- Code of conduct
- Environmental
- Indigenous people
- Risk management
- Safety, Welfare and Health Policy
- Share trading and continuous disclosure
- Corporate Governance
- Vehicle safety and accident prevention
- Website terms of use
Code of conduct
A culture of integrity and honesty underpins the way our company wishes to operate.
Integrity
All Directors, employees and contractors will act with the utmost integrity and honesty in their dealings with other parties.
Directors, officers, employees and consultants cannot make use of information acquired through their position within the company in order to make a profit for themselves.
Conflict of interest
Directors and employees must declare any potential conflicts of interest in their business dealings and seek the advice from a Director of the company.
Respect
Marmota Directors, employees and contractors are committed to respecting all people and their customs with whom they have dealings, and observing the laws of the state or country in which they operate.
Honesty
Directors and employees will ensure that information is recorded honestly and accurately so as to enable the company to meet its obligation to keep the market accurately informed about its activities.
Professionalism
Directors, officers, employees and contractors will carry out their roles in a professional and conscientious manner to achieve highest standards of performance and adhering to professional codes of conduct where these are provided.
Environmental
Marmota is committed to conducting its operations in an environmentally responsible manner and to ecologically sustainable development.
To achieve this Marmota will:
- Conduct its activities in a responsible and professional manner, seeking best practice in all it does.
- Develop and distribute guidelines and environmental management processes regarding its environmental responsibilities.
- Set and review environmental objectives and performance indicators to ensure continued improvement of its environmental performance.
- Inform all employees and contractors of their environmental responsibilities.
- Protect native flora and fauna in all areas of its operations;
- Identify potential impacts of its activities and minimise disturbance to the environment.
- Foster knowledge of and compliance with laws and regulations amongst our staff and contractors.
- Ensure transparency in our environmental performance.
Application of this policy resides with Marmota management and all employees sharing responsibility for its implementation. Excellence in environmental performance is essential to our business success.
Indigenous people
Marmota respects the rights and culture of the indigenous people of australia.
In all of its dealings with indigenous Australians and their heritage Monax will:
- Develop trust and cooperation with Aboriginal people whose cultural interests extend into land where Marmota operates or plans to operate.
- Respect Aboriginal heritage by protecting sites of cultural significance.
- Ensure that its employees and contractors are aware of their obligations in regard to the protection of Indigenous cultural heritage in all its activities.
- Endeavour to recognise and promote opportunities in its activities for Indigenous people for maintenance of their culture and traditions and economic independence by providing training, employment and investment opportunities where opportunities arise.
Risk management
Effective management of risk is a key to the growth and success of our company.
Marmota recognises the importance of identifying and controlling risks to ensure that they do not impact on the success and growth of the company.
Procedures have been established at the Board and executive management levels which are designed to safeguard the assets and interests of the company and to ensure the integrity of reporting.
The Board reviews and discusses strategic risks and opportunities arising from changes in the company's business environment regularly and on an as needs basis.
Marmota integrates risk management into all aspects of its business activities.
Where required the Board is entitled to rely on other Directors for their areas of expertise.
The Board delegates some of the responsibility to committees of the Board but maintains the overall responsibility for the process.
The following committees have been established to assist the Board in internal control and business risk management:
- Audit and Corporate Governance Committee
- Remuneration and Nominations Committee
- Environment and Community Development Committee (Management)
- Safety, Security and Occupational Health Committee (Management)
Safety, Welfare and Health Policy
Safety is a priority in all our operations.
Marmota Energy Limited (Marmota) is committed to the health, safety and welfare (OHS&W) of its employees, contractors and the public through sound management practices. Marmota will ensure:
A safe and healthy workplace for all employees, contractors and subcontractors at all its sites.
- The protection of members of the public from any potential effects of its operations.
- Compliance with relevant Government requirements and standards.
These objectives will be achieved by:
- Development of relevant OHS&W procedures.
- Promoting and continually improving safety and health performance.
