Audit & Risk Committee

The Audit and Risk Committee (the Committee) is an independent advisory Committee to Council established under section 139 of the Local Government Act 1989.

The Committee's objective is to provide appropriate independent advice and recommendations to Council on matters relevant to its Charter in order to facilitate decision-making by Council in relation to the discharge of its accountability requirements.

The Charter specifies that at the Committee’s discretion, complaints from the public which may expose inappropriate practices within the Frankston City Council and any subsidiaries may be considered. 

The Committee has been established to monitor, review and advise Council on the systems and activities of Council in ensuring:

  • Reliable and complete financial and performance reporting
  • High standards of corporate governance
  • Appropriate application of accounting policies
  • Compliance with applicable laws and regulations
  • Effective management and monitoring of all risks, controls and insurances
  • Effective and efficient internal and external audit functions
  • Appropriate measures to provide early warning of any issues affecting the organisation’s financial well-being
  • The level and effectiveness of appropriate Business Continuity and Disaster Recovery planning
  • Maintenance and fostering of an ethical environment and oversight of related party transactions
  • Fraud prevention, including corruption.

The Committee comprises of five (5) members as follows:

  • One Independent Chairperson
  • Two Independent Members
  • Two Councillors

During 2022, independent members of the Committee will receive a sitting fee of $1,638 and the chairperson an additional $430.

Audit and Risk Committee Members

Neil Greenaway - Chairperson

Independent Member - Audit & Risk Committee

neil_greenaway.jpg Mr Greenaway was appointed in January 2013 and is currently the Chairperson of the Committee

Mr Greenaway is currently a consultant to the NFP and public sector. He currently holds director and independent governance roles with the Royal Australian College of General Practitioners and in the cemetery and crematoria industry. Mr Greenaway has also held executive governance and finance positions at Medibank Private and St Vincent’s Health. 

 Mr Greenaway is a Fellow of the Institute of Chartered Accountants in Australia, Fellow of the Certified Practising Accountants of Australia, Fellow of Governance Institute of Australia, Fellow of Chartered Institute of Secretaries  and a Fellow of the Australian Institute of Company Directors.

Mick Ulbrick

Independent Member - Audit & Risk Committee

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Mr Ulbrick was appointed to the Audit and Risk Committee in January 2021. He has more than 40 years experience in government and local government and has held a range of senior executive positions to the level of Chief Executive. He has qualifications in Economics, Statistics, Education and Information Systems and is a graduate of the AICD. In addition Mr Ulbrick has completed the AICD’s Mastering the Boardroom course.

Mr Ulbrick is a Commissioner with the Victorian Local Government Grants Commission and sits on a number of Audit and Risk Committees within the local government and TAFE sectors.


Lisa Tripodi

Independent Member - Audit & Risk Committee

lisa_tripodi.png Ms Tripodi was appointed on 1 December 2019. Ms Tripodi has over 20 years business experience in the provision of assurance services in both the public and private sectors including State and Local Government, education, health and banking.

Ms Tripodi is a qualified Certified Practicing Accountant and an independent member on eight Audit Committees. She has tertiary qualifications in Economics and Commerce and has until recently been a Partner for Accounting and Assurance services at Oakton.

Members from Frankston City Council

Mayor Cr Nathan Conroy

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Cr Claire Harvey

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