ASIAL Annual Report 2008

ANNUAL & FINANCIAL REPORT 2008

ABN 91 000 813 365

200820082008

M I S S I O N

is a mark of distinction and is valued

We are the leading security association where membership

by the members, public and government.

to support our members,

promote standards

and safeguard public interests.

V I S I O N

President

Vice President

Directors

National Council(in addition to board)

Past President

Auditors

Solicitors/Attorney

Ged Byrnes

Fraser Duff

Arthur Barker (part), Bob BrucePeter Johnson, Kevin McDonaldTom Roche, Antony ElliottChris Luhrmann (part)

Neville Kiely, Malcolm WolfeBill Whalley, Paul Corson

Antony Elliott

Foster Raff an

Alexander & Associates

Board of Directors Secretariat

Chief Executive Offi cer

Manager, Membership

Finance & Administration Offi cer

Cabling & Compliance Offi cer

Marketing & Business Development Offi cer

Membership Marketing Offi cer

Website & Database Co‑ordinator

Acting Membership Offi cer

Membership Co‑ordinator

Membership Assistant

Membership Development Co‑ordinator

Accounts Assistant

Bryan de Caires

Tania Laird

Fran Meem

Richard Rolls

Belinda Harris

Belinda Allen

Nadine Keady

Alia Moroff

Aleisha Collis

Katrina Campbell

Laraine Sutton, QLD

Vesna Kovac

Consultants

Monitoring Centre Certifi cation Inspection

Industrial Relations

Special Consultant

Regulatory Aff airs Advisor (QLD)

ATSC

Chris Delaney

Damien Smith

Terry Bennett

President’s Message ............................................................ 3

Secretary’s Report ................................................................ 5

The Year in Review ............................................................... 7

Local Reports ...................................................................... 12

Directors’ Profi les ............................................................... 14

Directors’ Report ................................................................ 16

Directors’ Declaration ....................................................... 18

Auditors’ Report ................................................................. 19

Income Statement ............................................................ 20

Balance Sheet ..................................................................... 21

Cash Flow Statement ....................................................... 22

Notes to the Financial Statements ............................... 23

Contents

is a mark of distinction and is valued

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“In 2009, the Association will mark its 40th anniversary - a major achievement. From its humble beginnings in 1969, the Association has grown to become a professional and invaluable resource for the security industry.”

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It is my pleasure to introduce you to the Australian Security Industry Association’s

2008 Annual report. Over the year the Association has further consolidated its

position as the industry’s premier national representative body and has enjoyed

encouraging membership growth.

In preparing this report and revisiting the activities of the Association over the

past year, I am reminded of the hundreds of voluntary hours provided by the

various Branch Chairmen and their working group members, special interest

group convenors and members, along with those representing the Association on

the various security industry councils. These volunteers in partnership with our

Secretariat are the foundation of our Association and continue to drive it forward.

As a result of prudent fi nancial management and the continued strong fi nancial

performance of the Association over the period, your board has been able to

recommend that membership fees remain unchanged for the 2008‑2009 year.

This is the second consecutive year that membership fees have been held steady,

despite strong infl ationary pressures.

During the course of the year we embarked on, for the fi rst time, a national public

awareness campaign designed to promote the use of ASIAL member companies

and to reinforce the need for consumers to always use an appropriately licensed

security provider.

At the time of writing, approximately 1,000 television and radio advertisements

have been aired at a cost of over $250,000. The campaign has reached a national

audience of more than 10 million across major metropolitan and regional areas.

So from Cairns to Launceston, Gympie to Bunbury, Wagga to Wollongong the

ASIAL message is being spread.

The success of this industry marketing program will depend on continuity and

ongoing reinforcement. To ensure this happens, the Association has established

an annual consumer awareness budget. To supplement this budget, a $50

marketing levy will be placed on each member for use solely on promoting the

industry to consumers.

In 2007, as part of its investigation into organised crime, the Australian Crime

Commission (ACC) released the publication Organised Crime in Australia. With

organised crime estimated to cost the country in excess of $10 billion each year, the

publication examines the emerging issues and trends relating to organised crime,

how it aff ects the Australian community and the collective eff orts being made by

law enforcement agencies in disrupting and dismantling these criminal entities.

MessagePresident’s

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PRESIDENT’S MESSAGE

The acceptance and inclusion of approved industry

associations as part of the regulatory mix is an encouraging

development.

In 2009, the Association will mark its 40th anniversary ‑ a major

achievement. From its humble beginnings in 1969, the

Association has grown to become a professional and

invaluable resource for the security industry.

As we celebrate this milestone over the coming year, we

will continue to provide representation for the industry

and to provide you with an ever growing array of products

and services to help your business grow.

In closing I would like to give my thanks and gratitude for

the continued contribution and eff ort exerted by the ASIAL

team led by CEO Bryan de Caires, my fellow directors,

Branch Chairmen special interest and working groups,

without whom the continued success and growth of this

association would not be possible.

Ged Byrnes

President

A strong and professional private security industry has

become a critical component of Australia’s national security

mix. As the peak security industry body, ASIAL has played

a pivotal leadership role in helping to professionalise

the industry through a range of initiatives such as the

investment of more than $1 million on its compliance

program and the launch of the Centre for Compliance.

ASIAL provided the ACC with the opportunity to address

members across the country to assist in their review,

along with promotional support of the initiative through

the ASIAL web site, First Alert newsletter and Security

Insider magazine.

Whether real or perceived, the opportunity for infi ltration

of the security industry by criminal elements is of genuine

concern to the industry. The very inference damages the

industry’s reputation and credibility.

It is hoped that a key outcome of the ACC investigation will

be to substantiate and analyse the scope and extent of the

problem facing the security industry from organised crime.

Once this has been completed, government and industry

can work together to develop strategies to combat any

vulnerabilities identifi ed to target‑harden the industry in

future years. In this regard, ASIAL stands willing at any time

to provide input and assistance in the process.

Just as the Association has supported this initiative, it

has also played a prominent leadership role through its

participation on the various security industry councils

and advisory groups that have been established around

the country.

Our Industry is controlled across Australia by a multitude

of Acts and Regulations, administered across six states

and two territories by a variety of regulatory agencies.

The recent announcement by the Council of Australian

Governments (COAG) to adopt a nationally‑consistent

approach to the regulation of the industry is a pleasing

development. The ongoing development in regulation

and licensing schemes unfolding in the states is off ering

greater uniformity and consistency than ever before.

“As the peak security industry body, ASIAL has played a pivotal leadership role in

helping to professionalise the industry...”

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PRESIDENT’S MESSAGE

The past year has been another busy and productive one for the Association. Through careful fi nancial management our expenditure levels have been tightly controlled and contained. As a result, I am pleased to advise that the Association generated a surplus of $12,551 for the year.

