Genetic Signatures

Genetic Signatures Limited – Annual Report 2021 13 Committee. Termination payments: No payment on early termination. Contract is terminable by either party on one months’ notice. Peter Manley Chief Financial Officer Contract term: Ongoing, commenced October 2018 Base salary: $232,635 exclusive of superannuation, to be reviewed annually by the Remuneration Committee. Termination payments: Payment on early termination by the Group, other than for gross misconduct, equal to the base salary plus superannuation for three months. This concludes the remuneration report which has been audited. OPTIONS There were 4,360,000 unissued ordinary shares of the company under option outstanding at the date of this report. During the financial year 1,715,000 new options were issued, 296,250 were exercised, and 337,500 were forfeited. INDEMNIFICATION OF OFFICERS AND AUDITORS Genetic Signatures Ltd paid an insurance premium during the financial year, for Directors’ & Officers Liability insurance cover. 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 if those proceedings. The company’s operations are not regulated by any significant environmental regulation under a law of the Commonwealth or of a state or territory. PROCEEDINGS ON BEHALF OF THE COMPANY No person has applied to the Court under section 237 of the Corporations Act 2001 for leave to bring proceedings on behalf of the company, or to 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 part of those proceedings. 13 Termination payments: N payment on early termination. Contract is terminable by either party on o e months’ notice. Peter Manley Chief Financial Officer Contract term: Ongoing, commenced October 2018 Base salary: $232,635 exclusive of superannuation, to be reviewed annually by the Remuneration C mmittee. Termination payments: Paym nt on early termination by the Group, other than for gross misconduct, qual to the base salary plus superannuation for three onths. This concludes the remuneration report which has been audited. OPTIONS There were 4,360,000 unissued ordinary shares of the company under option outstanding at the date of this r port. During the fi ancial year 1,715,000 new options were issued, 296,250 were exercis d, nd 337,500 were forfeit d. INDEMNIFICATION OF OFFICERS AND AUDITORS Genetic Signatures Ltd paid an insurance premium during the financial year, for Directors’ & Officers Liability insur nc cover. No person has applied for leave of court to bring proceedings on behalf of the company or intervene in any pr c edi gs to which the company is a party for th purpose of t king r sponsibility o behalf of the company for all or any part if those proceedings. The company’s operations are not regulated by any significant environmental regulation under a law of the Commonwealth r of a state or territory. PROCEEDINGS ON BEHALF OF THE COMPANY No person has applied to the Court under section 237 of the Corporations Act 2001 for leave to bring pr ceedings on behalf of the company, or to intervene in any proceedings to which the company is a party for the purpose of taking resp nsibilit n behalf of the company for all or part of those proceedings. DIRECTORS’ REPORT FOR THE FINANCIAL YEAR ENDED 30 JUNE 2021 NON-AUDIT SERVICES During the financial year, the following fees for non-audit services were paid or payable to the auditor, BDO or their related practices: 2021 2020 $ $ Tax compliance services 27,345 15,700 Other non-audit services - 11,500 Total fees for non-audit services 27,345 27,200 On the advice of the Audit and Risk Committee, the directors are satisfied that the provision of non- audit services by the auditor, as set out above, did not compromise the auditor independence requirements of the Corporations Act 2001 for the following reasons: • All non-audit services have been reviewed by the Audit and Risk Committee to ensure that they do not impact the integrity and objectivity of the auditor; and • None of the non-audit services undermine the general principles relating to auditor independence as set out in APES 110 Code of Ethics for Professional Accountants. AUDITOR’S INDEPENDENCE DECLARATION A copy of the auditor’s independence declaration as required under section 307C of the Corporations Act 2001 is set out on page 19. Rounding of Amounts The company is of a kind referred to in ASIC Legislative Instrument 2016/191, relating to the ‘rounding off’ of amounts. Amounts in this report have been rounded off in accordance with the instrument to the nearest thousand dollars, or in certain cases, to the nearest dollar. This report is made in accordance with a resolution of directors. John Melki Director Sydney 25 August 2021 Directors’ Report DIRECTORS’ REPORT FOR THE FINANCIAL YEAR ENDED 30 JUNE 2021 NON-AUDIT SERVICES During the financial year, the following fees for non-audit services were paid or payable to the auditor, B O or their related practices: 2021 2020 $ $ Tax compliance services 27,345 15,700 Other n n-audit services - 11,500 Total fees for non-audit services 27,345 27,200 On the advice of the Audit and Risk Committee, the directors are satisfied that the provision of non- audit services by the auditor, as set out above, did not compromise the auditor ind pendence req irements of the Corporations Act 2001 f r the following reasons: • All non-audit services have been reviewed by the Audit and Risk Committee to ensure that they d not impact th integrity a d objectivity of the auditor; and • None of the non-audit services undermin the general principles relating to auditor indep ndence as set out in APES 110 Code of Ethics for Professional Accountants. AUDITOR’S INDEPENDENCE DECLARATION A copy of the auditor’s independence declaration as required under section 307C of the Corporations Act 2001 is set o t on page 65. Rounding of Amounts The company is of a kind referred to in ASIC Legislative Instrument 2016/191, relating to the ‘rounding off’ of amounts. Amounts in this r port have been rounded off in accordance with the instrum nt to the nearest thousand dollars, or in certain cases, to the nearest