Finance, Audit and Risk Management Committee

The Finance, Audit and Risk Management Committee (FARMC) is responsible to the Agency Management Committee for the oversight of risk and to provide advice on the effectiveness of the corporate assurance framework and risk management, financial strategy, sustainability and internal audit functions. The Committee also provides oversight of the external audit process.

The specific responsibilities of the Committee are to provide advice on:

  • The appropriateness of the financial strategy to ensure the financial sustainability of AHPRA and the National Boards, taking into account the National Law and the policy and directions of the Ministerial Council.
  • The adequacy and effectiveness of the approach to corporate assurance, encompassing the processes of governance, risk management, compliance and the internal control environment to ensure the processes operate as intended and are in line with leading practice.
  • The adequacy and effectiveness of internal processes and controls for ensuring compliance with statutory and regulatory requirements, codes of conduct and reasonable community expectations.
  • The adoption of an annual and strategic audit internal plan and any significant issues that arise out of internal audit activities.
  • The annual financial statements for recommendation to the Agency Management Committee.

The Finance, Audit and Risk Management Committee is chaired by Ms Barbara Yeoh AM member of the Agency Management Committee.

Document title PDF Accessible format Document date
Finance, Audit and Risk Management Committee Charter PDF (139KB) Word version 
(570 KB,DOCX)
September 2020
Investment Policy PDF (53.0KB) Word version 
(907 KB,DOCX)
5 July 2019
Internal Audit Terms of Reference PDF (140KB) Word version
(74.0 KB,DOCX)
28 May 2015
FARMC annual reports
FARMC annual report 2014-15 PDF (145KB) Word version 
(637 KB,DOCX)
9 Nov 2015
FARMC annual report 2015-16 PDF (147KB)  Word version 
(660 KB,DOCX)
24 November 2016
FARMC annual report 2016-17 PDF (194KB) Word version 
(655 KB,DOCX)
20 November 2017 
FARMC annual report 2017-18 PDF (108KB) Word version  
(657 KB, DOC)
15 October 2019
FARMC annual report 2018-19 PDF (241KB) Word version
(125 KB,DOCX)
6 March 2020 
FARMC annual report 2019-20 PDF (274KB) Word version
(155 KB,DOCX)
8 December 2020

For further information about the Agency Management Committee or its committees, email


Picture of Barbara Yeoh.

Ms Barbara Yeoh AM

Ms Yeoh joined the Agency Management Committee in 2017 as a member with expertise in health, education and training and was re-appointed in 15 June 2017 for her second three year term to 15 June 2020.

She has previously served on the Board of Austin Health and Eastern Health in Victoria. With a career in the finance sector, she has over 30 years’ experience as a director across a range of public and private sector agencies including in the health, education, finance, insurance, transport, technology and infrastructure sectors. In 2015, Ms Yeoh was inducted into the Victorian Honour Roll of Women and received the CEO Magazine Chairperson of the Year award which encompasses the public, private and not for profit sectors.

Ms Yeoh has previously served as a Council Member and Deputy Chancellor at Latrobe University.

Other appointments.

David Balcombe.

Mr David Balcombe

Mr Balcombe brings to the Committee considerable experience is accounting, audit and risk management gained during an extensive career at Ernst & Young, as a Partner. He was responsible for quality and risk management in that Firm’s Oceania area before moving to similar roles in the Asia Pacific area where his responsibilities covered much of South East Asia and China. He was also was involved in audit, corporate advisory, internal audit outsourcing and related roles where he served clients in a broad range of industries including government, manufacturing, retail and distribution.

Mr Balcombe is currently a Financial Counsellor with a not-for profit community organisation.

He holds a Bachelors’ Degree in Commerce, is a Fellow of Chartered Accountants Australia & New Zealand and a Registered Company Auditor.

He joined the Finance, Audit & Risk Management Committee as a member with expertise in accounting and audit and risk management, his term will expire on 31 May 2020.

Picture of Jenny Taing.

Ms Jenny Taing OAM

Ms Taing is a member of the Agency Management Committee with expertise in health, business and administration, and governance.

Ms Taing is a senior lawyer at Vanguard Investments Australia. She previously spent 10 years at the Australian Securities and Investments Commission and is a specialist in financial services, managed funds and superannuation law. Ms Taing is also a former board director of The Royal Victorian Eye & Ear Hospital, Royal District Nursing Service, Channel 31 and Commissioner of the Victorian Multicultural Commission.

In 2016, Jenny attended Harvard Business School as the Hugh DT Williamson Scholar. This prestigious national scholarship is awarded by the Financial Services Institute of Australasia (Finsia) to an outstanding individual who has demonstrated leadership, professional qualifications, community and social responsibility as well as a contribution to the financial services industry.

Ms Taing holds a Bachelor of Arts/Bachelor of Laws (Honours) from the University of Melbourne and is a graduate of the Australian Institute of Company Directors and the Australian Institute of Superannuation Trustees. She is the winner of Government Lawyer of the Year 2017, a finalist for In-House Lawyer of the Year 2016 and 2017 and the winner of the University of Melbourne Faculty of Arts Rising Star Alumni Award 2014. Jenny was also named in CPA Australia's INTHEBLACK Magazine Top 40 Young Business Leaders List for 2013.

Other appointments.

Photo of Kim Jones

Ms Kim Jones

Kim Jones is an independent non-executive director with experience in industry sectors including financial services, global asset management, institutional funds management, superannuation, health, youth and education. During her executive career, Kim was a superannuation trustee, investor relations, marketing and communications specialist with ASX100 institutional fund managers and financial services companies: Colonial First State Global Asset Management, Colonial First State Property (subsidiaries of Commonwealth Bank) and Lend Lease. The earlier part of her career was spent as a marine scientist and teacher, and promoting new technology at the University of New South Wales.

Kim is currently a community member on the Dental Board of Australia and Chair of Hear For You (a charity, registered with ACNC and ASIC, that empowers deaf and hard of hearing teenagers).

Kim holds an Honours Degree in Science from the University of Sydney, a graduate Diploma of Education and is a Graduate of the Australian Institute of Company Directors.

Allyson Warrington

Allyson Warrington

Allyson is CEO of General Practice Training Tasmania, having held the position for seven years. Reporting to a Board she has full accountability for finance and risk management in an organisation responsible for building healthier Tasmanian communities through provision of quality training in primary health care. She is a Primary Health Tasmania Board Director and a Board Member of the Nursing and Midwifery Board of Australia, chairing the Board’s Finance Governance and Communications Committee. Allyson has a sound understanding of the National Scheme, as a two-term serving NMBA member. She also represents the NMBA on the Equity and Cost Allocation Working Group, established by AHPRA in 2017. Allyson also serves as President of Cancer Council Tasmania and has had former non-executive director roles which include Director of the Tasmanian Polytechnic, chairing the Finance Audit and Risk Committee. She is a former President of the Australian Marketing Institute (Tas) and Public Relations Institute of Australia (Tas). She holds a Bachelor of Business (Marketing and International Business) and Company Directors Course Diploma, is a Fellow of the Australian Marketing Institute and Fellow of the Australian Institute of Company Directors.

Anthony Evans

Anthony Evans

Anthony Evans has extensive financial and general management experience as a senior executive and a board director in the health, aged care, education, resources and not-for-profit sectors. His non-executive director roles in the health sector have included being a board member of Perth Primary Care Network and Therapeutic Guidelines Ltd.

Anthony is currently a community member of the Optometry Board of Australia. He holds a Bachelor of Business and is a Fellow of CPA Australia, the Governance Institute of Australia and the Australian Institute of Company Directors.

Page reviewed 19/02/2021