The national consumer awareness campaign launched in September 2007 represented an investment of over $250,000 by the Association in its members. Further resources were invested in the Association’s national membership team to further expand and improve the services and benefi ts provided to members.

A signifi cant investment has also been made to further enhance the Association’s website and electronic newsletter First Alert. The aim being to consolidate our online presence.

Membership income remained steady, due primarily to the decision not to increase membership fees in line with CPI. However, revenue generated from new member aquisition grew by 66% compared with the previous year.

Income from the Association’s annual conference and dinner was strong, whilst investment income rose 25%. Revenue from branch functions grew 83% for the year, whilst Security Insider magazine continues to perform well.

The Association has a solid fi nancial platform from which it can grow and expand. Looking forward, the Association is exploring the purchase of a building to house the Secretariat and to provide an additional revenue stream through tenanted offi ce space.

I would like to acknowledge the support of the ASIAL Board and the Branch Chairmen over the past year. I would also like to recognise the contribution of ASIAL’s loyal Secretariat team for all of their hard work over the past year.

Bryan de Caires

Secretary

ReportSecretary’s

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Membership Revenue Growth 2003-2008

Growth in Reserves 1999-2008

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SECRETARY’S REPORT

“...the Association continues to play an active role in representing the interests of members through participation on security industry councils in NSW, VIC and WA, along with numerous industry liaison and advisory groups across all states and territories.”

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Building on this, a major focus for the Association over the year was the launch

of a national marketing awareness campaign. This is the first time that the

Association has been in a position to fund and implement a national campaign to

promote its members.

The extensive campaign featured broadcaster and journalist Bob Hughes, who has

been on air in Sydney for 21 years, including commercial stations such as 2WS‑FM

and 2‑Day‑FM and the ABC’s respected radio outlet 702AM.

The adverts, aired in metropolitan and regional areas, urge consumers to

always use appropriately licensed security personnel and to ensure that they

were members of ASIAL. Among the television and radio stations to broadcast

the adverts included: Television ‑ Channel 7, Channel 9, Prime Canberra and

Southern Cross Hobart. Radio ‑ 2UE Sydney, 3AW Melbourne, 4BC/4BH Brisbane,

5AAA Adelaide, 6PR/6IX Perth, Heart FM Hobart, HOFM Hobart, Heart FM

Launceston, 4CA Cairns, 4TO Townsville, 2WG Wagga Wagga, Star FM Dubbo, 3BG

Bendigo, 6TZ Bunbury, Mix 104.9 Darwin, ZINC 96.1 Gympie, 2CA 105.3 Canberra,

2CC Canberra.

The adverts were also made available through the Association’s website.

Another primary focus for the Association over the year under review has been its

participation and input in the regulatory reform process taking place around the

country. As each State and Territory conducts reviews of their respective regulatory

regimes, we have been faced with amending legislation, new regulations and

changed requirements. The Association has been kept busy over the year responding

to members’ needs across the country. Some of the issues addressed include:

Providing assistance to NSW members to comply with new classification �

requirements for licence holders;

explaining the requirement for operators in Victoria to undertake Continuing �

Professional Development to meet their licensing requirements;

informing members of their compliance implications under the Anti‑Money �

Laundering and Counter Terrorism Funding legislation administered by AUSTRAC;

notifying security operators in Queensland of new provisions in the � Security Providers Act which requires security equipment installers, security advisors

and security firms to be licensed.

The success of the Security 2007 Conference & Exhibition held in July marked the start of another productive year for the Association. The event generated unprecedented media coverage and placed the industry firmly and squarely in the national spotlight.

in ReviewThe Year

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THE YEAR IN REVIEW

www.asial.com.au � ‑ the ASIAL web site continues to

establish itself as the authoritative online portal for

the security industry in Australia. The site undergoes

continual development and enhancement to ensure

that it remains relevant and easy to use.

Online newsletters � ‑ the Association’s monthly email

newsletter, First Alert, has recently undergone a major

makeover. As subscribers grow, the newsletter has

become an increasingly important means of providing

timely updates on issues of local and national importance.

Breakfast briefings � ‑ the quarterly breakfast functions

conducted by the Association continue to attract

growing attendance levels, with more than 1500

participants attending functions over the past year.

Presenters have included The NSW Minister for Police,

The Hon David Campbell, The Queensland Attorney

General, The Hon Kerry Shine, representatives from

the Australian Crime Commission, AUSTRAC, State

and Territory Police Forces, industry regulators and

government procurement officers. The briefings provide

an excellent opportunity for members to be briefed

face‑to‑face on a range of issues affecting their business.

Branch Working Groups and Special Interest �

Groups ‑ the strong support received from members

on the various Branch Working Groups and Special

Interest Groups reflects the passion and commitment

of many of our members. These groups have continued

to meet and contribute to the important work of

the Association, participating on a range of issues,

including code and protocol development, training

requirements, local liaison groups and councils, and a

variety of submissions.

In addition, the Association continues to play an active

role in representing the interests of members through

participation on security industry councils in NSW, VIC

and WA, along with numerous industry liaison and

advisory groups across all states and territories. Through

representation on various Australian Standards Committees

and submissions to various government reviews, the

Association has also made a significant contribution to the

further development of industry standards.

The Association has held regular briefings with State and

Territory Ministers, Shadow Ministers and industry regulators.

In addition, submissions have been provided in response to

the QLD Regulatory Impact Statement relating to the Security Providers Act; the WA Security & Related Activities (Control) Amendment Bill 2007 and the Australian Crime Commission.

Rarely does a week go by when the Association is

not approached by electronic or print media to make

comment. This is important as it provides valuable

exposure to the community, not only of the Association

but also members.

As additional resources are directed to developing our

public relations strategy, our aim is to maximise and better

leverage media opportunities as they arise on your behalf.

ASIAL membership continues to consolidate as improved and

more specific benefits and services are brought on stream.

Amongst some of the improvements made to services include:

Online jobs and careers resource � ‑ in late 2007 ASIAL

partnered with SEEK to launch a tailored jobs and careers

resource for the security industry offering discounted

rates for jobs posted through the ASIAL portal.

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THE YEAR IN REVIEW

Over the next 18 months additional studies will be

published covering the regulation of the industry, public

policing relationships, the legal powers of private security

personnel and OH & S issues in the security industry.

Professional development

Through the Centre for Compliance a range of tailored

courses have been made available to members. These

include Running a Business in the Private Security Industry and Electronic Security Project Management.

Whilst the uptake of participants undertaking ASIAL’s

Continuing Professional Development (CPD) in Victoria

has been slower than expected, there are signs that some

momentum is now building with a growing number of

enquiries and participants signing up.

