The Australian Institute of Marine Science (AIMS) is a Commonwealth statutory authority operating under the Australian Institute of Marine Science Act 1972 (Cth).
AIMS is accountable to the Minister for Industry and Science and is governed by a Council that reports to the Minister. The Council, which meets quarterly, sets AIMS’ strategic directions and research strategies and oversees management of the Institute, operating in accordance with a Council Charter. The CEO is responsible for the day-to-day affairs of the Institute.
AIMS organises its capabilities to maximise effective delivery of its vision. That research effort is supported by services sections including corporate, operations and infrastructure, business and commercial and communication.
The Minister outlined expectations for how AIMS will exercise its functions to take into account the Government’s policy framework and priorities in a Statement of Expectations on 13 February 2020.
Audit Committee
The Audit Committee is a formal subcommittee of the Council that meets quarterly. It is responsible for providing independent assurance and assistance to Council on:
- financial reporting
- performance reporting
- systems of risk oversight and management
- systems of internal control
- internal audit
- external audit.
The Audit Committee Charter sets out the committee's purpose, responsibilities, authority and membership.