- Ensuring all staff attend an approved advanced first aid course and undertake three year updates, or as mandated by the Managing Director. Each employee has the responsibility to:
- Protect their own safety and that of their fellow workers.
- Comply with all Marmota OHS&W requirements.
- Recognise that safety is an individual and management responsibility.
- Participate in the promotion and development of safe work practices and procedures.
Share trading and continuous disclosure
Marmota is committed to honesty, integrity and transparency in all its share trading and business activities.
Share trading
Directors, employees and contractors and their close associates may not trade in the company’s securities when they are in possession of information that could affect the company’s share price and which is not available to the investing public.
Directors dealing in any of the company's securities should first consult at least one other director.
Staff, officers, consultants or contractors who have any queries concerning trading of Marmota shares will first consult a director of the company prior to any dealings.
Continuous disclosure
Marmota aims to achieve best practice in complying with its continuous disclosure obligations under the Corporations Act and ASX Listing Rules; and in ensuring it does not contravene the Corporations Act or ASX Listing Rules.
Marmota has obligations under the Corporations Act and ASX Listing Rules to keep the market fully informed of information which may have a material effect on the price or value of its securities, or influence an investment decision on the company's shares or securities, and to correct any material mistake or misinformation in the market.
The company will provide regular shareholder communications, publish Annual and Quarterly Reports, and keep its website current regarding such releases.
Corporate Governance
The following statement sets out a summary of the Company’s corporate governance practices that were in place during the financial year and how those practices relate to the revised Corporate Governance Principles and Recommendations issued by the Australian Stock Exchange Corporate Governance Council (“ASX Recommendations”).
These recommendations are not intended to be prescriptions to be followed by all ASX listed companies, but rather guidelines designed to produce an effective, quality and integrity outcome. The Corporate Governance Council has recognised that a “one size fits all” approach to Corporate Governance is not required. Instead, it states aspirations of best practice for optimising corporate performance and accountability in the interests of shareholders and the broader economy. A company may consider that a recommendation is inappropriate to its particular circumstances and has flexibility not to adopt it and explain why.
In ensuring a high standard of ethical behaviour and accountability, the Board has included in its corporate governance policies those matters contained in the ASX Recommendations where applicable. However, the Board also recognises that full adoption of the above ASX Recommendations may not be practical nor provide the optimal result given the particular circumstances and structure of the Company. The Board is, nevertheless, committed to ensuring that appropriate Corporate Governance practices are in place for the proper direction and management of the Company. This statement outlines the main Corporate Governance practices of the Company disclosed under the ASX Recommendations, including those that comply with best practice and which unless otherwise disclosed, were in place during the whole of the financial year ended 30 June 2011.
Principle 1 – Lay solid foundations for management and oversight
Recommendation 1.1 – Recommendation followed
The Board is governed by the Corporations Act 2001, ASX Listing Rules and a formal constitution adopted by the company in 2004.
The role of the Board is to provide leadership and direction to management and to agree with management the aims, strategies and policies of the Company for the protection and enhancement of long-term shareholder value.
The Board takes responsibility for the overall Corporate Governance of the Company including its strategic direction, management goal setting and monitoring, internal control, risk management and financial reporting.
The Board has an established framework for the management of the entity including a system of internal control, a business risk management process and appropriate ethical standards. In fulfilling its responsibilities, the Board is supported by an Audit & Corporate Governance Committee established prior to listing on the ASX, to deal with internal control, ethical standards and financial reporting and a Remuneration and Nomination Committee to monitor the composition of the Board and review the compensation of the Company’s Executive Directors and senior management with the overall objective of motivating and appropriately rewarding performance.
The Board appoints a Managing Director responsible for the day to day management of the Company including management of financial, physical and human resources, development and implementation of risk management, internal control and regulatory compliance policies and procedures, recommending strategic direction and planning for the operations of the business and the provision of relevant information to the Board.
