Chairman

Charles Macek

Company Director, Melbourne

Nominated by the Securities Institute of Australia

Appointed Chairman on 11 June 2003, for 3 years

Deputy Chairman

Elizabeth Alexander AM

Company Director, Melbourne

Nominated by the Australian Institute of Company Directors

Reappointed on 7 March 2005, for 18 months

Members

Don Challen

Secretary, Tasmanian Department of Treasury and Finance, Hobart

Nominated by Heads of State and Territory Treasuries Reappointed on 7 March 2005, for 18 months

Karen Hamilton

Chief Integrity Officer, Australian Stock Exchange, Sydney

Nominated by the Australian Stock Exchange

Appointed on 7 March 2003, for 3 years

Resigned 31 December 2004

Richard Humphry AO

Trustee, International Accounting Standards Committee Foundation

Appointed on 7 March 2005, for 3 years

Warwick Hunt

Chair, Accounting Standards Review Board of New Zealand

Nominated by the New Zealand Minister of Finance

Appointed on 9 February 2005, for 3 years

David Jackson

Director, Australian Shareholders’ Association, Sydney

Nominated by the Australian Shareholders’ Association

Reappointed on 7 March 2005 for 18 months

John Langoulant

Under Treasurer, Western Australian Department of Treasury and Finance, Perth

Appointed on 7 March 2003, for 3 years

Resigned 16 July 2004

Graeme McGregor AO

Company Director, Melbourne

Nominated by CPA Australia

Reappointed on 7 March 2005, for 18 months

Jim Murphy

Executive Director, Markets Group, Department of the Treasury, Canberra

Nominated by the Australian Government

Appointed on 7 March 2003, for 3 years

Tom Pockett

Chief Financial Officer, Woolworths Limited, Sydney

Nominated by the Business Council of Australia

Appointed on 7 March 2003, for 3 years

Phillip Prior

First Assistant Secretary, Financial Management Group Department of Finance and Administration

Nominated by the Australian Government

Re-appointed on 13 September 2004, for 2 years

Gregory Pound

Chief Accountant, Australian Securities and Investments Commission, Melbourne

Nominated by Australian Securities and Investment Commission

Appointed on 7 March 2003, for 3 years

Resigned 30 June 2005

Brian Scullin

Company Director and Adviser to Head of Deutsche Asset Management, Asia Pacific, Sydney
Nominated by the Investment and Financial Services Association

Appointed on 11 June 2003, for 3 years

Lewis Ting

Company Director, Sydney

Nominated by The Institute of Chartered Accountants in Australia

Appointed on 7 March 2003, for 3 years

Resigned 6 September 2004

Catherine Walter AM

Company Director and Solicitor, Melbourne, and Chair of the Business Regulation Advisory Group

Appointed on 7 March 2003, for 3 years

Jan West

Partner, Deloitte Touche Tohmatsu

Nominated by The Institute of Chartered Accountants in Australia

Appointed on 7 March 2005, for 3 years

Klaus Zimmermann

Chief Executive Officer, Eldercare Incorporated and Director, National Institute of Accountants, Adelaide

Nominated by National Institute of Accountants

Appointed on 7 March 2003, for 3 years

Alternate Members

Roger Cotton

Chief Executive Officer, National Institute of Accountants, Melbourne

Nominated by National Institute of Accountants

Alternate to Mr Zimmermann

Appointed on 7 March 2003, for 3 years

Stephen Harrison, AO

Chief Executive Officer, Institute of Chartered Accountants in Australia, Sydney

Nominated by the Institute of Chartered Accountants in Australia

Appointed as alternate to Mr Ting on 7 March 2003, for 3 years

James Kerwin

First Assistant Secretary, Agency Advice Unit, Department of Finance and Administration, Canberra

Nominated by the Australian Government

Alternate to Mr Prior

Appointed on 13 September 2001, for 3 years

Greg Larsen

Chief Executive Officer, CPA Australia, Melbourne

Nominated by CPA Australia

Alternate to Mr McGregor

Appointed on 7 March 2003, for 2 years

Mike Rawstron

General Manager, Corporations and Financial Services Division, Department of the Treasury, Canberra

Nominated by the Australian Government

Alternate to Mr Murphy

Appointed on 7 March 2003, for 3 years