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Note 13: Senior executive remuneration

Note 13a: Senior Executive remuneration expenses for the reporting period
  2012 $ 2011 $

Notes:

1. This note is prepared on an accrual basis (therefore the performance bonus expenses disclosed above may differ from the cash ‘Bonus paid’ in note 13b.

2. This note excludes acting arrangements and part year service where total remuneration expensed for a senior executive was less than $150,000.

Short-term employee benefits:
Salary 2,482,585 2,145,988
Annual leave accrued 241,832 202,047
Performance bonuses 4,745 39,000
Motor vehicle and other allowances 408,586 317,739
Total short-term employee benefits 3,137,748 2,704,774
Post employment benefits:
Superannuation 434,678 380,374
Total post employment benefits 434,678 380,374
Other long-term benefits:
Long service leave 84,539 81,601
Total other long-term benefits 84,539 81,601
Termination benefits - 85,240
Total employment benefits 3,656,965 3,251,989
Note 13b: Average annual reportable remuneration paid to substantive Senior Executives during the reporting period - 2012
Average annual reportable remuneration 1 Senior Executives No. Reportable salary 2

$
Contributed superannuation 3

$
Reportable allowances 4
$
Bonus paid 5
$
Total

$
Notes follow
Total remuneration (including part-time arrangements):
Less than $150,000 2 89,200 12,838 - - 102,038
$150,000 to $179,999 1 151,920 16,622 - - 168,542
$180,000 to $209,999 3 176,258 22,566 - - 198,824
$210,000 to $239,999 6 196,624 28,960 - - 225,584
$240,000 to $269,999 1 209,298 39,529 - - 248,827
$270,000 to $299,999 2 247,742 36,198 - 2,372 286,312
$480,000 to $509,999 1 444,375 64,673 - - 509,048
Total 16
Note 13b: Average annual reportable remuneration paid to substantive Senior Executives during the reporting period - 2011
Average annual reportable remuneration 1 Senior Executives No. Reportable salary 2

$
Contributed superannuation 3

$
Reportable allowances 4
$
Bonus paid 5
$
Total

$
Notes follow
Total remuneration (including part-time arrangements):
Less than $150,000 3 77,736 12,995 3,136 - 93,867
$150,000 to $179,999 3 146,038 17,605 - - 163,643
$180,000 to $209,999 7 170,213 26,862 - 2,143 199,218
$210,000 to $239,999 1 187,665 36,185 - - 223,850
$240,000 to $269,999 1 211,369 28,880 - - 240,249
$270,000 to $299,999 1 235,963 36,112 - 24,000 296,075
$480,000 to $509,999 1 431,842 56,116 - - 487,958
Total 17

Note 13b (continued): Average annual reportable remuneration paid to substantive Senior Executives during the reporting period

Notes:

  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:
    1. gross payments (less any bonuses paid, which are separated out and disclosed in the 'bonus paid' column)
    2. reportable fringe benefits (at the net amount prior to 'grossing up' to account for tax benefits) and
    3. exempt foreign employment income.
  3. The 'contributed superannuation' amount is the average actual superannuation contributions paid to senior executives in that reportable remuneration band during the reporting period, including any salary sacrificed amounts, as per the individuals' payslips.
  4. 'Reportable allowances' are the average actual allowances paid as per the 'total allowances' line on individuals' payment summaries.
  5. 'Bonus paid' represents average actual bonuses paid during the reporting period in that reportable remuneration band. The 'bonus paid' within a particular band may vary between financial years due to various factors such as individuals commencing with or leaving the entity during the financial year.
  6. Various salary sacrifice arrangements were available to senior executives including superannuation, motor vehicle and expense payment fringe benefits. Salary sacrifice benefits are reported in the 'reportable salary' column, excluding salary sacrificed superannuation, which is reported in the 'contributed superannuation' column.
Note 13c: Other highly paid staff - 2012
Average annual reportable remuneration 1 Staff No. Reportable salary 2

$
Contributed superannuation 3

$
Reportable allowances 4
$
Bonus paid 5
$
Total

$
Notes follow
Total remuneration (including part-time arrangements):
$150,000 to $179,999 8 135,059 22,752 27 - 157,838
$180,000 to $209,999 1 179,677 18,802 - - 198,479
Total 9
Note 13c: Other highly paid staff - 2011
Average annual reportable remuneration 1 Staff No. Reportable salary 2

$
Contributed superannuation 3

$
Reportable allowances 4
$
Bonus paid 5
$
Total

$
Notes follow
Total remuneration (including part-time arrangements):
$150,000 to $179,999 3 133,727 22,762 - - 156,489
Total 3

Note 13c (continued): Other highly paid staff

Notes:

  1. This table reports staff:
    1. who were employed by the entity during the reporting period
    2. whose reportable remuneration was $150,000 or more for the financial period and
    3. were not required to be disclosed in Tables A, B or director disclosures.

    Each row is an averaged figure based on headcount for individuals in the band.

  2. 'Reportable salary' includes the following:
    1. gross payments (less any bonuses paid, which are separated out and disclosed in the 'bonus paid' column)
    2. reportable fringe benefits (at the net amount prior to 'grossing up' to account for tax benefits) and
    3. exempt foreign employment income.
  3. The 'contributed superannuation' amount is the average actual superannuation contributions paid to staff in that reportable remuneration band during the reporting period, including any salary sacrificed amounts, as per the individuals' payslips.
  4. 'Reportable allowances' are the average actual allowances paid as per the 'total allowances' line on individuals' payment summaries.
  5. 'Bonus paid' represents average actual bonuses paid during the reporting period in that reportable remuneration band. The 'bonus paid' within a particular band may vary between financial years due to various factors such as individuals commencing with or leaving the entity during the financial year.
  6. Various salary sacrifice arrangements were available to other highly paid staff including superannuation, motor vehicle and expense payment fringe benefits. Salary sacrifice benefits are reported in the 'reportable salary' column, excluding salary sacrificed superannuation, which is reported in the 'contributed superannuation' column.