Recommendation 1.2 and 1.3 – Recommendations followed
The Remuneration and Nomination Committee meets at least annually and the recommendations are made in line with the Company’s present circumstances and goals to ensure maximum shareholder benefits from the attraction and retention of a high quality Board and senior management team. The Remuneration and Nomination Committee met once during the financial year to review the performance of and recommend appropriate remuneration for Executive Directors and senior management including any equity participation by such Executive Directors and senior management. The Board evaluates the performance of the Managing Director and Company Secretary on a regular basis and encourages continuing professional development.
Principle 2 – Structure the board to add value
Recommendation 2.1 – Recommendation not followed
The composition of the Board consists of five directors of whom three, including the Chairman, are non-executives. Messrs Kennedy, Nelson and Davis are not Independent Directors as a result of their role as Directors of Monax Mining Limited, a substantial shareholder. The Board considers Messrs Kennedy, Nelson and Davis are not Independent only in matters being considered that deal with Monax Mining Limited. The Board considers Messrs Kennedy, Nelson and Davis are not Independent only in matters being considered that deal with Monax Mining Limited and they do not participate in the consideration of such matters.
The Board is of the opinion that the current structure of the Board is appropriate given the size and nature of the Company. Whilst this is at variance to the ASX Recommendations that the majority composition of the Board comprise Independent Directors, the Board considers that all Directors bring an independent judgement to bear on Board decisions and that the Board's expertise and experience adds considerable value to the Company. Matters that concern business dealings with Monax Mining Limited are discussed and considered by Independent Alternate Directors.
Recommendation 2.2 – Recommendation not followed
The Chairman, Mr Kennedy is not an Independent Director due to his role as an officer of Monax Mining Limited, a substantial shareholder.
The Board considers that all Directors bring an independent judgement to bear on Board decisions and that the Chairman’s expertise and experience adds considerable value to the Company.
Recommendation 2.3 – Recommendation followed
Mr Kennedy’s role as Chairman of the Board is separate from that of the Managing Director who is responsible for the day to day management of the Company and is in compliance with the ASX Recommendation that these roles not be exercised by the same individual.
Recommendation 2.4 – Recommendation followed
The Company has established a Remuneration and Nomination Committee which currently consists of two non-executive Board directors, Messrs Nelson and Kennedy. Mr Nelson acts as Chairman of this committee (refer also to Principle 8 below).
Recommendation 2.5 – Recommendation not followed
The Board recognises that as a result of the Company’s size and the stage of the entity’s life as a publicly listed junior exploration company, the assessment of the Board’s overall performance and its own succession plan is conducted on an informal basis. Whilst this is at variance with the ASX Recommendations, for the financial year ended June 2011, the Directors consider that at the date of this report an appropriate and adequate process for the evaluation of Directors is in place.
Recommendation 2.6 – Recommendation followed
The names of the directors of the Company and terms in office at the date of this Statement together with their skills, experience, expertise and financial interests in the Company are set out in the Directors’ Report section of this report.
The Company’s constitution specifies the number of directors must be at least three and at most ten. The Board may at any time appoint a director to fill a casual vacancy. Directors appointed by the Board are subject to election by shareholders at the following annual general meeting and thereafter directors (other than the Managing Director) are subject to re-election at least every three years. The tenure for executive directors is linked to their holding of executive office.
Formal deeds were entered into by the Company with directors whereby all directors, with the consent of the Chairman, are entitled to take such legal advice as they require at any time and from time to time on any matter concerning or in relation to their rights, duties and obligations as directors in relation to the affairs of the Company.
An assessment of the Board’s overall performance and its own succession plan is conducted on an informal basis and was completed during the previous financial year.
