Remuneration of Senior Executive and other highly paid employees

Remuneration of Senior Executive and other highly paid employees

2017-18 financial year

Senior Executive
Total remuneration Executives No. Average Reportable Salary $ Average Contributed superannuation $ Average Allowances $ Average bonus paid $ Average total remuneration $
$200,000 and less 4 113,251 20,675 N/A N/A 133,926
$200,001 to $250,000 2 216,736 40,747 N/A N/A 257,483
$250,001 to $300,000 0 N/A N/A N/A N/A N/A
$300,001 to $350,000 1 331,141 51,175 14,722 N/A 397,038
$350,001 to $400,000 N/A N/A N/A N/A N/A N/A
Total number of executives 7          
Other highly paid employees

Total

remuneration

Highly paid 

staff No.

Average Reportable

Salary $

Average

Contributed

superannuation

$

Average 

Allowances

$

Average bonus paid

$

Average Total remuneration

$

$200,000 and less 3 175,780 33,047 N/A N/A 208,827
$200,001 to $250,000 1 203,583 38,273 N/A N/A 241,856
Total number of highly paid staff 4          
Key requirements/definitions

The 'reportable salary' column is prepared on a cash basis using reportable salary as defined as the sum of:

  1. gross payments (excluding bonuses)
  2. reportable fringe benefits (net amount)
  3. reportable employer superannuation contributions
  4. exempt foreign employment income

as reported in an individual's payment summary.

The 'contributed superannuation' column is prepared on a cash basis using contributed superannuation as defined as follows:

  • For individuals that are in a defined contribution scheme (e.g., PSSap), ‘Contributed superannuation’ should include the defined contribution amounts. This amount is typically located on the individual's payslip.

or

  • For individuals that are in a defined benefit scheme (e.g. PSS and CSS), 'Contributed superannuation' should include the Notional Employer ​Contribution Rate (NECR) amount, Employer Productivity Superannuation Contribution (also known as the Productivity Component) and any Additional Lump Sum Contribution paid during the financial reporting period.

The 'reportable allowances' column is prepared on a cash basis using reportable allowances as is equal to the 'total allowances' figure as reported in an individual's payment summary. Reportable allowances excludes any allowances already reported in the gross payments line in the payment summary.

The 'bonus paid' column is prepared on a cash basis using bonus paid as is equal to the actual bonus paid to individuals during the reporting period and is a component of gross payments reported on the payment summary.

To protect your privacy, please do not include contact information in your feedback. If you would like a response, please contact us.