Speciality Metals International Limited Annual Report 2020

32 Speciality Metals International Limited Annual Report 2020 Directors’ Report continued Page | 32 DIRECTORS’ REPORT A UDIT AND N ON – AUDIT SERVICES During the financial year, the following fees for audit and non-audit services were paid or payable to Nexia Melbourne Audit Pty Ltd and Nexia Melbourne Pty Ltd: 2020 $ 2019 $ Audit-related services Amounts paid or payable to Nexia Melbourne Audit Pty Ltd - Audit services 74,000 53,000 Taxation services Amounts paid or payable to Nexia Melbourne Pty Ltd - Tax compliance services (tax returns) 46,600 6,000 - Other tax advice 11,180 6,488 131,780 65,488 The Directors are satisfied that the provision of non-audit services during the year by the auditor is compatible with the general standard of independence for auditors imposed by the Corporations Act 2001. On the advice of the Audit 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 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. DIRECTORS’ REPORT A UDITOR ’ S I NDEPENDENCE D ECLARATION A copy of the Auditor’s Independence Declaration as required under section 307C of the Corporations Act 2001 is set out and located after the Director’s Declaration and forms part of this report. C ORPORATE G OVERNANCE A statement disclosing the extent to which the Company has followed the best practice recommendations set by the ASX Corporate Governance Council during the period is displayed on the Company’s website at http://www.specialitymetalsintl.com.au/corpgov. Signed this 28 th day of September 2020 in accordance with a resolution of Directors. [Insert Signature] O LIVER K LEINHEMPEL Non-executive Chairman