dollar. This report is made in accordance with a resolution of directors. John Melki Director Sydney 25 August 2021 DIRECTORS’ REPORT FOR THE FINANCIAL YEAR ENDED 30 JUNE 2021 NON-AUDIT SERVICES Du ing the financial year, he following fees f r non-audit servic s were paid or payable t th udi r, BDO or their related practic : 2021 2020 $ $ Tax c mpliance s rvic s 27,345 15,700 Other non-audit services - 11,500 Total fees for non-audit services 27,345 27,200 On t e advice of th Audit and Risk Committee, the directors are satisfied that the provision of non- audit services by the auditor, as set out above, did not compromise the auditor independence requirem nts of the Corporations Act 2001 for the following reasons: • All non-audit services have been reviewed by the Audit and Risk Committee to ensure that they do not impact the int grity nd objectivity of the auditor; and • None of the non-audit services ndermine the general principles relating to auditor independence as s t out in PES 110 Code f Ethics for Professional Accountant . AUDITOR’S INDEPENDENCE DECLARATION A copy of the auditor’s indep ndence declaration as required under section 307C of the Corporations Act 2001 is set out on page 65. Rounding of Amounts The company is of a kind r ferre to in ASIC Legislative Instrument 2016/191, relating to the ‘rounding off’ of amount . Amou ts in this report have been rounded off in accordance with the instrument to the nearest thousand dollars, or in certain cases, to the nearest dollar. This report is made in accordance with a resolution of directors. John Melki Director Sydney 25 August 2021 DIRECTORS’ REPORT FOR THE FINANCIAL YEAR ENDED 30 JUNE 2021 NON-AUDIT SERVICES During the financial year, the following fees for non-audit services were paid or payable to the auditor, BDO or their related practices: 2021 2020 $ $ Tax com liance services 27,345 15,70 Other non-audit services - 11,500 Total fees for non-audit services 27,345 27 2 On the advice f the Audit and Risk Committee, the directors are satisfied that the provision of non- audit services by the auditor, as set out above, did not compromise the auditor independence requir me ts of the Corpor tions Act 2001 for the following re sons: • All non-audit services have been re i we by the Audit and Risk Committee to ensure that they do not impact the integrity and bjectivity of the auditor; and None of t non-audit servic s undermine the general pri ciples relating o auditor independence as set out in APES 110 Code of E ics fo Prof sional Accountants. AUDITOR’S INDEPENDENCE DECLARATION A copy of th audit r’s independence declaratio as requir d under section 307C f the Corporations ct 2001 is set ut on page 65. Rounding of Amounts The company is of a kind referred to in ASIC Legislative Instrument 2016/191, relating to the ‘rounding off’ f amounts. Am unts in this r port have been rounded off i accordance with the instrument o the nearest thousand ollar , or in certain cases, to the nearest dollar. This report i made in acc dance with r olution f dir ctors. John Melki Director Sydney 25 August 2021 DIRECTORS’ REPORT FOR THE FINANCIAL YEAR ENDED 30 JUNE 2021 NON-AUDIT SERVICES During the financial year, the following fees for non-audit services were paid or payable to the auditor, BDO or their related practices: 2021 2020 $ $ Tax complia ce services 27,345 15,70 Other non-audit services - 11,500 Total fees for non-audit services 27,345 27,200 On the advice of the Audit and Risk Committee, the directors are satisfied that the provision of non- audit services by the auditor, as set out above, did not compromise the auditor independence requir ments of the Corporations Act 2001 for the following reasons: • All non-audit services have been reviewed by the Audit and Risk Committee to ensure that they d not impact the integrity and objectivity of the auditor; and • None of the non-audit services undermine the general principles relating to auditor independence as set out in APES 110 Code of Ethics for Professional Accountants. AUDITOR’S INDEPENDENCE DECLARATION A copy of the auditor’s independence declaration as required unde ection 307C f the Corporations Act 2001 is set out on page 65. Rounding of Amounts The company is of a kind referred to in ASIC Legislative Instrument 2016/191, relating to the ‘rounding off’ of amounts. Am unts in this report have been rounded off in accordance with the instrument to the nearest thousand dollars, or in certain cases, to the nearest dollar. This report is made in accordance with a resolution of directors. John Melki Director Syd ey 25 August 2021 DIRECTORS’ REPORT FOR THE FINANCIAL YEAR ENDED 30 JUNE 2021 NON-AUDIT SERVICES During the financial year, th follow ng fees for non-audit services were paid or payable to the auditor, BD or their related practices: 2021 2020 $ $ Tax complianc services 27,345 15,700 ther non- u it services - 11,500 Total fees for non-audit services 27,345 27,200 On the advice of the Audit and Risk C mmittee, the directors ar satisfi d that the provisio of non- audit services by the auditor, as set out above, did not compromise the auditor independence requirements of the Corporations Act 2001 for the following reasons: • All non-audit services have b en reviewed by the Audit and Risk Committee to ensure that they do not impact the integrity and objectivity of the auditor; and • None of the non-audit services undermine the general principles relating to auditor independence as set out in APES 110 Code of Ethics for Professional Accountants. AUDITOR’S INDEPENDENCE DECLARATION A copy of the auditor’s independence declaration as required under section 307C of the Corporations Act 2001 is set out on page 65. Rounding of Amounts Th company is of a kind referred to in ASIC Legislative Instrument 2016/191, relating to the ‘rounding off’ of amounts. Amounts in this report have been rounded off in accord nce with the instrument to the nearest thousand dollars, or in certain cases, to the nearest dollar. This report is made in accordance with a resolution of directors. John Melki Director Sydney 25 August 2021