7 Audit Governance Committee Charter Approved April 20.

Audit & Governance Committee Charter Approved by the Golden Casket Board 14 April 2005 Golden Casket Lottery Corporation Limited Audit & Governance Committee Charter The Golden Casket Audit & Governance Committee is a Committee of the Board of Directors with the objective of assisting the directors to discharge the Board’s responsibilities of oversight and corporate governance. Roles and Responsibilities The Committee will act for Golden Casket Lottery Corporation Limited and its wholly owned subsidiaries as an advisory body independent of management, including internal and external audit. (In the allocation of resources for subsidiaries, the Committee will be cognisant of the subsidiary’s processes and procedures and the material and reputation impact the subsidiary has or may have on the consolidated Group.) The Committee is charged with monitoring and/or reviewing: 1. Audit • internal audit programs, functions, reports and activities • effectiveness and integrity of the internal control systems • effectiveness of the corporation’s fraud prevention program • appropriateness of management’s responses to and implementation of recommendations in relation to: o internal audit reports; o external audit reports; and o Queensland Office of Gaming Regulation reports • agreed audit recommendations for subsidiaries where the subsidiary does not have an Audit Committee. • audit plans of the internal and the external auditors, ...