Note 14: Senior Executive Remuneration

Note 14A: Actual Remuneration Paid to Senior Executives
	2010	2009
The number of senior executives who received or were due to receive:
less than $145,000*	14	15
$145,000 to $159,999	1	1
$160,000 to $174,999	6	7
$175,000 to $189,999	6	3
$190,000 to $204,999	7	11
$205,000 to $219,999	16	14
$220,000 to $234,999	18	12
$235,000 to $249,999	6	7
$250,000 to $264,999	3	6
$265,000 to $279,999	9	9
$280,000 to $294,999	4	6
$295,000 to $309,999	6	1
$310,000 to $324,999	-	2
$325,000 to $339,999	2	2
$340,000 to $354,999	-	-
$355,000 to $369,999	1	-
$385,000 to $399,999	1	-
$400,000 to $414,999	-
$415,000 to $429,999	-
$430,000 to $449,999		-
$520,000 to $534,999	-	1
Total	100	97
* Excluding acting arrangements and part-year service.
Total expense recognised in relation to Senior Executive employment
	$	$
Short-term employee benefits:
Salary (including annual leave taken)	14,872,226	13,404,383
Changes in annual leave provisions	35,513	250,424
Performance bonus1	996,519	621,473
Other2	2,141,851	2,113,124
Total Short-term employee benefits	18,046,110	16,389,403
Superannuation (post-employment benefits)	2,938,093	3,377,656
Other long-term benefits	263,072	564,903
Total	21,247,275	20,331,962

During the year the entity paid $555,843 in termination benefits to senior executives (2009: $85,907). This amount is excluded from the 'Total expense recognised in relation to Senior Executive employment' above.

Remuneration paid to executives and earned while located in Australia during the 2009-10 financial year has been included.  For this purpose, Executive Remuneration includes:  salary, allowances in the nature of salary, performance bonuses, fringe benefits tax, vehicle costs, parking costs, leave accruals and employer's superannuation contributions.

Notes
1. In 2009-10, the maximum performance bonus payable for senior executives was 2% of base salary (2009: 12%)
2. "Other" includes motor vehicle allowances and other allowances. 
3. To comply with the 2009-10 FMOs, adjustments were made to prior year figures for comparability. 

 

Note 14B: Salary Packages for Senior Executives
Average annualised remuneration packages for substantive Senior Executives
	As at 30 June 2010				As at 30 June 2009
	No. SES	Base salary (including annual leave)	Total remuneration package1		No. SES	Base salary (including annual leave)	Total remuneration package1
Total remuneration:
$160,000 to $174,999	5	137,115	167,200		1	141,097	169,059
$175,000 to $189,999	7	144,153	179,542		14	153,284	180,376
$190,000 to $204,999	19	151,858	196,518		13	147,225	196,422
$205,000 to $219,999	21	149,894	210,451		16	145,409	211,692
$220,000 to $234,999	5	154,512	226,031		12	158,700	225,730
$235,000 to $249,999	6	174,799	241,584		5	170,510	241,880
$250,000 to $264,999	9	184,524	251,602		9	173,688	258,446
$265,000 to $279,999	2	190,817	281,186		4	183,638	268,052
$280,000 to $294,999	2	190,817	290,725		4	206,838	287,080
$295,000 to $309,999	2	209,107	292,220		-	-	-
$310,000 to $324,999	2	226,025	318,101		4	215,884	319,834
$340,000 to $354,999	1	226,173	341,717		-	-	-
$445,000 to $459,999	-	-	-		1	365,670	457,080
$460,000 to $474,999	1	376,640	470,790		-	-	-
Total	82				83

Notes
1. Non-Salary elements available to Senior Executives include:
(a) Motor vehicle allowance
(b) Superannuation
2. Note 14B excludes movements in long service leave and performance bonuses.

The primary differences between Note 14A and Note 14B is as follows:
(a) Note 14A includes all qualifying staff (including acting arrangements and part year service) and Note 14B only includes substantive SES remuneration packages as at 30 June 2010.
(b) Note 14A is based on all entitlements paid and accrued through the year. Note 14B is based on annualised average data, excluding annual leave, long service leave and performance payments due to the uncertainty of access to the benefits.