Principle 3 – Promote ethical and responsible decision making
Recommendation 3.1 – Recommendation followed
The Company requires all its directors and employees to abide by the standards of behaviour and business ethics in accordance with the law. In discharging their duties, Directors of the Company are required to:
- act in good faith and in the best interests of the Company;
- exercise the care and diligence that a reasonable person in that role would exercise;
- exercise their powers in good faith for a proper purpose and in the best interests of the Company;
- not improperly use their position or information obtained through their position to gain a personal advantage or for the advantage of another person to the detriment of the Company;
- disclose material personal interests and avoid actual or potential conflicts of interests;
- keep themselves informed of relevant Company matters;
- keep confidential the business of all directors meetings; and
- observe and support the Board’s Corporate Governance practices and procedures.
All directors have signed deeds with the Company which require them to comply with all the obligations of a director under the Corporations Act 2001. Directors also are required to provide the Company with details of all securities registered in the director’s name or an entity in which the director has a relevant interest within the meaning of section 9 of the Corporations Act 2001 and details of all contracts, other than contracts to which the Company is a party to which the director is a party or under which the director is entitled to a benefit, and that confer a right to call for or deliver shares in the Company and the nature of the director’s interest under the contract.
Directors are required to disclose to the Board any material contract in which they may have an interest. In accordance with Section 195 of the Corporations Act 2001, a director having a material personal interest in any matter to be dealt with by the Board, will not be present when that matter is considered by the Board and will not vote on that matter, subject to the discretion of the Board.
Recommendation 3.2 – Recommendation followed
Directors, officers and employees are not permitted to trade in securities of the Company and have an obligation not to inform at any time whilst in possession of price sensitive information not readily available to the market. Section 1043A of the Corporations Act 2001 also prohibits the acquisition and disposal of securities where a person possesses information that is not generally available and which may reasonably be expected to have a material effect on the price of the securities if the information was generally available. A securities trading policy has been established and all employees and Directors are obliged to comply.
Recommendation 3.3 – Recommendation followed
A summary of the Company’s Code of Conduct and Share Trading Policy can be found at www.marmotaenergy.com.au.
Principle 4 – Safeguard integrity in financial reporting
Recommendation 4.1 – Recommendation followed
Marmota was not a Company required by ASX Listing Rule 12.7 to have an Audit Committee during the year although it is an ASX Recommendation. Notwithstanding the Listing Rule requirement, an Audit & Corporate Governance Committee was set up prior to the Company’s ASX listing in 2007 to oversee corporate governance internal controls, ethical standards, financial reporting, and external accounting and compliance procedures. The main responsibilities of the Audit & Corporate Governance Committee include:
- reviewing, assessing and making recommendations to the Board on the annual and half year financial reports;
- overseeing establishment, maintenance and reviewing the effectiveness of the Company’s internal control and ensuring efficacy and efficiency of operations, reliability of financial reporting and compliance with applicable Accounting Standards and ASX Listing Rules;
- liaising with and reviewing reports of the external auditor; and
- reviewing the performance and independence of the external auditor and where necessary making recommendations for appointment and removal of the Company’s auditor.
Recommendation 4.2 – Recommendation not followed
The Audit & Corporate Governance Committee currently consists of the two non-executive Board directors, Messrs Davis & Kennedy, and is chaired by Mr Davis. Mr Kennedy is a qualified Chartered Accountant.
The Board believes that given the size of the Company and the stage of the entity’s life as a publicly listed junior exploration company and the current board structure, the establishment of an audit committee in line with ASX Recommendation 4.2 cannot be justified by the perceived benefits of doing so. The existing composition of the Audit and Corporate Governance Committee is such that review and authorisation of the integrity of the Company’s financial reporting and the independence of the external auditor is via the exercise of independent and informed judgement.
Recommendation 4.3 – Recommendation followed
The Board has adopted a formal Charter for the Audit and Corporate Governance Committee. The Charter details the Audit Committee's role and responsibilities, composition and membership requirement.
Recommendation 4.4 – Recommendation followed
Mr Kennedy is a qualified Chartered Accountant. Details of these Directors’ qualifications and attendance at meetings are set out in the Directors’ Report section of the Annual Report.
