(1) The review of contracts ordered by the Minister will deal with this matter.
(2) The contract and its conditions are subject of a review that the Minister of Energy has instituted.
(3) No.
(4) SFF has adequate internal control processes in place that could have prevented it from incurring losses in this transaction if they had been adhered to. These controls include i) the board-approved limits of authority policy, ii) risk management policy iii) properly constituted Exco with relevant PFMA and risk management experience and supported by clear terms of reference. There is a materiality framework that provides guidance on levels of approvals for all material transactions.