Note 12A. Senior Executive Remuneration Expenses for the Reporting Period
2013 | 2012 | |
---|---|---|
$ | $ | |
Short-term employee benefits: Salary (including annual leave taken) | 6,084,711 | 5,563,040 |
Annual leave accrued | 511,703 | 478,095 |
Motor vehicle allowances | 651,502 | 602,935 |
Lifestyle allowances | 129,843 | 201,305 |
Other allowances | 81,177 | 116,702 |
Total short-term employee benefits | 7,458,936 | 6,962,077 |
Post-employment benefits: Superannuation | 1,059,463 | 929,170 |
Total post-employment benefits | 1,059,463 | 929,170 |
Other long-term employee benefits: Long-service leave | 166,836 | 155,879 |
Total other long-term employee benefits | 166,836 | 155,879 |
Termination benefits: Termination benefits | - | - |
Total termination benefits | - | - |
Total senior executive remuneration expenses | 8,685,235 | 8,047,1261 |
- Note 12A is prepared on an accrual basis.
- Note 12A excludes acting arrangements and part-year service where total remuneration expensed for a senior executive was less than $180,000.
- ‘Other allowances’ includes parking and living away from home allowances.
Note 12B. Average Annual Reportable Remuneration Paid to Substantive Senior Executives during the Reporting Period
Average annual reportable remuneration paid to substantive senior executives in 2013
Average annual reportable remuneration1 | Senior Executives No. | Reportable salary2 $ | Contributed superannuation3 $ | Reportable allowances4 $ | Total reportable remuneration $ |
---|---|---|---|---|---|
Total remuneration (including part-time arrangements): | |||||
less than $180,000 | 6 | 82,084 | 11,098 | - | 93,182 |
$180,000 to $209,999 | 4 | 181,390 | 25,855 | - | 207,245 |
$210,000 to $239,999 | 16 | 195,633 | 28,884 | 43 | 224,560 |
$240,000 to $269,999 | 5 | 226,584 | 34,319 | 148 | 261,051 |
$270,000 to $299,999 | 5 | 246,418 | 36,796 | 30 | 283,244 |
$390,000 to $419,999 | 1 | 353,791 | 51,312 | - | 405,103 |
$600,000 to $629,999 | 1 | 526,952 | 78,014 | - | 604,966 |
Total number of substantive senior executives | 38 |
1. This table reports substantive senior executives who received remuneration during the reporting period. Each row is an averaged figure based on headcount for individuals in the band.
2. ‘Reportable salary’ includes the following:
a) gross payments;
b) reportable fringe benefits (at the net amount prior to ‘grossing up’ for tax purposes);
c) exempt foreign employment income; and
d) salary sacrificed benefits.
3. The ‘contributed superannuation’ amount is the average cost to the entity for the provision of superannuation benefits to substantive senior executives in that reportable remuneration band during the reporting period.
4. ‘Reportable allowances’ are the average actual allowances paid as per the ‘total allowances’ line on individuals’ payment summaries.
Note 12C. Average Annual Reportable Remuneration Paid to Other Highly Paid Staff during the Reporting Period
Average annual reportable remuneration paid to other highly paid staff in 2013
Average annual reportable remuneration1 | Other highly paid staff No. | Reportable salary2 $ | Contributed superannuation3$ | Reportable allowances4 $ | Total reportable remuneration $ |
---|---|---|---|---|---|
Total reportable remuneration (including part time arrangements): $180,000 to $209,999 | 4 | 163,119 | 23,365 | - | 186,484 |
Total number of other highly paid staff | 4 |
1. This table reports staff:
a) who were employed by the entity during the reporting period;
b) whose reportable remuneration was $180,000 or more for the reporting period; and
c) were not required to be disclosed in Table A or Table B.
Each row is an averaged figure based on headcount for individuals in the band.
2. ‘Reportable salary’ includes the following:
a) gross payments;
b) reportable fringe benefits (at the net amount prior to ‘grossing up’ for tax purposes);
c) exempt foreign employment income; and
d) salary sacrificed benefits.
3. The ‘contributed superannuation’ amount is the average cost to the entity for the provision of superannuation benefits to other highly paid staff in that reportable remuneration band during the reporting period.
4. ‘Reportable allowances’ are the average actual allowances paid as per the ‘total allowances’ line on individuals’ payment summaries.