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Note 12: Senior Executive Remuneration

Note 12A. Senior Executive Remuneration Expenses for the Reporting Period

Senior Executive Remuneration Expenses
  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
  1. Note 12A is prepared on an accrual basis.
  2. Note 12A excludes acting arrangements and part-year service where total remuneration expensed for a senior executive was less than $180,000.
  3. ‘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

Senior Executive Remuneration
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

Other highly paid staff remuneration
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.

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