The Committee meets at least three times per annum and reports to the Board. The Managing Director, Company Secretary and external auditor may, by invitation, attend meetings at the discretion of the Committee.
Principle 5 – Make timely and balanced disclosure
Recommendation 5.1 and 5.2 – Recommendations not followed
The Company operates under the continuous disclosure requirements of the ASX Listing Rules and ensures that all information which may be expected to affect the value of the Company’s securities or influence investment decisions is released to the market in order that all investors have equal and timely access to material information concerning the Company. The information is made publicly available on the Company’s website following release to the ASX.
Due to the size of the Company and the stage of life of the entity as a publicly listed junior exploration company, the Board does not believe a formal policy for continuous disclosure is required. However, a summary describing how the Company will ensure its compliance with continuous disclosure requirements is posted on the Company’s website www.marmotaenergy.com.au.
Principle 6 – Respect the rights of shareholders
Recommendation 6.1 and 6.2 – Recommendations not followed
The Board aims to ensure that shareholders are informed of all major developments affecting the Company’s state of affairs. In accordance with the ASX Recommendations, information is communicated to shareholders as follows:
- the annual financial report which includes relevant information about the operations of the Company during the year, changes in the state of affairs of the entity and details of future developments, in addition to the other disclosures required by the Corporations Act 2001;
- the half yearly financial report lodged with the Australian Stock Exchange and Australian Securities and Investments Commission and sent to all shareholders who request it;
- notifications relating to any proposed major changes in the Company which may impact on share ownership rights that are submitted to a vote of shareholders;
- notices of all meetings of shareholders;
- publicly released documents including full text of notices of meetings and explanatory material made available on the Company’s website at www.marmotaenergy.com.au; and
- disclosure of the Company’s Corporate Governance practices and communications strategy on the entity’s website.
The Board encourages full participation of shareholders at the Annual General Meeting to ensure a high level of accountability and identification with the Company’s strategy and goals. Important issues are presented to the shareholders as single resolutions. The external auditor of the Company is also invited to the Annual General Meeting of shareholders and is available to answer any questions concerning the conduct, preparation and content of the auditor’s report. Pursuant to section 249K of the Corporations Act 2001 the external auditor is provided with a copy of the notice of meeting and related communications received by shareholders.
Due to the size of the Company and the stage of life of the entity as a publicly listed junior exploration company, the Board does not believe a formal policy for shareholder communication is required. However, a summary describing how the Company will communicate with its shareholders is posted on the Company’s website www.marmotaenergy.com.au.
Principle 7 – Recognise and manage risks
Recommendation 7.1, 7.2 & 7.4 – Recommendations not followed
The Board recognises that there are inherent risks associated with the Company’s operations including mineral exploration and mining, environmental, heritage and native title, legal and other operational risks. The Board endeavours to mitigate such risks by continually reviewing the activities of the Company in order to identify key business and operational risks and ensuring that they are appropriately assessed and managed. No formal report in relation to the Company’s management of its material business risk is presented to the Board.
Due to the size of the Company and the stage of life of the entity as a publicly listed junior exploration company, and the inherent risks associated with the industry it operates in, the Board does not believe formal policies for oversight and management of risk are required. The Board with the assistance of the Audit and Corporate Governance Committee conducts a formal review of the risk profile of the Company annually and monitors risk informally throughout the year. A summary describing how the Company manages risk by procedures established at Board and executive level can be found on the Company’s website www.marmotaenergy.com.au.
Recommendation 7.3 – Recommendation followed
In accordance with ASX Recommendation 7.3 the Chief Executive Officer and Chief Financial Officer are required to provide assurances that the written declarations under s295A of the Corporations Act are founded on a sound framework of risk management and internal control and that the framework is operating effectively in all material respects in relation to financial reporting risks. Both the Chief Executive Officer and Chief Financial Officer provide said assurances at the time the s295A declarations are provided to the Board.
