Annual Report 2012–2013 The allocation of spending has changed a little from 2011–12 to 2012–13. The main changes in this reporting period compared with the previous year are: • spending on engagement with international and regional and mechanisms has reduced with the end of financial support for the ICC Chairpersonship during a transition between chairs • spending on enhance members’ institutional capacity has risen further due to a significant increase in the capacity needs assessment program during the year, engaging with the NHRIs of the Philippines, Afghanistan, Australia, New Zealand and Nepal • a smaller than expected spend on Paris Principles compliance is due to changing political circumstances in the Pacific which slowed the regional engagement program. Moreover, engagement with Samoa proved to be more financially cost effective than initially budgeted. 5.5. Corporate governance Evaluation findings Outcome indicator Compliance Performance rating On track The APF is a company limited by guarantee and is required to meet a range of regulatory obligations. Directors of a company limited by guarantee are subject to all of the duties and obligations for a company as set out in the Corporations Act 2001. This includes the preparation of an audited financial report in accordance with the Australian Accounting Standards and a Directors’ report in accordance with the Corporations Act. There are also compliance requirements on companies limited by guarantee relating to health and safety, equal opportunities and industrial relations. In 2012–13 no non-compliance incidents in any of these areas were recorded. All financial, regulatory and statutory obligations have been undertaken. 5.6. Allocation of expenditure Figure 16: APF income and expenditure during 2012–13 by objective 0% 9% Enhance members' institutional capacity ($971,424) Engage with international and regional mechanisms ($243,343) 10% Enhance members' communication and engagement ($135,653) 49% 13% APF secretariat ($252,977) Strategic management ($198,305) Compliance with the Paris Principles ($170,426) 7% 12% Net surplus ($4,903) 5. Effective, efficient and strategic management of the APF | 51

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