Board committees

Audit and Finance Committee

Our Audit and Finance Committee advises on the quality and integrity of our financial reporting. The committee considers whether appropriate governance, policies and operating processes are in place to identify and manage risk. They oversee and assess our internal audit process, and manage the relationship with our external auditor.

Compliance Committee

The Compliance Committee makes decisions on alleged breaches of the Act, regulations and the Code. The committee determines appropriate enforcement responses, whether settlements should be approved or further investigation undertaken. They make recommendations to our Board regarding the laying of formal complaints with the Rulings Panel and instigation of prosecutions.

Market Operations Committee

The Market Operations Committee oversees the governance, performance and administration of our major contracts, including the System Operator Service Provider Agreement. The committee sets strategic directions and oversees major contract procurement processes and procedures.

Transmission Pricing Methodology Committee

The Transmission Pricing Methodology Committee is a committee of the Electricity Authority Board that advises the Board on policy decisions, issues, and Code amendments relating to the transmission pricing methodology, including approving consultations on proposed amendments.

As part of the Electricity Industry Participation Code, the transmission pricing methodology is a living document that needs to evolve with changes occurring in the electricity sector and with new advancements in technology to better deliver efficient outcomes beneficial to consumers. This committee ensures that these policy changes can occur effectively in response to changes in the sector.