Note 11: Senior Executive Remuneration
|Note 11A: Senior Executive Remuneration Expense for the Reporting Period ¹|
|Short-term employee benefits:|
|Annual leave accrued||212,078||35,513|
|Total short-term employee benefits||17,941,971||17,388,308|
|Total post-employment benefits||3,423,193||3,085,688|
|Other long-term benefits:|
|Total other long-term benefits||510,915||115,477|
1. Note 11A excludes acting arrangements and part-year service where remuneration expensed for a senior executive was less than $150,000.
2. Note 11A was prepared on an accrual basis (so the performance bonus expenses disclosed above differ from the cash 'Bonus paid' in Note 11B).
|Note 11B: Average Annual Remuneration Packages and Bonus Paid for Substantive Senior Executives as at the end of the Reporting Period|
|as at 30 June 2011||as at 30 June 2010|
|Fixed elements||Bonus paid2||Fixed elements||Bonus paid2|
|Fixed Elements and Bonus Paid1||Senior Executives||Salary||Allowances||Total||Senior Executives||Salary||Allowances||Total|
|Total remuneration (including part-time arrangements):|
|less than $150,000||2||111,603||23,768||135,371||3,272||1||115,423||22,856||138,279||2,308|
|$150,000 to $179,999||57||153,582||23,768||177,350||3,355||57||148,628||22,856||171,484||6,815|
|$180,000 to $209,999||-||-||-||-||-||18||182,167||22,856||205,023||12,957|
|$210,000 to $239,999||22||189,732||22,688||212,419||3,178||1||211,398||-||211,398||-|
|$240,000 to $269,999||4||232,731||26,056||258,787||4,040||3||226,173||25,088||251,261||24,798|
|$270,000 to $299,999||-||-||-||-||-||-||-||-||-||-|
|$390,000 to $419,999||-||-||-||-||-||1||376,640||36,147||412,787||-|
|$420,000 to $449,999||1||392,080||37,640||429,720||-||-||-||-||-||-|
1. This table reports substantive senior executives who were employed by the entity at the end of the reporting period. Fixed elements were based on the employment agreement of each individual. Each row represents an average annualised figure (based on headcount) for the individuals in that remuneration package band (i.e. the 'Total' column).
2. This represents average actual bonuses paid during the reporting period in that remuneration package band. The 'Bonus paid' was excluded from the 'Total' calculation, (for the purpose of determining remuneration package bands). 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. For further details, refer to the Variable Elements disclosure below.
3. The Total number of SES reported in Note 11B will vary year to year as a result of SES vacancies. This does not equate to a change in the number of SES positions in the Department.
With the exception of bonuses, variable elements were not included in the 'Fixed Elements and Bonus Paid' table above. The following variable elements were available as part of senior executives' remuneration package:
• Bonuses were based on the performance rating of each individual. The maximum bonus that an individual could receive was 2 per cent (2010: 2 per cent, 2009: 12 per cent) of his/her base salary.
• Average performance bonuses disclosed in Note 11B for 2010 include bonuses paid to staff for two performance cycles (2008-09 and 2009-10).
(b) On average senior executives were entitled to the following leave entitlements:
• Annual Leave (AL): entitled to 22 days (2010: 22 days) each full year worked (pro-rata for part-time SES);
• Personal Leave (PL): entitled to 20 days (2010: 20 days) or part-time equivalent; and
• Long Service Leave (LSL): in accordance with Long Service Leave (Commonwealth Employees) Act 1976.
(c) Senior executives were members of one of the following superannuation funds:
• Australian Government Employee Superannuation Trust (AGEST): this fund is for senior executives who were employed for a defined period. Employer contributions were set at 9 per cent (2010: 9 per cent). More information on AGEST can be found at http://www.agest.com.au;
• Commonwealth Superannuation Scheme (CSS): this scheme is closed to new members, and employer contributions averaged 28.3 per cent (2010: 24 per cent) (including productivity component). More information on CSS can be found at http://www.css.gov.au;
• Public Sector Superannuation Scheme (PSS): this scheme is closed to new members, current employer contributions were set at 15.4 per cent (2010: 15.4 per cent) (including productivity component). More information on PSS can be found at http://www.pss.gov.au;
• Public Sector Superannuation Accumulation Plan (PSSap): employer contributions were set at 15.4 percent (2010: 15.4 per cent), and the fund has been in operation since July 2005. More information on PSSap can be found at http://www.pssap.gov.au; and
• Other: there were some senior executives who had their own superannuation arrangements (e.g. self-managed superannuation funds). Their employer contributions were set at 15.4 per cent (2010: 15.4 per cent).
d) Senior Executives are entitled to a number of other entitlements including;
• Language Proficiency Allowance; First Aid Allowance; Restriction Allowance; Higher Duties Allowance and Out-of-Hours Parliamentary, Media, Protocol and Consular Duties Allowance.
Note 11C: Other Highly Paid Staff
During the reporting period, there were 5 employees (2010: 7) whose salary plus performance bonus were $150,000 or more. These employees did not have a role as senior executive and were therefore not disclosed as senior executives in Note 11A and Note 11B.