As well as courses tailored specifically for the industry,

members have access to a wide range of other subject

areas, including communication skills, compliance and

governance, front‑line management, IT and computing

applications, managing people and business, procurement

and contract management, project management,

recruitment and performance management and self

development. The sophisticated learning management

system has the capacity to allocate, track and report

on CPD points where this is a requirement for licensing

purposes (such as in the case of Victoria).

ASIAL’s professional development program reflects the

Association’s commitment to ongoing learning to improve the

knowledge of licensed security practitioners. The Association

is seeking to build on this and is currently exploring a number

of certification initiatives across a range of activities.

Security Insider � ‑ the Association’s bi‑monthly

publication continues to go from strength to strength,

providing members with articles on topical issues as well

as providing a healthy financial return to the Association.

Publications � ‑ a range of practical new member

publications has been made available this year,

these include:

Fitness for Work template and online tutorial for �

employees and supervisors

Security Officer’s notebook �

Installers’ OH & S plan �

Guarding/Patrol OH & S plan �

Recruitment Selection tools �

Performance Appraisal tools �

Disciplinary Procedures tools �

Research

The 3‑year ARC‑funded benchmark research project

conducted by Rick Sarre, Professor of Law & Criminal

Justice, School of Commerce, University of South Australia

and Professor Tim Prenzler, School of Criminology &

Criminal Justice, Griffith University is progressing well.

Data has been collected from the Australian Bureau of

Statistics and regulatory agencies which is being analysed

in relation to growth patterns and dimensions of security

industries in Australia. The first study to be published over

the coming months will be the growth and trends in the

security industry.

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THE YEAR IN REVIEW

Cabler Services

During the year, the total number of ASIAL registered

cablers fell by 1.36% to 5,138 (30 June 2008). Over

the corresponding period, the number of formerly

transitional‑registered cablers upgrading to full registration

with ASIAL increased from 996 to 1,003.

Nationwide, cabling registrations across all registrars

have experienced small declines or at best, only marginal

growth. The Registrars have continued to express to the

Australian Communications and Media Authority (ACMA)

their concern at this persistent trend.

For its part, the ACMA has embarked on a review of

the operation of the registration system, including the

grace period applicable to renewals submitted after

registration expiry deadlines. The ACMA has also begun

an awareness program promoting the national cabling

regulatory requirements, targeting architects, building

designers and engineers, building owners and managers,

and construction contractors such as electrical, data

and security.

Industrial Relations

The industrial relations landscape has changed

dramatically over the past year with the change of Federal

government. ASIAL’s Industrial Relations advisory service

provided through Chris Delaney has provided members

with guidance during this period of change.

During the course of the year the Association has

responded to more 3,000 member enquiries relating to

industrial relations issues, represented members at over

45 State and Federal tribunal hearings and mentions,

meetings with Unions, the Workplace Ombudsman,

Department of Workplace Relations and the Workplace

Authority. As we attempt to interpret new legislation and

the effects this will have on our members, the role we

provide will only grow.

Over the past year we have seen:

The implementation of a national industrial relations �

system bringing incorporated companies into the

Federal system and leaving unincorporated companies

in the state systems;

Changes to minimum employment standards causing a �

wholesale change to the calculation of sick and annual

leave entitlements;

The abolition by the Rudd government of AWAs �

and the introduction of another ‘no disadvantage

test’. Thousands of AWAs are yet to be assessed for

fairness and most will fail ‑ creating huge exposure to

underpayment of wages claims.

What we now face includes:

Participation in Award Modernisation in an attempt to �

create one national award from the 20+ awards which

regulate our industry’s workforce across Australia;

Changes to unfair dismissal laws affecting all �

employers, but directly affecting those with less than

100 employees and more than 15 employees;

The introduction of new national minimum �

employment standards affecting all employees;

The prospect that States will hand over industrial �

relations responsibilities for unincorporated businesses

to the federal system.

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THE YEAR IN REVIEW

Australian Communication and Electrical Alliance (ACEA)

ACEA is a forum of industry participants established to

provide a co‑ordinating role for cabling Standards and the

advisory arm of the former Australian Communications

Industry Forum (ACIF, now known as the Communications

Alliance), with the practical operations of the five

accredited registrars.

ACEA has taken on a number of roles including the

Standards development work of the Cabling Advisory

Group (CAG), previously with ACIF, and the brief of the

former Cabling Industry Committee (CIC), of which ASIAL

was a founding member, which has over a number of years

worked to develop industry codes and a skills maintenance

program for the cabling sector.

Earlier this year, ASIAL became a member of ACEA, and

gained a place on the ACEA Board. An early activity for

ASIAL in this role will be to assist in the development and

implementation of the skills maintenance program, which

is currently under consideration by ACMA as a mandatory

initiative (tied to registration). Previously the CIC had

negotiated unsuccessfully with ACMA to deliver the

program as a voluntary endeavour.

Measures are also in train for registrars to begin recognising

two new registration endorsements for the Open category.

Commonly known as ‘Cable Tester’ endorsements, these

will be made available to registered cablers who supply

documentary evidence of having completed an approved

training course in the testing of Structured and Optical

Fibre cabling installations. ASIAL intends to adopt the new

endorsements as soon as practicable.

Disciplinary Matters

ASIAL’s Disciplinary Committee met twice during the

course of the year to address a range of issues and to

put forward recommendations to the ASIAL Board for

consideration.

Electronic

The past year has been another busy one for ASIAL’s

National Electronic Security Special Interest Group, which

is led by its convenor, Neville Kiely. Among the issues

addressed include participation in the review and rewrite

of AS 2201.1:2007; AS 2201.5:2008 and the review in

progress of AS 2201.2:2004.

The group is also currently developing consumer Guideline

documents covering the connection of smoke detectors

to existing monitored electronic security systems and the

compilation of a general information document re the

entire AS 2201 Intruder Alarms Standard.

Significant effort has been invested in liaising with

emergency service providers across the country with

regard to alarm response policies and the development of

a National Protocol for Vehicle Alert Escalation to Police.

The group has also provided input into minimum standards

for CCTV surveillance in licensed clubs, hotels and related

licensed premises in NSW and the South Australian

Metropolitan Fire Service false fire alarm user‑pays policy.

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THE YEAR IN REVIEW

South Australia

Through negotiations with the South Australian Metropolitan �Fire Service, ASIAL worked through a number of issues relating to a change to procedures for privately monitored fi re alarms. This includes agreement by SAMFS to a transitional 3 month introductory period.

ASIAL has participated at bi‑annual Security Industry �Consultation Group meetings organised by the Offi ce of Business and Consumer Aff airs.