Principle 8 – Remunerate fairly and responsibly
Recommendation 8.1 – Recommendation followed
The Company established a Remuneration and Nomination Committee to monitor the composition of the Board and review the compensation of the Company’s Executive Directors and senior management with the overall objective of motivating and appropriately rewarding performance. The Committee makes recommendations to the Board who are ultimately responsible for the Company’s remuneration policy.
The Remuneration and Nomination Committee currently consists of two Non-executive Directors, Messrs Nelson and Kennedy. Mr Nelson acts as Chairman of this committee. Details of the number of and attendance at the Committee meetings can be found in the Directors’ Report.
The Board believes that given the size of the Company and the stage of the entity’s life as a publicly listed junior exploration company that the cost of establishing a formal remuneration and nomination committee charter cannot be justified by the perceived benefits of doing so.
Recommendation 8.2 & 8.3 – Recommendations followed
In accordance with ASX Recommendation 8.2 the Company’s remuneration practices are set out as follows.
The Company’s Constitution specifies that the total amount of remuneration of non-executive directors shall be fixed from time to time by a general meeting. The current maximum aggregate remuneration of non-executive directors has been set at $400,000 per annum. Directors may apportion any amount up to this maximum amount amongst the non-executive directors as they determine. Directors are also entitled to be paid reasonable travelling, accommodation and other expenses incurred in performing their duties as directors.
Non-executive director remuneration is by way of fees and statutory superannuation contributions. Non-executive directors do not participate in schemes designed for remuneration of executives nor do they receive options or bonus payments and are not provided with retirement benefits other than salary sacrifice and statutory superannuation.
The remuneration of the Managing Director is determined by the Board on the recommendation of the Remuneration & Nomination Committee as part of the terms and conditions of his employment which are subject to review from time to time. The remuneration of employees is determined by the Managing Director subject to the approval of the Board.
The Company’s remuneration structure is based on a number of factors including the particular experience and performance of the individual in meeting key objectives of the Company. The Remuneration and Nomination Committee is responsible for assessing relevant employment market conditions and achieving the overall, long term objective of maximising shareholder benefits, through the retention of high quality personnel.
During the previous financial year, the Company engaged the services of an external remuneration consultant to conduct a review of and benchmark remuneration for Non-executive and Executive Directors and key management personnel. The Remuneration and Nomination Committee conducted an inhouse benchmarking review of executive remuneration during the financial year.
The Company does not presently emphasise payment for results through the provision of cash bonus schemes or other incentive payments based on key performance indicators of Marmota given the nature of the Company’s business as a publicly listed mineral exploration entity and the current status of its activities. However the Board may approve the payment of cash bonuses from time to time in order to reward individual executive performance in achieving key objectives as considered appropriate by the Board.
From time to time, the Company may grant retention rights as considered appropriate by the Remuneration and Nomination Committee and the Board, as a long term incentive for Key Management Personnel. These rights are subject to shareholder approval at the Annual General Meeting. The intention of this remuneration is to facilitate the retention of Key Management Personnel in order that the goals of the business and shareholders can be met. Under the terms of the issue of retention rights, the rights will vest over a period of time, with a proportion of the rights vesting each year.
The Company also has an Employee Share Option Plan approved by Directors and subject to shareholder approval that enables the Board to offer eligible employees options to acquire ordinary fully paid shares in the Company. Under the terms of the Plan, options to acquire ordinary fully paid shares may be offered to the Company’s eligible employees at no cost unless otherwise determined by the Board in accordance with the terms and conditions of the Plan. The objective of the Plan is to align the interests of employees and shareholders by providing employees of the Company with the opportunity to participate in the equity of the Company as an incentive to achieve greater success and profitability for the Company and to maximise the long term performance of the Company. The non-executive directors are not eligible to participate in the Plan. Details of options issued to employees during the 2011 financial year together with details of the terms of the Plan are disclosed in the Remuneration Report section of the Directors’ Report.
