The Board Charter governs the Board’s operations. It sets out the Board's role and responsibilities, composition, structure and membership requirements.
Audit and Risk Committee Charter
The Board established an Audit and Risk Committee, in compliance with section 45 of the Public Governance, Performance and Accountability Act 2013 (PGPA Act) and section 17 of the PGPA Rule and the duty imposed on the Board under section 16 of the PGPA Act, to establish and maintain a system of risk oversight and management. The committee’s role is to provide independent assurance to the Board.
Pursuant to section 17 of the PGPA Rule, the committee’s primary function is to review the appropriateness of the Board’s financial reporting, performance reporting, system of risk oversight and management, and system of internal control for Housing Australia. The committee is not responsible for the executive management of these functions.
To complement its primary functions under the PGPA Rule, the Audit and Risk Committee:
- Makes recommendations to the Board on the appointment, assessment and removal of Housing Australia’s internal auditors, and oversees their independence.
- Reviews and approves Housing Australia’s external and internal audit fees, plans and their scope.
- Provides an effective forum for communication between Housing Australia’s Board, management and internal and external auditors.
Bond Issue and Due Diligence Management Committee Charter
The primary responsibility of the committee is to:
- Assist the Board to execute on Housing Australia’s strategy and achieve the optimal pricing on bonds issued by Housing Australia in the wholesale debt capital market
- Optimise the use of funding sources for its AHBA loans business
- Optimise the investment of Housing Australia’s capital and reserves and short-term surplus cash
- Manage Housing Australia’s exposures to interest rate risk and liquidity risk.
Research, Data and Analytics Committee Charter
The primary responsibility of the committee is to assist the Board with the oversight and management of research, data and analytics work undertaken by Housing Australia.
A key function of Housing Australia is to provide finance to proponents eligible under Housing Australia’s Investment Mandate. The committee is an advisory committee that has been established to assist the Board with objective oversight and management of credit risk arising from this key function.
Executive Risk and Compliance Committee
The Executive Risk and Compliance Committee acts as a forum for the discussion of significant risks and issues.
The committee reports to the Accountable Authority and the Housing Australia Board Audit and Risk Committee, and is responsible for:
- identifying and monitoring significant risks to Housing Australia
- maintaining and promoting Housing Australia’s risk management frameworks and policies
- managing risks in line with those frameworks and policies
- implementing and overseeing control processes and risk mitigation strategies.
Customer Service Charter
At Housing Australia we always aim to deliver high quality service, open and honest communication and we respect the confidentiality of the information provided to us.
In delivering high quality service, we will:
- Invest time to fully understand your business and its needs
- Use our industry knowledge and financing expertise to offer timely and tailored responses
- Act with professionalism and integrity.
Social and Sustainability Bonds Committee
The charter establishes and maintains a management committee which is responsible for:
- Administering and reviewing Housing Australia’s Sustainability Bond Framework
- Evaluating and selecting eligible assets for inclusion in new social, green and sustainability bond issuances and ensuring these assets are aligned to the framework
- Reviewing and advising on Housing Australia’s environmental, social and governance (ESG) disclosures and impact reporting
- Overseeing and advising on Housing Australia’s ESG assurance activities related to Housing Australia’s bond issuance program.
Information and Data Governance Committee
The Information and Data Governance Committee Committee oversees and guides all Housing Australia's information and data matters to maintain a consistent and systematic, enterprise-wide approach for managing its information assets.
The Information and Data Governance Committee Committee is established in accordance with the National Archive of Australia’s Building Trust in the Public Record policy.
Housing Australia Future Fund Advisory Group
Housing Australia has established an Advisory Group to provide strategic guidance as the design and implementation of the Federal Government’s housing policy to deliver 40,000 social and affordable dwellings over five years through the Housing Australia Future Fund (HAFF) and Housing Accord is progressed.
The Advisory Group has representation from relevant key sectors including community housing providers, property, banks, superannuation funds, institutional investors, construction, legal and the public sector, and will contribute valuable knowledge and insights to Housing Australia to support the preparatory work to deliver the Federal Government’s housing policy.