Victoria

ASIAL through its President, Ged Byrnes has been an active participant on the Victorian �Security Industry Advisory Council. ASIAL representatives have also provided leadership through participation on the various VSIAC sub‑committees.

ASIAL has continued to off er tailored professional development courses and materials for �members in Victoria to meet their Continuing Professional Development requirements.

In late June the Association provided advertising and editorial support for the security �careers supplement that appeared in the Herald Sun newspaper.

In September 2007, under the auspices of Reframing the Future (an initiative of �the Council of Australian Governments), ASIAL provided support to the Eff ective Networking ‑ Industry Training Networks initiative.

WA

Through the Alarm Response Working Group (of which ASIAL is a member), �signifi cant progress has been made with WA Police and other emergency services in developing a response to manage alarm response issues, including reducing the number of false alarms.

The Minister for Police, The Hon John Kobelcke announced the establishment �of the WA Security Industry Advisory Council. ASIAL is represented on the Council through its branch Chair, Arthur Barker. The Council is working through a raft of issues, including an industry code of conduct.

State and Territory Update

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STATE AND TERRITORY UPDATE

Australian Capital Territory

Discussions have been held with the Australian Federal Police �to develop a closer working relationship with the industry.

New South Wales

After a wait of two years the Security Industry Regulation 2007 was released in August 2007. �Requirements included the need for all licensed operatives to re‑apply for their licence under revised categories and for additional training upgrades in specialist categories.

The introduction of the new licensing requirements has resulted in the suspension of over �7,500 licences and a reduction in the number of entrants into the Industry.

In September, the Minister for Police, The Hon David Campbell announced the �re‑establishment of the NSW Security Industry Council with the appointment of 12 Council members. ASIAL is represented on the Council through its CEO.

The year has seen a strengthening of the relationship between the industry and the NSW �Police which has enabled a more collaborative partnership to be developed.

ASIAL through the NSW ITAB has applied for the electronic security traineeship entry level �requirement to be reduced to 16 years to allow year 10 entry. This is an important ASIAL initiative, designed to develop genuine training and career paths within this area of the Industry, is nearing fruition.

Queensland

ASIAL has played an active role in lobbying the Queensland government to ensure that changes to the Security �Providers Act meet industry needs. The introduction of a broader licensing regime and the comprehensive probity checking of those working in the industry will mark a signifi cant turning point for the security industry in Queensland.

ASIAL has conducted an extensive campaign to promote the new security licensing requirements in �Queensland, including a direct mail and email campaign, printed A3 posters distributed to security wholesalers and suppliers, and hand outs on what the changes will mean.

ASIAL has been represented on numerous committees and interest groups, including the Police & Security �Industry Advisory Committee.

During the year Terry Bennett, a former Group General Manager of Group 4 (now ISS) and former Chair of ASIAL’s �Queensland Branch, took up the position of Regulatory Aff airs Advisor for Queensland. The position provides the Association with a local representative who can liaise with government and unions on a range of industry issues.

Tasmania

The Association has enjoyed improved interaction with the Tasmanian Police �thanks to the participation of Inspector Michael Grant at our breakfast meetings.

The Association has approached the Police Commissioner requesting a �representative from the security industry participate on the Crime Prevention and Community Safety Council.

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STATE AND TERRITORY UPDATE

Bryan de Caires ‑ Chief Executive Offi cer & Secretary

Bryan has over 20 years business management experience. His early career was as a senior editor with Euromoney Publication Plc ‑ the leading global fi nance and business publisher based in London.

In 1990 he moved to Australia to take up a position as General Manager of AIC (later renamed Terrapinn) ‑ a business media company. In 1997 he was appointed Managing Director of the company’s exhibition business.

In 1999 he joined the Australian Human Resources Institute (the national association representing human resource management professionals) as the national manager responsible for events and professional development. He joined ASIAL as Commercial Services Manager in March 2000. He was appointed Chief Executive Offi cer and Secretary in 2006.

Bryan holds a Bachelor of Honours degree and is also a Director of Crime Stoppers NSW.

Arthur Barker Arthur has over 28 years experience in providing electronic security in both military and civil applications. Formal training in electronics, explosive handling and disposal, computer programming, personnel management, standards implementation,

and data communications as well as a long exposure to physical security provision at the highest levels, provides the experience for solid management and technical expertise.

As a hands‑on director, Arthur liaises directly with all players within the security industry including regulators and end users. He oversees major projects as well as providing consulting expertise in the areas of monitoring solutions, electronic intruder detection systems, closed circuit television systems and personal or asset tracking systems. Arthur represents ASIAL on the West Australia Security Industry Advisory Council.

Bob BruceBob’s career in the security industry has spanned more than a quarter of a century. He began as a plain clothes investigator with the Military Police and became directly involved and worked closely with the Victoria Police Criminal Investigation Branch. Bob joined Mayne Nickless

Ltd as a Security Offi cer and over 20 years ago took up the role of National Security Manager‑ Armaguard. Following the acquisition of Armaguard by Linfox in February 2003, Bob has taken on the role as General Manager, Security, Armaguard. Bob is Chair of ASIAL’s CIT (Cash in Transit Special Interest Group). He is also a founding member of the Crime Stoppers Board of Management in Victoria, recently stepping down from the position of Deputy Chairman after 20 years service and currently holds the title of Life Member.

Ged Byrnes ‑ PresidentGed is a Director of Protection Pacifi c Security, a Melbourne based company, which has been operating since 1992.The Company provides Security Services including Alarm installation, Access control, CCTV, guards and Patrols. The Company also operates its own 24‑hour Control Room.

Ged can draw from a broad range of experience across all facets of the industry and off er an understanding of issues that aff ect ASIAL Members. He has worked in the security industry for 26 years and his experience includes all aspects of design, installation and monitoring of intruder detection systems and associated devices such as access control and CCTV systems.

Ged is a member of the Institute of Security Management and Past Victorian Chairman of ASIAL, a position he held for seven years. He has an Associate Diploma of Security Management and Certifi cate of Security Management. He represented ASIAL on the National Executive Council from 1995‑2002 and represented ASIAL on the Victorian Police Security Liaison Group, Control Room Operators Group and Alarm Response Consultative Committee.

He was re‑elected to the National Executive Council in 2003 and elected as Vice President in 2004. Ged was elected to the position of President in 2006. He presently represents ASIAL on the Victorian Security Industry Advisory Council and is Chairman of the VSIAC electronics committee.

Fraser Duff ‑ Vice PresidentFraser is the Managing Director of Passmore Duff Pty Ltd a corporate risk management advisory and training company. The fi rm has been successfully operating since 1996 and has more recently been recognised for specializing in the development of interactive online safety and security e‑learning

training programs, delivered under their international brand “CARM Training.”