Details of options and retention rights issued to employees during or since the end of the financial year including to the Managing Director are set out in the Remuneration Report section of the Directors’ Report.
The employment conditions of the Managing Director and Executive Director are formalised in contracts of employment and may be terminated at any time by mutual agreement or without notice in instances of serious misconduct.
The details of Directors' and Executives' / Officers' remuneration, superannuation and retirement payments are set out in the Remuneration Report section of the Directors' Report.
Vehicle safety and accident prevention
Safety is a priority in all our vehicle use.
Marmota is committed to the safety of all employees and contractors and will ensure that all vehicles owned or used by the company are safe and driven safely to prevent road accidents and injuries.
Safety
All vehicles owned or used by Marmota will be:
- Covered by current registration and current insurance
- Driven by drivers holding a current driving licence and covered by the insurance
- Regularly inspected and maintained. The inspection and maintenance shall include all safety features and verifying compliance with emission and noise regulations.
Safe Driving
All drivers of vehicles owned or used by the company shall undergo a recognised Defensive Driving training course. Regular update courses are mandatory.
All drivers of 4-wheel drive vehicles shall undergo a recognised off-road driving and vehicle maintenance course. Regular update courses are mandatory.
Drivers of company vehicles required to drive for long distances or long periods of time shall undergo an awareness program on the hazards of driver fatigue and on the measures to prevent the adverse effects of fatigue.
Safety Features
It is mandatory that all vehicles are equipped with the following:
- Seat belts
- Fire extinguisher
- First aid kit
- Repair tools, as appropriate
- Remote areas safety kits and tools, GPS and satellite phone.
Accidents
Marmota requires that any vehicle accident shall be immediately reported and investigated.
Remote Areas Daily Log-in
All employees travelling by vehicle into remote areas will be equipped with appropriate communication systems and lodge a travel itinerary with the Safety Log-in Officer.
Every vehicle will carry an electronic position-indicating radio beacon (EPIRB), a mobile telephone (if working within mobile range), and a satellite telephone.
Log-in must be made every day at an agreed time, including weekends, and, for a person working alone, every morning and afternoon.
Website terms of use
1. Fair Use
1.1 Marmota Energy Limited (we) retains copyright to all materials on this website. Apart from any use permitted under the Copyright Act 1968, all other rights are reserved. The information contained within the website comes from a number of sources, each owner retain their individual copyright over those materials.
1.2 You are free to make personal use of the website materials (eg download, display, or print) for either non-commerical purposes or for educational study or educational research, provided you give appropriate acknowledgement. The materials must not be subject to derogatory treatment.
1.3 The information from this website must not be passed off as your own. Other than the educational exclusions, public republishing of any information requires the express consent of Marmota Energy Limited.
1.4 We encourages you to link to this website. However, you are not permitted to frame any parts of the site without Marmota Energy Limited's written permission.
2. Privacy
2.1 You retain all applicable privacy protection provisions under the Australian Privacy Act (Cth) 1988.
3. Personal Information
3.1 While you use this website we may collect information provided by your browser and yourself. The information is used for statistical purposes only and may include:
- server clickstream data log information
- emails and electronic forms information
- browser information and data cookies
3.2 Personal information is used for
- the purpose for which it was provided
- website administration and enhancement
- communication, statistics, research and development
3.3 Personal information will not be disclosed to a third party without your express consent.
4. Disclaimer
4.1 Use of this website is at your own risk.
4.2 The information provided on the website is general information only and should not be depended on as a substitute for professional advice.
5. Indemnity
5.1 You accept that Marmota Energy Limited provides no express or implied warranties for any information error, inaccuracy, omission and/or unavailability.
5.2 You indemnify Marmota Energy Limited against all liabilities, damages, claims, losses, costs and expenses as a result of the use of this website.
6. Jurisdiction
6.1 This agreement is governed by the laws of South Australia, Australia.
7. Change of the Terms of Use
7.1 Marmota Energy Limited may change the Terms of Use at any time without notice.
