1. Name of Committee 2. Purpose 2.1 The Council of the National Library of Australia has established an Audit Committee as required by section 45 of the Public Governance, Performance and Accountability Act 2013 (PGPA Act) and PGPA Rule section 17 - Audit Committee for Commonwealth entities. 2.2 The Committee is a sub-committee of the Council of the National Library of Australia established to assist the Council discharge its responsibilities under the National Library Act 1960 and the PGPA Act in respect of financial reporting, performance reporting, risk oversight and management, internal control and compliance with relevant laws and policies. 2.3 The Committee is not responsible for the executive management of these functions. The Committee will engage with management in a constructive and professional manner in discharging its responsibilities and formulating its advice to the Council.