In This Section

Audit and 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 2022021, 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 and Risk Committee

Neil Greenaway 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.

David Fraser

Independent Member - Audit and Risk Committee

Mr Fraser was appointed in November 2013.

Mr Fraser is a Chartered Accountant and Certified Internal Auditor with over 28 years' experience in financial management consulting, audit and risk management with specialisation in emerging technology risks.

Mr Fraser is currently responsible for the delivery of a range of Internal Audit Programs including Victoria Police, Melbourne Planning Authority and Melbourne Markets Authority. He is also familiar with the requirements of the Victorian Auditor General’s Office (VAGO) in relation to both financial and performance audits and has previously provided assurance services to a range of City Council’s.

Lisa Tripodi

Independent Member - Audit and Risk Committee

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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.