This section details ARTF boards and committees and our corporate governance and management structure which streamline our decision making.
Board of Trustees
The Board of Trustees currently comprises Four serving ARA members and two civilian members. All members of the Board are appointed by the Assistant Minister for Defence and Personnel. The Board is responsible for the management of the Fund in accordance with the Services Trusts Funds Act 1947 and other applicable legislative requirements. The Board oversees all elements of the Fund's activities including policy in regards to fraud control and risk management, protective security matters, work health and safety, information publication and formulation of the ARTF Trustee Manual.
The ARTF has established an Audit Committee as required by rules underpinning the Public Governance, Performance and Accountability Act 2013. The committee provides the Board additional assurance regarding the quality and reliability of financial information used by it and provided to stakeholders pursuant to the ARTF's statutory reporting requirements. The focus of the activities of the Audit Committee is to provide confidence in the credibility and reliability of financial statements and other financial information released to various stakeholders.
While not limiting the scope of assessments, the Audit Committee provides assessments on the maintenance of accounting records, reports to trustees, banking operations and insurance matters business processes. The Committee also reviews risk management and fraud control plans, protective security plans and occupational health and safety issues prior Board approval.