Directors’ report The directors present their report on the consolidated entity (referred to hereafter as the Group) consisting of Housing Industry Association Limited (HIA) and its controlled entities for the financial year ended 31 December 2017. Directors The following persons held office as directors of HIA during the financial year: Pino Anthony Monaco Simon Gordon Collolo Norris David Charles Linaker Shane Paul Goodwin Gregory John Elsworthy (appointed 25 May 2017) Alwyn Gerard Even Yitzhak Arie Hazan Catherine Mary Inglis (appointed 25 May 2017) Debra Megan Johnson (appointed 25 May 2017) Ross Alexander Lang Graham Erle Wolfe Ronald John Dwyer (resigned on 25 May 2017) James Charles Graham (resigned on 25 May 2017) Terrence Jenkins (resigned on 25 May 2017) Stuart Kenneth Wilson (resigned on 25 May 2017) Glenn Ives Simpson (resigned on 15 September 2017) Directors have been in office since the start of the financial year to the date of this report unless otherwise stated. Principal activities The Group’s principal continuing activity during the year consisted of: • the promotion of industrial resources in Australia’s building industry through associating the members of the residential building, renovation and development industry for purposes of mutual advantage and co-operation; and • the development, maintenance and high appreciation of the objectives and responsibilities of builders, renovators and developers within the building industry in providing the highest standards of professional and commercial conduct. No significant changes in the nature of these activities occurred during the year. Objectives, strategies and key performance measures HIA’s purpose is to promote the development of the industrial resources of Australia in the building industry. In pursuit of its purpose, HIA has regard to objectives that promote: • the association of members of the residential building industry; • the highest standards of professional and commercial conduct; • continual improvement of industry techniques and practices; • excellence in construction; Important information about this concise financial report The concise financial report is an extract from the full financial report of Housing Industry Association Limited and controlled entities. The financial statements, specific disclosures and other information included in the concise financial report are derived from, and are consistent with, the full financial report. The concise financial report cannot be expected to provide as detailed an understanding of the financial performance, financial position and financing and investing activities of Housing Industry Association Limited and controlled entities as the full financial report. A copy of the full financial report and auditor’s report will be sent to any member, free of charge, upon request by calling 02 6245 1300. Housing Industry Association Limited is a company limited by guarantee incorporated and domiciled in Australia. Its registered office and principal place of business is: Housing Industry Association Limited, Housing Industry House, 79 Constitution Avenue Campbell, ACT 2612. The financial statements were authorised for issue by the directors on 26 March 2018. The directors have the power to amend and reissue the financial statements. 36|HIA ANNUAL REPORT 2017