29 Councillors R emuneration R eport Councillors receive no remuneration or other benefts as the positions are honorary in nature Indemnifcation and Insurance of Councillors and Ofcers During the fnancial year the Association paid an insurance premium of 349650 to indemnify Councillors and Ofcers against all loss andor defence costs for which they become legally obligated to pay through their position with the Association and on account of any claim frst made against them during the period of insurance cover where such claim is brought Pursuant to the T rade Practices Act 1974 Fair T rading or similar legislation of any S tate or T erritory andor pursuant to any other consumer protection legislation In respect of a breach or alleged breach of contract libel or slander In respect of infringement of copyright trademark s registered designs or patents or any plagiarism or breach of confdentiality provided that any liability does not arise directly or indirectly in relation to dishonest fraudulent criminal or malicious act No person has applied for leave of Court to bring proceedings on behalf of the entity or intervene in any proceedings to which the entity is a party for the purpose of taking responsibility on behalf of the entity for all or part of those proceedings The entity was not a party to any such proceedings during the year NonA udit Services The entity s auditor KPMG provided no nonaudit services during the year ended 31 December 2018 Signed in accordance with a resolution of Councillors on 28 February 2019 Will R obinson President AMEC R eport 2018 OPERA TIONAL AND FINANCIAL REPOR T Association of Mining and Exploration Companies