CORPORATE GOVERNANCE STATEMENT for the year ended 30 June 2001  Ethical Standards Code of Ethics Objectives The Directors acknowledge the need for continued maintenance of the highest standard of corporate governance practice and ethical conduct by all Directors and employees of the Company. The Company aims to maintain the highest standard of ethical behaviour in ethical business dealings. In maintaining its ethical standards, the Company will: The Chief Executive Officer is responsible to the Board for implementing, promoting and reviewing the effectiveness of the Code of Ethics. The Directors' Code of Conduct demonstrates the commitment of Directors to achieve unambiguous accountability. The objectives are -  Principal Business Assurance/Risk Management strategies affecting the core business operations are overviewed  by the Board and the Board Compliance and  Audit Committee. Major business risks arise from such matters as - action by competitors; Government policy changes; the impact of changes in consumer credit legislation and privacy regulation; the purchase, development and obsolescence of information systems technology and other events not otherwise anticipated. Business Risks and Emergency Planning Directors’ Code of Conduct • behave with integrity in all its dealings with shareholders, employees, Government, suppliers, business partners and the Taxi Industry; • ensure that its actions comply with applicable laws and regulations; • foster good relationships with Governments while remaining apolitical; • maintain and implement policies that will enable employees to avoid situations where conflicts of interest could arise; • not engage in any activity that could be construed to involve an improper inducement; • achieve a working environment where: - equal opportunity is rigorously practiced; - harassment and other offensive behaviour is not tolerated; - the confidentiality of commercially sensitive information is protected; and - employees are encouraged to discuss concerns about ethical behaviour with their supervisors. • to ensure Directors are seen to be 'transparent' in their conduct of the role of Director; • to ensure that the interests of shareholders is understood, respected and recognised ahead of all else; • to ensure Directors recognise and avoid situations of conflict of interest and other improper conduct; • to provide assurance to shareholders that appropriate procedures of governance regulation and accountability are in place such that shareholders will not be required to intervene or adjudicate in the role of Directors, save for the statutory obligation of nominating, electing and rewarding Directors. • Share dealings: Post balance date the Board has adopted the following addition to the code. It is required that: 1. Directors discuss any proposed trade in the Company's shares with the Chairman prior to any trade; 2. Senior Executives discuss any proposed trade in the Company's shares with the Chief Executive Officer prior to any trade; 3. Always subject to compliance with Listing Rules and Corporations Act, unless there are unusual circumstances trades in the Company's shares by Directors and Senior Executives are limited to the following periods; (a) One month after the release of the Company's Half Year and Annual results to the Australian Stock Exchange (ASX), and (b) The period commencing from lodgement of the Company's Annual Report with ASX, until one month after the Annual General Meeting of the Company. 4. Directors and Senior Executives are prohibited from trading in the Company's shares if the Director or officer is in possession of price sensitive information or would be trading for a short term gain. 5. Directors and Senior Executives are also aware of their obligations to ensure that they do not communicate price sensitive information to any other person who is likely to buy or sell the Company’s shares or communicate that information to another party. 16 ABN 99 001 958 390 CABCHARGE AUSTRALIA LIMITED  AND CONTROLLED ENTITIES