Directors' declaration

In the directors' opinion

(a) the financial statements and notes set out on pages 34 to 91 are in accordance with the Corporations Act 2001, including:

 (i) complying with Accounting Standards, the Corporations Regulations 2001 and other mandatory professional reporting requirements; and
 (ii) giving a true and fair view of the Company's and consolidated entity's financial position as at 31 December 2008 and of their performance for the financial year ended on that date; and

(b) there are reasonable grounds to believe that the company will be able to pay its debts as and when they become due and payable; and

(c) at the date of this declaration, there are reasonable grounds to believe that the members of the Extended Closed Group identified in note 29 will be able to meet any obligations or liabilities to which they are, or may become, subject by virtue of the deed of cross guarantee described in note 37.

The directors have been given the declaration by the chief executive officer and the chief financial officer required by section 295A of the Corporation Act 2001.

This declaration is made in accordance with a resolution of the directors.

 
C J S Renwick
Chairman

Brisbane
27 February 2009