Fraser’s qualifi cations include an MBA from the Australian Graduate School of Management (AGSM), Advanced Diploma in Security Risk Management from (CIT) and Diploma in Adult Education from (UTS).

Fraser is also a counsellor on the main council of NSW Business Chamber formally known as Australian Business Limited (ABL).

Fraser has been a Director of ASIAL since 2000 at which time he established and chaired the National Training Committee for a period of 2 years. In 2002 he was elected to the position of ASIAL Honorary Secretary and since taking on that position established and chaired the ASIAL Investment and Finance Committee up until 2007.

At the 2006 ASIAL AGM Fraser was elected to the position of Vice President of the Association.

Directors’ Profi les

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DIRECTORS’ PROFILES

Kevin McDonaldKevin has been involved in the security industry for over 26 years. His career started with Wormald Security in the 1970s and he has extensive experience in electronic security, sales, contracting, operations and monitoring. He has held sales and operational management positions in a number of

Nationally based security companies and now holds the position of NSW General Manager for the Signature Security Group.

Kevin is currently the New South Wales Branch Chairman, a position he has held since 2000, and is a member of the National Electronic Security Group. Kevin is a licensed security consultant and has a Diploma in Marketing Management.

Tom Roche Tom is the Managing Director of SNP Security, a fourth generation family business, established in 1923, and the largest privately owned security company in Australia.

Tom has worked in the security industry for over 20 years including 18 months

secondment to Securicor in the UK in the early 1990’s. Since assuming leadership of SNP in 1995, he has been responsible for the strategic management and fi nancial performance of the company.

Tom is a current Board Member of ASIAL, and CPSISC (Construction & Property Services Industry Skills Council). In addition, he chaired the Property Services Industry Training Advisory Board NSW (PSITAB) during 2002/03 and reviewed licensing and training requirements for the NSW Security Industry.

Tom has a Bachelor of Arts degree majoring in Economics and also holds a Master of Management degree. He additionally holds a Certifi cate IV in Risk Management.

Antony ElliottAntony was fi rst appointed to the National Executive in 1994. He held the position of NSW Branch Chairman for many years and was Individual Member Division Chairman. He was elected President in 2001 and remained in that position until 2006. He has served on the board as a director since standing down as

President and is committed to assisting with the future direction of the Association. Antony played a crucial role in ensuring industry acceptance of the Cabling Provider Rules and has contributed to preserving the security industry’s interest in this area since. Antony is the Managing Director of E & C Security Systems Pty Ltd, an electronics based security company, where he has been involved with the General Management of the company for over 20 years.

Peter JohnsonPeter Johnson is a security professional of over 30 years standing and a past member of the Victoria Police for 16 years.

Peter brings experience within the Security and associated industries having gained broad industry and commercial experience through holding senior management roles in both the

private and public sectors. Throughout his career, Peter has had extensive training and signifi cant involvement in operational management, personnel management, staff assessment, risk management, investigations, training and recruitment.

Peter’s qualifi cations include: Advanced Diploma in Security (Risk Management), Certifi cate IV in Workplace Training & Assessing, and Certifi cate IV in Investigative Services.

Before joining the private sector, Peter was the Offi cer in Charge Crime Scene Section at the Victorian Police Forensic Science Laboratory, specialising in the collection, examination and evidence presentation for major criminal investigations. During his sixteen and a half years with the Police service, Peter also performed duties within the Communication and Prosecution Divisions and gained considerable experience whilst attached to the Coroner’s Offi ce as Coroner’s Assistant.

Christopher Luhrmann Chris is the founder and principal of SIA Security. He has 20 years’ experience in Law Enforcement and the private security and investigation industries. He has served with the New South Wales and Queensland Police Services, holding positions as an investigator, intelligence analyst/offi cer, offi cer in charge

and team leader in both local and specialist squads. Since 1990, he has been involved in specialist weapons and tactical teams and has trained police in fi rearms and operational skills and tactics. He is also a qualifi ed electrical technician experienced in the use, installation, and repair of security and electronic equipment.

He is Chairman of ASIAL’s Queensland Branch, a position he has held since 2006.

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DIRECTORS’ PROFILES

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Australian Security Industry Association Limited ABN 91 000 813 365

Your directors submit this report for the year ended 30 June 2008. 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 in the Annual Report.

Director

Arthur Barker (ceased 7 March 2008)

Robert Bruce

Ged Byrnes

Fraser Duff

Antony Elliott

Peter Johnson

Christopher Luhrmann (appointed 8 March 2008)

Kevin McDonald

Thomas Roche

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 within the Australian Security Industry.

No significant change in the nature of this activity occurred during the year.

Employees

The company employed 12 employees as at 30 June 2008 (2007: 13 employees).

Operating Results For The Period And Review Of Operations

The Association earned a net surplus for the year of $12,551 (2007: $1,455,891). The Association’s reserves rose to $2,113,415.

The Association remains committed to its policy of reinvesting a significant proportion of prior year surpluses into improving services to members nationally and promoting the use of member companies by consumers, whilst directing the balance in building reserves for when they are needed.

The investment of $250,000 on the national consumer awareness campaign is evidence of this.

Over the past year continued improvements have been made to the Association’s communications channels. This included a major overhaul of the ASIAL web site and further enhancements to the electronic newsletter service, First Alert. Additionally, resources have been directed towards local branch functions which has resulted in improved levels of attendance and participation by members.

An ongoing priority over the past year has been the resolution of long‑standing compliance issues involving ASIAL members. This has resulted in a number of members being terminated or expelled from the Association.

The significant fall in gross overall revenue from last year can be explained by the sale of the exhibition and the loss of revenue from exhibition stand sales. When the revenue generated from the exhibition is excluded, income from all other activities was up just over 7% for the year.

Total expenses for the year rose 7.4%, a key component of this increase was the $250,000 investment in the national awareness campaign.

Significant Changes In The State Of Affairs

No significant change in the state of affairs of the Company occurred during the financial year.

Significant Events After Balance Date

No significant events have taken place after the balance date.

Likely Developments And Expected Results

The Directors have budgeted on a small surplus for the coming year. Depending on the results of non‑mutual activities, tax may again be payable.

Over the coming year the Association will explore the possibility of purchasing a property to accommodate the needs of the Secretariat and to provide an ongoing revenue stream from tenants.

The Association is planning to build on the consumer awareness program launched in 2007, to further consolidate the message to always use a licensed security professional, and to ensure that they are a member of the Association.

Ongoing support as an industry partner will be provided to the benchmark research into our industry, which will conclude over the next year.

