The Board of Sydney Markets Limited (SML) were of the view that there should be continuous and meaningful dialogue between SML and people who:

1. conduct business activities at the Markets or regularly use the facilities of the Markets: and
2. are members of an industry group specified in accordance with the articles of association

In this way, SML’s management is able to understand first-hand the goals, objectives and priorities of the people most directly involved in day to day business at the Markets.  In order to ensure that dialogue is created and maintained, the articles of association provide for the establishment of the Council of Market Representatives.  The Council acts as an advisory panel to the Directors.  The Council is chaired by SML’s Chairman.

Specific issues on which the Council may deliberate and report to the Directors are:

1. the operation and efficiency of the Markets;
2. the development of initiatives to ensure optimal operation of the Markets is achieved and maintained;
3. the interaction between the Tenants and other users of the Markets and the concerns of both groups;
4. ensuring all users have proper and reasonable access to the facilities of the Markets;
5. the promotion of the Markets and all its activities;
6. the degree of customer satisfactions with the wholesale and retail activities of the Markets; and
7. recommendations in respect of the industry groups specified in SML’s articles of association.

SML Chairman convenes meetings at such times as he and other members of the Council consider fit provided that meetings of the Council will be comprised of Market Participants nominated by their respective Industry Groups and confirmed by the Directors

The Council has no authority to bind Sydney Markets Limited.