthly finance report, we don't expressly link the strategic risk register to our monthly finance report. But considering that the first risk on our strategic risk register is financial sustainability, we closely monitor existing controls, future mitigation activities and residual risk ratings. We do preparation or just as a customary practice in preparation for the audit risk meeting. So it's not expressly linked in through to this report, but it is addressed and monitored through that strategic risk register. Okay. Someone can care to recommendation? Move the

Amelia Lorentson240:09

I think you answered my question in referencing a similar question I just asked in the last month's report. I have got a couple other questions, so I'm going to start with in terms of emerging issues and risk. I just note that the report. We have discussed this in workshops, but the report doesn't actually identify what I call an emerging but significant risk. The commonwealth government's announced its intention to move potentially to a 50/50 disaster recovery. And it's a substantial change. At the moment, my understanding is that the commonwealth contributes 65% and Queensland contributes 35%. And when I looked at the numbers on the report and put it into our Noosa context, we have received nearly $18.8 million in disaster recovery grants this year alone against a recovery program budget of $29.3 million, a shift to 50 shift 50 would be significant and the difference is going to have to be absorbed by some of the limits stated by local governments. So can we quantify or do some scenario setting to actually identify what that potentially may mean to a Council our size? Again, in my opinion it's a significant emerging risk that I think we probably need to unpack and understand in a bit of detail. Or be brought through the audit and risking it.