Compliance continues to be a key focus for the Association, with a range of initiatives planned. The balance in the fund established for the Centre of Compliance is expected to be sufficient to cover this. The Association continues to benefit from the support of AON and Liberty in raising standards and the compliance monitoring of members.

Directors’ Report

DIRECTORS’ REPORT

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The Association’s obligations under State legislation for compliance and continuing professional development have been provided for in the budget.

The Association is exploring opportunities to develop industry certification and assessment schemes across a range of sectors to further raise levels of professionalism.

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 $6,140, 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.

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.

No Director has received or become entitled to receive, during or since the end of financial year, a benefit because of a contract made by the company or a related body corporate with the director, a firm of which a director is a member or an entity in which a director has a substantial financial interest.

Directors Meetings

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

Director Attendance at Board meetings

Arthur Barker 3 (4)

Bob Bruce 6 (6)

Ged Byrnes 6 (6)

Fraser Duff 6 (6)

Antony Elliott 6 (6)

Peter Johnson 6 (6)

Chris Luhrmann 1 (2)

Kevin McDonald 6 (6)

Tom Roche 5 (6)

National Council Attendance at Council meetings

Arthur Barker 2 (2)

Bob Bruce 2 (2)

Ged Byrnes 2 (2)

Paul Corson 1 (2)

Fraser Duff 0 (2)

Antony Elliott 2 (2)

Peter Johnson 2 (2)

Neville Kiely 1 (2)

Chris Luhrmann 2 (2)

Kevin McDonald 2 (2)

Tom Roche 2 (2)

Bill Whalley 1 (2)

Malcolm Wolfe 1 (2)

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.

Ged Byrnes Director

Crows Nest, 22nd July, 2008

Fraser Duff Director

DIRECTORS’ REPORT

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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 28 are in accordance with the Corporations Act 2001 and:

(i) comply with Accounting Standards and the Corporations Regulations 2001; and

(ii) give a true and fair view of the company’s financial position as at 30 June 2008 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.

On behalf of the Board

Ged Byrnes

Director

Crows Nest, 22nd July, 2008

Auditor’s Independence Declaration

I declare, to the best of my knowledge and belief that during the year ended 30 June 2008 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

G.D.D. Raffan

Partner

North Sydney, 22nd July, 2008

Directors’ Declaration

Fraser Duff Director

DIRECTORS’ DECLARATION

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Report on the Financial Report

We have audited the accompanying financial report of the Australian Security Industry Association Limited which comprises

the balance sheet as at 30 June 2008 and the income statement, statement of changes in equity and cash flow statement

for the year ended on that date, a summary of significant accounting policies, other explanatory notes and the directors’

declaration.

The directors of the company are responsible for the preparation and fair presentation of the financial report and have

determined that the accounting policies described in Note 1 to the financial statements, which form part of the financial

report, are appropriate to meet the requirements of the Corporations Act 2001 and are appropriate to meet the needs of the

members. The directors’ responsibility also includes establishing and maintaining internal control relevant to the preparation

and fair presentation of the financial report that is free from material misstatement, whether due to fraud or error; selecting

and applying appropriate accounting policies; and making accounting estimates that are reasonable in the circumstances.

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 engagements and plan and perform the audit to obtain reasonable assurance 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 and fair presentation of the financial report 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.

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

In our opinion the financial report of the Australian Security Industry Association Limited is in accordance with the

Corporations Act 2001, including:

(a) giving a true and fair view of the company’s financial position as at 30 June 2008 and of its performance for the year ended

on that date; and

(b) complying with Australian Accounting Standards (including the Australian Accounting Interpretations) and the

Corporations Regulations 2001.

Foster Raffan

Chartered Accountants

G.D.D. Raffan

Partner

Level 6, 8 West Street, North Sydney NSW 2060

22nd July, 2008

Independent Auditors’ Report to Members

AUDITORS’ REPORT

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Note 2008 $

2007 $

REVENUE

Ordinary activities 2 2,407,300 3,005,049

Sale of annual exhibition ‑ 1,171,689

Expenses directly related to operating activities

(excluding salaries)

(623,746) (965,600)

Salaries and related costs (835,105) (808,692)

Overhead expenses (893,206) (799,860)

PROFIT/ (LOSS) BEFORE INCOME TAX EXPENSE 3 55,243 1,602,586

Income tax expense 4 (42,692) (146,695)

NET PROFIT/ (LOSS) 12,551 1,455,891

The accompanying notes form part of these financial statements.

Income Statement for the year ended 30 June 2008

INCOME STATEMENT

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Notes 2008 $

2007 $

CURRENT ASSETS

Cash and cash equivalents 7 2,721,928 2,818,245

Trade and other receivables 8 115,142 117,700

Other 9 74,403 204,247

TOTAL CURRENT ASSETS 2,911,473 3,140,192

NON‑CURRENT ASSETS

Office equipment 10 52,621 56,491

TOTAL ASSETS 2,964,094 3,196,683

CURRENT LIABILITIES

Trade and other payables 11 605,604 768,028

Provisions 12 108,368 195,509

Centre for Compliance fund 13 88,484 100,375

TOTAL CURRENT LIABILITIES 802,456 1,063,912

NON CURRENT LIABILITIES

Provisions 12 48,223 31,907

TOTAL LIABILITIES 850,679 1,095,819

NET ASSETS 2,113,415 2,100,864

EQUITY

Retained profits 14 2,113,415 2,100,864

TOTAL EQUITY 2,113,415 2,100,864

Statement of Changes in Equity for the year ended 30 June 2008

RETAINED PROFITS AT 1 JULY 2007 2,100,864 644,973

NET PROFIT 12,551 1,455,891

RETAINED PROFITS AT 30 JUNE 2008 2,113,415 2,100,864


Balance Sheet as at 30 June 2008

BALANCE SHEET

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Notes 2008 $

2007 $

CASH FLOWS FROM OPERATING ACTIVITIES:

Receipts from members & others 2,054,085 2,478,859

Payments to suppliers & employees (2,333,556) (2,539,053)

NET CASH FLOWS FROM OPERATING ACTIVITIES 17 (279,471) (60,194)

CASH FLOWS FROM INVESTING ACTIVITIES:

Sale of National Exhibition ‑ 1,171,689

Purchase/disposal of plant & equipment (19,939) (30,764)

Interest and dividend received 209,821 168,214

Purchase/disposal of shares 5,163 ‑

NET CASH FLOWS FROM INVESTING ACTIVITIES 195,045 1,309,139

CASH FLOWS FROM FINANCING ACTIVITIES:

Centre for Compliance (11,891) (99,625)

NET INCREASE/ (DECREASE) IN CASH HELD (96,317) 1,149,320

Cash ‑ 1 July 2007 2,818,245 1,668,925

CASH ‑ 30 JUNE 2008 7 2,721,928 2,818,245


Cash Flow Statement for the year ended 30 June 2008

CASH FLOW STATEMENT

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1. Statement Of Significant Accounting Policies

The financial report is a general purpose financial report that has been prepared in accordance with Accounting Standards, Urgent Issues Group Interpretations, other authoritative pronouncements of the Accounting Standards Board and the Corporations Act 2001.

The following is a summary of the material accounting policies adopted by the company in the preparation of the financial report. The accounting policies have been consistently applied unless otherwise stated.

Reporting Basis and Conventions

The financial report has been prepared on the accruals basis and in accordance with the historical cost convention and does not take into account changing money values or, except where stated, current valuations of non‑current assets.

Cost is based on the fair values of the consideration given in exchange for assets.

Accounting Policies

(a) Revenue Recognition

Members’ and other subscriptions or fees are accounted for when invoiced and taken to profit in equal quarterly amounts over the period to which they apply.

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

Income received and expenses incurred in advance of activities are carried in the balance sheet as unearned income and prepayments respectively until the relevant activity is completed, when all the profit is taken up. If a loss is expected, a provision for the likely loss is made as soon as it becomes apparent.

Costs of developing new services are expensed as incurred.

(b) Income Tax

The charge for current income tax expenses is based on the profit from non‑mutual activities for the year adjusted for any non‑assessable or disallowed items. It is calculated using tax rates that have been enacted or are substantively enacted by the balance sheet date.

Deferred tax is accounted for using the balance sheet liability method in respect of temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. No deferred income tax will be recognised from the initial recognition of an asset or liability, excluding a business combination, where there is no effect on accounting or taxable profit or loss.

Deferred tax is calculated at the tax rates that are expected to apply to the period when the asset is realised or liability is settled. Deferred tax is credited in the income statement except where it relates to items that may be credited directly to equity, in which case the deferred tax is adjusted directly against equity.

Deferred income tax assets are recognised to the extent that it is probable that future tax profits will be available against which deductible temporary differences can be utilised.

The amount of benefits brought to account or which may be realised in the future is based on the assumption that no adverse change will occur in income taxation legislation and the anticipation that the economic entity will derive sufficient future assessable income to enable the benefit to be realised and comply with the conditions of deductibility imposed by the law.

(c) 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 three months or less, and bank overdrafts. Bank overdrafts are shown within short‑term borrowings in current liabilities on the balance sheet.

Notes to the Financial Statements for the year ended 30 June 2008

NOTES TO THE FINANCIAL STATEMENTS

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(d) Trade and other receivables

Trade receivables are recognised and carried at original invoice amount less a provision for any uncollectible debts. An estimate for doubtful debts is made when collection of the full amount is no longer probable. Bad debts are written‑off as incurred.

(e) Office Equipment

Office equipment is valued at its cost and reduced by depreciation.

Depreciation is calculated on the straight line basis over the useful lives of the assets to the company. The rates used are 11.25% to 50%.

(f ) Leases

Leases are classified at their inception as either operating or finance leases based on the economic substance of the agreement so as to reflect the risks and benefits incidental to ownership.

Operating Leases

The minimum lease payments of operating leases, where the lessor effectively retains substantially all of the risks and benefits of ownership of the leased item, are recognised as an expense on a straight‑line basis.

Finance Leases

Leases which effectively transfer substantially all of the risks and benefits incidental to ownership of the leased item to the company are capitalised at the present value of the minimum lease payments and disclosed as assets under lease. A lease liability of equal value is recognised

Capitalised lease assets are amortised over the shorter of the estimated useful life of the assets and the lease term. Minimum lease payments are allocated between interest expense and reduction of the lease liability with the interest expense calculated using the interest rate implicit in the lease and charged directly to the Income Statement.

The cost of improvements to or on leasehold property is capitalised, disclosed as leasehold improvements, and amortised over the unexpired period of the lease or the estimated useful lives of the improvements, whichever is the shorter.

(g) Trade and other payables

Liabilities for trade creditors and other amounts are carried at cost, which is the fair value of the consideration to be paid in the future for goods and services received, whether or not billed to the company.

(h) Employee entitlements

Provision is made for employee entitlement benefits accumulated as a result of employees rendering services up to the reporting date. These benefits include wages and salaries, annual leave and long service leave.

Liabilities arising in respect of wages and salaries, annual leave and any other employee entitlements expected to be settled within twelve months of the reporting date are measured at their nominal amounts. All other employee entitlement liabilities are measured at the present value of the estimated future cash outflow to be made in respect of services provided by employees up to the reporting date. In determining the present value of future cash outflows, the interest rates attaching to government guaranteed securities, which have terms to maturity approximating the terms of the related liability, are used.

(i) Provisions

Provisions are recognised when the company 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.

(j) 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. In these circumstances, the GST is recognised as part of the cost of acquisition of the asset or as part of an item of the expense. Receivables and payables in the balance sheet are shown inclusive of GST.

(k) Comparative Figures

When required by Accounting Standards, comparative figures have been adjusted to conform to changes in presentation for the current financial year.

Notes to the Financial Statements for the year ended 30 June 2008 (cont.)


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2008 $

2007 $

2. Revenue Revenue from operating activitiesMembers’ subscriptions 1,170,192 1,092,044Exhibition, conference and seminars 484,886 1,232,359Cabling providers registrations 126,234 130,292Magazine 224,478 234,321Branch meetings 52,956 28,948Grading, seminars and workshops 47,780 35,549Insurance support 50,000 45,091Consultancy 2,800 18,068Miscellaneous income 38,153 20,163Total revenue from operating activities 2,197,479 2,836,835

Revenue from investment activitiesInterest 209,596 167,415Dividend 225 799Total revenue from non‑operating activities 209,821 168,214

Total revenue from ordinary activities 2,407,300 3,005,049

3. Profit Before Income TaxExpensesDepreciation of equipment 19,416 20,125Rent expense on operating lease ‑ minimum lease payments 74,138 69,715Bad and doubtful trade debtors (2,012) 22,801

4. Tax ExpenseThe prima facie tax at 30% (2007: 30%) on profit / (loss) from ordinary activities before income tax differs from the income tax expense as follows:Prima facie tax on profit / (loss) from ordinary activities 16,573 480,776Tax effect of permanent differences:Prima facie tax on profit / (loss) from mutual activities 53,771 10,305Capital profit not subject to income tax ‑ (175,241)Recoupment of prior year losses previously not brought to account ‑ (185,193)Over provision for income tax in prior year (30,024) ‑Deferred tax asset not recognised 2,372 16,048Tax expense 42,692 146,695The components of tax expense comprise:Current tax 72,716 331,888Recoupment of prior year losses ‑ (185,193)Over provision for income tax in prior year (30,024) ‑

42,692 146,695A deferred tax asset of $39,536 (including $37,164 relating to prior years) has not been recognised as it is not probable that future profits will be available against which temporary deductible differences can be utilised.

5. Key Management Personnel CompensationShort term benefits‑ Salary 219,456 187,235‑ Superannuation 19,489 13,837Total 238,945 201,072



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2008 $

2007 $

6. Auditor’s RemunerationRemuneration of the auditors for: ‑ audit of the financial report 14,500 16,800‑ review of cabling registrar activity 2,100 2,100‑ review of the quarterly management accounts 7,500 7,500‑ taxation and other services 11,440 15,530

35,540 41,930

7. Cash And Cash EquivalentsCash at bank and on hand 55,455 30,326Short‑term bank deposits 2,666,473 2,787,919

2,721,928 2,818,245

The landlord has a lien over a short term bank deposit of $15,987 (2007: $15,987) in respect of the premises.

8. Trade And Other Receivables ‑ CurrentTrade debtors 121,702 130,200Less: provision for doubtful debts (30,000) (30,000)

91,702 100,200GST receivable 23,440 17,500

115,142 117,700

9. Other Assets ‑ CurrentPrepayments 74,403 204,247

10. Office Equipment Office equipment ‑ at cost 171,485 153,696Less: accumulated depreciation (118,864) (97,205)

52,621 56,491

11. Trade And Other Payables ‑ CurrentUnearned income ‑

Events income 129,398 338,493Cablers registration 196,996 197,035Membership subscriptions 91,605 61,774Advertising 57,416 26,991

Trade payables 113,351 122,076Sundry payables and accrued expenses 16,838 21,659

605,604 768,028

12. ProvisionsCurrentProvision for staff entitlement 46,900 48,814Provision for income tax 61,468 146,695

108,368 195,509

Non‑CurrentProvision for staff entitlement 48,223 31,907



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2008 $

2007 $

13. Centre For ComplianceMovement in Centre for Compliance fund:Balance at 1 July 2007 100,375 200,000Contribution received ‑ ‑Less: expenditure (11,891) (99,625)Balance at 30 June 2008 88,484 100,375

14. Share CapitalThere 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. Lease CommitmentsOperating lease ‑ premisesPayable ‑ minimum lease payments‑ not later than 6 months 35,688 35,688

The company is required to give 6 months’ notice to vacate the premises.

16. Segment InformationSegment locationsThe Company operates in one business and geographical segment being a not‑for‑profit industry association within the Security Industry throughout Australia.

17. Cash Flow Information Reconciliation of the profit from ordinary activities after tax to the net cash flows from operating activities Profit / (loss) from ordinary activities after tax 12,551 1,455,891

Investment activityInterest and dividend (209,821) (168,214)Sale of assets & shares (771) ‑Sale of annual exhibition ‑ (1,171,689)

Non‑cash itemsDepreciation of non‑current assets 19,416 20,125(Decrease) /increase in employee provisions 14,403 (9,506)(Decrease) /increase in bad debt provision ‑ 10,000

Changes in assets and liabilitiesDecrease / (increase) in prepayments 129,844 7,822Increase / (decrease) in receipts in advance (148,878) (312,876)Increase / (decrease) in trade creditors (13,546) 1,646Decrease / (increase) in trade receivables 8,498 (55,100)Decrease / (increase) in other debtors (5,940) 15,012Increase / (decrease) in income tax provision (85,227) 146,695

Net cash flow from operating activities (279,471) (60,194)



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18. Related Party Disclosures

It is the nature of the organisation to elect directors who are also members of the organisation. These directors deal with the company on the same terms as all other members and do not receive any remuneration.

19. Interest Rate Risk ExposuresThe company’s exposure to interest rate risks and the effective interest rates of financial assets and liabilities, both recognised and unrecognised, at the balance date are as follows:

Financial Instruments

Floating interest rate

Fixed interest rate maturing

in 1 year or less

Non Interest bearing

Total

2008

(i) Financial assets

Cash ‑ 2,666,473 55,455 2,721,928

Trade and Other receivables ‑ ‑ 91,702 91,702

‑ 2,666,473 147,157 2,813,630

Weighted average

Effective interest rate ‑ 7.2% N/A

(ii) Financial liabilities

Trade creditors ‑ ‑ 130,189 130,189

Other creditors ‑ ‑ 475,415 475,415

‑ ‑ 605,604 605,604

Weighted average

Effective interest rate ‑ ‑ N/A

2007

(i) Financial assets

Cash ‑ 2,787,919 30,326 2,818,245

Trade and Other receivables ‑ ‑ 100,200 100,200

‑ 2,787,919 130,526 2,918,445

Weighted average

Effective interest rate ‑ 6.35% N/A

(ii) Financial liabilities

Trade creditors ‑ ‑ 140,335 140,335

Other creditors ‑ ‑ 624,293 624,293

‑ ‑ 764,628 764,628

Weighted average

Effective interest rate ‑ ‑ N/A

20. Company Details

The registered office and principal place of business of the company is Suite 306, Lawson House, 10‑12 Clarke Street, Crows Nest NSW 2065



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ASIAL Professional Code of Conduct

1. Members shall conduct their professional activities with respect for the public interest.

2. Members shall at all times act with integrity in dealing with clients or employees, past

and present, with their fellow members and with the general public.

3. Members shall not intentionally disseminate false or misleading information, whether

written, spoken or implied, nor conceal any relevant fact. They have a duty to maintain

truth, accuracy and good taste in advertising and sales promotion.

4. Members shall not represent confl icting or competing interests except with the

express consent of those concerned given only after full disclosure of the facts to all

interested parties.

5. Members shall refrain from knowingly associating with any enterprise, which uses

improper or illegal methods for obtaining business.

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

another member.

7. If a member has evidence that another member has been guilty of unethical practices,

it shall be their duty to inform the Association.

8. Members shall help to improve the body of knowledge of the profession by

exchanging information and experience with fellow members and by applying their

special skill and training for the benefi t of others.

9. Members shall refrain from using their relationship with the Association in such a

manner as to state or imply an offi cial accreditation or approval beyond the scope of

membership of the Association and its aims, rules and policies.

10. Members shall cooperate with fellow members in upholding and enforcing the code.

www.asial.com.au

Your mark of distinction

Australian Security Industry AssociationABN 91 000 813 365

National Secretariat PO Box 1338, Crows Nest NSW 1585

Phone: (02) 8425 4300 Fax: (02) 8425 4343 Email: [email protected]

ASIAL Annual Report 2008

Documents

Transcript of ASIAL Annual Report 2008